this is something that has bugged me for a long time.
People listing items for extremely low bids and high buy out price. And if they are not happy with bid, they just cancel the auction a couple minutes before they end.
Can you implement a system where the auction cannot be canceled when it has been up for say, 30 minutes? This way, any mistakes in price can be corrected within reasonable amount of time.
The way the system works now, the ones listing items can “trick” people into buying ridiculously expensive items by mistake, but when the “error” goes against the one listing, and someone hopes to get an item for a good price, the auction can just be cancelled…
In example, Nexus Crystal bid 1c, Buy Out 918 gold.
If bid is just 1 gold the auction is of course cancelled if that is the winning bid 5 minutes before the auction ends.
Addons like Auctioneer make it almost impossible for this little “Trick” to work, as items can be listed by price in a much better way than via the standard interface.
Well, the goal of the auctionhouse is to implement a naturally developing economy.
Trickery and overprizing happen in a natural economy, and buyers having to be watchful they don’t get screwed is part of a natural economy as well.
The alternative is an over-regulated economy, where we might as well have fixed prizes and automated offerings, making the whole idea of the AH way less immersive and player driven.
Say Blizz implemented that, what would happen?
Simple: No one who wants a minimum prize would use anything other than buyout-only auctions any more.
In a natural economy, in auctions either they have a reserve (which may be hidden for the buyer, but buyer is informed that there is a reserve) or they are selling to highest bidder.
Another way would be to give an option to ignore certain names in the auction house. Or give the bidder option to cancel his bid the same way.
I thought that was the case, not being able to cancel auctions with bids on them, until I tried and found that it wasn’t.
So got me thinking did this get changed in later wow patches/expansions? Or am I maybe just mixing up games.
Anyway I agree it’s silly to be able to cancel auctions with bids on them, idk how real life auctions work but if the guy says “start bidding at 10” and people start going “15” “20” “25” I don’t really see the guy going “sorry not high enough ima cancel this one. Next!”.
That is pure BS. Bid price is the one thing that will always reflect the market price 100% as obviosuly the highest bid is what the market is willing to pay.
Tibia is a game that has got very little going for it, but one thing it has got is its Auction House system that basically function as a financial market. People looking for something gets to post a reverse auction with a price they’ll buy it for instantly, and sellers gets to list their items with a buyout price. This means that every item is always at its price equilibrium according to availability and inflation.
Bid price is people looking for the cheapest option of buying a certain item. Market price is the HIGHEST price people are willing to pay for something.
Even if that is the case, if you have 1 person interested in what you are selling, the market price is what that person is willing to pay.
If you have 2 people or more interested, you get a bidding war, which culminates in the highest the market is willing to pay.
Seriously, this is the most basic of microeconomics.
And if you refuse to accept that because you think you should always get what someone before you got for the same item, good luck selling arcanite bars and black lotus for 250g each.
Perhaps a better solution that would not change peoples ability to cancel their auctions as and when they like, would be to introduce the ability to set a limit on the price of a good you are searching for, this way you can filter out the tricksters.
Not going to argue for or against, all I will say is that there are bots that will instantly bid an item the second it goes up if it is beneficial for them. So if you can’t de-list because you regret your min bid, well, enjoy battling the bots.
very good idea you got Nexa! hope they will implent it that they cannot cancel a bid.
when putting an auction out you must also confirm your auction that you are sure
What if there was a timer, that lets say, let you cancel the auction within 15 minutes of posting it? You would see your own mistake in that time, yes?
I came to the forums to make topic like this, but found out there was already one.
I wholeheartedly agree with this. There are several people in my server who does this and spams the auction house with 1 copper bid and high buyout. They keep cancelling and refreshing the auctions.
Most likely they are part of real money trading/botting, considering the volume of things they have in the AH, it is just pure insane.
Ive never understood how people are able take back something they have listed for a price. Its not like I can cancel a bid if i regret putting it there.
There should be atleast a set penalty paid to the AH for every cancelation regardless of what the item is. Something like around a gold maybe 50s for a cancel with bids on them. Part of it goes to AH and part goes to the bidder.
Thats just theory tho, i like classic with its warts and all.
