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| Introduction
| The central public auction is available through a data-link network available in most cities and towns on Calypso. Access to this network is controlled by the AUCTIONEER NPC; a humanoid droid whose sole purpose is to administer access to the public auction. These droids are easily recognized by their brown suits and yellow shirts, and are often located within the mobile service centers in cities and towns.
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Accessing the Auction
|  The public auction is accessed by right clicking on the AUCTIONEER NPC. A data-link connection is established and the main auction panel is displayed on your screen. The default auction view is the LAST CALLS page. These are the auction items that are closest to expiring. |
Reading the Auction Information
|  The main auction panel contains the following information:
On the left are the auction display filters and categories. Click LATEST OFFERS to view the latest items placed on the auction. Click BROWSE to view item categories.
The main section displays a list of items available in each category. It also includes an overview of important auction information like quantity available, value, buyout price and the auction time remaining for each item.
The lower area of the main auction panel contains buttons that allow you to SELL, REMOVE, VIEW items on the auction. HELP and EXIT options are also included.
By highlighting an item in the auction list and clicking VIEW you can access an image and detailed information for that item. By right clicking the image you can open the ITEM INFO panel and review full details for that item including its value, weight, condition and other important information.
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Market Value
|  The Market Value history of all items sold on the Entropia Universe auction is available by pressing the MARKET VALUE icon available from the ACTION LIBRARY and the ITEM INFO panel. |
 By pressing the MARKET VALUE icon for an item, you will be presented with summary data directly from the official Entropia Universe auction. Summary data includes the number of Sales during a given Period and the average Markup price received. Markup is defined as the difference between and items TT value and its final sale price.
By pressing the purple graph buttons on the right side of the data summary panel, you can open detailed history graphs for each time Period. These history graphs also allow you to hide/display a variety of different data including graph lines and trends.
The market value is based on all auction sales, including buyouts. Auctions where
no bid was placed are not included. Data from street sales and shops is not included. Sales of stackable items (hides, minerals etc.) are weighted by their amount. The market value is not adjusted in any way (unique high value sales are included).
There can be no absolute market value. There are many different ways of calculating such a figure using different formulas. The history graphs allow you to display market value history and trends over different periods. By analysing these graphs it is possible to make your own judgements about market value.
This information is a very valuable tool for all
serious traders on Calypso. |
Buying Items at the Auction
|  Once you've found an item you're interested in:
Highlight it in the main auction list and press VIEW.
Review detailed information about the item by right clicking on the image and reading the ITEM INFO.
Review the auction offer details including its value, opening bid, buyout bid etc. If you are satisfied you can now proceed and place a bid.
Drag your PED CARD into the section marked PLACE BID.
Use the arrows to determine how much you wish to bid for the item. Press ACCEPT and confirm that you wish to place the bid. Your bid is now registered.
By paying the BUYOUT BID directly you will not have to wait for the auction to expire and the item will be yours instantly.
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Selling Items at the Auction
|  To sell an item at the auction:
Click the SELL button on the main auction panel.
Drag the item you wish to sell from your INVENTORY on the right into the section marked PLACE YOUR ITEM HERE.
Set how many days you wish the item to remain at the auction using the DURATION arrows.
Set the OPENING BID using the arrows.
Choose to set a BUYOUT BID and its price.
Press ACCEPT and then confirm that you really want to sell the item and that you accept the auction fee (see Auction Fees & Commissions).
Your item is now added to the public auction on Calypso. |
Auction Procurement Orders
|  A procurement order can also be placed in the public auction. By placing this type of order you can attempt to buy a bulk amount from several different sellers at a set price. A procurement order also works for a single item not currently available at the auction. To place a procurement order:
Browse the auction categories and find the item you wish to place an order for.
Click the ORDERS button. This will display a list of all existing orders for this item.
Click the PLACE button to place your own order.
Choose the item you wish to place an order for from the list on the left.
Fill in the PRICE PER UNIT, QUANTITY and number of VALID DAYS for your order on this item.
Press ACCEPT and confirm the auction fee for placing the procurement order (see Auction Fees & Commissions).
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Auction Fees & Commissions
|  A Procurement Order Fee of 1 PED is charged for every day you wish your order to remain on the Auction. This fee is paid up-front when creating the order.
Placing an item on the Auction involves two combined charges: the Base Fee and the Regressive Markup Commission.
The Base Fee: A Base Fee of 0.5 PED is charged when placing any item on the Auction. This is a one-time fee paid up-front when placing any item on the Auction.
The Regressive Markup Commission: This commission is paid on the difference between the Opening Bid and the item's TT value (the Markup). The commission begins at 5% but gradually decreases as the Markup value increases (a Regressive Commission). Complicated as it might seem, it actually ensures that items with large Markup values don't end up paying ridiculously high commissions. In fact, a maximum commission ceiling of 100 PED is in effect. The graph above shows the Commission Percentage versus Markup Value.
The Regressive Markup Commission is paid up-front with the Base Fee when placing an item on the Auction. Remember, the commission is based on the difference between the Opening Bid and the TT value. If you want to keep the initial commission low - keep the Opening Bid low.
When an item is finally sold at Auction, the Regressive Markup Commission is again calculated on the difference between the final Sale Price and the TT value. The original commission you paid to place the item on the Auction is deducted and the remainder is charged against the final Sale Price.
Examples of Auction Fees when placing an items on Auction:
Markup___________Fee(base + commission)
0 PED____________0.5 PED
1 PED____________0.549 PED
10 PED___________0.997 PED
100 PED__________5.260 PED
Example:
You would like to sell your old pistol which has a TRADE TERMINAL value of 5 PED. You set the OPENING BID to 105 PED. To place the item at the auction it costs you:
Base Fee + markup commission = 0.5 + markup commission on 100 PED = 5.26 PED to place item on auction.
The final SALE PRICE for the pistol was 205 PED.
Additional Markup commission -> Total Markup Commission - Commission already paid = 4.33 PED
Once your item is sold you will receive a message stating,"Your item was sold at auction for 205 PED. Your account has been updated with 200.67 PED." |
| Support |
If you have any further questions about the auction on Calypso please read the Auction FAQ.
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