Auction House

Auction House
The Auction House is an automated way of buying and selling items with other players. Players can put items up for sale for up to three days. At the end of the auction, the item sells to the player who offered the highest gold amount for it, or returns to the seller if no one bid. Auction House prices and fees are unaffected by your Haggle skill or vendor reputation.

Items and gold gained from Auction House activity are sent to your character's mailbox. They are not delivered through the Auction House panel.

The Auction House interface has some unexpected limits. You can filter items by type and minimum level, but you cannot search for a specific item name. Clicking column headers in the Auction House display sorts the results by that column, but this only rearranges the items on a page-by-page basis instead of sorting the entire list.

Auction house NPCs are marked on the zone map as red gavels.

Buying Items
Making a new bid costs 1.05 × the current high bid. (Clicking an auction item shows the exact cost to bid on it.) You cannot control how much to offer. This makes it impossible to win an auction by offering a mere couple of copper pieces more than someone else. The only way to buy an item immediately is to pay the buyout price, if there is one.

You cannot cancel a purchase bid while you are high bidder. If someone outbids you, your bid is refunded in full and immediately mailed back to you — you do not have to cancel your bid manually to get your money back. In fact, manually canceling an outbid notice does nothing except remove that notice from the panel. An outbid notice disappears on its own when the auction time ends or the item is bought out.

Selling Items
You can set the starting bid of an item to any amount of money, though not less than 100 gp. You don't have to set a buyout price, though if you do it must be greater than the starting bid and less than 20,000,000 gp.

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It costs gold to put an item up for auction. This posting fee must be paid up front and is not refunded no matter what happens. The exact cost depends on the item's base worth and the auction's duration.


 * {| border="1" cellspacing="0" style="text-align:center;"

!Auction Length!!Posting Fee
 * 8 hours||0.5% of base value (minimum 5 gp)
 * 24 hours||1% of base value (minimum 10 gp)
 * 48 hours||1.5% of base value (minimum 15 gp)
 * 72 hours||2% of base value (minimum 20 gp)
 * }
 * 48 hours||1.5% of base value (minimum 15 gp)
 * 72 hours||2% of base value (minimum 20 gp)
 * }
 * }
 * }

If an item doesn't sell, you get it mailed back to you when the auction ends. If it does sell, you get mailed 70% of the winning bid. The other 30% is withheld as a sales fee.

Note that free to play accounts now appear to have a limit of one auction posting per day.