@Manete I originally had the no autobuy option there because there is the potential of it being surpassed or to prevent private bidders from buying it out. I probably am going to change it, but I'm not sure to what.

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what if you have a cub up for auction cheap then find out it has a mutation if you can't cancel it it would be sold cheap

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support

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Support,


I say, let the actions who ends first be as first visable. And maybe there could be a search. Like:
- Lion(ess)
- Oasis Items
- event items
- (sb) items
extra

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I totally support this! I think it could greatly reduce the amount of scamming related with auctions... Now if only there were an official system for raffles?

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I support. It would make everything so much easier for the auction runner what with not having to update bids. Maybe there could be a feature that would notify people when they are outbid.

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Support, for the sake of people who auction lions/whatever and then have the high bidders never respond.

Although I don't see why there shouldn't be an optional autobuy.

I was initially on the fence about cancelling, but after seeing the responses here, I agree that it's best to not have cancelling possible (except if there are no bids) to avoid people wasting everyone's time by setting their starting bids too low.

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I'm dyslexic so I can't bring myself to read all this, but wouldn't it also be nice if IN the ' auction house ' all bids were final and were on hold until a bid was chosen as a winning bid? and then the rest returned to the bidders? If someone who is thinking about bidding doesn't like the idea they could just go find a traditional auction in a thread/trading center where they can remove their bid when ever they want if they suddenly decide they no longer want it.
If that's how the ' auction house ' works, everyone should know full well and be able to make the choice themselves if they still want to bid or not. if they don't really want it that much they shouldn't bid in the first place. This also helps keep people from spending their bids before the auction is over.
and if someone is outbid, they can choose to retract or up the price of their bid.

Honestly, if both of these things exist in game ( auction house and traditional threat / trading center auction ) I think everyone would be happy and would be able to do what suits them best.

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I don't think all bids should be held... maybe bids offering items/decors ect would be on hold. But if it's pure currency. There's no reason the person bidding one gb should be on hold along with the person bidding 5. The 1GB offer should be dropped, and the 5GB should remain. IF someone offers items in a trade, and there's one for currency. Maybe it should be on hold for say 24 hours for the one with the auction up to choose which one should be 'reserved.' Otherwise by default it should go to the pure currency. Because sometimes you do want the items instead, but not EVERYONE who bids should have to wait till the end of the auction to get their stuff back. And bidders might not pay complete attention to their bidding so people with a lower offer/offer that might not be accepted over a 'pure' offer shouldn't have to wait more than a day to get their bid back if they are outbid.

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Agreed with what Hawkeye said. Hold the highest bid, and possibly item bids until the auction owner decides on them (assuming item bids are even an option), but not all other bids.

Automatically notify people they were outbid, too, if that hasn't been mentioned yet.

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I haven't read the comments but an easy fix to anyone concerned about auctions being withdrawed is to have a private 'reserve' on an auction.

In my mind, an auction house should have these things and I'll explain with an example.
End Date: I can set my auctions for between 24 hours to 72 hours long. A 'snipe' guard is in place meaning if a bid is placed within 5 minutes of the end time then the auction will close 5 minutes from the last bid.
Starting Bid: Where the bidding starts. You cannot bid lower than this.
Minimum Increment: The amount the next bid must be above the last bid. A GB and SB option is available, meaning I can bid (eg) 500sb or 1GB above the last offer.
Reserve: Now this is what I believe will stop a lot of the fuss about low bidding and whatnot. A reserve is a value, only known to the seller, where if it is not met by the end date then the auction will automatically cancel and the trade will not occur. This value is the LEAST you will take but would be fine selling at this value. To buyers, they will only know if the reserve has been met or not.
Buyout: Autobuy, ta-da, item is yours and the auction ends early.


Now this would be my example of all these working together.
I want to sell my Meat Pie. I set my auction to run for 3 days with a starting bid at 2GB with increasing bid being 1GB over the previous bid. Now, I don't really wan to let my item go for any less than 7GB so I put that as my reserve. Bidding DOES not reach 7GB by the end of the 3 days and anything bid is returned.
However if it does reach 7GB but not over that then after 3 days the trade goes ahead automatically through the system. I may have wanted a little more but that's just my luck. I have no right to be grumpy because I control the reserve price.

Note: Auctions CANNOT be cancelled until they come to term or are bought out.. I will not be low balled because I set my own reserve.

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I've seen a lot of auction houses on different sites, but I don't think I've ever seen one without an autobuy (I'm going to call it a buyout price, autobuy sounds like a macro to me) as an option. People may not necessarily use the buyout price, but the option to have it shouldn't hurt anyone.

If it's set too high for someone to realistically choose to pay it, the auction continues as if there is no buyout price (essentially).

Giving the option to have one (or not) can relieve pressure from sellers in trying to decide the length of the auction and allows for people who are purchasing to be more tactical in who can get the best deal between the starting bid and the buyout price. A seller may want to sell something quickly, but setting it for a short period of time doesn't mean that it will sell in that time frame.

If a seller doesn't have a ceiling price, or isn't looking to sell quickly, having the option to go without a buyout price can allow for those type of higher than expected bidding wars.

---

Kraft's post touches on everything pretty much. I began typing after the first page, having missed the second page entirely, but still wanted to throw what I'd typed in as well.

To correct people worried about typos and the like, having a preview-type confirmation page would give people the second chance to review their settings before putting their items to bid.

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While I do support an official auction system, it's going to be very complicated to implement certain things.
As far as "holding" a certain offer, instead of it being a lock, I think it'd suffice to just have it taken from general use just like a regular trade offer does. So you don't "accidentally" spend that money. Or items, so they don't "accidentally" get sold.

