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What are the Actual Costs Relating to Participation in a Penny Auction?

April 26, 2017actual auction costs participation penny relating

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What are the Actual Costs Relating to Participation in a Penny Auction?

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The actual cost of winning an auction is the combination of the number of bids placed in order to win a particular item plus the final auction price. For example, if you placed 30 bids into an auction, each bid costing $0.75, your cost, related to the bidding process is $22.50. If you won the auction for a final auction price of $1.00, the total auction cost is $23.50. All shipping & handling fees and applicable taxes will be applied in addition to the bidding cost.