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document updated 19 years ago, on Feb 21, 2005
Be sure you thoroughly understand Blizzard's official information on auction houses:
    http://worldofwarcraft.com/info/basics/auctionhouses.html


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 AUCTION HOUSES
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There are three:
    Alliance        Ironforge (dun morogh)
    Horde           Ogrimmar (durotar)
    both            Gadgetzan (tanaris)
    
Gadgetzan is used very little currently.  (on Feb 20, 2005, Ogrimmar had 40 times as many items on
auction)  Nevertheless, to get to Gadgetzan (from either alliance or horde), get to Thousand
Needles, go to east side of it (shimmering flats), and go south.  Gadgetzan should be just inside
Tanaris.  You have to walk past mobs level 28 - 33 on the way.


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 DEPOSIT FEES
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[- Ironforge/Orgimmar -]

    2 hours          5% of what vendors will buy the item for
    8 hours         20% of what vendors will buy the item for
    24 hours        60% of what vendors will buy the item for

[- Gadgetzan -]

    2 hours          25% of what vendors will buy the item for
    8 hours         100% of what vendors will buy the item for
    24 hours        300% of what vendors will buy the item for

Items which are marked "No sell price" at vendors have zero deposit at the auction house.

    (there apepars to be a bug or extra complexity in calculating the deposit fee...  usually it's
     precisely the values given above, but ocasionally it's a few percentage points lower.  This
     seems to be an error, because for items that stack, changing the number of items you're selling
     will bring the strict 60/20/5% rule back into effect)


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 CONSIGNMENT FEES
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When an item is sold, you are refunded your deposit fee, but are charged a separate consignment fee
of 5% of the selling price (think of it as a "sales tax").

        (because the refunding and taxing happen at the same time, sometimes it will appear as if
         you received more money than the buyout price you set for the auction)




--------------------------------------------------
 LIMITS
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- You can have at most 8 separate auctions active at one time, per character
        (eg. if you have an alt, they can have 8 other auctions active)

- Neither you, nor any of the characters associated with your account, can bid or buyout the items
  that you created an auction for.  If this rule didn't exist, you could use the mail-delay time of
  money (0 minutes) to effectively remove the main-delay time of items (normally 60 minutes).  This
  is significant because each new character you create on the same account gives you 24 more bank
  slots, as well as one more bank-bag-slot that costs only 10 silver, one more for 1G, etc.