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Understanding of auction house is laughable
quafflicious
Member Posts: 66 Arc User
Seriously, people. No one wants to place a bid on an item that is up for 5 days just be outbid right at the very last second. You ever wonder why you can't sell anything on the AH? It's cause no one wants to bid. Start putting buyouts and you will see that everything you put up will sell almost immediately.
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Join us in the shadows where we stand mostly vigilant... although slightly distracted by our inventories.
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From previous experience on both WoW and SWTOR players will threaten to report you for "scamming players" to try and get you to sell them for lower and then they turn around and re-post them for much much higher. It's not understanding the AH you need to do, but understand the concepts and ignore the troll players.
He probably means Tyrannical Lockboxes, which you can no longer acquire unless someone sells them to you from their inventory as they no longer drop, nor are they sold by the vendor. Just wait a month and they will be worth a mint cause people will pay for a shot at the Imperial Rage Drake and turn around and sell it for like 10 mill+.
C) There are a lot of extremely stupid buyout amounts
As telprydain mentioned, changes to the Auction House (assuming they allow for custom sorting) will likely change the entire dynamic, as it should encourage more responsible values: If buyers start sorting by buyout amount, instead of having to page down a few times and wade through mis-matched listings, sellers will price accordingly.
meaning if dragon bone weapons sell for 100K dont put them up for 5K, and if lesser vorpals go successfully for 200K dont put them with a buyout at 130K
and for the important items put the time at 1 day, it will sell, even if you dont get any bids up to the last hour, it will sell.
However at the same time a very important rule of commerce: An item is only worth what a person is willing to spend to acquire it. So if Joe Shmoe or anyone else for that matter, isn't willing to spend the 100k needed to get such an item, then it's value isnt worth that much. And depreciating it, that is the whole purpose of commerce. To outsell and undersell the competition by any means necessary. Look at WalMart, they do this all the time.
When I hit level 30, I placed a bid on a level 30 weapon, I hit 60 before the auction ended. True story lol
yes if an item isnt selling then its too high, what im saying is that these items are selling for more than what people put them up for, example, dragon bone halberds are being sold at 5K buyout on ah, however every single time i put one up with starting bid at 100K with 1 day time, it sells. therefore pricing it at 5K is depreciating the cost of the item because people are willing to pay 100K every time.
(I ALWAYS post buy out prices on my epics, and at the value the AH wants me to post them) This is significantly lower then what most people sell the identical items for, and people aren't buying them. I think it's because they aren't seeing them in the list.
You must be high because I've been trying to sell A dragonbone scepter (rarer main hand) for 45k and I can't even sell it at that. Just because you see ridiculous high priced dragonbone items (100-150k) doesn't mean they are actually selling at that price. Theres no way to know wether someones even bid on an item until you personally are outbid.
so youre telling me, people are buying the same item youre selling at a higher price and not at the lower price you set, well poor guy, i mean its not like you could just remove your buyout price and set it at the higher price that they are successfully selling for and make more money than you would with your lower buyout, huh, what to do
Shoulda asked him if he wanted a tissue