I think it's good for LP's that usually go for somewhat cheap,
or let's say usually go for around the opening bid amount.
Ummm let's say you want the Mirettes "Whirlpool" LP,
and someone has it listed for $10 - if you put the first bid on it,
chances are 20 other people will now NOT bid because it already
has a bid, and they don't want to pay more than around $10 for it
anyway ... does this make sense? I know I sometimes won't bother
bidding on something if it already has a bid, because I know that
means I now have to beat out the 1st bidder's max amount...
It's like, why wait for someone else to "set the price" on something,
when you can do it yourself?
As for putting $20 bids on $200 records, I don't know.
You'll have to ask Morrocco Mole about that