Determining draft order

So I have an idea for determining draft order this year. 12 team snake draft. You would essentially pick a number 1-12 out of a hat and then auction off that draft position. Let me know what you all think.

So say each draft position opened at a bid of $10 and everyone gets a fair shot to bid as high as they want for that draft spot and then whatever pick comes up last that person has to pay $20 or double the opening bid for that pick (that way the cheapskates wouldn’t just wait everyone out and not have to pay as much).

ive never liked the idea of money being able to buy you an advantage over another owner.