Market value

[Allrab]

Market Value

As you all know things are cheaper to farm by yourself than to buy in market. People farm mostly for themselves but ocasionally for others. When one is farming for others, the items end up on the market in housing zones.

But what makes the prices go up?
I have come to the conclusion that everything rasre is expensive and that is usually the case but not always. Yesterday I was after a single line respec stone, My thought would be that it would cost around 1.5p but to my amazement it did cost 15p, It was the only Luminescent Ceriac Stone that existed in the market, But the all respec stones where sold for 2p+ which suited me better.
Also I can see that crappy scroll's go for sometimes high prices even though they are easy to farm just because they are rare in the market.

I was wondering is the market value or rather players stupid enough to buy items that costs to much or is it just a trick to keep the items unsold ?

Do you have any suggestion on how to fix the market values on certain items or is the market vlues allright ?

Is this just a thing taken advantage of on Hib/excalibur or is there a similarity on other servers realms aswell?

Did just wonder why the singleline respec was so expensive why other respec's where cheaper. Is it because one will loose autolevel on multi respec usage ??

// Allrab Est, lvl 43 NS Lies Corrupting, lvl 50 VW

 

[Elricstormbringer]

I think it is the law of supply and demand. If an item is in demand and the supply is scarce (remember cash is easier to come by than many items) that is why the price is high. If an item is easy to come by and the market is flooded then the price drops.

I know if I stick drop stuff on the CM I look to see if it is on the market explorer to give an indication of price that I would get for it. I suspect that is what others do. The more rare and expensive items are often (but not as much as before) auctioned these days on the FH forums.

 

[Danya]

2p+ for a respec? You got ripped. I got one yesterday for 800g.

 

[Reno]

In the case of that ceriac stone, I suspect it's some1 that doesn't want to loose the stone for sentimental value or purely to round out his collection unless it's for a really ridicilous price. Even when there was a lot of demand for those stones ( pre-regular galla farming) did the price of those stone rarely exceed 5 p ( in a much more cash strappped economy ofc), later the price stabilized at about 3 p.
However concluding that the (lowest) price on the ME is the same as the regular market value, isn't quite correct.
For the rarer items, the only 1 on their might be from some1 that doesn't want to sell unless he gets a ridicilous amount. Or from some1 that always makes his prices 20% above market price, but just happens to be the only 1 with that item on the ME at that particular time.
Monitor the price of such items on the ME to see if those fluctuate and if there's any supply/demand going on. Only then can you conclude whether a price on the ME reflects market value or not.

Danita

 

[Boni]

Supply and demand, if the item is hard to farm and in big demand then the price will be high. CM prices are only indicitive of actual cost if there is sufficient competition, if there are only 2 items on the CM then chances are they are at random (extortionate) prices.

You can fix or change the price in the realm if you can monopolise the supply or flood the market with the item, or clear the availabe items.

e.g. I used to make decent profit on warshadow bracers, after leveling my chanter and druid at warshades I had like 15+ of these, market price was 1.2->1.5p but after offering 15 for sale at 1p each no one was gonna pay more than 1p for a bracer.. (market flood)

I used to sell ceriac stones at 4-5p each. At that time no one could farm the dragon, so a single from galla was as good as you got. Lack of supply in the realm and demand for respecs pushed the price up to this, if I had sold at cheaper people would buy em and sell em on for profit. (demand driven price)

Right now im running round buying all the cheap torches of innovation I can find as I will need em next patch to craft new weapons (as will a lot of others), thus the price goes up (cleared avaible items).

If I was looking for a respec I would avoid ceriac stones, they come from galla and no one goes there any more, they would have to hunt for hours and still not be guaranteed a stone. Or you could just shroom the dragon and get buckets of FULL respecs in minutes. Go find a dragon respec

Oh and of course the prices are all governed by inflation and the hib economy as a whole. Most gold comes from DF farming and gold went down in price when focus pulling was in full swing, and has taken an even larger bash thanks to animists and fop. pre chanters you could expect to play like 2p for the best armour/weapons in the game. During their reign decent items would cost 5-10p. Thanks to animists these days we are talking 50p+ for the best bits.

