The Bazaar ... A Blessing or a Curse?

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Whilst its rarely a good idea to implement the system used in another game, one of the few things i liked about final fantasy xi was the auction house system they have in place. Players put items up for auction, specifying the price they are willing to sell at. Other players then look at the list of available items and put in a bid. The bid is blind as you do not get to see what the prices the buyers have gone for, but you have a list of recent purchase prices to go on. If you bid on or over the price that someone has specified for the item they are selling, its yours. A bit like share trading. The great thing is that prices fluctuate from one area to another, and from time to time, so you have a kind of live economy going on. This would be fantastic with materials. Imagine player supplied materials auctions. How much would excellent big shell go for...