Not only have I seen seemingly unreasonable opening bids, but the other day, we had this ridiculous situation with a small "Mom & Pop" storage facility, where the facility owner was acting as his own auctioneer. There was a crowd of about 50 (25 more than usual around here), and 10 units for auction. He opened a 10 X 10, did not announce a minimum bid or reserve amount, started with a bid of $200 (which I thought he had gotten from someone), which was WAY too much. Unit should not have gone for over $150. The newbies bid against each other all the way until $450, which I thought was insane, but they were all excited and it was the first unit of the day. The owner/auctioneer then announces "Okay, the min bid is $500 on this unit -- I'm not letting it go for under that amount" -- and we're all like, what? He then starts explaining that the law lets him recoup his fees and this particular tenant was past-due 4 months at $750... we tell him that's not OUR fault.
I almost began to tell him that if he wanted to quote the law, he should know that if he needs to set a minimum amount he needs to announce it BEFORE the bidding starts, and not wait to see how much he can get for it before he starts mandating higher prices, but I didn't. I got it all on video, too. Debating whether or not I should report him or just let him be.
It's bad enough prices have gotten sky-high recently-- but now, in the words of Fred Sanford, we have "big dummies" to deal with!