 

[Eluvia]

Market Value

As you all know things are cheaper to farm by yourself than to buy in market. People farm mostly for themselves but ocasionally for others. When one is farming for others, the items end up on the market in housing zones.

But what makes the prices go up?
I have come to the conclusion that everything rasre is expensive and that is usually the case but not always. Yesterday I was after a single line respec stone, My thought would be that it would cost around 1.5p but to my amazement it did cost 15p, It was the only Luminescent Ceriac Stone that existed in the market, But the all respec stones where sold for 2p+ which suited me better.
Also I can see that crappy scroll's go for sometimes high prices even though they are easy to farm just because they are rare in the market.

I was wondering is the market value or rather players stupid enough to buy items that costs to much or is it just a trick to keep the items unsold ?

Do you have any suggestion on how to fix the market values on certain items or is the market vlues allright ?

Is this just a thing taken advantage of on Hib/excalibur or is there a similarity on other servers realms aswell?

Did just wonder why the singleline respec was so expensive why other respec's where cheaper. Is it because one will loose autolevel on multi respec usage ??

// Allrab Est, lvl 43 NS Lies Corrupting, lvl 50 VW

People like single line respecs, because when you use one to respec a skill you dont lose the auto train points.

 

[Divinia]

Things have been done to manipulate the market in hib also, Slytale and a person wich name i cant remember organized a good bunch of dragonraids, and then sold the stones to very good prices, made the stones drop by several plats in overall price. quite a time ago now tho.

 

[Boni]

People like single line respecs, because when you use one to respec a skill you dont lose the auto train points.

Is that a fact? Or another of those auto train myths, last time I asked most people agreed that once autotrain points where earnt they could not be lost ever. If you respecced you would be back to 11 bow or whatever.

 

[Raven]

People like single line respecs, because when you use one to respec a skill you dont lose the auto train points.

you dont lose autotrained points from using full respecs..fact

i have respecced my ranger many times and not lost my auto points, the myth came around because Sanya Thomas at mythic is clueless about the game that she works for.

 

[Culanan]

Kind of like the ml 6.10 rf BM/ranger vests going for crazy money when they aren't more than a PvE toy compared to using GSV?

It's MP, so it's intrinsic value is high, it's a rarely farmed drop but I've seen the same two vests for sale (and slowly dropping) for about two months.

That's probably by people who pay attention to what goes on at their CM, the rest leave stones etc for sale at very high prices in case the market dries up and the demand means someone will pay a high price.

 

[ilaya]

i for one.. and other peeps i know.. are trying to bring the prices down.. but like boni says.. we cant bring them down too much in case peps just buy them and sell them on for higher price.

we doing everything we can to make items and scrolls more accessable to casual gamers.. and we gonna keep doing it

when peeps start to realise that others are selling for a lower price than rest, regularly.. why pay the higher prices for a quick fix unless u REALLY need? i like cash as much as next person.. but i MUCH prefer that whatever sell is put to use.

 

[woodtwigs]

Money is only as valuable as the things u can buy with it, therefore when theres lots of money (due to fins PL, DF seal farm, etc) in the market and that the amount of the things money do not increase commeasurately, the outcome would be inflation. In other words, theres too much money chasing after too little goods and services.

The case of the ceraic stone is probably an anomaly, the person who placed the stone in his/her CM prolly never bothered to adjust its price or he prolly attached a "sentimental value" to that stone.

However, with regard to the rare scrolls theres prolly no easy way of fixing it if the drop rate is that rare, like the Maddening Scalars 2/3 and 3/3, or Tartaros 3/3. You prolly need a fotm light menty + sally and might spend 8 hours to get one if ur unlucky so you either go farm it yourself or u pay someone else to do it.


The prices of items in hibs has prolly less to do with malice or avarice of players than the fact that people are too rich (in money not items) and that certain wanted items or scrolls are too rare.

The only way to bring the monetary price of items down is for mythic to find a way dwindle down the player money supply, that means creating ways of getting players to voluntarily or forcibly part with their surplus supply of money. I'd remembered that just months before Foundations was out, prices of all items went down generally as players started to sell their items at sub-market-value prices to garner enough cash to buy their villas and mansion. The only way to prevent items sold at 30ps (*cough* Cloudsong, GoV, Mad Scalar Scrolls *cough*) would be find ways of getting the players to give back their money to the server.

