Thursday, 3 April 2008

Auction House Basics

It's virtually impossible to finance levelling up without making frequent use of the Auction House. Not all of us are budding economists, but a basic understanding is required. Even if you never buy an item on the AH, you definitely will be selling a plenty.

I was a little intimidated at first, but now that I have placed a few bids as well as auctions, it's surprisingly simple. There is no hard and fast rules to make money by putting things in the AH, but if you want to give it a go, there are a few simple facts that is most definitely need to know. All the basic formulas are at Wow Wiki.

Three pieces of information are crucial for any auctions in the faction AH.

One: On putting an auction, the AH will charge you a deposit immediately. In the faction auction house, the deposit is roughly as follows:
  • 15% of the MSV (merchant sell value) for a 12 hour auction
  • 30% of the MSV for a 24 hour auction
  • 60% of the MSV for a 48 hour auction
Two: If your auction is unsuccessful, the AH will keep the deposit you paid.

Three: If your auction is succesful, the AH will take a 5% cut.

Happy Auctioneering!

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