Difference between revisions of "Auction House"

Revision as of 03:43, 7 June 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. It does not, however, allow trading between Heroes and Villains.

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.

The following badges increase the number of transaction slots: Merchant, Retailer, Auctioneer, Marketer/Black Marketeer, and Power Seller.

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 (for heroes) or Black Market Transporter (for villains) temporary power 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 Teleporter will transport its user to the Consignment House of his or her choice.

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

Broker Sell 50 recipes at the consignment house.

Inspiring Sell 50 inspirations at the consignment house.

Scrounger Sell 50 salvage at the consignment house.

Enhancer Sell 50 enhancements at the consignment house.

Vendor You've sold 10 items on the Consignment House.

Salesman You've sold 50 items on the Consignment House.

Tradesman You've sold 100 items on the Consignment House.

Merchant You've sold 250 items on the Consignment House.

Peddler You've sold 500 items on the Consignment House.

Retailer You've sold 1000 items on the Consignment House.

Dealer You've sold 2000 items on the Consignment House.

Auctioneer You've sold 3000 items on the Consignment House.

Businessman You've sold 4000 items on the Consignment House.

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

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

Shopkeeper You've sold 6000 items on the Consignment House.

Power Seller You've sold 7000 items on the Consignment House.