Auction
From Derbyfever.com Wiki
Players may buy and sell horses at a weekly Sim auction. The auction features proxy bidding (similar to ebay's system), an option to set reserve prices, and varying auction closing times. Sim dollars are the currency used at the Sim auction.
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Auction timeline
The auction runs weekly. After the Sunday update completes, the auction opens for players to put horses up for sale and players may begin to bid on horses they wish to acquire. Sellers may continue to place horses in the auction until the close of weekly entries on Wednesday. Each horse's sale time will close (the auction for that horse will end) at a random time determined by the game sometime between Thursday and Saturday. Players must place bids by the time aech horse's sale period ends in order to qualify to win.
Selling at auction
Setting the opening and/or reserve price
Taxes
Sellers are charged a flat 15% tax on sale profits. A horse that sells for sim$1million will net the seller sim$850,000. A horse that sells for sim$100 will net the seller sim$85.
