How "accurate" is the Auction House auto-price when setting consignments?

vengefulfury

It is nice that it automatically sets down a price for what it thinks is reasonable but just how accurate is it? Call me sentimental but i don't like charging people more AD's than the item is worth but i just don't know how to come to a reasonable price.

So is what it sets down reasonable or what should i do? I've tried going through listings of the same item(s) to see what sort of AD they fetch and the AH auto-fill seems to be about right...

glaknar

I cannot answer the question accurately, however I can say that I have posted items for them to be sold seconds later. This tells me that it undercuts by a lil bit at least.

khimera906

I totally understand. I like to put items for a reasonable price in the AH myself.
Best thing you could do is check the prices by yourself. The auto-pricing doesn't always set the prices the way you would like.

dardove

glaknar wrote: »

I cannot answer the question accurately, however I can say that I have posted items for them to be sold seconds later. This tells me that it undercuts by a lil bit at least.

It all depends on the item. If an item has dropped in price recently the suggested price will lag behind for a while.

ladymythos

I simply search for the same item I'm about to sell, then sell it for slightly less. So if it sells for 60k AD, I sell it for 55k AD. It doesn't matter if the auto-price tells me its worth 10k or 100k. (and btw, the reason I sell it for slightly less is simply that it makes the chance of people buying it increase with a few hundred percent. Put it this way: Iin SW: Old Republic, I sold crafted mid-level crystals for a bit less than anyone else, and made a small fortune in a matter of days.)

eldarth

Every time I've compared prices it seems to be drastically undercutting the market.
If the lowest buyout price is 50k, it seems to put in something like 30k, so I don't trust that suggested price at all.

sirjesto

It's different for every item The AH is taking an average of what an item has sold for recently (within a few days to a week). As Dardove said, If an items market price has changed due to different reasons, the suggested price may be a fair bit off.

ordensmarschall

eldarth wrote: »

Every time I've compared prices it seems to be drastically undercutting the market.
If the lowest buyout price is 50k, it seems to put in something like 30k, so I don't trust that suggested price at all.

I've also seen it ridiculously over price items at times, so it's best to check what the current prices are and then post your item.

khimera906

ordensmarschall wrote: »

I've also seen it ridiculously over price items at times

I don't get why people do that. If someone wants to move AD from one layer to the other, they post cheap stuff, like treasure items, not something relatively expensive. Posting a C. Ward for 100 millions will ensure that they don't sell the item and they will pay a lot of AD as posting fee. I've seen this in other games before, and the reason someone gave me is that he thinks that because someone has that kind of gold/AD they are willing to buy their overpriced items.

nameexpired

khimera906 wrote: »

I don't get why people do that.[...] Posting a C. Ward for 100 millions will ensure that they don't sell the item and they will pay a lot of AD as posting fee. I

I think they pay only 2% posting fee of the lowest bid if there is one. And if they sell the stuff they have to pay anyway 10% of the selling price, minus the posting fee.

and if they sell for 10kk AD they should not have to worry about the 10% AH cut.

angrysprite

Auto bid and and buyout pricing is determined by their respected average purchase-prices over the last week (possibly two).

As for moving AD from one account to another, the Auction House is doin'it RONG. To move AD use the AD/Zen exchange:

Buy Zen at 1 to 50 (Zen to AD). Buy as much Zen as necessary to post the desired amount of AD. Change character to your "bank" character. Have your bank character go into the Zen Exchange - view your posted listing and cancel. The AD will be redeposited into your account bank - and that AD can be withdrawn to any of your characters.

Note: if you already have a balance of AD in your account 'bank' - you must withdraw ALL of it first, otherwise any Zen Purchase posting will use the bank funds first (before any inventory funds).

(Sorry for detour from post topic, but since it was brought-up I thought I'd contribute the tip. I suppose I should update my Neverwinter Wiki "Economy FAQ" page with this information. Just haven't had the time.)

Edit: I've updated my Economy FAQ at the neverwinter WIKI. I haven't mentioned this question (the OP question in this thread) because I just don;t think it's big enough of an explanation needed for a wiki page.

pitshade

angrysprite wrote: »

As for moving AD from one account to another, the Auction House is doin'it RONG. To move AD use the AD/Zen exchange:

The auction house is the only way to transfer AD between accounts though the method you describe is the best way to transfer AD from one char to another under the same account. It's even better now that the AD Exchange is available on the Gateway, as you can use that to move AD from char to char without having to switch in game.

walk2k

I think it's pretty accurate unless someone has grief-listed some item for 100,000,000 (the max you can sell an item for) hoping that someone mis-clicks and buys it by accident.

rexfire91

Not terribly accurate, apparently. I recently placed a single portable alter in the auction house to see how much it would sell for (figured it'd be in higher demand due to siege of neverwinter event) and the auction house's automatic price setter put it at over 78k AD. Afterward I decided to check actual sales of Portable Alters and I found that they tend to go for 360 AD apiece (give or take). Too bad I found that out after I had already posted my single Portable Alter. So I guess that's 7k+ down the drain for trade house cuts. Thanks a bunch for false advertisement, action house.

darkstarcrash

rexfire91 wrote: »

Not terribly accurate, apparently. I recently placed a single portable alter in the auction house to see how much it would sell for (figured it'd be in higher demand due to siege of neverwinter event) and the auction house's automatic price setter put it at over 78k AD. Afterward I decided to check actual sales of Portable Alters and I found that they tend to go for 360 AD apiece (give or take). Too bad I found that out after I had already posted my single Portable Alter. So I guess that's 7k+ down the drain for trade house cuts. Thanks a bunch for false advertisement, action house.

That's not the AH <font color="orange">HAMSTER</font> with you, that's from people using Altars to move AD to another account, as discussed above.

Since the suggested price is an average of recent sales, it over-values the rare high prices. Using a median value would give more realistic results, but it's better to always check actual offer prices yourself rather than rely on the suggested price.

Unknown

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lewstelamon01

Holy smokes, someone call Kelemvor. Friends don't let friends help Valindra gain power by raising threads from the grave. Back to the Nine Hells with this one!!

Also, per the EFAQ, using the AD exchange to transfer AD between accounts is not allowed--only between characters on the same account.