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An auction is a Gemstone event that can be both Gamemaster and player run.

Past auctions have been held at pay events, such as the annual Ebon Gate Festival of 2006. They may also be a stand-alone event, such as the Great Auction of 2016. A Meeting Hall Organization or Co-operative Houses of Elanthia may have an auction, such as the past Blind Date Auction in 2017.