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Auction House has bad math.


Marshal_General
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Your total fees come in two parts.

 

The first part is always 5% of your listing price.  The total amount is always 10% of the price at which you sell it (which will always be equal to or probably higher than your list price.)

 

the second part, which is what you are observing in your post, is always a stub amount which is the difference between the total fees and your listing fee.

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So, you probably listed them both at 10M. 5% of 10M (listing fee) is 500k. When one sells for 10M, you pay the difference between 1M (10% of 10M) and what you already paid, or 500k.

 

When one sells for 11,111,111, the total cost should be 1,111,111, less the 500k you already paid... should be 611,111. So that seems a bit odd? It should be 10% of sale price, minus 5% of listing price.

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4 hours ago, Major_Decoy said:

Maybe the second one was listed at 8 million?

Forcing observations to fit theory? Seems legit.

"Sanity is a one-trick pony.

You only get one trick: Rational Thinking.

Ahh, but when you're good and crazy, the sky's the limit!"

-The Tick 

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5 hours ago, Mopery said:

Forcing observations to fit theory? Seems legit.

 

Major_Decoy is correct, it was listed at 8 million. Given the sale price and sale fee, it's simple to back-calculate the listing price and listing fee. In order, the calculations are:

 

List Fee = (Sale Price * 0.1) - Sale Fee

List Price = List Fee / 0.05

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17 hours ago, Marshal_General said:

I sold 2 enhancements.

The first one sold for !0,000,000 and I paid 500.000 which is 0.05 %

The second one sold for 11,111,111 and I paid 711,111 which is 0.0639%

 

I am under the impression that it is supposed to be 0.05% for all sales.

 

This is almost certainly a misunderstanding of the mechanics on your part - transaction fees total 10% of the final sale price, with 5% of the listing price taken upfront as the Listing Fee.

 

image.png.622427c90a337b8a678813b71ee4be49.png

 

9 hours ago, Major_Decoy said:

Maybe the second one was listed at 8 million?

 

This is what I worked out as well, and here's how it would've worked in both cases in the OP.

  1. You pay 5% of what you expect to sell the item for when you list it (minimum 5 inf).
    • IO 1 Listing Fee = 5% of 10,000,000 = 500,000
    • IO 2 Listing Fee = 5% of 8,000,000 = 400,000
  2. The transaction fees add up to a total of 10% of what you actually sold the item for when you receive the inf (1,111,111 being 10% of 11,111,111)
    • IO 1 Transaction Fee = 10% of 10,000,000 = 1,000,000. 
      • IO 1 Fee Payable = 1,000,000 - 500,000 = 500,000
    • IO 2 Transaction Fee = 10% of 11,111,111 = 1,111,111. 
      • IO 2 Fee Payable = 1,111,111 - 400,000 = 711,111

For an additional example, check the spoiler, where I sell an inspiration.

Spoiler

I list this Righteous Rage for 1,000 and pay 50 in listing fees...

image.png.ad5b5325f32e6075b9f871a146a68478.png

 

And it sold for 15,000, for a total fee of 1,500, of which I still need to pay 1,450 (1,500 -50).

image.png.d61e42ab55635075e30afac0ab6c8712.png


 

I hope this helps resolve any misunderstanding of the mechanics. 🙂

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6 hours ago, AboveTheChemist said:

 

Major_Decoy is correct, it was listed at 8 million. Given the sale price and sale fee, it's simple to back-calculate the listing price and listing fee. In order, the calculations are:

 

List Fee = (Sale Price * 0.1) - Sale Fee

List Price = List Fee / 0.05

Drats! Foiled by mathematics and reason once again!

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"Sanity is a one-trick pony.

You only get one trick: Rational Thinking.

Ahh, but when you're good and crazy, the sky's the limit!"

-The Tick 

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