I'm personally partial to the ideas of using money to buy realm points, although it must be done tastefully so as not to cheapen rps. Players less inclined towards gank squad rvr could find ways to advance their characters in the rvr sense by giving their cash to the server (thus removing it from the player economy) and allowing prices of goods to be lowered to managable levels (at least for the newbies).

 

[ilaya]

scroll drops like u mentioned are not as rare as u may think. just peeps cant be arsed to farm them.. like most so called rare scrolls.

fins and df for cash v toa scroll farming? u WAAAAAAAY behind times if u think its anything close.

 

[woodtwigs]

Theres no comparison between traditional "fins and DF farming" and " toa scroll farming", that i agree and I farm all of my scrolls especially if they costs that much.

However i think you misread me as im talking about the market in general rather than what the prudent player should do to make some quick dough.

"Toa scroll farming" involves the transaction of money, "fins and DF farming" however is the creation of money which makes the two action different from a macro-economic perspective.

If theres 50 p in the player economy and that players exchange that 50 p around through selling scrolls to each other, then theres still 50 p circulating in that economy. Prices of goods and services would prolly remain as it were.

However, if theres already 50 p in that player economy and people add to that money supply through fins and df farming, then instead of 50p of cash chasing after that same amount of goods and services in that economy you get 75p or more chasing it, resulting in higher prices etc.

As i said in my previous post "The prices of items in hibs has prolly less to do with malice or avarice of players than the fact that people are too rich (in money not items) and that certain wanted items or scrolls are too rare." and rare i must further qualify refers to the level of demand relative to the supply of that item.

People who spend hours looking and acquiring items (which others have not the means nor time to acquire) have every right to append whichever value they think think is appropriate to it, like that ceriac stone and to sell thse items at whichever level the market think its appropriate (also like that ceriac stone which i doubt would ever be sold at 15p).

All that im saying is that all players, especially the new ones, would benefit if mythic came up with some "money-sink" feature to lower the money supply of the rich and established players so that ordinary scrolls like BoM 2/3 do not end up being sold at 8 p on the cm.

The other way around the problem, of course, is "QQ go farm it yourself" which is a reasonable course of action for most scrolls since the artifacts could be activated at the 40ish levels and the mobs that drop em are of 50th level.

 

[Allrab]

Originally posted by Boni
Is that a fact? Or another of those auto train myths, last time I asked most people agreed that once autotrain points where earnt they could not be lost ever. If you respecced you would be back to 11 bow or whatever.

Boni

Do I need to get max in autotrain before I respec or will i still continue to get my last autolvl at level 48 ?
Just one miss bought stat screwed my NS spec template over totally... Wish it undone

// Allrab Est, 44NS : Lies Corrupting, 50VW

 

[Gear]

To the first poster.

There could be a chance that the person selling a particular item didn't bother to re-adjust the price as someone has already mentioned. I know that I don't

 

[Jorma]

Boni

Do I need to get max in autotrain before I respec or will i still continue to get my last autolvl at level 48 ?
Just one miss bought stat screwed my NS spec template over totally... Wish it undone

// Allrab Est, 44NS : Lies Corrupting, 50VW

If you respec before you hit lvl48 you will get the autotrain at that lvl. you always need to have a minimum of 1/4 of your lvl in the ATskill. So if you have 30stealth and at lvl47 respecces stealth so it drops down to 11 you will AT at lvl48 and hit 12 in stealth with that lvl.

 

[prodical]

I for one agree that the price of items are too high, but having gone mysel and farmed the GoV scrools last week for about 20hrs in total and saved myself 15p in the process, i personally feel that peeps are just too lazy yoo farm...which again i dont blame them for doing so. Just take a look at mad scalars 3/3 for instance, that wouldnt drop for u in a week if even! But then again it is worth farming scrools, i made a complete second GoV book while i was farming, simply cause i had 2 drops of the same scrool b4 i got my fisrt full book, which i now imagine i could easily sell at a reasonable price.

also this isn't a rl economy. if u look at it, over time more and more of the items required drop. Look at respec stones atm? between 800/1p these days. So wat i'm saying is eventually prices for every item will drop as more and more become availabe due too player usually only needing the 1 item they farm once, well that imo atleast.

