The Auction House (abbreviated as AH) is a wonderful place to find what you need or even make some money for yourself. You can find or sell weapons, armor, trade goods, recipes, and reagents. Each faction has its own Auction House, and the two factions share Auction Houses in neutral territory. Auctions are also one of the best money-sinks in the game. As of patch 1.9, each capital city has its own Auction House. All Auction Houses of the same faction are linked. With the release of the Burning Crusade expansion and patch 2.0.1, the Exodar's Auction House was added to Alliance-linked Auction Houses, and the Silvermoon City Auction House was added to Horde-linked Auction Houses.
Auction House locations Edit
- Orgrimmar in Durotar – from the main entrance, it's the third building on the right.
- Thunder Bluff in Mulgore – at the two tents on the Lower Rise, near the bank and flight tower.
- Undercity in Tirisfal Glades – at all the raised platforms around the middle ring of the city, between the trade center and outer ring.
- Silvermoon City in Eversong Woods – one is in the center of the Bazaar; the other is in a large building in the middle of the Royal Exchange across from the inn.
- Ironforge in Dun Morogh – from the main entrance, pick either the right hall and turn left once you enter the Commons or take the left hall and turn right. Look for the building front with the blue cloth hanging from various spots across from the bank entrance with the Mailbox.
- Stormwind in Elwynn Forest – in the trade district, slightly to the north, before you get to the Inn. It would be visible from the spot in the center where two guards are situated, and behind it is a passage to the Canals.
- Darnassus in Teldrassil – the northernmost building in the Tradesmen's Terrace, slightly south of the warrior terrace. It is west of another building.
- The Exodar in Azuremyst Isle – in the Seat of the Naaru, off the southeast side of the seat, sign located out front.
- Gadgetzan in Tanaris Desert – from the south entrance, it's the first building on the right (next to Marin Noggenfogger). It's the only underground building there.
- Booty Bay in Stranglethorn Vale – in the house in the lowest level closest to the inn and on crates outside the bank.
- Everlook in Winterspring – inside the building with the huge telescope, where the bank is, too.
- Auction listing fees are significantly higher in the neutral auction houses.
- Characters on the same account cannot bid on items put up for auction on any Auction House by a different character on the same account, even if the characters are of different factions (Alliance or Horde) using a neutral Auction House.
Auction system UI Edit
The auction system has three parts:
- Search and bid on auctions, see "Finding items" and "Bidding on items" below.
- Bid status, see "Bidding on items" and "Checking bid status" below.
- Auction creation and status, see "Selling items" and "Check your auctions" below.
Finding items Edit
By right-clicking on the auctioneer NPC, a dialog box is opened where one can interface with the auction system at the default Search screen. This is the default screen, but you can reach it from other auction screens by clicking the Search tab at the extreme bottom left.
If you know the name of what you wish to find, simply enter all or part of it in the Name field, and click the Search button on the upper right, and the UI will return all the items that match the string you entered. Otherwise, you can search by category: on the left, there are some blue buttons that are preset to search specific categories of items. Click on the category of item you wish the find (i.e., weapon, armor, spell, recipe, etc.). Some category items will then display sub-categories. After choosing the category and sub-category, if applicable, click Search. A listing of the items you requested, if there are any available in that category, will be displayed in the right pane of the dialog.
Bidding on items Edit
You bid on an item at the auction by clicking the item after doing a search (discussed above in Finding Items). This will put the initial bid amount or the default next highest bid amount in the entry areas at the bottom of the screen ([ ] [ ] [ ]). Enter a new amount you would like to bid or leave the default amount and click the Bid button. The amount of your bid is then removed from your character's available cash and placed in escrow until the auction is over.
Optionally, if the item has a "buyout" price, you can click the Buyout button after selecting the item and the amount will be immediately removed from your available cash and the item will be mailed to you. A confirmation alert will appear before your buyout is accepted.
If your bid wins, the item is mailed to you through the in-game mail system. If you are outbid or the auction is canceled, your bid that was previously placed in escrow is mailed to you instead.
All in all, the auctions are a convenient means of getting rid of excess inventory one might not be able use due to level or class restrictions, or products that one makes using their professions.
Auctions are also a great tool for finding items one might need. These items can get expensive, so be prepared when locating and pricing items at auctions. Prices also reflect, as well as directly influence, the inflation ratio of the economy.
Checking bid status Edit
After you enter the auction system and make some bids, you can click the second Bid tab at the bottom to see the status of your bids.
You will see the following for each item you've bid on:
- Item icon (including quantity) and name.
- Required level to use item.
