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ANet has stated countless times an Auction House can't be implemented because the current architecture of Guild Wars doesn't support it. Why people keep signing this is beyond me. It's not like this feature is magically going to be possible just because the playerbase wants it enough.
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I feel like Anet just isn't trying on this one. Of course it could be made to work. So don't have an "in game" auction house, instead have an "in client" like the Guild Wars store which is already up and running. I could settle for that. You could take any items that are in your Storage Chest and place them for sale, and when you purchase an item, it goes into your Storage, not a specific character. I fail to see how something like that couldn't be possible.