 

[Sarnat]

It's all about demand and supply.

How ever, some people are silly. They place an item on their CM based on what they THINK it's worth. They never check what others are selling the same/equivalent item. Or they slap it there with a reasonable price but never update it if it isn't sold fast.

This results in stupid stuff like single respec stones being more expensive than full respec stones, people selling scrolls worth 10-50g with prices set to several platinum and prices that are tripple the cheapest price and so on. If people could be arsed to check the demand etc, we'd probably see much better prices for the purchaser and faster sales for the seller. Of course, some people do the opposite and slap items worth 10p for sale at 20g and so on.

Example: http://tik.cs.hut.fi/~aalestal/zahur_necklace.jpg

That was probably a bad mistake though, meant 20p and not 20g

I've taken the habit of trying to keep our guild CM the cheapest possible but yet profitable. By keeping the prices down I've probably withdrawn more than 100p from the CM during the last month or so. Just on thursday/friday Neverheard sold items worth 25p, all of which cheapest in housing.

 

[Mithryn]

Yeah, that example was from my girlfriends CM, obviously it was a huge error in putting the neck there for 20 gold as it is worth alot more. Kinda depressing though.

About the market value of things; Money in this game isnt money, its just time spent and time spent wisely. If for instance GOV would appear on CM for 30-40 plat and I need it, I wouldnt hesitate a second going and buy it even though its alot of plats. Consider the alternative, staying at Danos camp forever and when it finally pops, having arguements with the other 8 people there about whos camped the longest and who has the rights for the vest. Maybe settle on a random for it, and dont get it 5 times in a row. I would say 40 plat for something like that is well spent, it takes me with a bit of luck less than 1 hour getting that amount of plats.

 

[Tiili Tiddelibom]

That would be my necklace A little miss there for sure. Doesn't really matter for me since I'm not desperat for money though. But still annoying when i found 20g on my merchant and didnd't know what I had sold, think it took me a good week to figure out the mistake aswell

Hope you needed the neck and just not sold it for a higher price

Porenn

 

[Kaap]

As you all know things are cheaper to farm by yourself than to buy in market.

How does my blademaster farm malice, shades and battler scrolls solo?

 

[Danya]

How ever, some people are silly. They place an item on their CM based on what they THINK it's worth. They never check what others are selling the same/equivalent item. Or they slap it there with a reasonable price but never update it if it isn't sold fast.

Well I sometimes update prices but largely, I don't much care if stuff sells - I don't need the money. So if all my items end up vastly overpriced, so be it.

As for mad tales 3/3, it's not that bad, I've had several drops of it in a few hours just farming taurs in typhon's reach.

 

[Sarnat]

Hope you needed the neck and just not sold it for a higher price

Porenn

I did. We got one more later though which we sold... But seeing your CM, I doubt it was a huge loss to you.

 

[vintervargen]

what you cant shroom = expensive. even if it drops from bluecon mobs ~~

 

[Danya]

what you cant shroom = expensive. even if it drops from bluecon mobs ~~

roll a fotm menta for teh farm!

 

[crispy]

I'm personally partial to the ideas of using money to buy realm points, although it must be done tastefully so as not to cheapen rps. Players less inclined towards gank squad rvr could find ways to advance their characters in the rvr sense by giving their cash to the server (thus removing it from the player economy) and allowing prices of goods to be lowered to managable levels (at least for the newbies).

Yes, i agree with you that its a good idea to introduce something that players want to buy from the server (like housing). But i dont think that selling rp's would be the answer since the high rr players would'nt be buying any, obviously because they got a lot anyways. The low rr players would probably be willing to pay tons of plats for rr5 etc, but the fact is that high rr players usually play alot => more cash and low rr players usually also are quite poor because of the same thing.

Then the high rr players end up with _alot_ of cash wich makes it impossible for the poor players to buy anything at all.

 

[Stallion]

I lowered jacina sash from 20 to 15p in 2 days xD

 

[Ogen]

One question .. Where the heck did all the malice 3of3 go?
Paying 15p for it seems a little overpriced no?
Porenn sell me one cheaper will ya! I know you got it u rich bastard