Check the 'fine print'....... I just won a bid on an auction " Entertainment Memorabilia Auction"..( World-wide auction)
My winning bid was $300. With 'buyers premium" / $375, I paid total.
I also submitted an item to auction ( movie props).... Someone won at the reserve price, and the Prop Store gets 15% on top of that....
During the auction, there was a "screen-matched" Star Wars used "X-Wing Fighter" ( 18" long model used at ILM for filming)..
estimated between $500,000 - $1,000,000. Winning bid was $1,900,000, but with buyers premium, the winner paid $2,300,000.
So if you bid on that site, they put a hold on your credit card for 5% of the listing price, then release it when the suction is over if you don’t win. I wonder how long it takes that hold to release? If it’s anything like any other time I have had a hold on my card, it might take a week or more. I don’t like that. eBay motors doesn’t do that.