I would like a gem or two for powerstone purposes, and throw in the lot for the chain shirt (assuming multiple players want this so it would only be fair to gain it by chance -- winning it would exclude you from the next "lot"). I submit that we should sell off the "generic" equipment and divy the earnings equally amongst those present for that section of the adventure -- Ryan, Sean, Shon, Jon, Spencer.
Potions should remain in party treasure to be used as needed.