The company says that it has no plans to open the auction house for business until all other issues are resolved.
'Diablo III,' like practically all games with an online component, has been off to a rocky start. The game has been plagued with errors and server issues and some that purchased the game haven't even had a chance to play yet. Not a great way to kick things off.
Blizzard has apologized for the issues and is currently working to make sure nothing of the sort happens again, but they've also announced that the grand experiment of a real money auction house is going to be put on hold. The original launch date was May 22nd – at the time of this writing, Blizzard has not announced a new one.
Source: Shack News