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<p>[QUOTE=&quot;IdesOfMarch01, post: 2931607, member: 39084&quot;]Conceptually, this is a pretty interesting idea.&nbsp; A 20% buyer&#039;s fee calculates to a 16 2/3% seller&#039;s fee on the hammer price.&nbsp; I wonder if any auction house (not just coins) has ever tried this?</p><p><br /></p><p>If I&#039;m a seller in this type of auction, I would need to set my reserve/minimum prices accordingly.&nbsp; E.g., if I have a coin that I believe is worth $100, then the reserve price is $120 since the auction house will take $20 of that final price.&nbsp; Would the opening/minimum prices reflect this by being increased?&nbsp; Lots of thoughts to ponder about this type of auction.</p><p><br /></p><p>It also occurs to me that if a bidder is bidding online, it would be pretty simple to create a gadget that calculates all the fees in the bidder&#039;s particular browser to show the fully loaded costs whenever the bidder enters a new bid.&nbsp; I wonder why no one has ever done this?[/QUOTE]</p><p><br /></p>

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