The Auction House is where you can bid to purchase assets and create your own listings to sell assets. Listings you see in the Auction House can be created by other players or the game.
Bidding
To make a bid, just press the "Make Bid" button next to an auction. Your bid amount must be at least equal to the minimum bid or, if there are existing bids, then 10% more than the current bid.
Auctions will lock at a random point during the last 20 seconds, when this happens no more bids can be placed. This is to help prevent last second bids.
If someone places a higher bid than yours, you'll receive an alert and your bid amount is returned to you. You can choose whether your bid is refunded to your cash balance or bank account when making a bid and the game will remember your last used option for future bids.
Game Auctions
Some auctions are created by the game. You can identify these auctions because the Bid button is grey, rather than red.
These are generally assets which players have sold to the Black Market during recent days.
Bidding on a game-created auction does not contribute towards your Trade Limit.
When these auctions don't sell, they're immediately relisted with the minimum bid slightly reduced, until a bidder is found. This helps the game to identify the market value for the asset.
Player Auctions
Some auctions are created by other players. You can identify these auctions because the Bid button is red, rather than grey.
Bidding on a player-created auction does contribute towards your Trade Limit. You can read more about how Trade Limits work below.
Highlighted Auctions
Some auctions have a coloured border to highlight them.
Auctions with a green border are your own auctions.
If you're a Certified Gangster, vehicle auctions are highlighted to help identify desireable vehicles.
- Silver border: Vehicles costing between $250,000 and $999,999.
- Gold border: Vehicles costing $1,000,000 or more.
- Blue border: Vehicles required for the "My Cousin Vinny" Mission.
- Red border: Vehicles selected in the "Highlighted Vehicles" section of the Settings screen.
Starting an auction
You can start auctions for bullets, prison bribes, credits, drugs, perks or vehicles from the Auction House on the "Start Auction" tab. Just select the item you want to sell, a minimum bid, how long to list the auction for and how many of the same auctions you want to start at the same time.
When your auction ends, if it has received bids the earnings are paid into your bank account with a 10% fee deducted, otherwise the item will be returned to you.
Note: To sell a vehicle or perk, it must be classed as transferable.
Auto Relist
Note: Certified Gangster exclusive feature.
Enabling the auto relist option means that if your auction doesn't sell, it will be automatically placed back in the Auction House for the same period of time, up to 10 times in total before ending.
Cancellation
You can cancel your auction if no bids have been made. You can do this by going to the Auction House, finding your auction and pressing the Cancel button. Alternatively you can cancel all eligible auctions at once from the Start Auction tab.
Trade Limits
Trade Limits apply to the Auction House, you can read more about them here.
Send limits
Send limits apply when starting certain auctions.
You can avoid send limits by selling assets in the Black Market instead.
Receive limits
Receive limits apply when bidding on auctions with a red "Bid" button.
You can avoid receive limits by only bidding on auctions with a grey "Bid" button.
Statistics
Market Values
Here you can view the Market Value of assets sold in the Auction House.
Market Value represents the average winning bid for a specific asset over the last 3 days. To make it easier to read, the value may be slightly rounded.
Select View to see more information about an asset, including a graph showing how its average winning bid has changed over different time periods.
This information can help you choose an appropriate minimum bid for your own auctions and decide how much to bid when buying an asset.
Select the star to the left of an asset to favourite it. That asset will then be shown first when viewing the Statistics screen in future. You can favourite up to 25 assets.
Buying Record
This section shows the amount of auctions you've won, and how much you've spent winning those auctions, in each category.
Selling Record
This section shows the amount of auctions you've created, and how much you've earned from those auctions, in each category.