Wow, I don't give a **** about you making money, that is your issue not mine. I ALWAYS and I say ALWAYS undercut what I am selling by 10 to 15%. Most of the time it sells before I close the Auction window. Why? Because I am hoping that someone who has worked his but off saving AD can benefit form the cheaper prices. I have over 5 million AD in my bank account at any given time, so the hunt for AD is irrelevant to me. I sell cheap so others can benefit and enjoy the game like I do.
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...........
It's just the variation of supply and demand. Sometimes farmers (botters?) drop 20 stacks of 99 items at half the minimum price, people buy and relist stuff, and prices go down quickly. Sometimes farmers/botters take a vacation, and prices go back up.
I play the AH game since the rest of the end-game is either unbalanced or buggy as hell. Sometimes i get undercut, sometimes i undercut others, it's about who can make the best evaluations of the market: calculate the farmers/botters activity cycles, the future availability of items and the general profitability or usefulness of items. You fight to offer the best prices that still net you the most money, and as every pvp game sometimes you win and other times you lose.
Undercutting is a form of business. It allows the market to breath and live, and allows players who can't afford to be price-gouged by ridiculous markups to catch great deals. Some people don't know the value of what they are selling, and just want it off their hands quick. They make the 'great deals' that you can sometimes luck out and catch on the market.
And honestly, I have seen more 'great deals' bought up by the people who play the market all day and resold for sometimes twice their value. I've never had the patience or wealth to begin making my fortunes off the AH, but I know alot of low-bidders who carry away with millions of AD a day by doing so.
Try EvE online if you want to see the expression of a real free-market system. THAT really gets cut-throat.
"Every adventurer has two things in common: they don't like dying, and they love getting paid. The rest is just semantics." Brecken, famed mercenary of Baldur's Gate
degraafinationMember, Neverwinter Beta UsersPosts: 0Arc User
edited January 2014
Some good comments in this thread. A few reiterations...
1) Cheaper items do move more quickly. This is why I have a love-hate relationship with botters. They provide my main source for AD (flipping), but are also my primary undercutters. That makes me very attentive to the buy price, because I have to buy cheap enough to make a profit, and post it moderately enough to resell quickly.
2) Some people go for bigger profits, I go for faster turnaround time. There's a guy in my guild who snipes items really low, and posts them really high. He normally buys on the weekdays and sells on the weekends (when there's more traffic). For me, I like 1-2 day turnaround periods.
3) Get used to undercutting. It's the name of the game.
4) I think the worst botters are the ones who post at retail prices. Seriously? All this time farming hundreds of stacks of 99 and you want to sell them at high prices? Do us all a favor and dump them off quickly and cheap. But they'll sit in the AH and post two or three stacks, barely undercutting... they'll sell and do it again. So frustrating.
When the AH gives me the ability to look up the last 5-10-15 sales, especially the when and how much parts, then I will look at it more closely.
As it is I only see what is posted.
If one person has something posted for X much and everyone else has it higher, I can not justify posting at the higher rate.
I don't even know that people are buying at the lower rate.
If someone posts something at a rate that you think is too low, feel free to buy that and re-list it yourself.
I promise that you will not hurt my feelings if you buy my stuff for market manipulation purposes.
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.
Agreed. Undercutting is part of almost any economy. It's how you win customers.
4) I think the worst botters are the ones who post at retail prices. Seriously? All this time farming hundreds of stacks of 99 and you want to sell them at high prices? Do us all a favor and dump them off quickly and cheap. But they'll sit in the AH and post two or three stacks, barely undercutting... they'll sell and do it again. So frustrating.
They have already learned that they can't sell stacks of 99 items (enchantments or whatever) for a slightly lower than minimum price. The only people who will buy 99 stacks are AH players that will relist items in small chunks, and to keep it profitable for them to buy 99 stacks you need prices that are 20-25% lower (or more) than minimum.
I.E. if an item is worth 10k, I won't get any profit at all by buying a stack at 9k per unit. I probably won't risk buying at 8k either, unless the stack is reasonably small.
I always undercut and I always will until they move the 40 item max limit - it's about getting the product out and freeing the inventory slots I'm always I a race to do this and I play a lot of characters and have every tab unlocked in my "yes just me" guild bank. There is not enough inventory slots in this game for me to play the AH with out been very aggressive
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khimera906Member, NW M9 PlaytestPosts: 898Arc User
edited January 2014
I post items in the AH at prices that gets my items sold as fast as possible. I play the whole game not just one aspect of it, so my income comes from more than one source. To me keeping the prices artificially high in the AH makes the game less enjoyable.
The prices are dictated by the supply and demand and that's the way it should be. No one owes you to keep the prices at a certain level. If you play this AH game, accept the risks of the game.
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Best post on here.
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I play the AH game since the rest of the end-game is either unbalanced or buggy as hell. Sometimes i get undercut, sometimes i undercut others, it's about who can make the best evaluations of the market: calculate the farmers/botters activity cycles, the future availability of items and the general profitability or usefulness of items. You fight to offer the best prices that still net you the most money, and as every pvp game sometimes you win and other times you lose.
And honestly, I have seen more 'great deals' bought up by the people who play the market all day and resold for sometimes twice their value. I've never had the patience or wealth to begin making my fortunes off the AH, but I know alot of low-bidders who carry away with millions of AD a day by doing so.
Try EvE online if you want to see the expression of a real free-market system. THAT really gets cut-throat.
"D*mn wizards," said Morik the Rogue.
Learn what a GWF and GF really are: The History of Fighters
1) Cheaper items do move more quickly. This is why I have a love-hate relationship with botters. They provide my main source for AD (flipping), but are also my primary undercutters. That makes me very attentive to the buy price, because I have to buy cheap enough to make a profit, and post it moderately enough to resell quickly.
2) Some people go for bigger profits, I go for faster turnaround time. There's a guy in my guild who snipes items really low, and posts them really high. He normally buys on the weekdays and sells on the weekends (when there's more traffic). For me, I like 1-2 day turnaround periods.
3) Get used to undercutting. It's the name of the game.
4) I think the worst botters are the ones who post at retail prices. Seriously? All this time farming hundreds of stacks of 99 and you want to sell them at high prices? Do us all a favor and dump them off quickly and cheap. But they'll sit in the AH and post two or three stacks, barely undercutting... they'll sell and do it again. So frustrating.
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As it is I only see what is posted.
If one person has something posted for X much and everyone else has it higher, I can not justify posting at the higher rate.
I don't even know that people are buying at the lower rate.
If someone posts something at a rate that you think is too low, feel free to buy that and re-list it yourself.
I promise that you will not hurt my feelings if you buy my stuff for market manipulation purposes.
Agreed. Undercutting is part of almost any economy. It's how you win customers.
They have already learned that they can't sell stacks of 99 items (enchantments or whatever) for a slightly lower than minimum price. The only people who will buy 99 stacks are AH players that will relist items in small chunks, and to keep it profitable for them to buy 99 stacks you need prices that are 20-25% lower (or more) than minimum.
I.E. if an item is worth 10k, I won't get any profit at all by buying a stack at 9k per unit. I probably won't risk buying at 8k either, unless the stack is reasonably small.
The prices are dictated by the supply and demand and that's the way it should be. No one owes you to keep the prices at a certain level. If you play this AH game, accept the risks of the game.