On many occasions Blizzard admitted that they regret the auction house in Diablo 3, both the real money and the gold money auction house. With this in mind Blizzard has been recently developing the new loot 2.0 system that should solve this problem.
They have just announced that they will be shutting down the auction house on March 18, 2014. Shutdown will include the real money and gold auction house. The company has posted a video on youtube in which they explain this new auction house update.
It's very rare that big companies like Blizzard admit there mistakes, and especially in such an open way, so Blizzard definitely deserves big respect for this decision. With the auction house out of the way Blizzard can focus on their recently announced expansion for the Diablo 3 the Reaper Of Souls, witch should bring better gameplay, new quests and the new loot 2.0 system.
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