About the Black Market
By STAFF_Alex
Dec 20th, 2023
Greetings Saviors, this is Tree of Savior.
In this post, we will introduce the Black Market System.
What is a Black Market?
The Black Market is an auction system where the second-highest price is open to the public.
Bid prices are managed by a private first-place price and a public second-place price.
The highest bid you can see from the "[Black Market] Auctioneer NPC - On-going Auction" in your town is second place.
Only the highest bidder can check the private first place from the My Auction Status tab.
All auction items have a minimum bid, and you must enter a bid above this price to win.
The bid price can be entered in increments of 1 million, and you must also have that amount on hand.
There also is a 5-second re-bid cooldown.
Example Auction Scenario
Let's walk you through a scenario.
Let's assume the minimum bid is 5,000,000.
A bids 7,000,000.
The bid is successful and the highest bid (second place) remains at 5,000,000.
The private first price would be 7,000,000.
B can then bid from 6,000,000, a price that exceeds the highest bid (second place) of 5,000,000.
1. If B bids 6,000,000, the highest bid (second place) changes to 6,000,000, and B fails to win the item.
2. If B bids 7,000,000, the highest bid (second p[lace) changes to 7,000,000, and B fails to win the item.
- Now that the highest bid (second place) and the private first place are at the same price, the winning bid can be passed on to the next person who bids higher.
Let's assume that B bids according to situation 2 above, resulting in the highest bid (second place) of 7,000,000.
If C bids 100,000,000, the highest bid (second place) will remain at 7,000,000, but the private first place will be 100,000,000.
As a result, C wins and A loses the right to bid, and 7,000,000 coins are returned to A.
Bids that fall short of the private first price of 100,000,000 can only change the highest bid (second place) and cannot win the auction.
Let's say the auction continues and the highest bid (second place) is 70,000,000 when the auction ends.
C wins the auction item for the second highest value (70,000,000), and the difference (first place - second place), 30,000,000 coins, is paid to the Market Retrieve Tab with the winning item.
This auction system avoids the stress of racing to the end of the auction by allowing bidders to win an item at the second-best price, even if they pre-bid the maximum price they think they can pay for the item.
Therefore, bidding in a situation where the first-place price is not known until just before the end of the auction may not be a reasonable option.
We hope you enjoy the Black Market.
Thank you.