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Not having a reserve won't affect the bidding. It's only useful if you are unwilling to go below a certain price.
Frankly, auctions are pot-luck. There's only one way to find out if it goes well for you
Matt
Does anyone know the approximate value of an original 1968 'This is The Magic Mixture'LP. I have put it on Ebay and see that someone is selling one in the US for 175 dollars. I haven't put a reserve on it and wonder if I should? Any help would be appreciated.