It's my opinion that unidentified items are almost worthless now. If people are using them for unlocking in PvP, you're better off buying a bunch of cheap keys, or, since faction is easier to get, just fighting in the arenas or whatnot. If someone is going to gamble, well, I don't expect even then that they'll put out much for it. I'd identify the axe and hope for the best.
Rico
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