Ebay No Reserve and Set Opening Prices

["RJS_CPA" <RJS_CPA@email.msn.com>]

Sometimes on higher end pieces on ebay, and currently with the $20,000 TR6,
the seller indicates no reserve, yet there is an established opening price
of $20,000?  There are no bidders.  Ebay will not accept a price lower than
the established opening price, so I guess this no reserve TR6 has a reserve
of $20,000.

Is this correct?

Thanks.