There seems to be some confusion concerning the auction house.

It is a 'second price' bidding system, which is what ebay uses. It is
slightly confusing at first, but much, much easier in the long run. You
can just go to the auction house, bid the highest amount you would be
willing to pay. Nobody will know what that 'high' amount is. You will
only pay 1 gold or 1 credit more then whoever bids the second highest
price, which is called the 'second price'. The 'Bid' amount in the
auction house is that 'second price'.

Still confused? Let me explain how it works with some examples.

Example 1:
- Player A bids 100 gold on an item and the 'Bid' is set to 1 gold.
- Player B bids 200 gold and the bid is placed to 101 gold with the bid
in his favor.
- 100 gold is returned to Player A in the mail.
- Player B has the highest bid and will pay 101 gold with 99 returned.

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Example 2
- Player A bids 100 gold on an item and the 'Bid' is set to 1 gold.
- Player B bids 50 gold which is returned right away and the bid is
placed to 51 gold, still infavor of Player A.
- Player A has the highest bid and will pay 51 gold with 49 returned.

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Example 3
- Player A bids 100 gold on an item and the 'Bid' is set to 1 gold.
- Player B bids 50 gold and the bid is placed to 51 gold, but Player A
still has the high bid.
- Player B really wants it and bids 80 gold and the bid is placed to
81 gold, still in favor of Player A.
- Player B really, really wants it and bids 120 gold and the bid is
placed to 101 gold, now in favor of Player B.
- 100 gold is returned to Player A in the mail.
- Player B has the highest bid and will pay 101 gold with 19 returned.

Penned by my hand on the 11th of Aequitas, in the year 475 AD.