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 automatically sells to the player who offered the highest gold amount for it, or automatically returns to the seller if no one bid.

Items and gold that result from auction house activity go to the Mailbox of your character. They are not delivered through the auction house panel. Auction house prices and fees are unaffected by your Haggle skill or vendor reputation.

You can filter items somewhat by type and minimum level, but you cannot search for a specific item name. You can click column headers in the auction house display to sort the results you're viewing by that column, but this affects only that one page.

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

Buying Items
Making a new bid costs 1.05 x the current high bid. You cannot control how much to offer. This makes it impossible to win an auction by offering a couple of copper piece more than someone else. Clicking an auction item shows the exact cost to bid on it. 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.

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.

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.

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.