General terminology and calculations

Modified on Fri, 5 Jul at 9:17 AM

The following terms are used across the platform:


Total Revenue

The total sold price of a lot.

Calculation: TotalRevenue = (PricePerUnit * LotWeight)



Total Reserve

The total reserve price of a lot.

This value is not calculated and needs to be provided by your platform's administrator.



Total Achievement

The percentage difference between total reserve price and total revenue. A negative value means that the lot was sold below the reserve price.

Calculation: TotalAchievement = (TotalRevenue - TotalReserve) / TotalReserve



Overall Revenue per Unit

The sold price per unit of a lot. When the value is calculated for the event, the calculation is done for the overall revenue and the overall lot weights, and not individually per lot.

Calculation: OverallRevenuePerUnit = TotalRevenue / LotWeight



Overall Reserve per Unit

The reserve price per unit of a lot. When the value is calculated for the event, the calculation is done for the overall reserve and the overall lot weights, and not individually per lot.

Calculation: OverallReservePerUnit = TotalReserve / LotWeight



Overall Achievement per Unit

The percentage difference between overall reserve price and overall revenue.

Calculation: OverallAchievementPerUnit = (OverallRevenuePerUnit - OverallReservePerUnit) / OverallReservePerUnit


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