Here are my thoughts on the Auction House idea... Work it like a raffle.
Exotics that require completion of a quest cannot be Raffled off. RNG items ONLY.
No real world money should be involved, ever.
Putting an item into raffle will give you back and engram equivalent to what you put in. Example: you submit a Suros Regime into the raffle you get an Exotic Primary Engram.
Your first raffle entry of the day is free, after that, each one costs you 5,000 glimmer, this is to prevent people from re-rolling engrams and flooding the market.
You can buy as many tickets as you want to increase your chance of winning the item.
These raffle tickets can be paid for with any currency, material or consumable, but at a rate designed to be inflated so people can get rid of their excess, such as 1 ticket for 2 exotic shards. Currency used to buy raffle tickets is gone forever.
Any item can only be raffled 1 time in its life. This is also to prevent market saturation.
The raffle period for any given item will be dependent upon how many of that same item are up for raffle. The more duplicates there are, the shorter each raffle period is. This is, again, to help prevent market saturation.
Within the raffle period, if no tickets are purchased the item is gone forever.
Maximum raffle period is 2 hours, minimum 15 minutes.
Thoughts?
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I really like the idea with this raffle. Maybe having certain types of raffles.