Why no Auction houses?

Hey all,

I was wondering why there arent any auction houses in the town(s). I'm level 15 and starting to get alot of purple items (and one gold so far ) and don't play to often to know what the prices of the items sell for. Are there auction houses in the game and I just haven't reached them yet? If no, why was this overlooked?

Thanks in advance

No auction houses what so ever right now.

mayble something for future expansions or the next major update

God I kinda hope not...those things are serious timesinks....