I'm here to sell a very lucky Super Blast Bomb with Very High Charge Time Reduction on behalf of a friend, but I'm tremendously confused by all the abbreviations and such.
Above all else, these should be explained in a sticky: S/O, C/O, C/O
My guess is Starting Offer, Current Offer and Buying Offer, and that they mean starting bid, current bid and winning bid.
Also, the formalities for auctioning should be explained somewhere, such as how make and receive bids, how to set a time limit, etc...
As it is, this subforum is very opaque to new users.
b/o is buyout. s/o and c/o were correct.
the formalities are up to you. setup an auction how you wish. many bids are received in the forums. whispers or mail in game are also generally accepted ways to bid.
as long as you don't anger your customers, your personal setup is largely a non-issue.