Auctions would really beenfit the following two features:
Minimum Bid Increment: The value users must bid above the current top bid in order to replace the existing bid. Right now, there is nothing stopping users from outbidding each other by 1 over and over, spamming chat.
@topbid@: Right now, there is no way to know the winning bid, other than to have the broadcast timer set very low. This can spam chat, especially if you are running an auction over several hours. A variable to retrieve the current highest bid and report it in chat would be very helpful.