auction fee question

kittykali

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little kittykali jr
IF i read corectly there are two fees you pay when put an item on auction. One fee when you put it and another one when you sell the item for higher than opening price.
My questionis next: If i have an item put on auction at say 110% with BuyOut of 200% and another put on 200% BidStart and BidOut and both items will be sold out by BuyOut, the fee i have to pay for that is equal in both cases or not?
 
equal in both cases.
just in first case you will pay it some making the sale and the rest when it is sold.
in second case you will pay all fee infront.
 
The total fees will be the same in both cases.

In the second case where you have startbid and buyout both on 200% you just pay all the fee's "up front", when you put the item in auction, while in the case with the lower startbid, you pay the remaining fee's when the item is sold for a price higher then start bid.

Hope this explains it?

Edit: Axe beat me to it ;) Sheesh!
 
thank you. that was very good explanation, from both of you. now i have 1 less thing to find about entropia universe.
 
edit... update on auction formula:
https://www.planetcalypsoforum.com/forum/entropia-economy/205161-new-auction-fee.html#post2593244
Old Formula was:
Auction Fee = (0.5 + Markup * 99.5 / (1990 + Markup))

New Formula:
Auction Fee = (0.5 + Markup * 74.63 / (1493 + Markup))



--------------
If the numbers have not changed recently...
Below is a breakdown of auction fees for quick reference

Markup - Auction Fee
0 PED - 0.5 PED
5 PED - 0.74 PED
10 PED - 0.99 PED
20 PED - 1.49 PED
30 PED - 1.97 PED
50 PED - 2.93 PED
70 PED - 3.88 PED
100 PED - 5.26 PED
150 PED - 7.47 PED
200 PED - 9.58 PED
300 PED - 13.53 PED
400 PED - 17.15 PED
500 PED - 20.47 PED
700 PED - 26.39 PED
1,000 PED - 33.77 PED
1,500 PED - 43.26 PED
2,000 PED - 50.37 PED
3,000 PED - 60.31 PED
5,000 PED - 71.67 PED
7,000 PED - 77.97 PED
10,000 PED - 83.48 PED
20,000 PED - 90.99 PED
100,000 PED - 98.05 PED
9,999,999 PED - 99.98 PED


Here's the Exact formulas:

Auction Fee/Commission = (0.5 + Markup * 99.5 / (1990 + Markup))

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


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

So as you start out at +1 Shops save you roughly 16% as a shop owner vs being an auction seller... As that number grows you start to approach 50% savings, but never quite make a full 50% savings. If these calculations are right, it just goes to show that MA|Planet Partner gets about 2x more out of it's cut of auction sales than Land Owners get ouf of shop taxes, and shows that it's cheaper, in the long run, for shop owners to sell in shops than in auction, assuming they can get regular repeat customers.... which isn't as easy to do as it might sound.

Also, if you have a shopkeeper, the sk will decay .10 per sale, so that's an additional cost to keep in mind if you run a shop or buy from a shop. However, the taxes + sk decay is still less then the auction fee...

Guess since I'm posting all of this...

Here's the tier formula too...


Oh, and for those that think the auction fee feeds the lootpool...
https://www.planetcalypsoforum.com/...-Decay-and-Fee-s-only-source-of-income-for-MA

more specifically
I think this is pretty much answered in the affiliate program docs.

What is interesting is that some amount (possibly all) of auction and shop fees goes to MA+PP, and not "loot pool". But really, next island investor slide show already said that :silly2:

Nice find...

How does it work ?
So, how does an affiliate program look like on a game concept that's basically free, with no download fee or monthly subscription fees ? How does the operator actually earn money ?

Each tool, weapon, clothes, basically everything a player can utilize has a specific basic value. This base decreases by a certain preset amount every time an object is used until it reaches almost zero value and has to be "repaired".

The correlating amount of the in-game currency PED and therefor 10:1 US-Dollars of what the item decays gets distributed 50:50 between Mindark PE AB as operator of the Entropia Universe and the planet partner where the participant has the account registered and pursuing its activities, in our case First Planet Company and Planet Calypso.

Another source of income are fees and commissions attached to the in-game auction and player's shops. Every sale on the auction and shops produces a sales commission that also gets shared 50:50 between Mindark and the Planet Partner.
Now it may be that PP and MA don't take too big of a chunk of those auction fees, but it's impossible to know since the numbers which would show that % if it is not 100% has never been released. I assume the 50:50 in the shops is for shops that are not on LAs owned by participants, like the malls, etc.

The reason for that is that the answer to a support ticket I sent in a while back indicated that tax fees on places like Omegaton, Sakura, etc. that don't have a particular LA owner goes to the planet partner. For the longest time before that clarification many thought those taxes went to lootpool too... since they don't, it seems fairly obvious that auction fees don't unless there is some sort of clarification given that proves that.

As an owner of a shop and booth in Omegaton, I wonder where taxes on my shops are going. Normal LAs and Malls have participant owners that collect the Taxes. Omegaton, Genesis, and Sakura seem to have no LA owner or main estate terminal for the entire LA. Therefore, I'd like to know, where the heck are taxes collected from shops in Sakura, Genesis, and Omegaton going? If it's going back in to the loot pool, is there any way you can prove it? If it's going to Mind Ark or FPC, why? It seems a bit like taxation without any form of representation since there's no LA owner to talk to like there is with other shops on other LAs, malls, etc. If you can collect the taxes together, similar to the way ammo is collected in events to give to the winner of an event as a prize, maybe you can do similar with shop owners in game or maybe collect it for something for estate owners in the cities to vote on how it will be utilized in a voting booth or something, making the community stronger?

Hi,

Thank you for your patience regarding this issue. Please accept my apology for the delayed reply.

I have been informed that in such cases MindArk and / or Planet Calypso are the owners in such cases and therefore receive the tax fees.

Kind regards,

Leslie | Planet Calypso Support

linked to this post in my visitor messages in case anyone wants to come back here for the formulas later.

======edit=====
The shopkeeper decay formula used to be different then .10 per sale. According to entropedia, the old formula for sk was:

The decay of a Shopkeeper seem to vary slightly but averages at 38,5 pec for every purchase made. This is important knowledge when selling cheap items! Also the shopkeeper decays 1 pec every time you add an item, and additional 1 pec for every item "cleared" from the inventory. The "Clear all" button on the shopkeeper is rather expensive to use then, but can be avoided if you just drag and drop items back from the shopkeeper to your personal inventory. This action does not bring decay.

The decay from adding and removing items was taken away and the .10 per sale decay was put in there at the same time I think, but I'm not sure which vu caused that to change since it was a vu prior to the time I became an estate owner. In both shops/booths and shopkeepers the owner can change prices on the pec level, but minimum markup on either is +1 ped so that minimum tax collection per sale is .02 per sale for the LA owner and/or Planet Partner/MA if there is no actual LA that the shop/shopkeeper sits on such as at Genesis, Omegaton, Sakura, etc.

Might add more links to this post over time, etc.

https://www.planetcalypsoforum.com/...c-Estate-Guide&p=588154&viewfull=1#post588154

https://www.planetcalypsoforum.com/...hop-tutorial&p=2910414&viewfull=1#post2910414
 
Last edited:
thank you mastermesh for posting so much info. i had read most of them here in this forum. As regarding shopkeepers i thinks there are 2 little problems: somewhere i read that is a bug with them and second (and the biggest problem of all) i don't have enough peds to afford one. At least not yet.
 
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