The Auction House

Introduction to the Auction House

Through the cooperation of the House Kundarak Bank, The Coin Lords, and the House Orien courier, you too can turn a profit selling your treasures on the Auction House! If you’ve never used the Auction House before, we can show you how! First you need to locate an Auctioneer. The Auctioneers are available in almost every house ward around the city of Stormreach, as well as in some outposts.

You can recognize them by watching for the Auctioneer icon:

Make sure you have some money on you before hand, as there are some fees involved with using the auction house.

Sales on the Auction House

It's a good idea to use the search option to try and find similar items listed on the Auction House, to get a better idea of how much they sell for. Use the search feature to find items by type.

Once you're ready, drag the item you want to sell from your inventory onto the Auction House interface. A default price will appear, but you can set the sale price to anything you like. You can also list a "buyout" price, where other users can simply offer the buyout price and purchase the item immediately. Select a time range for your item. The longer your item is listed, the more expensive the listing fee is, but the more exposure your merchandise gets. If your item sells, you'll receive your money through the in-game mail system. Remember that a portion of your sales profit is taken by the Auctioneer.

Buying from the Auction House

Before visiting the Auction House, it's always a good idea to visit your local brokers to compare prices on the items you like. Brokers often keep their recent purchases available for sale, and it might be cheaper than what is listed by other users on the Auction House. If you still haven't found that item of your dreams, head to the Auction House to see what is available. The search feature on the Auction House is as important for buyers as it is for the sellers. Use the search feature to browse through items until you find the item you want for a good price.

Make an offer on the item by typing your amount into the bid price. If someone outbids you, you will be notified by the in-game mail system.

Quick Tips For Auction House Success:

• Check the value of items already listed in the Auction House before you set your price. Everyone wants to turn a profit, but listing your item too high only hurts your chances of sales against your competition.
• Setting a buyout price can help move your merchandise faster, and put money in your pocket more quickly from impulse shoppers.
• The shorter the auction time, the less exposure your merchandise will have. If your item doesn't sell, you might be faced with having to spend money to repost it again.
• Some items are very common, and may not sell very well on the Auction House. It's better to sell these items to vendors and brokers, rather than spend your money on Auction House fees.
• If you can't find a buyer on the Auction House, it might be time to sell to a broker, general vendor, or even a local tavern keeper. Keeping the unwanted item in your inventory crowds your backpack; when you're forced to destroy the item because you're out of space, you lose the money you could have gained going to a vendor instead.

Sales, through vendors or the Auction House, are an important part of inventory management. Sales are also important to cover the out-of-pocket expenses of questing. Our next article will focus on the dangers, and cost, of adventuring.