Thinking about auctions, the one making the money is the auction house. Look at livestock auctions, cattle selling for over $3 a pound. Not too long ago (2022) choice steers were bring $1.30- 1.45.
No matter what the selling price the house gets the same percentage and has the same help, same facilities, same time required to sell!
No matter what the selling price the house gets the same percentage and has the same help, same facilities, same time required to sell!