Buying & reselling On The Auction House

The auction house is the main way to make gold. No it does not provide gold quickly but it does provides a steady stream of gold every day. The auction house is very helpful when you want to save up for something, want to hit the gold cap, or have something incredibly valuable in your bags and want to sell it. The original AH is very annoying without addons to use at least in my opinion. With addons however, the AH interface becomes extremely simple making it easy to post, cancel and view your auctions. This section will be explaining the basics of how to use the AH and which addons I think are useful with the AH. Also it will cover some tips for getting started. Note that AH goes great parred with Farming and it's allot simpler getting started, so I will also be covering the subject of the AH in the Farming section.

Posting Things On The AH

This is the basic interface without the addons.
Here's a screenshot of what it looks like.

I set the one setting to 48 hours as then I have more time before having to re-post.
Right click on the item in your inventory that you want to sell and it will go into the box. Set the price of the item. The bid will be cheaper then the buy and the buy more expensive then the bid. Always check the AH first before posting your item to see what the price is. Click create auction. Then it will be on the AH for all to see!

Very Long, Long, & Short

There are three types of times for auctions.
  • Very Long which is greater than 12 hours, typically 48 hours if just posted.
  • Long which is between 2 hrs and 12 hours, typically 24 hours if just posted.
  • Short which is 2 hours or less, you can't post auctions at this time.

Checking The AH

Before you post anything on the AH always, always make sure to check the prices. After a while you'll kind of memorize the prices on the AH but when you're starting out you should always search for the item you want to sell and check the price. If you have addons they definitely they'll definitely help you just need to do a scan daily which can around 20 minutes at least on my server.

Reselling

Reselling is where you find an item that's selling for extremely cheap then re-post it for more. For example if Sky Golem was on the AH for 1,600 then you'd want to buy that and re-post it for the current price. If you do happen to find a deal like this, waste no time in thinking, just purchase it. Deals like this are extremely rare. I use auctioneer for scans and then I can search for good deals although there is one section I check manually. The mount section. I like to look at the mount section and see if there are any good deals for TCG mounts or anything else selling for cheap. Reselling is an amazing tactic in gold making especially if you don't have the time, can't, or don't like farming. Reselling is reasonably fast in can run in the background while doing homework, housework, or anything else. If you have the time, you can also run through the auction house pages manually, though I would not recommend it because of how much time it takes.

Buying Out The AH

This is one of the tactics on the auction house but I would recommend becoming familiar with your servers common prices before attempting this. Buying out the AH is where you have an item on the auction house and there are multiples of the item you are trying to sell. You would buy all of the other ones on the AH leaving only your own. This is a very dangerous tactic and you need to know the common prices, how often the item is on the AH, and how many. Say if for example there was 50 of one item, in this case using this tactic would be a total waste of money and energy. If however, you have an item and there's only one of that item on the AH for a decent price you should buy that and then post your item. This is very dangerous and I highly recommend getting into the gold business for a while before you try this.

Selling Gear

Gear usually sells well depending on a few things, how well it looks and what expansion it was from. It is for selling gear that the add-on MogIt is so helpful for. If the gear looks nice people will pay more money for it. I find that greens sell particularly well. I would recommend selling only the current-expansion profession gear and profession gear that looks particularly nice. Gear from raids and cards do sell too at least when they first come out. Though raid gear does sell for a decent amount I'd equip on myself instead of selling it. It is easier to farm and quest when you have good gear. The prices do vary depending on the gear but if it was just like a green level 64 piece I'd probably post it for around 400depending on how it looked.

The End of the Auction Section

Those are the very basics. Playing the AH is very helpful and fun if you know how to do it and enjoy doing it. Auction houses can be found in almost every capital city and if you're having trouble finding one just ask a guard. So this is the end of the auction house section. It's a very interesting way to make money and fun too.

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