Official Blog of the Tophatter Auction House
Starting tomorrow, Thursday May 31, we’re replacing the fee structure in Artisan Jewelry auctions. We will charge a flat fee of $2.50 for every item in the auction & no percentage commission for sales. The flat fee will apply if your item goes up on the block either by being advanced from standby or if you preschedule into the auction. If your item doesn’t advance from standby, there is no fee.
Why?
1. We want to promote higher prices for sellers, particularly in this category. A flat fee rewards the best items. If your item sells for more than $25, you will only owe the $2.50 fee, so the higher price you sell for, the less percentage commission you will owe.
2. The fee should reduce the demand for the few prescheduled slots available, thereby making it easier for those sellers that want a spot to pay for one. Anyone can still post in standby for free where they will only owe the flat fee if the item advances.
Of course, if you expect your item will sell for less than $25, the flat fee will still be $2.50, so will be more than 10% - you should consider that when creating your listing and setting your minimum bid.
