I just had to do the same thing, and had a completely different experience.
I sold our stuff on an auction site (TradeMe, the NZ EBay equivalent), with $1 reserve, and applied some of the lessons I've learned from lurking here.
My wife thought I was crazy. She was completely ready with the "I told you so". I argued that we didn't have time to relist it if it didn't sell at the reserve, so $1 it had to be!
Everything sold for more than I expected, dramatically so (frequently more than replacement cost). Even better, when people came to pick up their purchases, they were invariably _happy_ about it!
Going back, I compared my results with those of the same items on the site, my $1 item outsold them.
It helped that ads with pictures, $1 reserve and paid placement got preferential placement.
Things to do:
1) Put some effort into the copy.
2) Track down the user's guide.
3) Track down a product review.
4) Take pictures - Make sure they are in focus!
5) Show the label indicating model number clearly.
6) Answer all questions promptly.
7) If people ask for Buy Now price, decline. :)
8) Pay to be top of the results!
I also learned that 50% of the bids arrived in the last day.