Blizzard put up a reminder on Battle.net today that it will be shutting down the Diablo 3 Auction Houses on Tuesday, March 18. The company announced its plans to shut down both the real money and gold auction houses back in September of last year.
Blizzard said that it would release "additional technical details regarding the shutdown including how this will affect active auctions, items in the Completed Tab, your existing Battle.net Balance, and more next week."
In its FAQ dedicated to answering questions about the shutdown of these Diablo 3 services, Blizzard offered the following on why it decided to shut down the auction houses:
"The gold and real-money auction houses have provided a convenient and secure system for trading, but it's also become increasingly clear that despite the benefits they provide, they ultimately undermine Diablo’s core gameplay. A big part of Diablo is the thrill of battling demons and finding epic loot. While buying epic loot in the auction houses might be more convenient, it doesn't feel anywhere near as heroic as plowing through a pack of fearsome-looking monsters and having them drop that one awesome item that seems like it was made for your character."
Players who exploited a bug in the game and flooded the market with trillions of ill-gotten gold last year probably had a lot to do with Blizzard's decision as well.
Source: Blue's News