Explain How The Guild Store Works

Batmanx17

I currently own an Xbox One guild with 70 members and we are all still trying to figure out how exactly the guild store works. I understand you have to do a bid on a merchant in order to get your guild store posted there or acquire a resource in the Cyrodil (we acquired a lumbermill last night). However, how do you know if you are leading in the bid? Is it a blind bid and you have to just throw money out blindly in hopes that you aren't overpaying for the guild store that lasts only a week? If someone can perhaps go into how this works a bit more it would be greatly appreciated!

driosketch

It's blind bidding, highest bid wins. If you lose, you get your bid back. Any kiosk not bid on can be hired for 100g at the start of the week, first come first serve.

Traders in Cyrodiil are first to claim, and remains as long as your faction controls that keep or resource.

You can have one of each, but you'll see less buying on the PvP side.