> For the complete documentation index, see [llms.txt](https://docs.gbm.auction/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gbm.auction/how-a-gbm-auction-works/starting-bids.md).

# Starting Bids

We usually recommend **no starting bid** to maximise participation and price discovery.

### 🤔 **Why?**

* No minimum starting bid = anyone can join early
* No price anchoring = potentially higher selling prices

However, sellers **can still set a starting bid** price if if they wish too - these are optional settings during auction creation.