Spiral Knights - Better off vendoring JK loot

Better off vendoring JK loot

18 replies [Last post]

Mon, 10/31/2011 - 23:37

Zinqf

Sealed Swords and Antigua have been a solid and steady 42-44k sell on the auction house post patch. Obviously since the boss has been reduced in effectiveness, alot more people are completing it easily. So with energy at 6,200 cr per 100 and Sealed Sword/Antigua at 42-44k we then look at other options to deal with the inflation.

Unbinding a 3 star item costs 600 CE
6,200 cr x 6 (100 CE) = 37,200 cr to unbind an item

Listing a Sealed Sword for 44,000 cr costs a listing fee that you get back and a 10% sale fee.
Assuming you don't lose the listing fee and the item always sells, you are still left with the 10% sale fee.
44,000 x 90% (amount you get) = 39,600 cr

If you list a sealed sword or antigua for 44,000 cr, your profit is (39,600 cr - 37,200 cr) ****2,400 cr****.
Vendoring 3* items gives you ****3,500 cr**** profit because you don't need to unbind the item or pay a sale fee off the AH.

Now that we explained that, lets take it up one more level.
Sealed Sword / Antigua 20 tokens = 3,500 cr; This is 170 cr per token.

If you buy jelly shields, or mail, or helms instead...the cost to buy is reduced to 15 tokens.
Jelly Armor/Shield 15 tokens = 3,500 cr; 233 cr per token (.3 repeating of course).

A full JK run now yields about 700 cr if you take the best route of vendoring armor pieces. This now brings JK in line with its' tier because running T2 between palace and JK tokens yielded far more profit per time spent than any combination of T3 content. This has been fixed.

The average sealed sword sells for 325 CE in Zone Chat. This instantly means you lose 275 CE through the unbinding cost alone if you sell at the average accepted Zone Chat price.

*Vendoring Ancient Shields* - 30 tokens to buy, 3 tokens per run, 35,000 CR vendor cost. This means each full run is 3,500 CR from the boss alone. JK tokens per time spent used to exceed this quite a bit since a full JK run can be done twice per FSC, now its not even close =)

Mon, 10/31/2011 - 23:46

Kilbride

Jelly jelly jelly.

This is an excellent analysis but I know there is a more lucrative use of those Jelly Gems. It is a little more time-intensive but there are markets beyond sealed swords and antiguas.

Tue, 11/01/2011 - 00:05

Nicoya-Kitty

Selling rock salt in the AH

Selling rock salt in the AH can net you maybe 250cr per jelly gem. (I just checked now, and the lowest buy price was 550, so subtract 10% and that works out to 247.5cr per token)

Tue, 11/01/2011 - 00:27

Stavrosg

Rock salt??

Rock Salt?? Does anyone ever buys that?

I've got all I'll ever need from drops, and If I ever needed more, I have a few jelly gems sitting in my inventory.
Then again, I've farmed JK to death, so...

Excellent analysis though, shows that the 3.5k vendor price isn't so low as it seems.

Tue, 11/01/2011 - 01:17

Rommil

i bought rock salt

I was surprised how little i had. I was surprised how little there was on the AH...who knew :)
BTW it's a mat in CoA, so it's an in-demand mat.

Tue, 11/01/2011 - 01:20

Niichi

The average sealed sword

The average sealed sword sells for 325 CE in Zone Chat. This instantly means you lose 275 CE through the unbinding cost alone if you sell at the average accepted Zone Chat price.

What? When? Who sells sealed sword for such a ridiculously low price? The lowest I've ever seen a SS being offered for is 700 CE over ingame chats.

I can't imagine who would intentionally sell for less than the unbind price unless they already unbound it and needed a quick injection of energy into their funds. I can't imagine that happening with such regularity as to establish 325 as an average price.

And just to clarify, vendoring one of the ancient plate items from Vana is 30,000.

Tue, 11/01/2011 - 01:24

Ranzoh

I think 6200cr/100ce may seem

I think 6200cr/100ce may seem like the tendency of where the market's going, but it's really just high gap bidding where some people are trying to profit off the energy market between buying/selling. It was hitting between 6050-5900 cr/100 ce most of the day. If I'm lying, then that market proponent guy was wrong saying that these kinds of 100 cr gap biddings are just extremities or blips to be smoothed out i.e. prices going back to equilibrium in the long run. I'll show pics of an example of tonight's price investing tomorrow.

