Some quick World of Warcraft Auction House tips. Auction Houses are a good place to make some decent gold while you are out questing. Think of them as WoW's version of Ebay. Much like Ebay you can place items up for auction. Here some tips on creating some gold making aucitons.
To create an auction simply open your inventory/bag and drag the items into the item slot in the left of the Auctions interface. Here you can set the price you are looking for by clicking in the small boxes indicated as gold, silver or bronze and entering your amount. Below this is also a box for a 'buyout price'. This is a price you can set and if a bidder meets this price it will automatically be sold to that bidder. Making this price too high will also mean bidders will not be tempted to bid the higher buyout price.
Players are encouraged to set buyout prices (like Ebay's Buy it Now option) since many people often want items immediately when they bid on them, especially trade goods and raw materials, and are often willing to pay a higher price to buy it immediately instead of waiting for the auction to expire.
You can have your auction run for 2 hours, 8 hours or 24 hours only, no longer.
Selling an item does come at a price, there is a fee that has to be paid into the system to place your auction. The fee deposit is calculated as a percentage of the item's value if sold to a vendor. The fee is also more expensive the longer you set the duration of your sale so it's important you get the balance just right when putting an item up for auction as you want to keep the fee as low as possible. If the item is sold within the allotted time, the seller will have their fee deposit returned via the in-game mail system along with the money from the bidder minus a transaction fee, which is a small percentage of the ultimate sale price. However if the item fails to sell, the seller loses the deposit fee while the item is returned back to the seller via the in-game mail system for retrieval. The item will remain in the mailbox for a maximum of 30 days.
If you are in game when the auction expires, a message will flash across the middle of your screen saying your auction has been successful or unsuccessful.
