I see the BIN feature as a calculated risk- you have an assurred sale at a price you determine is your lowest price balanced against a nonsale altogether.

If you have misjudged the market, then someone will try and bid on the item which automatically negates the BIN feature. It is in play only until a bid is made. I see it as an out in the open Reserve price, as oppossed to one that people have to keep uping their bid to to find out what your minimum price is.

I agree that it loses some of the possibillity of a larger than average price, but it's a trade-off that sometimes is beneficial to all if done carefully. You have to set the BIN price at a reasonable level- not too low and not too high.

Dennis