Auction House

The Auction House is a location in the Hub World that houses auctions. It is a Medieval-styled large building found to the west of the Village spawn and the Hub Portal. It is very close to spawn.

Auctions are created by players where they can sell and bid on items in return for coins. To browse or create an auction, the player must interact with the Auction Master or any Auction Agent NPC in the Auction House. Creating an auction requires a fee (equal to 5% the starting price of the item) and a number of coins that go up the longer the auction is going to be held.

Some items can be bought on the Dark Auction, although these are auctions run by the game and can only be bid on by players in the same dark auction as you.

The bottom of this page contains multiple websites that can be used to ensure you are buying items for the right price.

Auction Browser
Auction browsing is done in multiple sections:
 * Weapons (Swords, Bows, Axes, Magic Weapons)
 * Armor (Hats, Chestplates, Leggings, Boots)
 * Accessories (Talismans, Orbs, Artifacts, Rings)
 * Consumables (Potions, Books, Food)
 * Blocks (Dirt, Stone, any other blocks)
 * Tools & Misc (Tools, magic items, staffs, most items and any other uncategorized items)

At the bottom of the GUI, there are a few options: Search, Item Tier, and Sort. You can search for an item by clicking the oak wood sign, which gives a place to type the name of the item.

The Sort (Hopper) ability will show options for filtering: Highest Bid, Lowest Bid, Ending Soon, and Most Bids.
 * There is a minor bug with this ability where, if you sort the items by Ending Soon, auctions that are ending in 5 or fewer minutes will be on the last page.

The Item Tier (Eye of Ender) will view the different rarities of items:, , , , , , , , and. The BIN Filter (to the right of Eye of Ender) will switch between viewing Show All (Powered Rail) which shows both auctions and BINs, BIN only (Gold Ingot) which only shows BINs, and Auctions Only (Gold Block) which only shows active auctions. Unlike the other abilities, this setting can be personalized and does not have a default viewing, meaning it will always automatically go into the mode you were in previously.
 * However, certain items such as Pets are not categorized by this ability and are always viewed as, even though they may be a higher rarity.

To bid on an auction, you must have enough coins to meet the starting amount or 15% more than the most recent bid. Click on an item, then click the gold nugget ("Submit Bid") button. This will subtract the amount from your account. If you do not have enough coins, the gold nugget will instead show a poisoned potato.

The Bid History of an item is shown when clicking on the item in the Browser and hovering the map.

The Auctions Browser defaults to viewing: Weapons, All Tiers, Highest Bid

Auction Manager
To manage your auctions, click the Gold Horse Armor in the Auctions Master GUI.

This will show your current auctioned items and their respective price if you already have auctions active. To create an auction, click the Gold Horse Armor again at the bottom of the management GUI. If you don't have any auctions active, it will automatically show you the Create Auction screen.

The auction creator will let you click an item from your inventory to put up for auction. Clicking the gold bar will let you choose the minimum bidding price. Clicking the clock will let you select the total amount of time players will have to bid on your auction. If you want to retrieve your item from the top slot, just click it again. Note that if a player leaves this screen (by pressing ESC or E) while an item is in the slot, it will still remain in the slot. You can see it again by going back to the Create Auction screen again.

The player must foot 5% of the asking price as well as a scaling fee for hours listed. This serves as an excise tax to reduce inflation and market saturation.

The Bid History of an item is shown when clicking on the item in the Browser and hovering the map.

BIN (Buy It Now)
By pressing the gold ingot next to the arrow, you can switch your item from being an auction to being a BIN. This allows players to instantly buy your items without needing to wait and does not let other players outbid them. Though prices are usually a little higher, it is worth the wait.

Auction Tips
Making Auctions: Bidding on Auctions:
 * Create a minimum price that helps you profit while not being too high. Remember, the minimum price is the LEAST you will make, so make it low enough that your auction will still get some bids.
 * If you are unsure of what price you should set for your item, look at other prices for the same item, and use that as a guide for setting your price. You may have a higher chance of getting a bid if you set your price lower than the other same items.
 * Advertising an auction in chat after it is created at a low price can garner multiple bids from users who may continue competing up to the equilibrium value. However, since everyone does this, the effect gets neglected a lot.
 * If you create an auction for a high-value item at a very low price, it's a good strategy to put the auction duration to 1–2 days so people have lots of time to bid on it, and it will eventually get up to the normal value of the item.
 * Don't bid excessively high. Bid enough to win the item, but not enough that it won't be worth it.
 * If you have the time and dedication, bid on an item you like towards the beginning of the auction to discourage more bids towards the end.
 * Utilizing the sorting functionality to select the appropriate category and rarity of the desired item, then sorting by ending soon helps to locate multiple copies of the item and can be used to gauge a proper buy value.
 * If you are outbid (which nearly always occurs), then it is shown in chat. Click on the message to view the auction.
 * You can bid on a specific player's auctions by typing /ah [Username].

Trivia

 * The lowest possible starting bid you can set for an item is 1 coin. You can bypass the limit of 10 coins by using the default starting bid of a stick or something equally worthless.
 * The top auctions can be found downstairs; there is a staircase leading downstairs to the left of the Auction Master.
 * If you have a lot of coins to claim, when you hover over the Claim All option, it will say "Wow that's TONS of coins!"

History
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