I just watched the auction in Podal Plaza. I have a huge amount of cash from a couple rounds of gambling and the mounds of money the game keeps throwing at me just for looking around, so I tried to outbid the guy in plain clothes. He pulled some wizardy crap and ran away with the loot, and I never learned what the item being auctioned was, which I presume was the whole point of my attending the auction. I did, however, learn what I presume is the name of the man. Does the clerk care how I approach this quest?