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<p>[QUOTE=&quot;satootoko, post: 166231, member: 669&quot;]The size of the buyers fee (or the seller&#039;s fee for that matter) should only concern the seller.</p><p><br /></p><p>An experienced auction buyer set&#039;s a price limit for an item, then adjust&#039;s his/her maximum bid to stay within that limit after taking account of <u>all</u> fees.</p><p><br /></p><p>For example, let&#039;s say that I&#039;m willing to pay $500 for a particular coin.&nbsp; <ul> <li>The laws of the state where the auction is located require that I be assessed 5% sales tax.&nbsp; $500 is 105% of $476 and change, so my maximum bid will be reduced from $500 to $476.</li> <li>Shipping/handling is stated in the auction to be $10, so my maximum bid will be further reduced to $466.</li> <li>There is a 15% buyer&#039;s fee, and $466 is 115% of $405 and change, so my maximum bid will be $405.</li> </ul><p></p><p>If I win the auction at my max, I will be charged $405, plus a Buyer&#039;s fee of $60.75, S/H of $10, and sales tax of $23.29, for a total expenditure of $499.04.&nbsp; (If I make the effort to figure everything precisely instead of rounding off, I can make a bid that will result in an exact expense of $500, but it probably isn&#039;t worth the effort.)</p><p><br /></p><p>An online auction is an online auction, whether done by EBay, Superior, or anyone else.&nbsp; Bidders may either bid a specific amount, which will show up as the high bid if it is; or they may bid a conditional maxiumum.&nbsp; Read the rules of each on-line auction to learn what incrememntal bids will be posted.&nbsp; A conditional bidder whose bid is the highest outstanding one will show up as having bid one increment more than the second highest person.&nbsp; When someone else bids over the visible high, he/she will either become the high bidder, or the conditional bidder&#039;s visible bid will be increased to one increment over that of the new player.&nbsp; And so it goes, until the end.</p><p><br /></p><p>When bidding in an on-line auction it is important to determine whether there will be any live bidding, and if so whether ties between internet bidders and live bidders will go to the internet bidder or the live bidder.&nbsp; Most auctions are structured to favor the live bidder, who is in a position to quickly respond to any other bids, and up them if so inclined, while the inherent delays in posting an internet bid disadvantage the electronic bidder.&nbsp; I&#039;ve been outbid by a single increment in half a dozen or so live/internet auctions for every lot that I have successfully bid in. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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