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As mentioned in the "Lowdown" thread, The Abyss Chronicles will introduce a new feature: the Consignment House. Now, Wikipedia tells us that "consignment is the act of consigning". After that nugget of truth, it goes on to explain that consigning "is placing a person or thing in the hand of another, but retaining ownership until the goods are sold or person is transferred."
To elaborate on what it means for Hellgate: London, you will be able to post items up for buyout by other players (no bidding involved). Think eBay's "Buy It Now" option. So, strictly speaking, "auction house" would be a misnomer. Hence, Consignment House.
Bidding is being considered as a future aspect of the Consignment House.
-- Scapes
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meaning:
trading will exist in hellgate at the time of this update