Anyone had success with these bids? How much above the "reserve" price was necessary?
Plenty times. Rarely ever a lose. Only if you get "outbid" by 5 others.
Did you "price is right it"?
"Price is Right" is completely irrelevant for an auction.
No. Don't really understand how that works.
It means you offer $1 above the minimum rate and hope that many offer the minimum.