Dungeon bidding?

[nadsat]

All right , so i have played mmos before, like metin2 and dragon nest, but i have never seen this bidding system.Would someone be so kind to explain how it works xD?Cheers.

[Menester]

Well.. You bid your money for an item, the player with the highest bid wins, if You don't want it, then you press the Pass button... that's all.

[DiabolicalTeemo]

To add on what Menester said, if everyone passed on the item its "market" value is split between the players. It's a unique way of doing a loot system but I'd prefer being able to choose between BnS Loot and Normal Loot.