Auction Houses - Imperian Online Help

6.17 Auction Houses

Auction houses are shops in which another player may sell their goods. A player
may leave their item with the shop allowing other players to bid on them. The 
auction house will charge 10% for use of its service.

Cities and forest councils are able to purchase auction houses for their organization, and there is a public auction house in the Sienna forest.

Three important things to take note of:
1. If an item is bid on its final day, the bidding will be extended by one day
(one hour in game).
2. We use a second price system when bidding, which means when bidding, you
should bid the highest price you are willing to pay for an item.  (see example below)
3. When bidding, note that for gold auctions, you MUST have the total amount of gold you are bidding on your person. For credit auctions, you may make any bid, and will have up to two days in order to acquire the total credits required to fulfill your bid.

Note:  The only time things will be listed for credits is during Artifact Auctions.  In those cases, those items can be bid on with credits if applicable.

Commands
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AUCTION <item> <starting bid> <time> <DAYS|MONTHS> [price]
- This command will place an item for sale in the auction house. The 
  'starting bid' is the lowest price you will accept for the item. If 
  someone does not bid that amount, then it will be returned to you. 
  Time refers to how long you would like the item to remain up for 
  sale. You can specify anywhere from 1 Imperian day to 7 Imperian 
  months. Price is an optional argument that will set a price for those
  who wish to buy the item straight away. Setting the price to 0 or 
  leaving it blank will mean it cannot be bought out. You may only 
  have five items for sale in a single auction house.

BID <amt> GOLD/CREDITS ON <item>
- This command will place a bid on the item. The auction house will take
  the gold and keep it until someone makes a higher bid, at which time 
  they will mail your gold back to you.

BIDS
- This command will list all items you currently have the high bid on.

BUY <item>
- This command allows you to buy the item from the auction house, if a 
  purchase price has been set.

Second Price Bidding Examples
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Example 1:
- Player A bids 100 gold on an item and the 'Bid' is set to 1 gold.
- Player B bids 200 gold and the bid is placed to 101 gold with the bid
  in his favor.
- 100 gold is returned to Player A in the mail.
- Player B has the highest bid and will pay 101 gold with 99 returned.

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Example 2
- Player A bids 100 gold on an item and the 'Bid' is set to 1 gold.
- Player B bids 50 gold which is returned right away and the bid is
  placed to 51 gold, still infavor of Player A.
- Player A has the highest bid and will pay 51 gold with 49 returned.

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Example 3
- Player A bids 100 gold on an item and the 'Bid' is set to 1 gold.
- Player B bids 50 gold and the bid is placed to 51 gold, but Player A
  still has the high bid.
- Player B really wants it and bids 80 gold and the bid is placed to
  81 gold, still in favor of Player A.
- Player B really, really wants it and bids 120 gold and the bid is
  placed to 101 gold, now in favor of Player B.
- 100 gold is returned to Player A in the mail.
- Player B has the highest bid and will pay 101 gold with 19 returned.