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Items worth 0-500: Sell at regular vendors
Items worth 501-5000: Go to caldera, and sell it to the creeper in the first floor of the house next to the smith.
Items worth 5001-500.000:
Say you have an ebony helm worth 15.000.
Go to the creeper. Give him the 15.000$ item and in return, take 2 pieces worth 5000. This way you will sell your 15.000$item for 5.000 + you'll get 2 items you can sell for an additional 5.000 each.
With things worth over 100.000 you might have to "split" the items up, if the creeper doesn't have enough 5000$-items.
It's very easy. I have about 300.000 know, and I still have about 80% of the loot from the telvanni, hlaalu and redoran vaults left in chests in balmora.
I used about 150.000$ on training, and I jumped from lvl 12 to 38 on nothing but training.
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