Chapter 542 System Auction (2)
The scale of this auction was unlike any other auction Rudra had ever witnessed , as he saw hordes and hordes of humans flooding the lower booths of the auction house as he estimated there to be nearly 70-80 k guild leader of third and second rate guild who had participated in this auction who sat in these lower seating area
The competition for these guys was going to be the most Fierce and the most unfruitful , as there would be hardly 20-30 items that would fall into the laps of those in the lower seating area and estimated 70-80 thousand people bidding for it.
Hence the difficulty of obtaining one at a suitable price was just that much more difficult , as it was practically impossible to buy an item without overpaying for it when seated at the lower seats , negating the profit for entering this event to 0.
Even then obtaining a single item in the auction regardless of what was obtained would skyrocket the guilds share price the next day , as the share market was exactly such an unpredictable place , that fluctuated violently for the small cap guilds over the slightest of news.
This was why despite knowing the downside , those 80k guilds still competed with each other fiercely for even getting a single item!
The scene however completely changed once one got to the upper levels of the auction.
The upper levels and the gallery were usually filled with either extremely prominent solo players or adventurer parties or first rate guild leaders.
These were the people who maximized profits from the auction as they could easily outbid the lower seating players with their deep pockets , reigning supreme over low grade items.
However , the profit derived from these items could easily propel their small party to new heights , which was why the trade was extremely profitable for them.
After the gallery came the VIP boxes.
There were 53 VIP boxes in this auction and 12 VIP+ boxes with only 3 King boxes.
The VIP boxes and onwards were the big leagues , nobody could underestimate anyone sitting in these boxes and higher ranking boxes did not necessarily translate to more economic prowess.
The whole point of the heirchy within the auctions was to alert those who were below to take note of who they might offend should they bid for a said item against that said party.
The higher the box , the bigger the bigshot that sat inside it , hence the more should one think before antagonizing them.
While the VIP boxes gave the user inside anonymity inside the auction , as they were to spend millions of gold coins to buy stuff , sending much needed gold reserves back to the system AI , regulating the currency supply market . The VIP boxes only protected a user until the auction was over.
With only 68 bigshots of the bigshots present , there was not much room to hide or deny the purchase of any items once the auction was over . Hence although there was reasonable doubt , there was always a way to find out later on about the authenticity of the purchase .
Hence VIP boxes and above , although there was a layer of anonymity attatched , it was basically a clash of power and monetary prowess as a party had to basically bid for an item with their chest our with a bold declaration of this is my item BACK OFF , for them to win a bid .
Anyone who did not have the capability of safeguarding the items that they would procure from the auction , were basically giving their enemies free money , as the bloodthirsty hounds would not even take a week to supress that organization should the money be sufficient for it.
Which is the reason why , solo players without any backing cannot perform well inside Omega. The limitations of going solo become more and more obvious the higher one tries to reach.
To go higher , one needs to have a wider base , and a solo pole can only reach , so much height before it bends and breaks.
However the bosses were undoubtedly the one's inside the king rooms . Rudra had one however he had no idea who the other two were , as although there were many notable organizations within the nothern continent , it was impossible to know which one's would have a king status and which one's would be VIP+
Rudra was in king room 2 , which was all that mattered at the moment , as for this auction he had a huge money pool and hardly 2-3 items that he wished to bid for , giving him excellent odds.
After a while once everyone settled , the auctioneer came to the stage.
The auctioneer this time was from the Beastmen race , as an elegant looking Foxman adjusted his spectables as he announced the rules of the event.
" Ladies and gentlemen welcome to the seventh edition of the cuber corporation auction. This auction will take place in three phases , each phase lasting one entire day.
Leaving the auction and re-entering is prohibited for everyone except the VIP members , while restocking and transfer of funds is permitted without limit.
Incase of emergency there are currency to gold conversion centre's available within the auction house and it will be active at the stable rate of 500 dollars to 1 gold throughout the auction. However a 1% convenience fee will be charged on all transactions.
Phase one of the auction will begin in a short while , and it will be the rapid selling round.
An item will be displayed , with its features listed and one needs to type in the amount they wish to bid for the item within these 90 seconds.
There is a lowest amount and a buyout amount specified , and one must enter their bids in that range itself.
The one who enters the highest amount inside wins the item , and incase of two people wishing to buyout the item, the player who would have pressed buyout first would win the item.
There will be no round robin bidding and outbidding during the first phase.
Please prepare for the auction , the first phase starts in 7 minutes , i wish all of you gentlemen good luck ".
/// Bonus chapter 2/5 ///