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can someone guide me totally on auctions

Seller pays auction fees, roughly .5 ped + 5% of markup
 
Its a one time fee.

When you place an item in auction it costs 50 pec no matter what. If you sell or list the item with a markup it will cost you 5% of the markup with a maximum 100 PED fee as far as I remember.

The buyer will only pay a fee when placing an order. Ive never placed an order before but I think the fee is similar to the sellers fee.

EDIT: It costs 1 PED per day for the order.


Take a look at this guide:
http://rp.apachenet.de/downloads/Entropia_Guide.pdf
 
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When listing an item for sale you must pay at least .5 ped, if you make the starting bid TT then you do not pay more than .5, once the item sells the peds for the sale are added to your ped card, 5% of the price which exceeds TT (markup) will be taken from the peds before you get them added to your ped card.

If you list an item and the starting bid is above TT then you pay .5 + 5% of the markup for the starting bid, once the item sells, any markup higher than the starting bid still has a fee of 5% which is taken out of the sale price before you get your peds.

Example:

Selling 1000 ME on auction:
Starting bid 10 ped = initial fee of .50 ped, final sale price 17 ped, (7 ped markup, 5% of that is .35 ped), you will get back 16.65 ped after the sale.

Starting bid 17 ped = initial fee of .5 + .35, final sale price 17 ped, you will get back 17 ped after the sale (you paid the fee upfront)

Starting bid 17 ped = inital fee of .5 + .35, final sale price 18 ped, you still have to pay .05 ped for the extra ped markup, you get back 17.95
 
sob said:
When you place an item in auction it costs 5 pec no matter what...
Click to expand...
he means 50pec;)

you can determine how long the auction will last, min 1 day, max 7 days.

also you can choose to add a buyout... when the auction time ends, the item goes to the highest bidder, if nobody bids on your item it will go back to you and you only loose the fee you payed. if someone bids the buyout, he will get the item without having to wait for the auction to end.

bidding is simple, you choose how much peds you wanna bid (mast be equal to the starting bid or higher than the last bid)... if someone bids more than you, your peds will go back to you and you loose nothing.
 
sob said:
Its a one time fee.

When you place an item in auction it costs 5 pec no matter what. If you sell or list the item with a markup it will cost you 5% of the markup with a maximum 100 PED fee as far as I remember.

The buyer will only pay a fee when placing an order. Ive never placed an order before but I think the fee is similar to the sellers fee.
Click to expand...

Order fee is based only on the duration 1 PED for 1 day. 2 ped for 2 days etc. But for normal auctions time doesn`t influence sellers fee.

As CyberPunk told: when you are selling an item you pay 50 PECS (0.5 peds) + some % of the markup. % is taken from startbid (when you put the item in auc) and from price it was sold (if the end bid is higher than startbid you will be charged additionally).

50 pecs or 0.5 ped is the base auction fee that is taken from all items the same at TT+0 or 100% (no markup at all just tt value).
 
sob said:
5% of the markup with a maximum 100 PED fee
Click to expand...

Yes there is a cap.

As markup increases the fee % decreases, this formula is best I am aware of to determine actual fee:

Auction fee (in peds) = 0.50 peds + Markup (in peds) * 99.5 / (1990 + Markup (in peds))
 
Additionally, the calculation for taxes at shops is

Shop Tax = (Markup * 49.75 / (1990 + Markup))

so, it's really cheaper to buy/sell via shops if you can do so. As markup goes higher and higher, the difference between the price you as a seller pays on auctions vs shops goes up substantially - almost to 50% more, but not quite.


Code: 
Markup - Auction Fee						
0 PED - 0.5 PED			Markup		Taxes on shops	tax markup / auction markup
5 PED - 0.74 PED		+5	 	0.12 		0.162162162
10 PED - 0.99 PED		+10	 	0.25 		0.252525253
20 PED - 1.49 PED		+20	 	0.50 		0.33557047
30 PED - 1.97 PED		+30		 0.74 		0.375634518
50 PED - 2.93 PED		+50	 	1.22 		0.416382253
70 PED - 3.88 PED		+70	 	1.69 		0.43556701
100 PED - 5.26 PED		+100		 2.38 		0.452471483
150 PED - 7.47 PED		+150		 3.49 		0.467202142
200 PED - 9.58 PED		+200		 4.54 		0.473903967
300 PED - 13.53 PED		+300		 6.52 		0.481892092
400 PED - 17.15 PED		+400		 8.33 		0.485714286
500 PED - 20.47 PED		+500		 9.99 		0.488031265
700 PED - 26.39 PED		+700		 12.95 		0.49071618
1,000 PED - 33.77 PED		+1000		 16.64 		0.49274504
1,500 PED - 43.26 PED		+1500		 21.38 		0.494220989
2,000 PED - 50.37 PED		+2000		 24.94 		0.495135994
3,000 PED - 60.31 PED		+3000		 29.91 		0.495937655
5,000 PED - 71.67 PED		+5000		 35.59 		0.496581554
7,000 PED - 77.97 PED		+7000		 38.74 		0.496857766
10,000 PED - 83.48 PED		+10000		 41.49 		0.497005271
20,000 PED - 90.99 PED		+20000	 	45.25 		0.497307396
100,000 PED - 98.05 PED		+100000	 	48.78 		0.497501275
9,999,999 PED - 99.98 PED 	+9999999	 49.74 		0.4974995

