Auction houses (AH) are a necessary evil in todays MMO's and WoM is no different. The AH offers a place to sell your mats and gear for gold and to also purchase items that you may be looking for. The AH is needed as it prevents the chat channels from being spammed with purchase requests and to provide players with a means to earn income while afk. The AH also indirectly provides the game with real world income since it allows players to spend real world currency on in-game gold that they in turn can use to purchase goods within the AH.
The Auction house is typically the foundation of any in-game economy run by simple supply and demand. The more players are willing to spend on something the higher the price will be. The reasons for higher prices can vary depeding on factors such difficulty in obtaining a certain item, or length of time required to grind x amount of something, general item rarity, etc.
Some players enjoy playing the AH like the stock market. In its simplist form, you buy low and sell high. Knowing how much to buy and sell for is key and learned over time. Making money on a AH is often as simple as finding some material or item that players often need then providing it at a reasonable cost. In WoM there are many crafting professions and this provides a solid base for a working game economy within the AH. Get to know what mats your fellow players will need and start earning some gold in the AH.
The Auction house is typically the foundation of any in-game economy run by simple supply and demand. The more players are willing to spend on something the higher the price will be. The reasons for higher prices can vary depeding on factors such difficulty in obtaining a certain item, or length of time required to grind x amount of something, general item rarity, etc.
Some players enjoy playing the AH like the stock market. In its simplist form, you buy low and sell high. Knowing how much to buy and sell for is key and learned over time. Making money on a AH is often as simple as finding some material or item that players often need then providing it at a reasonable cost. In WoM there are many crafting professions and this provides a solid base for a working game economy within the AH. Get to know what mats your fellow players will need and start earning some gold in the AH.