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999 vs 1000 - what do you think ?
anatas07
Member Posts: 164 Bounty Hunter
I am sure I'm not the only one wondering about this and I'm sure you all know what is all about.
Can be as well 9999 vs 10000 or 999999 vs 1000000 (don't count the zeros, you got the picture).
Is all about you having an item on market with a buyout price and someone else posting an item with a buyout lower by 1 unit. I know is frustrating and annoying
Anyway, what would you do if you want to buy an item, see one at, let's say, 999 and one at 1000 (and ofc the one at 999 posted a bit later than the one at 1000) ?
I personally buy the one at 1000 (again the values are purely random), but I'm interested in others opinions ...
Can be as well 9999 vs 10000 or 999999 vs 1000000 (don't count the zeros, you got the picture).
Is all about you having an item on market with a buyout price and someone else posting an item with a buyout lower by 1 unit. I know is frustrating and annoying
Anyway, what would you do if you want to buy an item, see one at, let's say, 999 and one at 1000 (and ofc the one at 999 posted a bit later than the one at 1000) ?
I personally buy the one at 1000 (again the values are purely random), but I'm interested in others opinions ...
If you see this and have the answer - PM me or answer real quick because this post will be removed
Post edited by anatas07 on
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59.99, 29.99, 99.99 ecc... it's a psycological thing to fool you into thinking you're saving 5,10,100ecc.. when you're actually saving 0.01.
Heck, even Cryptic/Perfect World does it. Hero of the North 199.99 and Guardian of Neverwinter 59.99 lol :P
It's just a standard business procedure, and I suppose that players attempt to put it into use in game too.
Nope, he's not talking about that. He's talking about people undercutting the best offer by a few AD as opposed as doing a real "better offer". I.E. if i see most offers for the item X are 5000, i'll place a 4800 offer as it is somewhat sensibly better. Some people will just drop a 4999 for the sake of irritating whoever is selling... :P
Even Wal-Mart does this. If you doubt this, look at the MSRP of a given item (or if you know the MSRP) and then look at Wal-Mart's price. It invariably ends in .96 or .97 . Psychologically, it makes the customer think they're getting the lowest price possible, and in point of fact it butresses Wal-Mart's claim as "the low price leader" but in practicality it's bupkis.
Great Weapon Fighter: Because when is today not a good day to die?
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Also I read that a study showed that the 99 better value didn't apply so much nowadays. Fun fact, in some counties if you're charged 99 cents, they don't give you the 1 cent change.
The thing is that if no one bought the item posted for 500,000, they're not gonna buy the item posted for 499,999 either because it's still too much, so unless it's a really cheap item, it only makes sense to post it at a greater difference than just 1 AD.
Kaylee Krankenwagen, level 60 GF | Tavandruil Wayfinder, level 49 GWF | Aldith Langley, level 51 HR
And indeed, this is how real life prices work. Look at any trader's screen. In a liquid market, you are not going to see orders at X then the orders blow that at X+/-10%. The next order will be one minimum unit difference.
Of course, in less liquid markets, e.g. very high priced items, discounting by such small amounts will not do you any favors, typically.
I sell an item that I posted for 100 and I am going to get 90 after the AH takes their cut.
I sell an item that I posted for 99 and I am going to get 90 after the AH takes their cut.
Why should someone pay an extra AD when I am going to end up with the same?
Hyenas@zokir - Essence of Aggression
Anyway, as someone reminded us about AH fee (the 10-12% one) - anyone understands that fee ? I mean really understand it...
Wow .. that was fast. Hat off for you sir
Yep it's a AD sink ,its a convenience service that everybody needs to use ( well maybe not NEED but it makes selling and buying a lot easier) so the developers have put the fee in place the siphon off what probably amounts to a massive number of AD every day out of the games economy .
In this game I do not see the point. We are able to see the sellers by default so we know that people are being undercut by a single margin. Some people try to play the market like that in high quantity, but in this game there is a few day limit on how long the items will be up for sale.
I am new to this game, so I don't understand fully. When the auction is posted, doesn't the AH get a cut? Then I think there's a maximum of 5 days or something then the auction ends. So technically instead of posting the items at more attractive price which would more likely sell, they may not sell anything and just get the items returned. Then they have wasted money on the AH fee, or does that money get returned? If they have to pay for the AH fee and not get a return then pay again to put it back up, obviously they are spending more money than they are gaining from the sales.
If the AH fee is not returned with the unsold items, it's a totally legit system to try and sway people from doing those silly undercuts.
Kaylee Krankenwagen, level 60 GF | Tavandruil Wayfinder, level 49 GWF | Aldith Langley, level 51 HR
There is both a posting fee and a tax/cut that the AH takes. The posting fee is returned if the item is sold. The AH takes its cut if you do sell the item. The standard cut is 10% of the sale price. (It use to take 12% if you accessed the AH remotely to put the item up for sale. No idea if this is still the case. I heard it was changed, but I also heard others complaining that it wasn't really changed. So I don't know.)
The amount of the fee is based on the min bid price. If you don't put one it uses the buyout price instead. A min bid of 1 will have no posting fee. But of course, you might wind up selling your item for way less than you want.
It really depends. If you undercut a lot then people may be more tempted to buy it seeing it as more of a deal. However if demand is high even or on a rarer item lots drop in a short time frame for other players, they may want their item to sell, if they undercut a lot, it can lower the market value. Sometimes you can sell an item cheaply but still sell it for more that what you would in a few days if the value sinks, however if other people think the same, then you will have to sell for even less in which you yourself have contributed to and if you got any further drops could screw you in time.
To the guy above, yes the remote AH is actually fixed this time.
Not charging the more sensible, and courteous, 9 AD rather than rounding to 10 is being a clown.
That extra AD doesn't go to you, so asking someone to pay it is just silly. It's an illogical attachment to round numbers.
Since 1 AD is such a large amount right, you're cutting people such a wonderful deal way to go pal!!!!