Auction

An auction is where players sell items in exchange for either money, items or both that are of approximately equal worth to the item being sold.

What happens is: First, a player makes an offer to either buy or sell something, one or more players will then respond with an offer - either money or items. At the end of the auction period, the person who has given the best offer gets the item they want in exchange for the things they offered.

Example:

Player 1 - Selling Bandos Godsword

Player 2 - I'll give you 80mil (80 million GP)

Player 3 - I'll give you 85mil (85 million GP)

Player 1 - Auction has now ended. Player 3 has won with a bid (offer) of 85mil.

In this example, Player 1 and Player 3 would then meet in-game and trade. Player 1 would give a Bandos Godsword and Player 3 would give 85mil.

Some auctions may have extra criteria for bids, for example:

No items means that bidders cannot offer items when they bid, they can only offer money

Starting bid is the price at which the auction starts; no one can offer lower than this value

Items only means that the auctioneer only wants items in return for what they're selling

Instant buy allows someone to pay a slightly higher-than-usual price and get the item instantly, without having to try to outbid others. similar to Buy It Now on eBay.