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Let me teach you giys a lil something about the auction house
runonnike
Member Posts: 337 Arc User
Its annoying, it messes up entire stacks of products, and it doesn't benefit anyone. Undercutting. In the auction house, you see it every day. A lesser plague fire sells for 120k ad. Two hours later, the lower price is 100k, and 30 minutes after that, other people try to match (and even lower) the price so it only sells for 90k.
Now lets think about the people it affects. First: the people who put the same item up on the auction house 2-3 days ago. They will probably lose their complete sale. Furthermore, if they are trying to sell more than one, it adds up to more and more money lost.
Second, the seller. Simple question: why make 90k if you can make 120k?
Third, the consumers. They see an silvery for 60k. They spend a month saving up. (I'm speaking for the majority of people who don't spend their whole lives in the auction house.) Then when they check the price again...bang!! 80k ad.
So in conclusion, as a smart guy, Trace (love his guide
) once said, it's bad auction etiquette. 1% cutoff is fine. 2 and 3% isn't recommended, but it is a hell lot better than the 30% to 40% some people are giving.
Play smart guys.
Now lets think about the people it affects. First: the people who put the same item up on the auction house 2-3 days ago. They will probably lose their complete sale. Furthermore, if they are trying to sell more than one, it adds up to more and more money lost.
Second, the seller. Simple question: why make 90k if you can make 120k?
Third, the consumers. They see an silvery for 60k. They spend a month saving up. (I'm speaking for the majority of people who don't spend their whole lives in the auction house.) Then when they check the price again...bang!! 80k ad.
So in conclusion, as a smart guy, Trace (love his guide
) once said, it's bad auction etiquette. 1% cutoff is fine. 2 and 3% isn't recommended, but it is a hell lot better than the 30% to 40% some people are giving.Play smart guys.
[SIGPIC][/SIGPIC]
Post edited by runonnike on
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Maybe its the recomended "Buyout Price" that throwing people off? Maybe its a problem for devs to fix.
▁ ▂ ▄ ▅ ▆ ▇ █ Gankdalf The Icehole █ ▇ ▆ ▅ ▄ ▂ ▁
If you've posted something that hasn't sold in 2-3 days you are asking too much. The person who posts the item for the most that someone else is willing to pay is the only person pricing their item correctly, everyone else is overcharging and risks losing their deposit. If it truly concerns you then post a low starting bid and take the risk that someone lowballs and wins.
Basically everything in the original post is wrong.
I would rather sell 4 things in 2 days for 90k than 1 thing in 2 days for 120k.
I'm in the selling business, not in the marketing business.
If I have a drop I want to sell I want to make sure it does sell...
Certainly it causes problems when there are a lot of people like me but, meh. If the product sells I am happy even if it is for less than I could have gotten. If it doesn't sell I am unhappy.
*shrugs*
2. So he will just wait until the item is put again on the ah for 60k? People that dont earn much AD benefit from undercutting because they have an opportunity to buy an item for a lower price if they wait and watch it on AH.
3. As ppl above stated - some ppl prefer to earn AD as fast as possible, not as much as possible (or, for example, they saw and undercut item they want to buy and they need a little bit more AD to purchase it so they sell something undercut as well).
Pretty much this. If I have something I want to sell, I just want to get rid of it for some AD and don't really care if its a non-optimum price.
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Being generous.
Last week I rejoiced at the person selling two coal wards at 10k less than the next cheapest.
This week I am angry at the people undercutting my Lesser Vorpals that I made with the aforementioned coals. I listed them slightly above the base line, now they are quite a bit above the base line and have only moved one of them.
So you are complaining about undercutting, and think price fixing is alright?
Let the market run free, if no one is buying your product at the rates you want but they are selling like hotcakes at a lower price, then maybe you should lower your price and match it. I think things are way to expensive as they are now, its completely silly and unrealistic rates, and if something is common it should be way lower.
Oposite is also true, if he sees one for 80k ad and come to buy it a month later and find it at 60k.... Youpi!!
Its all about demand/offer. What you asking for, like someone said, is something that is illegal in alot of places: price fixing. It will never benefits the customers, just the sellers (well, in the real world). If people undercut it means that they can afford it. If a X item is 100k the monday morning and 140k the saturday night, its because there are more ppl playing on the weekend evening = more people wanting the item (oposite could also be true : more ppl looting the item = price droping).
But I agree undercutting by 30-50k is... quite a lot. But you might be able to sell 10 item at 150k, while you would only sells 3 at 200k. (than come back next day/week whit 10 more item (7 remaining from last time), what would you do? sell them back at 200k? or drop to 150k?)
And if the item is not worth my time and effort to sell (like Ancient Mulhorand Cloak) I tend to give them away when I have one.
Wake up people, this is all pixels and lights, you are certainly not going to put food on the table or gas in your car playing with an online auction house. The more people that enjoy the game the better the game is for us all...........
Simple question: Why lose deposit cash and have the item sit there for 2-3 days not selling, when you can make 90k?
NW-DMFGWPBN3 The Lost City - Review Thread
This +1 , when I put an item in the AH I want it to sell fast , I couldn't care less about flippers profits all I care about is my AD balance.Or to put it simply , as long as I get a price I'm happy with I don't care how unhappy others are.
That said, it's usually sensible to undercut the slower selling items, eg, rank 8-9s, greaters and BIS gear but go for a low, but not absurdly undercutting price on fast moving items like R5 stacks, etc.
I put an item (fairly pricey) up last night, about 5% less than the next closest item. It was gone this morning. There are others like mine still counting down that 5 day timer... While they wait, and likely relist, I can take my money and flip something else.
Seems to me like undercutting got me paid, and will let me make more money, faster.
Well said!
However, on a "high ticket item", such as a Lillend, Perfect Vorpal or something similar I will usually spend a little more time watching the market and choosing my price point more carefully. On those items I AM looking to maximize my profits.
This says it all.
Yes I undercut. Why? Well, I want to sell my item plain and simple. I want someone to spend their ADs on my item rather spending it on another persons item. I win because i sell an item i don't have a use for and get ADs I would have never had, and the purchaser wins because they bought an item they wanted at a discount.
Supply and demand. I am sitting on coal wards and waiting for the lvl 1 epic gear to drop. Mul bows went from 120k last week to about 90k this week. As people are rolling less Rangers and the new class honeymoon is coming to a close. When they hit 50-60k I'll be buying some. The coal wards will continue to increase in price, especially after the sale is over, I believe.
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