As far as bidding goes... it costs you what you pay. If an item is listed at tt+0, it will cost you TT price if you win that bid (unless it's a rounding error and tt+.01 shows up as +0 since auction markup is based on full peds, not small fractions). It's likely that most items that have a +0 bid as start price will eventually have more than one bid since most stuff has market value higher than TT value, but on occassion, it is possible to pay TT prices on auctions. If that does happen, the seller takes a loss since they paid auction fee but got no markup out of doing so, and essentially gave away their item for free... but worse than free since they paid auction fee... in rare cases where that happens, it would have actually been better for the seller to sell the item to the trade terminal instead of via the auction.

Every time a new bid is placed, markup on item in auction will go up a full ped, not a fraction... You cannot increment by pec, only by ped, at least at this point in time.
 
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so i start selling by pAYING 0.5 ped.

if tt start = no more fee

if markup start = 5%

if sold at even more markup, add 5%


and all this while + 1 ped per day?


wow this is expensive...
 
leobox1 said:
so i start selling by pAYING 0.5 ped.

if tt start = no more fee

if markup start = 5%

if sold at even more markup, add 5%


and all this while + 1 ped per day?


wow this is expensive...
Click to expand...

No there is no +1 ped per day fee, that is for auction orders. Until you have more experience with EU, ignore that orders were even mentioned.

Seems like you understand the rest.
 
how much your time is worth? i mean you can stand a whoke day in twins shouting your merchandise or pay 1 ped to auction to do it for you?
:D
 
leobox1 said:
ty ty


p/s adding buy out or cancel aunctions.. do i need to pay?

lol
Click to expand...

There is no additional cost for adding buyouts.

If you cancel an auction you're only cost is what you paid to list it, you do not have to pay more to cancel it. You may not cancel an auction if someone has already made a bid.
 
IF you sell an item there is the TT value of that item given to you when you right click it in your inventory. Say for example a weapon 100 ped TT.

IF you look down bottom right of that info panel while checking TT value you will find the market value button...clicking that gives you an idea what that item goes for ..but not perfect ..just a rough clue.

When this item has a markup worth talking about and you put it in auction you should decide if you think it will reach the level you want (fair market price) or has a chance of going way too cheap....that's what the startbid is, it's a reserve price that if not reached will prevent your item being sold for TT.

You pay the auction fee either way, with or without startbid, with start it's up front mainly though.

Buyout is a price that you are prepared to take for it instantly, there's no fee adding this except for the auction fees already mentioned...people looking to do something NOW often are prepared to pay a little more to get it NOW. If you happen to have a rare item at that time in auction then the chance of someone paying more to get it for certain are higher, also it's handy if you're the one needing fast peds if you set BO lowish. Some people set orders in auction, in the example of this weapon worth 100 ped...I could need one, set an order saying for 3 days I'd buy any that appear with BO less than 105 ped ...if you're BO is 104 it sells instantly. USually orders are set low in the hope of a cheap deal...you can see them by clicking the ORDERS button in auction categories.

Try not to sell small amounts in auction...the auction fee will make it look expensive, and fewer people will want to buy.

IF you have trouble deciding % for start and buyout entering something in auction, look at the top left side as you place an item in there, as you alter the prices those two %ages are changed with it so you can set them about where you need to without doing any maths.

Get a cheap item, a skin or your opalo or anything ...and play with setting up auctions, just don't complete the sale, and if you do cancel it immediately.
You can also put your peds in storage so you can't afford the fee and be totally safe from errors that way.
It's easy to get the hang of if you have a play around like most things, all buy the knowing of the right price to set which is a bit of art and luck...and timing to and when people are around of course ;)

People have made really expensive and silly mistakes in auction...so it's worth asking and knowing how it works as well as possible. IF you still can't get something gimme a PM and I'll give you a hand ingame ..I took a while getting it too at first :silly2:

t
 
timmmers said:
People have made really expensive and silly mistakes in auction...so it's worth asking and knowing how it works as well as possible.
t
Click to expand...

I have gotten something at 75% markup before, it was buyout too.
And always watch for those items listed at below tt value. If it's not very much, for example, 90 animal hides at 0.90 PEDs, take it. I doubt anybody would pay 1.90 PEDs for it, so you earned 10pec even if you sell to the TT.
 
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