Really good post.Drop isn't a terrible one, I don't believe it had a second function though. Neat graphic however. To me it'd be worth like 175, that's just how I'd price it. People just jump the gun on drops and honestly you can pickup some really good buys on the quick sellers like that, then flip the item a couple weeks later for a bit of a profit.
Undercuts are going to happen, regardless of how people feel about it. Some people want quick gold, others want to stick it to their rivals. Sometimes it's just the buyer who haggled the seller. *shrugs*
You honestly cannot expect to get "top dollar" for something in this current market by instant selling an item. As it gets sold quickly, the desire for it will increase in a few weeks or months, which will give you a window to ask for a higher price.
Very well said.Drop isn't a terrible one, I don't believe it had a second function though. Neat graphic however. To me it'd be worth like 175, that's just how I'd price it. People just jump the gun on drops and honestly you can pickup some really good buys on the quick sellers like that, then flip the item a couple weeks later for a bit of a profit.
Undercuts are going to happen, regardless of how people feel about it. Some people want quick gold, others want to stick it to their rivals. Sometimes it's just the buyer who haggled the seller. *shrugs*
You honestly cannot expect to get "top dollar" for something in this current market by instant selling an item. As it gets sold quickly, the desire for it will increase in a few weeks or months, which will give you a window to ask for a higher price.
There were 3 bosses with 7 each.Supply and demand in an open market.
On a side note, So long as you have multiple boss, people are going to get stupid amounts of them. There were some people that got 3 and 4 of this item......
Right but people got multiples, so even if they DID want to keep one they had spares to sell.There were 3 bosses with 7 each.
There were absolutely more than 21 of these. If there are only 21 then every person that got it is selling theirs. There were tons of ppl in gen chat saying they got multiples. Bennu said "I dont know...I asked for 21 thats all I can say" which is a common comment...but it leaves it open for there to have been more dropped by accident or whatever. With soooo many people selling them I just have a hard time believing that there were only 21.There were 3 bosses with 7 each.
Are you ok smoot?...seriously, if you don't get help with charter, get help somewhere please.If you want to have a economics discussion in the rares forum, keep in mind Milk (and many other U.S. foods) Supply is so high that the price farmers can sell it for is actually below what it costs to produce. So the government buys it and just destroys it or puts it into trash products like animal feed. truth. point is, the supply / demand scenerio only goes so far.
I only got 4 .On a side note, So long as you have multiple boss, people are going to get stupid amounts of them. There were some people that got 3 and 4 of this item......
Or maybe old vets post about the drop system changing without the public knowing is true?There were absolutely more than 21 of these. If there are only 21 then every person that got it is selling theirs. There were tons of ppl in gen chat saying they got multiples. Bennu said "I dont know...I asked for 21 thats all I can say" which is a common comment...but it leaves it open for there to have been more dropped by accident or whatever. With soooo many people selling them I just have a hard time believing that there were only 21.
I got the big goose egg. ZeroI only got 4 .
In our vent we got 13 total, some people got multiple drops on the same toon. Being on Atl, I am sure there were trolls throwing out prices to gauge the market in gen chat, but what I would be interested in knowing is how many total did the other large group of event goers get. @Promathia how many total did you guys get in your vent?There were absolutely more than 21 of these. If there are only 21 then every person that got it is selling theirs. There were tons of ppl in gen chat saying they got multiples. Bennu said "I dont know...I asked for 21 thats all I can say" which is a common comment...but it leaves it open for there to have been more dropped by accident or whatever. With soooo many people selling them I just have a hard time believing that there were only 21.
thing is, you cant really do this with rares. id say over 50 percent of sales go on behind the scenes, no stratics, no vendor. Also with the amount of gold involved, you would have to on average spend upwards of 50billion gold a month to successfully "buyout" even the majority of undercutting.@Nemesis this can be looked at mostly positively.
Positive:
Take for example a product that I sell. I sell for a price "X" lets say. The market allows for this price and I sell quite consistently. Now others come in and undercut me. If the undercut is slightly lower than me I do not bother or I slightly undercut them to sell in the interim.
The other course is if they undercut me by a substantial amount. I go ahead and buy the product they are selling and resell. I still turn a profit even if the profit margin is a bit lower. The market as I said sustains my markup, I just eliminate the competition but also turn a slight profit on their shoulders. (This is done everyday in the real world. There are 3 prices "at cost" then the wholesale price then there is the retail price.)
The trick is to ensure the resale keeps turning a profit.
~10 If I remember correctly.@Promathia how many total did you guys get in your vent?
Well, that makes a total of 23 that is confirmed. That is 2 over the "requested" amount from bennu. Now taking that into account along with Napa Valley dropping well over it's amount. I would safely say that not only has there been insider info passed to an individual but it accurately reflects the current EM drop rate.~10 If I remember correctly.
This prolly would have went for 500m back in the day. The reason for that is bc until the top damager was removed the same few people pulled 90% of all drops on every shard so they set the prices. Now you have new people able to get the drop so more people get drops now and are willing to sell lower while at the same time a few people that were pulling 90% of drops under the old system are pulling anywhere from 1-2 and up well more than that at every event so some of them don't mind selling cheap either bc they have so many to sell to make the same or more than they did before controlling the market. All in all the new system is better imo for everyone except a small % of the ones that were in the top damage drops back in the day that don't have the accounts and characters to make up for the price drop. If you see someone complaining about the drops now its most likely those people (other than people lagging out bc of so many toons now)Someone mentioned before that this item would have went for 500+ mil back in the day