Estimate an Auction Item's Value

Auction Item Value Estimator. Image generated by AI

The Auction Item Value Estimator calculates the maximum bid you should place for an auction item based on its market value, condition, buyer's premium, and tax rate. This tool ensures you avoid overpaying by providing a precise maximum bid calculation.


Auction Item Value Estimator


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Calculator

  1. enter the estimated market value of the item
  2. the condition of the item as a percentage
  3. the buyer's premium percentage charged by the auction house
  4. enter the applicable tax rate if relevant (leave blank if no tax applies)

Results

  1. the adjusted market value of the item
  2. the maximum bid amount you should place

Example Calculation
Market Value: $1,000
Condition Rating: 80%
Buyer's Premium: 15%
Tax Rate: 8%
Calculation:
Adjusted Market Value = $1,000 * 0.8 = $800
Maximum Bid = $800 ÷ (1 + 0.15 + 0.08) = $800 ÷ 1.23 = $650.41
Results
Adjusted Market Value: $800.00
Maximum Bid: $650.41

This calculator is ideal for auction participants to make informed decisions and avoid exceeding an item's fair value.

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