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Revenue
 6 Months Ended
Jun. 30, 2023
Revenue.  
Revenue

7.    Revenue

The Company’s revenue from the rendering of services and the sale of inventory is as follows:

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Three months ended

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Six months ended

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June 30, 

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June 30, 

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2023

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2022

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2023

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2022

Commissions

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$

233.3

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$

136.4

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$

363.8

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$

252.8

Buyer fees

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465.1

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87.0

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604.6

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162.6

Marketplace services revenue

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107.7

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63.1

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181.2

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116.0

Total service revenue

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806.1

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286.5

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1,149.6

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531.4

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Inventory sales revenue

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300.4

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198.0

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469.3

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347.1

Total revenue

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$

1,106.5

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$

484.5

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$

1,618.9

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$

878.5

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Commissions are earned from consignors on the sale of consigned assets at auctions and online marketplaces, and private brokerage services. Buyer fees are fees earned from the purchasers on the sale of consigned assets or from the sale of inventory at auctions and online marketplaces, and from private brokerage services. Marketplace services revenue includes fees earned from services provided to customers in marketplaces such as refurbishing, parts, data, transportation and logistics, inspection, appraisal, listings, financing and title and liens processing, as well as other auction-related fees.