HOW TO: How to Fill or Place Auction House Orders

I still run into people who have been on Entropia for years that have never learned how the Auction house works... They have not yet used the orders for ordering materials or selling resources. So, I thought it would be appropriate to give everyone a quick tutorial on how the Auction house ordering system works.

PLACING ORDERS:

Rules:
You can only place orders for UNLIMITED items.

When you place an order for an item, the FULL TT + Markup is held by the system until order fills. 

If the condition of the item is less than full TT, You receive a refund for the difference in condition when the order is filled.

As of last time I've used the orders, it cost 1 Ped per day that your order runs. If it is a rare item, you need to run for more days sometimes to get it filled. If it is ores or other resources, one day is plenty because if someone raises their orders too high over yours, yours may never get filled unless the market drops.

What it is useful for: Ordering crafting supplies for much lower than you can buy them off auction directly. Obtaining expensive items that you don't want to pay full retail for but reasonably think someone would sell to you at a lower price such as a hard to sell item but they need the PEDs.

How To

In the auction house, there are two tabs at top. One says Offers, the other says Orders. Offers is what everyone is trying to sell. It is where you go to buy things directly off auction, or just list things for sale. You need to click on the Orders tab.

At the bottom of the window I believe it has a button that says either Make Order or Place Order. Click it.

Select your item from the list that you wish to order. It can range from blueprints, to animal oils, to metal ingots or raw resources. Even weapons! But note they are all unlimited. Limited items must be bought and sold at the prevailing market price as dictated by supply and demand.

Once your item is selected, you decide how long you want the order to run. If you are ordering common items such as ores and enmatters, you will want to note the highest order price already listed and the quantity they ordered. The highest order price will get filled first if the quantity the seller sells is equal to or smaller than the ordered amount.

Say there are two orders for Narcanisum.

Order 1    1000 Narcanisum at 140.50%
Order 2     2000 Narcanisum at 139.19%

Scenario 1: If you sell 1500 Narcanisum for 140.50%, it wont fill the order, and will go straight to auction for buyout at the price you chose. You can instead sell it to order 2 for 139.19% or as close as you can get to it, because they have enough quantity ordered.

Scenario 2: You have 500 Narcanisum to sell. Even if you sell it at 139%, it will still go to order number 1 because they have the highest bid, and they have enough quantity left to buy your lot.

FILLING ORDERS:

Rules: See scenario 1 and 2 from last section.

How To:

What I recommend doing is just type in the item you have to sell in the search and click on the orders tab. If any orders show up, those are what people are offering for you to sell them the item and how many they still want. The advantage over auction is, you don't have the risk in worrying if it will sell or not and whether or not you will lose your auction fee if it doesn't sell.

When you find an order you want to fill, you must go to the offers tab. Sell item like usual, except you only put in up to the quantity of item ordered, and you set the buy out price AT OR BELOW the ordered markup. If both of these conditions are true, the transaction will be instantly completed and the PEDs available on your card right away!

That's all there is to it!

It is not uncommon to save 10 to 20% in material costs by placing orders instead of buying straight off the auction. This is a huge benefit to crafters, and it helps other crafters and miners by giving them instant demand if they need to use the peds they just tied up to keep playing. It sucks to have all your peds in auction house waiting for things to sell.

Good luck and may everyone ATH or have fun trying!