Commission differences

Question

What is the difference in commission on apiece of jewelry that has a staring  asking price of  $1.00 and a starting asking price of $2,500 on an item that sells $5,000.?

gosimus · Accepted Answer

@darabbitt  < commission on apiece of jewelry  ... that sells $5,000.? >    The Final Value Fee is based on the selling price.  The starting price is irrelevant.  If you sell the item of jewelry for $5000 your FVF is 15% of the selling amount, i.e., $750.  If you can squeeze another dollar out of the buyer, for $5001 and up the FVF is 9% of the selling amount.  That's if you list in the appropriate jewelry category; there's another jew...