I've heard similar stories about BaT setting unrealistically low reserves. The upside is that, at least in my experience, cars tend to bring retail or better prices so the low reserve doesn't end up hurting the seller. That being said, I think I'd only list a car on there if I was in a hurry to sell.
The best part of BaT by far is the comments section. I've learned an incredible amount just by reading threads on cars I'm interested in.
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