I think people should still have their "right" of being able to back out and change their mind. But be set up like the owner as follows: So...maybe auctions can be set just like ebay? You set the auction to run for a certain amount of time and when that time is up, the owner Has to accept whatever the highest offer is. So it could be a 24 hour auction, a week, a month. But when that week is up, whoever the highest is, is automatically accepted. 24 hour auctions CAN'T be cancelled, weekly ones can be with no offers by the 5th day (but there has to be NONE when you do cancel), monthly ones can be cancelled with a week left and a max of TWO offers. But if you miss the "opportunity" to cancel your auction, then, again, whatever the highest offer is by the end of that time HAS to be accepted.

Unless you set a hidden reserve maybe? So if you set a reserve and it's hit, then no one can cancel anything? And that's when the lock comes in? Lol, so to make this less confusing..


Someone sets up an auction for a GMO cow.
They don't necessarily set up an autobuy per se, but they do have a "reserve" of 15GB.
The reserve can be hidden or shown. But regardless, once someone puts in that 15GB, it's LOCKED there.
Or, until/unless that happens, bidders will put in a certain amount and can retract at will once a certain point comes up.
But it is taken from their use so they can't sell it or use it on accident. They have to go into the auction to retract it.
And perhaps there's a message somewhere about that.
Or, if the person is outbid, their currency goes back to them with a message of "You've been outbid here: link"

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

So if someone sets up a 24 hour auction of a GMO cow and no one offers, the auction ends without a winner.
But whoever the highest bidder is, HAS to win it. It HAS to be accepted. So if that suggested SB is put in place,
and it's 5GB, but you wanted 15GB, well that's tough luck cuz 5GB was put in per the "rules"/regulations.

But if they had set up a week long auction, the starting bid was 5GB again, no reserve, the bidder can cancel on that 5th day. If it's missed, it HAS to stay.
The owner can ONLY cancel on the 5th day if there are NO offers. And if that 5GB stays on that 5th day and through to the 7th, it HAS to be accepted.
If there IS a reserve of 15GB which is never met, the auction ends without a winner.

If they set up a month long auction with no reserve, it could go a couple different ways.
By the 3rd week, if a max of two offers had been made, the bidder can cancel. They have THREE days to cancel.
If it's the 3rd week and a max of 2 offers had been made, the owner had those same THREE days to cancel.
But NOT if a 3rd bid pops up before they get to that cancel button.
ANY bid that remains after that 3rd day into the 3rd week HAS to be accepted.
Likewise, if at any point someone puts in that 15GB, it is LOCKED in place until the end of the auction or until a higher bid comes along and their currency goes back to them for being the lower bidder.
However, if there is a reserve, again, the auction will end without a winner if it's never met.
But because people will bitch about it being a "mistake" and they "changed their mind" after, they get a:
"Are you SURE you want to lock in your reserve of 15GB?" message before they confirm it.
If they hit yes, it's totally on them. If they hit no, it won't be submitted.
Yes, they could turn around and offer 14GB instead and then back out at the given time, but again,
there's only so much you can do to limit people.


So to sum it all up, 24 hour auctions will always be a quicksale mindset with no cancels and anything goes.
1 week gives people a certain "right" to retract. But it's very limited to get done at a certain time.
That's only if there isn't a reserve put in, though. Hidden or shown, if the reserve exists and isn't met, it just dies.
The monthly one gives people an extended "right" to retract. Still has the limitations and still goes on if not caught in time.
UNLESS there's a reserve and it's never met, then it dies.

The reserve requires a confirmation as it will LOCK your bid until the end of the auction or outbid.
Any other bids can be retracted but they're taken out of your general use like a trade so it's not accidentally used.
To retract, you Must do it by going to the auction at a certain time frame and clicking a retract bid button that ONLY shows up during said time frame and disappears once said time frame is up. Then otherwise LOCKED in place to finish the auction. Again, only if the owner hasn't canceled, you haven't been outbid, and there wasn't a reserve.


Does that make sense? I know I kinda rambled with my wall of text..

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I think we have a neat TC where you can bid. Maybe it should be a bit upgraded to have some other features to match an auction house but I dont think it really needs a different section altogether. Have it message you when you were outbid, have it let you set a minimum rise of bids.

What else I dont like is that the auction holder cannot withdraw the item they are auctioning off. What if an emergency comes in? They put a couple of items for auction they might need in a couple of days for unexpected reasons. Sure, it can be rude but one got to think of every scenario.

Also, trade buyouts at TC auctions are generally the auto bids, for which the auction holder would sell the item in a heartbeat anyway. So I guess they could stay. Some people might have unreasonable autos but they are still a feature of most auctions on other sites too because sometimes they can be rather reasonable.

Also: Please do not bring in the 'bids cannot be withdrawn' argument into this thread too... It is very clear people dont want it.

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I agree that (just like in a real-life auction house) there be the option to have a reserve price. Because a normal auction would say that there was a reserve (but not what it is) it should be the same for the auctions on Lioden too. That way you can start off low and also encourage bidding with the a reserve price has been put on this item message under the auction description :)
It does solve the whole cancelling if nobody bids or if the bids are too low scenario, because if the reserve isn't met then the auction automatically gets cancelled after so many days, same as if nobody bid anything.
I also really think that it should be currency only, and item bids be restricted to the trading center/private trades. You should probably be able to set up how many sb you'll substitute for 1gb on your trade, to stop it accepting a bid that is technically higher according to the oasis transferal rate, but not really higher in terms of whatever the player market says gb is worth currently

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