Prices :o

[Nimah™]

You've all heard of a "flame" thread, and a "whine" thread, now I invented the "wtf" thread just curious.. why are prices in mid so damn high?

 

[Aybabtu]

Guess having DF a lot of the time + just a tad of greed would make raise the prices...

 

[Nimah™]

just a tad of greed would make raise the prices...

yeh, just a little bit

 

[majik]

Prices are based on two main things:
1) Demand
2) Rarity

Due to the nature of the people on midgard who can make a lot of cash farming ml7 and ml9 which are a lot more profitable than df now, and also by using different methods, prices tend to raise. This is because people who get rare items from ml hunts via lotto's etc know there are some pretty desperate ppl out there who dont want to make 8 raids on a certain .10 step just to get one item, thus they sell the items at incredibly high prices. You tend to see the rare items having higher prices than the demanded items.

I.e. mad tales scrolls used to be rare, but after all these continuous scroll farming groups their prices have dropped a lot. The rarer items from .10 steps etc which 'cannot' can be sold by lucky people for lots of cash;p

I have heard that prices on hibernia are cheaper but since animists can farm ml7 almost solo it kinda degrades prices a little ;p

 

[Nimah™]

Well, what about artifacts?
GoV unactivated arti on alb/pry = 15-20p
ive seen it selling mid/exc for 40p+

 

[Himse]

Supply + demand is the thing

learning about this at skoool!!!!

 

[Urme the Legend]

Well, what about artifacts?
GoV unactivated arti on alb/pry = 15-20p
ive seen it selling mid/exc for 40p+

40p is cheap for GoV on Mid/Exc .. saw 2 GoVs in housing for 59 and 59.5p last night... that is an insane price.

 

[Xandax]

Well - thoes of us that can't seem to get groups to hunt artifacts or much else, and dosen't play all day can often only get items by purchasing them.

Thus demand increases.

 

[Pin]

Prices are based on two main things:
1) Demand
2) Rarity

That dictates the relative prices from one item to the next. But you missed:

3) Amount of cash in the system

which dictates relative prices from one system to the next (prices of similar items between realms/servers). Exc/Mid has an vast amount of cash in the system - most of which is from DF.

Due to the nature of the people on midgard who can make a lot of cash farming ml7 and ml9 which are a lot more profitable than df now

Farming drops to sell only moves cash around within the system, it doesn't create cash. Seal/Salvage/Loot farming is what makes cash, and the more it's done, the less your plat is worth, and the more pointless the whole thing becomes

I have heard that prices on hibernia are cheaper but since animists can farm ml7 almost solo it kinda degrades prices a little ;p

Average prices on hib/exc are lower, purely because there is less cash in the average pocket due to less DF farming over the last 2 years, not generally because of Animists (things do vary from item-to-item however). The Midgard plat is just worth so much less than in Hibernia, probably around 2-1.

 

[fotm]

Well - thoes of us that can't seem to get groups to hunt artifacts or much else, and dosen't play all day can often only get items by purchasing them.

Thus demand increases.

For the casual players there is no need for the best items and such, there is usally plenty of other decent options for much lower cost, just cause a person cant afford 50p for a GOV doesnt mean he cant get a nice template

 

[tookha]

Thank you Pin, for expressing my thoughts in such a good way, my typing ain't even needed.



PS: Expressing my thoughts could be replaced with stating facts though..

 

[Leel]

Also, there's at least one lamer that got an unguilded char with a house, and he searches market explorer and buys up the cheap stuff and puts it out more expensive on his own merchant. He's got tons of good stuff on his cm at outrageous prices. This is bad imo because it means only the most resourceful people will be able to get it, and it promotes higher prices in general, because people have to charge more for their stuff in order to afford teh good shit.

 

[ruudoniac]

well i guess prices in hib/excal are low cuz u can farm items u need so eazzzzy (call me animist)

in alb/excal only few ppl care about the uber stuff in the game (200 hp less or 10 str cap less wont affect the dmg of 4fg albs hitting a person )

but in mid most of players want to be leet and since by having DF for last 2 years 5 days / week a huge ammount of plats are on market , and loads of ppl just will buy the leet items they need instead of farming them
and now that the demand of leet items is high we have a new way to farm for cash and make all that plats change some hands :>


so if u find gov for 40p its not expensive for us (mids) cuz we just have more cash

(loads of pve when 10fg enemies zerging emain )

 

[Lothandar]

I disagree Pin, having df for 2 years does not explain the prices on artifacts in midgard, or anything.


