How do I calculate auction fees?
An example of an AI chatbot conversation about calculating auction fees.
How do I calculate auction fees?
To calculate auction fees, you need to know the auction house's commission rate and any additional fees.
What is the typical commission rate for auction houses?
Typically, commission rates range from 5% to 25%, depending on the auction house and the item's value.
Are there any other fees I should be aware of?
Yes, there may be listing fees, buyer's premiums, and shipping costs to consider as well.
Can you give me an example calculation?
Sure! If an item sells for $1,000 with a 15% commission, the fee would be $150, plus any additional fees.
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