 The sales proceeds had to cover the amortisation and servicing of the debts; a share for the Holy See, for allowing this exploitation of the believers; the expenditure paid from the Hohenzollerns own pockets; and the charges involved with the sales.The neighbouring Electorate of Saxony also bid for the See of Mainz, but failed to secure it.The Saxon elector Frederick the Wise had debts of his own as a result, but no see to show for it and no privilege to sell indulgences to recover his expenditures.