[insidethewrapper]

Is this the way it works for the Auction Houses ? Assume 10% consignment fee and 20% buyers fee.
Item sells at $ 1000. Total to buyer would be $ 1200.
Buyer pays $ 1200, Seller (consigner ) gets $ 900 and Auction House gets $ 300 in this example.
Thanks , just want to know if I got this right.