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Difference between revisions of "Auction House"

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== Overview ==
 
== Overview ==
  
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Where heroes go to buy and sell [[Enhancements]], [[Recipes]], all types of [[Salvage]], and [[Inspirations]]. There are four locations: [[Atlas Park]], [[Kings Row]], [[Steel Canyon]] and [[Talos Island]].
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'''Consignment Houses''' are facilities that allow heroes or villains to buy and sell [[Enhancements]], [[Recipes]], [[Salvage]], and [[Inspirations]].
  
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(The comparable villain facility is the Blackmarket, with very similar functions.)
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The Consignment Houses for Heroes are [[Wentworth's Fine Consignments]], located in [[Atlas Park]], [[Kings Row]], [[Steel Canyon]], and [[Talos Island]]. Villains use the [[Black Market]], located in [[Cap au Diable]], [[Mercy Isle]], [[Sharkhead Isle]], and [[St. Martial]].
  
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The consignment house is cross server. Items for sale on any server, US or EU [http://uk.boards.cityofheroes.com/showflat.php?Cat=&Board=AnnounceUK&Number=848200&bodyprev=#Post848200], can be purchased on any other server.
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The Consignment House works across servers. Items being sold from any server, US or EU [http://uk.boards.cityofheroes.com/showflat.php?Cat=&Board=AnnounceUK&Number=848200&bodyprev=#Post848200], may be purchases on any other server.
  
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== NPCs ==
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== Secret Bid System ==
  
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=== Introductory NPC ===
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The Consignment House uses a secret bid system. Here is the in-game explanation of this system as provided by the Wentworth's Employee in Talos:
  
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Enter the Consignment House in Talos Island and an NPC in the center will give this helpful speech if you click on them.
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: At Wentworth's we use a 'secret bid' auction. To make a long story short, you set the price for your item, but the Buyer does not see it. The Buyer bids what he wishes to pay and if he meets, or exceeds, your requested price he will receive the item. You may even receive more than you asked for! In order to help the Buyer with a bid, there is a history of how much that item has sold for in the past, up to 10 purchases.
  
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The Black Market uses the same secret bid system as Wentworth's.
  
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If multiple players are selling an item for different amounts, the person with the lowest list price will sell first as long as a bid is higher than their list price. Thus, if a lot of people are listing an item for 100 inf, someone who lists the same item for 10,000 inf may never sell it even if people are paying 100,000 inf for it. Likewise, it's possible for someone who lists an item for 100 inf to sell it for 100,000 inf while someone else who lists the item for 10,000 inf only sells it for 10,000 inf.
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Greetings, <Hero Name>. Welcome to Wentworth's Fine Consignments.
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If this is your first time in our consignment house, let me explain how it works. At Wentworth's we use a 'secret bid' auction. To make a long story short, you set the price for your item, but the Buyer does not see it. The Buyer bids what he wishes to pay and if he meets, or exceeds, your requested price he will receive the item. You may even receive more than you asked for! In order to help the Buyer with a bid, there is a history of how much that item has sold for in the past, up to 10 purchases.
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== Transaction Slots ==
  
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You only have 10 Transaction Slots so whether you are selling or buying, you may only participate in 10 transactions at any given time. In the beginning, you have a limited number of Transaction Slots; however, you will gain more through experience or rewards. The amount of slots you have is based on your Security Level.
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Each character has a limited number of transaction slots that they may use at the Consignment House. A character starts with 10 and earns more as they advance in security/threat level. Additional transaction slots may also be earned through badges.
  
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You may sell (or buy) Salvage (which is sold in stacks), all Enhancements, Recipes and Inspirations.  
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One transaction slot is required for each item put up for sale or for each bid placed. Salvage may be bought or sold in stacks of up to ten.
  
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Now this consignment house is not free and we do have two types of fees. There is a Listing Fee, which is 10% of the price you sell your item for. It is refunded once the item is sold. There is also a Transaction Fee of 5% of the final sale price, which is deducted at the time of purchase. You will use your Influence to pay for these transactions.
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== Fixed Price Items ==
  
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You may only put an item up for sale for 24 hours. If it does not sell within that time frame it moves to your Transaction Inventory for 30 days. Please be aware that you will lose your posting fee if your item does not sell. Also, you may put up a 'looking to buy' order for 7 days. If no one responds in 7 days, the order is cancelled.
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The vast majority of items available in the Consignment House are sold by players. However, a one-time use Consignment House Teleporter temporary may be purchased at a fixed price of 10,000. This item is always available and may be purchased repeatedly, provided the character does not already have one. The Consignment House Teleporter will transport its user to the nearest Consignment House when used.
  
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Oh, and there was that customer incentive program I wanted to mention. Badges. No matter, I'm sure I have given you too much information already and you will figure it out soon enough.
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== Fees ==
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There are two sets of fees associated with using the Consignment House. Both fees are applied to the seller, a listing fee and a transaction fee.
  
