I can’t understand the data on the Home Page banner, the new one which was included late last year with “New in last 24 hours” “Gross Auction value” etc etc and I wondered if it was correct..

The bit I can’t reconcile is the “Gross Auction value”. For example taking the current figure which shows “Gross auction value : £1,568,775,358.83”. Assuming that is a current total of all listing on eBid which internationally stands at 5,174,253 auctions then the average auction value works out at £303. If it refers only to UK auctions (3,949,461) then the average auction price is £397. Should it refer to the New Auctions in the last 24 hours (68,511 auctions) then the average auction value is £22898. All these figures seem very high.

So is this wrong or am I misunderstanding it? Or maybe its my arithmetic! Any ideas?