- Time left on auction (short, medium, long, or very long).
- Buyout Price.
- Whether your bid is the Highest Bid, you have been Outbid, or the Auction Cancelled.
- The current bid.
Auction lengths Edit
- Short - Less than 30 minutes.
- Medium - Between 30 minutes and 2 hours.
- Long - Between 2 hours and 12 hours.
- Very Long - Between 12 hours and 48 hours.
Note: If an item receives a large number of bids in a short amount of time, the duration on that item will be automatically increased by the AH (e.g., a Short length will be changed to Medium, and a Medium to Long). It appears that the change in length is to the minimum amount for that length, not the maximum. I.e., a change from Medium to Long changes the length to 2 hours, not 12.
Selling items Edit
To sell items at the AH, select the rightmost Auction tab at the bottom of the screen. When the auction pane comes up, drag an item from your inventory to the Auction Item slot on the upper left. Enter the price at which you want bidding to start ([ ] [ ] [ ]), and the Auction Duration (12, 24, or 48 hours). You may optionally set a "buyout" price. These amounts may be the same, or different, as is the player's wish, but the buyout price cannot be lower than the minimum bid price.
A fee will be charged when you list an item for auction. This fee is based on the length of the auction as well as the vendor value of the item. If your item is bid on and eventually sells, the fee will be refunded, but a 5% cut will be taken by the auction house (15% in neutral auction houses). If the auction ends without a bid, the fee is lost (see Formulas: Auction House: Fees).
Any money from a successful auction sale will be mailed to the character who placed the item(s) for auction via the in-game mail system. As of Patch 2.2.0, Auction House generated emails for successful auction sales will now have a one-hour delay and is no longer instantaneous.
Checking your auctions Edit
To the right of where you create your auctions, there is a list of your current items up for auction and their status.
You will see the following for each item you've auctioned:
- Item name
- Time left on auction (short, medium, long or very long)
- The current bid
You can cancel any auction by clicking it and clicking the Cancel Auction button at the bottom of the screen. However, you will lose the deposit that you paid when first placing the item up for auction.
Auction House tips Edit
- It is best to look up similar items before putting your item(s) up for auction. This gives you a view of supply and demand for items like yours. You can then make a more informed decision about whether to even put your item(s) up for auction, now or later, and how much to price the item for. As much as you may hate losing the extra money, sometimes it is simply more expedient and efficient to sell some items to a merchant NPC than to bother with the auction.
- Some customers prefer to buy complete stacks of cheap trade items (20 for most items). On the other hand, if the item is expensive, and is only used in a few recipes, and only a few are needed, selling in small lots may work better. Try to sell in a quantity that is useful to the customer. If the common recipe uses four, selling in stacks of four could work well.
- Quest completion items sell in the quantity the quest needs or less. One is a good stack size, because it lets the buyers select as many as they need and not buy excess. To the buyer, excess items are increased cost —- and a higher individual price is often cheaper.
- For some low-cost items, you can avoid a listing fee by adjusting the stack size low enough. This works for low-end food items, which sell slowly, and would be unprofitable with a listing fee.
- Set a buyout price. You will usually get a better price, and sell more often and more quickly. This is true for most items, but especially with trade goods and consumables, where people are often in a want-it-now situation. Most people do not want to wait for 8+ hours until they get their 20 light leather; they tend to buy out auctions instead of bidding and waiting. Above rules for reasonable pricing still apply.
- Get a sense of your realm's economy. If you see an item selling for substantially less than it normally does, you could buy it out and sell it for a profit!
- Beware of people setting ridiculously high prices. This is done on many items. If the item is a weapon or piece of armor, look at similar pieces. This can help you determine a fair price.
- There are people that set a buyout to 99g when 99s is the reasonable price. They hope to trick buyers into not noticing the difference. Of course, they could also have made a mistake when entering prices.
- Be careful when you are buying out large amounts of items (i.e., trade goods), and make sure you are not paying full-stack price for a stack that is not full.
- Since more people play on the weekends, weekend prices tend to be different from the weekdays' (Mon-Fri). High-demand items will tend to be priced higher during the weekend and lower during the week. Items that crafters make to skill up can flood the market with much seller competition and low prices over the weekend and much lower supply and higher prices during the week. Use these fluctuations to your advantage.
- Auctions will still count down during realm downtime, so you may be less likely to be outbid if bidding right before the server shuts down for extended maintenance. Of course, many others will have the same idea. This also means it may be wiser to wait until after an extended downtime to set up an auction.
- Players with trial accounts can see the items listed for an auction but cannot buy or sell through the Auction Houses.