I believe that as Nounlets and Nouns we should start the auctions at 0.001eth
Pros:
- more people will participate
- more bidders = higher prices
- we put a bit of FOMO on everyone including us to bid more
- nounlets and nouns start auctions low but end at rational levels
Cons:
- some more people would join the Wizards DAO (but is it really a con?) :)