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=== Wentworth's Employee ===
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Because there are fees associated with selling on the Consignment House, it is possible to lose money, especially when items do not sell.
  
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Click on this NPC to see a list of all possible items for sale, and to sell your own items.
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=== Listing Fee ===
  
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== Fixed Price Items ==
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When an item is put up for auction, a fee of 5% of its listed price is charged to the seller. If you do not have enough influence/infamy to cover the fee, you will not be able to list it on the Consignment House.
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Note that the minimum fee is 5 inf. If 5% of the list price is less than 5, you will still pay 5.
  
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While the vast majority of items available in Wentworth's are sold by players, Wentworth's itself also sells a Consignment House Teleporter inspiration at a fixed price of 10k, which is always available, and which will take you to any of the four Wentworth's locations.  Reportedly villains have a similar Black Market Teleporter.
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If your item sells, this amount will be refunded. The amount will not be refunded if the item does not sell, or if you cancel the auction.
  
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==Sales Tax==
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===Transaction Free===
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When dealing with the Consignment Houses, there are unfortunately two taxes involved, both paid by the Seller of an item.
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The first is always charged, a listing fee. This fee is taken from the sellers available [[influence]] at the time of listing, and if the seller doesn't have enough, the item won't be allowed to be listed.
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When an item sells, a transaction fee of 10% is deducted from the amount it sold for. However, the transaction fee will be reduced by the listing fee, which will be refunded since the item sold.
  
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The second fee is only charged when the item (or items, in the case of item stacks) is sold. The fee will be subtracted from the amount of influence that the buyer payed the seller, and thus, only affects the amount of incoming money, not what the seller has on hand. There is a special case where this isn't true though, if the amount paid for the item is less than the sales tax, what ever is left over will be once again charged the seller, and not the buyer. Of course, if they seller where to remove the item before it is bid on and sold, this fee will never be charged.
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== Inactivity ==
  
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{| align="center"
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If a character is inactive (does not log in) for 60 days or more, all items on the Consignment House will be lost.
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|- valign="top"
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|
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{| class="wikitable"
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! Cost Range !! Fee
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|-
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|1 - 119 || $5
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|-
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|120 - 139 || $6
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|-
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|140 - 159 || $7
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|-
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|160 - 179 || $8
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|-
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|180 - 199 || $9
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|-
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|200 - 219 || $10
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|-
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|220 - 239 || $11
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|-
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|240 - 259 || $12
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|-
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|260 - 279 || $13
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|-
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|280 - 299 || $14
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|-
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|300 - 399 || $15-$19
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|-
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|400 - 499 || $20-$24
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|-
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|500 - 599 || $25-$29
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|-
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|600 - 699 || $30-$34
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|}
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|
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{| class="wikitable"
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! Cost Range !! Fee
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|-
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|700 - 799 || $35-$39
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|-
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|800 - 899 || $40-$44
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|-
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|900 - 999 || $45-$49
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|-
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|1,000 - 1,099 || $50-$54
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|-
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|1,100 - 1,999 || $55-$99
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|-
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|2,000 - 2,999 || $100-$149
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|-
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|3,000 - 3,999 || $150-$199
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|-
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|4,000 - 4,999 || $200-$249
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|-
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|5,000 - 5,999 || $250-$299
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|-
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|6,000 - 6,999 || $300-$349
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|-
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|7,000 - 7,999 || $350-$399
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|-
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|8,000 - 8,999 || $400-$449
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|-
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|9,000 - 9,999 || $450-$499
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|-
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|10,000 - 19,999 || $500-$999
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|}
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|
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{| class="wikitable"
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! Cost Range !! Fee
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|-
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|20,000 - 29,999 || $1,000-$1,499
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|-
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|30,000 - 39,999 || $1,500-$1,999
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|-
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|40,000 - 49,999 || $2,000-$2,499
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|-
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|50,000 - 59,999 || $2,500-$2,999
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|-
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|60,000 - 69,999 || $3,000-$3,499
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|-
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|70,000 - 79,999 || $3,500-$3,999
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|-
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|80,000 - 89,999 || $4,000-$4,499
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|-
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|90,000 - 99,999 || $4,500-$4,999
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|-
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|100,000 - 199,999 || $5,000-$9,999
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|-
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|200,000 - 299,999 || $10,000-$14,999
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|-
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|300,000 - 399,999 || $15000-$19,999
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|-
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|400,000 - 499,999 || $20,000-$24,999
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|-
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|500,000 - 1,000,000 || $25,000-$50,000
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|}
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|}
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It should be noted, that novice sellers should beware, due to these taxes, it is quite possible to loose money from selling things, first in the initial listing charge, and again when the selling charge goes through.
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== Influence Transfers ==
 
== Influence Transfers ==
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Though not an intended use of the consignment house, it is possible via the consignment house to transfer influence between characters on the same account, cross server. 
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: ''Main article: [[Influence Transfer]]''
  
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See [[Influence Transfer]] for details.
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Though not an intended use of the consignment house, it is possible to use the consignment house to transfer influence between characters on the same account, cross server. See [[Influence Transfer]] for details.
  
