e-bay vrs other's insertion fee (Re: Sniping Does Not Require Justification!)

I wonder if e-bays's policies contribute towards angst from both buyer and seller? Here in NZ e-bay has not caught on, except for overseas sales. Our local auction site is Trade Me and it's hugely popular. Unlike e-bay, with Trade Me when you list an item, there is no "insertion fee" calculated on the amount you list the item for. From memory there may be a tiny nominal flat fee for listing but Trade Me charges you on what the item actually sells FOR. If it doesn't sell, you can relist three times without a charge. With ebay there is a financial incentive for the seller to list low, hoping the bids will bring it up to the reserve. On Trade me, the common practice (99% of items) is to list your goods at a price you would be happy to receive and make the sale no reserve. Buyers then know if they bid then they have a chance at getting the item and they also have an indication of what the seller thinks it's worth. Sellers know that their goods will not disappear at a price lower than they value the goods themselves. For example, at the moment I have an Osborne 1a on TradeMe at $NZ 150 no reserve. I wouldn't let it go for anything under $150. If it doesn't sell, too bad. I'll try again later. I've only lost my nominal listing fee (about $1 or so). If I get more than $150 because the demand is there then that's a bonus. This doesn't stop the practice of sniping of course, but I do think in this regard the pricing policy of Trade Me is better, certainly from a sellers point of view. Terry