| Buying and selling of items in WOW (World of | | | | determines the initial deposit you’ll be required to |
| Warcraft) is mostly done through the WOW Auction | | | | make. It’s possible to set the duration so long that |
| Houses. It’s really a great system. WOW Auction | | | | your deposit will be greater than the value of the item |
| houses are located in WOW cities. You can sell or buy | | | | you want to sell. Of course, if the item sells, your |
| items among players in your faction. In the | | | | deposit is refunded. On the other hand, if your item |
| “neutral” WOW Auction Houses you can even | | | | doesn’t sell then you’ll have to forfeit the |
| sell or buy items from members of the other faction. | | | | deposit you made. Most of “those-who-know” |
| The sell an item at a WOW Auction House you take | | | | suggest that you set your auction duration to the |
| the following steps: | | | | shortest period of time you can live with. You are |
| 1. Click on the "Auctions" Tab. You’ll see a box for | | | | required to set the auction duration. |
| you to place your item in. Simply drag an item from | | | | 4. Setting a buyout price is optional. A buyout price |
| your bags and drop it into this box. | | | | allows a buyer to simply pay your buyout price and, in |
| 2. Now you set the starting price. You’ll see a | | | | the interest of time, often players will pay a slightly |
| “suggested” starting price but you don’t have | | | | higher buyout price than they’d pay at auction. |
| to accept this. You can set the starting price for the | | | | If your item sells at a WOW Auction, you’ll be paid |
| item you want to sell either higher or lower than the | | | | the selling price less the Auction House’s |
| suggested starting price. You are required to set a | | | | consignment fee and your deposit will be returned. |
| starting price. | | | | If your item doesn’t sell, your item will be returned |
| 3. The “auction duration” that you set | | | | but the Auction house will keep the deposit you made. |