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[[Market bidding]] is the process of purchasing [[commodities]] from a [[colonization|colonized]] [[island|island's]] [[commodities market]].  Market bidding can be done from a [[ship]], from a [[bazaar|stall]] or [[shoppe]], or from a market, [[fort]] or [[palace]]. If the fort or palace is inactive, bidding will not be possible from the building until the taxes are paid.

= Bidding on Commodities =
Commodities spawn on colonized islands in accordance with demand.  Players can "bid" for these commodities through the market bidding interface.

[[Image:market_bidding.png|right|thumb|Click for larger view.]]From the [[hold]] on a ship, the "View marketplace" menu in a market, or the [[Shoppe management#The Radial Menu|Manage the Shoppe]] radial menu in a stall or shoppe, selecting "Market Bidding" brings the market bidding interface.

The market bidding interface can be confusing at first glance, but it is fairly straightforward.  In the upper-left-hand area, you can view all the commodities that spawn on the island where you are currently located, as well as the current high bid and volume on each.  In the center-right, you can actually place your bids.  In the upper right, you can view the coffers and deposit or withdraw from them.  In the lower right, you can view bid tickets currently held on the ship or in the stall/shoppe.  In the lower left, you can view the status of your current bids and the bids held on the ship or stall/shoppe.

== How Market Bids Fill ==

[[Dynamic_spawn|Spawn]] rates for a commodity are driven by completed dockside buys.  As commodities spawn, they are divided amongst the highest bidders' bid tickets first.

All bid tickets fill at the same percentage rate over time.  This means if you place two bids for the same commodity: one bid for 100, and another bid for 1000 units, the bid ticket for 1000 will have 100 units ready when the bid for 100 units has only 10 units ready.

The higher your bid volume or the lower your price, the longer it will take for your bid to fill. If you are in a hurry to get commodities, you will get them faster if you bid a high price.

== The Bidding Process ==
Bidding takes place via the form boxes on the right side of the screen.  "Bid" corresponds to "High bid" in the left-side table.  What you put in the "Bid" form box is what you are willing to pay per unit of whatever commodity you choose to bid on.  "Units" corresponds to "Volume"; whatever you place in the "Units" form box is how many units you want to purchase.  

As you place numbers, the "Cost" and "Fee" areas are automatically adjusted. The cost is equal to the "Bid" value multiplied by the "Units" value. 

The fee is calculated as 5% of total Cost + (5% of Bid Price or 10 PoE, whichever is higher). All decimal numbers are rounded off to the next highest digit. 
A common misconception is that the Fee is 5% of the total Cost plus 10 PoE. This is not correct: any bid of 200 PoE or less will have a 10 PoE fee, plus 5% of the total Cost. 
 
This formula is important to keep in mind because it can help you plan your bids to get the most value.  Any bid prices greater than 200 PoE will see increasing savings by ordering larger quantities.  Bidding on one item at 300 PoE will cost a fee of 10%.  But by bidding on a quantity of 20 the fee is only 5.25%.

= The Bid Ticket =
[[Image:bid_tickets.png|left|frame|Bid tickets can be either filled or unfilled.]]Once you place a bid, a '''bid ticket''' is placed in your inventory (if done from a market) or inside a stall, [[shoppe]], or [[ship]].  These can be found under the collapsible section "Bid Tickets" in a player's inventory and under the Market Bidding screen in a stall, shoppe, or ship.  The bid ticket is a handy reference to see if a bid is filled yet.  

== Delivering a Bid ==
In order to deliver a filled bid ticket, you must be at the original island and at a receiving location (a stall or shoppe you own or manage, an unlocked ship in your crew [assuming you are at least a [[fleet officer]]], or a ship you own). Bring up the market interface again, select the ticket you wish to deliver from the ones listed there, and click on the "Deliver" button. Clicking "Deliver" will deliver as much of the bid as can fit; if not all the commodities fit, the bid ticket is amended and can be delivered in entirety at another time.

== Canceling Bid Tickets ==
For whatever reason, you might decide you would rather not have the commodities you bid on.  You can cancel an unfilled or partially-filled bid ticket by clicking "Deliver" on the Market Bidding screen.  If the bid ticket is unfilled, you get the entirety of the "Cost" back, but lose the fee.  If the bid ticket is partially-filled, the filled commodities are delivered and the remainder is converted into the original cost and goes to the coffers.  If the partially-filled ticket will not fit into the delivering location, the bid ticket is split into three things:
*The portion that can fit goes into the hold.
*A new bid ticket is created for the number of commodities that couldn't fit but were filled.  It is created as "filled" also.
*The unfilled portion is returned as PoE.

Note that in order to cancel a bid, you must be in a location where you can receive the bid (see above).

=External/Other Links=
* [[Bid tickets (Idea Links)|Commonly discussed ideas]] from [http://forums.puzzlepirates.com/community/mvnforum/listthreads?forum=2 Game Design]
*[http://forums.puzzlepirates.com/community/mvnforum/viewthread?p=296690#296690 Faulkston's Market bidding links]
*[http://ouroborus.org/Y!PP/calc/ Market bidding calculator] (Lower down on the page) Calculates fees into cost per unit on both full and partial bid tickets.

[[Category:Gameplay]]
[[Category:Terminology]]
Return to Market bidding.
Retrieved from "http://yppedia.puzzlepirates.com/Market_bidding"
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