It is just that: Albs can kill danos(well, most artifacts.) with 3 (deathsight necro, cleric bb, deathservant necro), hibs can kill everything too mainly with low amount of ppl too I bet due to animists.


Mids need (a) decent group(s) for the above. (Decent as in more than 3 )

 

[anubis]

it's not a problem to kill danos
the problem is to find it up
and this problem is the same for all realms

and pin said truth
in general mid has more money
hence higher prices
basically you cant compare mid plats to alb plats, these are different currencies in different economics, such as euro and dollar for example ;p

 

[SevenSins]

Well, what about artifacts?
GoV unactivated arti on alb/pry = 15-20p
ive seen it selling mid/exc for 40p+

GoV is 30p on Alb/Pryd matey.

Sold a few for that price.

And Mid/Exc has a larger playerbase = more money influx into the economy = more money to spend.

But Artifacts are just as rare as they are in Alb/Pryd.

Why? As soon as it goes up, it'll go down, only realm that doesn't have this is Hib/Pryd.

Your population raises more money trough the means of DF and DV/Aerus farmage, about 2/3x as much as Alb/Pryd, there's your answer.

It's also way easier to make money in Mid/Exc than it is on Alb/Pryd

 

[Chronictank]

It's also way easier to make money in Mid/Exc than it is on Alb/Pryd

Get a bb roll a necro
no more money worries

I myself have a necro on pry for cash farming, i think you gota take this into account also. 90% people on excal with 2+ lvl 50's have a lvl 50 alt on pry, 40% of which will be a cash farmbot of some sorts (i know at least 8 people with necros/animists just for the purpose of farming).

So easier money = more cash = higher prices.
Another factor is possesion of DF, mid has it the longest meaning more people farming.

 

[Dumonde]

It is market economy. As it has been stated the high prices depends on supply, demand, and the amount of cash in the system. Mid/excal are very rich and have been it for some time. The pre-toa basic money source was DF. Mids have always wanted DF all the time and that way we digged our own grave. The infaltion on mid/excal have been increasing more than on alb/hib. IMO the best thing to do is to let alb/hibs have DF for some time, however that can be extremely hard for some people. Some people organize a DF keep-take raid just after mids lost control of it.
It is a little hard to explain because you need to take more things into consideration when trying to find out why the prices in midgaard are so high, however the main reason is inflation

 

[Pin]

I disagree Pin, having df for 2 years does not explain the prices on artifacts in midgard, or anything.
It is just that: Albs can kill danos(well, most artifacts.) with 3 (deathsight necro, cleric bb, deathservant necro), hibs can kill everything too mainly with low amount of ppl too I bet due to animists.
Mids need (a) decent group(s) for the above. (Decent as in more than 3 )

Killed Danos with 2 shield tanks and a buffbot with fop, and you can do the same in Mid. There's no problem killing him - every time he pops, he's killed.
There's virtually no artifact encounter that you cannot currently do in Midgard with half a group (maybe 3/4 desirable ones, and another 3/4 obscure ones). Many may be harder to do without a servant necro, or just take longer to kill without petspam, but they are all killed just as frequently on Mid as they are in Alb/Hib.

 

[Dumonde]

I disagree Pin, having df for 2 years does not explain the prices on artifacts in midgard, or anything.


It is just that: Albs can kill danos(well, most artifacts.) with 3 (deathsight necro, cleric bb, deathservant necro), hibs can kill everything too mainly with low amount of ppl too I bet due to animists.


Mids need (a) decent group(s) for the above. (Decent as in more than 3 )

have to disagree with you there. Having DF for 2 yrs does have a huge effect on the general market prices, also the price of an artifact. The inflation have been increasing during those 2 yrs. What makes you think the level of inflation on the midgaardian market has dropped, becouse of ToA?