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Thread: New auction fee

  1. #1
    Hatchling
    Joined
    Jan 20 2013
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    New auction fee

    Hi.

    I noticed some days ago that the auction fees have been lowered.
    For the estates, it has been reduced up to 90%, and for the rest up to 25% (for the highers markups).

    Old Formula was:
    Auction Fee = (0.5 + Markup * 99.5 / (1990 + Markup))

    I found that for non-estates, it's now something like:
    Auction Fee = (0.5 + Markup * 74.63 / (1493 + Markup))

    But it seems accurate only up to a markup of 60,000 PED.

    Did someone know the real formula?
    Last edited by guicres; 01-20-2013 at 18:46. Reason: precision

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  3. #2
    Moderator
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    Australia
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    Quote Originally Posted by guicres View Post
    Hi.

    I noticed some days ago that the auction fees have been lowered.
    For the estates, it has been reduced up to 90%, and for the rest up to 25% (for the highers markups).

    Old Formula was:
    Auction Fee = (0.5 + Markup * 99.5 / (1990 + Markup))

    I found that for non-estates, it's now something like:
    Auction Fee = (0.5 + Markup * 74.63 / (1493 + Markup))

    But it seems accurate only up to a markup of 60,000 PED.

    Did someone know the real formula?
    The new formula is:
    Auction Fee = (0.5 + Markup * 74.625 / (1425 + Markup))

  4. #3

  5. #4
    Hatchling
    Joined
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    Quote Originally Posted by Serica View Post
    The new formula is:
    Auction Fee = (0.5 + Markup * 74.625 / (1425 + Markup))
    It does not work for me... Maybe we don't calculate the markup the same way.
    For me, Markup = selling price - TT value

    Am I wrong?

  6. #5
    Hatchling
    Joined
    Jan 20 2013
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    Auction Fee = 0.5 + Markup * 74.625 / (1492.5 + Markup)

    And for the estates:
    Auction Fee = 0.5 + Markup * 9.95 / (199 + Markup)

    Thank you!
    Last edited by guicres; 01-21-2013 at 01:52.

  7. #6
    Hatchling
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    Jan 20 2013
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    Even if individuals are fallible, the mind cloud finds the truth.

  8. #7
    Moderator
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    Quote Originally Posted by guicres View Post
    It does not work for me... Maybe we don't calculate the markup the same way.
    For me, Markup = selling price - TT value

    Am I wrong?
    Ah, I was using jdegre's formula from here: http://www.planetcalypsoforum.com/fo...=1#post3033737

    But looks like I hit the wrong key when solving for the (1990*0.75) bit. Sorry about that

  9. #8
    Young
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    Aurora, CO
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    Sorry to necro a relatively old thread, but I couldn't find anything more recent. And sorry if this is a dumb question ... as a Noob, I'm authorized to ask those .

    I was under the impression that the auction fee was based on the minimum bid of the auction ... but the formula below doesn't use anything related to the price of the item, it just uses the Markup (which as I understand it is a percentage = recent average sale prices compared to TT value).

    Or is this formula for the auction fee of a successful sale? And if so, how does this auction fee relate to the fee that is paid when you list the item (and as far as I know is paid regardless of whether the item sells).

    Can someone provide a concrete example (using at least a hypothetical item, it's TT value, the markup, fees paid before sale and after sale, etc) of how this formula (or some other formula) would be used to calculate costs of selling something on the Auction House?

    Thanks

    Quote Originally Posted by Serica View Post
    The new formula is:
    Auction Fee = (0.5 + Markup * 74.625 / (1425 + Markup))

  10. #9
    Hatchling
    Joined
    Jan 20 2013
    Posts
    6
    What we call Markup here is the difference between the TT value and the price the item is sold.
    When you put an item at auction, you pay the fee based on the opening bid you have choosen.
    If the item is sold for an higher price, the fee is calculated based on this new amount, and you pay the difference.

    example:
    You put at auction an item with a TT value of 10 PED, with an opening bid of 12 PED.
    The Markup is 2 PED, and the fee:
    0.5 + 2 * 74.625 / (1492.5 + 2) = 0.59986... rounded to 0.59 PED.

    The item is eventually sold for 15 PED.
    The new Markup is 5 PED, and the new fee:
    0.5 + 5 * 74.625 / (1492.5 + 5) = 0.74916... rounded to 0.74 PED.

    You have already paid 0.59, so you have to pay: 0.74 - 0.59 = 0.15 PED.
    You will receive 15 - 0.15 = 14.85 PED from the sale.

    If the item is not sold, you don't retrieve your 0.59 PED...

  11. #10
    Young
    Joined
    Aug 25 2013
    Location
    Aurora, CO
    Posts
    11

    Talking

    Exactly what I needed to understand how it works ... thanks

  12. 12-20-2016, 03:19


 

 

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