 
== Badges ==
 
== Badges ==

Revision as of 20:51, 2 May 2007

Overview

Consignment Houses are facilities that allow heroes or villains to buy and sell Enhancements, Recipes, Salvage, and Inspirations.

The Consignment Houses for Heroes are Wentworth's Fine Consignments, located in Atlas Park, Kings Row, Steel Canyon, and Talos Island. Villains use the Black Market, located in Cap au Diable, Mercy Isle, Sharkhead Isle, and St. Martial.

The Consignment House works across servers. Items being sold from any server, US or EU [1], may be purchases on any other server.

Secret Bid System

The Consignment House uses a secret bid system. Here is the in-game explanation of this system as provided by the Wentworth's Employee in Talos:

At Wentworth's we use a 'secret bid' auction. To make a long story short, you set the price for your item, but the Buyer does not see it. The Buyer bids what he wishes to pay and if he meets, or exceeds, your requested price he will receive the item. You may even receive more than you asked for! In order to help the Buyer with a bid, there is a history of how much that item has sold for in the past, up to 10 purchases.

The Black Market uses the same secret bid system as Wentworth's.

If multiple players are selling an item for different amounts, the person with the lowest list price will sell first as long as a bid is higher than their list price. Thus, if a lot of people are listing an item for 100 inf, someone who lists the same item for 10,000 inf may never sell it even if people are paying 100,000 inf for it. Likewise, it's possible for someone who lists an item for 100 inf to sell it for 100,000 inf while someone else who lists the item for 10,000 inf only sells it for 10,000 inf.

Transaction Slots

Each character has a limited number of transaction slots that they may use at the Consignment House. A character starts with 10 and earns more as they advance in security/threat level. Additional transaction slots may also be earned through badges.

One transaction slot is required for each item put up for sale or for each bid placed. Salvage may be bought or sold in stacks of up to ten.

Fixed Price Items

The vast majority of items available in the Consignment House are sold by players. However, a one-time use Consignment House Teleporter temporary may be purchased at a fixed price of 10,000. This item is always available and may be purchased repeatedly, provided the character does not already have one. The Consignment House Teleporter will transport its user to the nearest Consignment House when used.

Fees

There are two sets of fees associated with using the Consignment House. Both fees are applied to the seller, a listing fee and a transaction fee.

Because there are fees associated with selling on the Consignment House, it is possible to lose money, especially when items do not sell.

Listing Fee

When an item is put up for auction, a fee of 5% of its listed price is charged to the seller. If you do not have enough influence/infamy to cover the fee, you will not be able to list it on the Consignment House.

Note that the minimum fee is 5 inf. If 5% of the list price is less than 5, you will still pay 5.

If your item sells, this amount will be refunded. The amount will not be refunded if the item does not sell, or if you cancel the auction.

Transaction Free

When an item sells, a transaction fee of 10% is deducted from the amount it sold for. However, the transaction fee will be reduced by the listing fee, which will be refunded since the item sold.

Inactivity

If a character is inactive (does not log in) for 60 days or more, all items on the Consignment House will be lost.

Influence Transfers

Main article: Influence Transfer

Though not an intended use of the consignment house, it is possible to use the consignment house to transfer influence between characters on the same account, cross server. See Influence Transfer for details.

Badges

Badge auction seller hero.png Broker

Sell 50 recipes at the consignment house.

Badge auction seller villain.png Inspiring

Sell 50 inspirations at the consignment house.

Badge auction seller hero.png Scrounger

Sell 50 salvage at the consignment house.

Badge auction seller villain.png Enhancer

Sell 50 enhancements at the consignment house.

Badge auction seller 01.png Vendor

You've sold 10 items on the Consignment House.

Badge auction seller 02.png Salesman

You've sold 50 items on the Consignment House.

Badge auction seller 03.png Tradesman

You've sold 100 items on the Consignment House.

Badge auction seller 04.png Merchant

You've sold 250 items on the Consignment House.

Badge auction seller 05.png Peddler

You've sold 500 items on the Consignment House.

Badge auction seller 06.png Retailer

You've sold 1000 items on the Consignment House.

Badge auction seller 07.png Dealer

You've sold 2000 items on the Consignment House.

Badge auction seller 08.png Auctioneer

You've sold 3000 items on the Consignment House.

Badge auction seller 09.png Businessman

You've sold 4000 items on the Consignment House.

Badge auction seller 10.png Marketer

You've sold 5000 items on the Consignment House. (Heroes)

Badge auction seller 10.png Black Marketeer

You've sold 5000 items on the Consignment House. (Villains)

Badge auction seller 11.png Shopkeeper

You've sold 6000 items on the Consignment House.

Badge auction seller 12.png Power Seller

You've sold 7000 items on the Consignment House.

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