Tue, 11/01/2011 - 02:09

Business-Lady

6000-6200 may be the existing

6000-6200 may be the existing equilibrium, but just as if we had it at 5.5k (and under), we've also seen it at 6.5k (and over) for period of time sufficiently long to be considered the "equilibrium" at the time. I'd say that the trend is generally slowly upward until something (update that results is buying spree) "shock" the market. When was the last time we saw CE at under 5.2k?

At 6050cr, with all else being kept the same in the OPs post, it would still be cheaper to sell to vendors (6200-6050) * 6 = 900. 900+2400=3300cr.
At 6000cr you'd make a slight profit of 100cr over vendor, but still at the risk that it doesn't sell.

Having said that, AH prices need not be pegged at 44k per Sealed/Antigua. Increased supply will make the market more competitive, but after a while sellers will rise their prices to make up for the unbinding cost. There is only so little margin a seller would be willing to put up with (for the risk involved, such as the item not selling). If could get as much, or less from the vendor, I would sell it to the vendor (if I was selling vanilla Sealed Swords - but I don't unless someone specifically offers to pay a set amount of CE above the unbinding cost guaranteeing a decent profit - otherwise, I would just keep them and roll some UVs on them first).

Tue, 11/01/2011 - 02:34

Zinqf

@ Niichi

The Zone Chat statement may sound saterical, but Zone Chat trading or "Personal" trading in general is saterical.

Selling items when no one knows who you are is as effective as it will ever be. Selling items on a personal status brings out epic amounts of "Shrewd" from the community. Basically, its REALLY RARE to ever get a regular price from an item in a shrewd community. Either you rip people off or get ripped off (or people are trying to rip you off).

It's like Diablo 2 all over again when someone believes their items are worth more than everything you have until you put one item they want in there. And when you do that, none of their items are worth your time at all.

Tue, 11/01/2011 - 03:08

Poopsie

antigua

ahem..

Tue, 11/01/2011 - 04:08

#10

Fewz

I hope that all the people

I hope that all the people that sell sealed swords and blackened crests and Fang of Vog get hit by Karma...
I hope that their runs will be infested with people who "bought their gear" instead of working up their skills in a grind...

Just to see the effect of selling Sealed swords to people; to lazy to play the full JK track to obtain it; [screwing] up your own games at the end :))

Karma.... tis lovely...

Tue, 11/01/2011 - 04:29

#11

Algol-Sixty

Rock Salt?? Does anyone ever

Rock Salt?? Does anyone ever buys that? I've got all I'll ever need from drops,

Rock Salt doe not drop from any monster. That is the reason you can buy it with jelly gems, OOO removed all other materials that could drop from monsters.

As ar as reselling stuff goes, antiguas have been the better option every time I've checked. That isn't too surprising, even though the guns suck. The best prices on most items on the AH are things that are popular enough to sell, but not so popular that everyone and their brother thinks that they should sell.

However, the OP is probably right (I haven't checked lately), that the prices are dropping. When the new JK came out, I very quickly converted all my jelly gems into antiguas, and made a couple of JK runs to finish off the spares.

Tue, 11/01/2011 - 05:02

#12

Paweu

You can also get a Rock Salt

You can also get a Rock Salt from the prize wheel, here's a screenie of me getting it - http://imageupload.org/?d=1B0F23E61

Tue, 11/01/2011 - 07:50

#13

Eltia

The vendor price for Ancient Plate Shield is not 35k

Unless OOO recently patched this, from my memory I believe the vendor price is 30k. So that net 30k / 30 = 1k per Vanaduke token.

You know what we need to jump start the JK token weapon market again? A new upgrade line for both Sealed Sword and Antigua.

OOO please make this happen. Thank you.

Tue, 11/01/2011 - 08:34

#14

Business-Lady

@Zinqf: Re:Post #8: I am not

@Zinqf: Re:Post #8: I am not sure what you are saying there. If someone offers me 325CE for a Sealed Sword/Antigua, I would simply refuse to sell it. Simple. I'd rather have a sword rust in my inventory than to make a loss on the unbinding process. And even if someone were to trick me into unbinding, only to offer me 325CE, I would *still* hold onto it. Because if I wait long enough, someone *will* offer me more than the unbinding cost. I have never gotten into the vanilla sealed sword business, yet I have sold a few simply because someone made a fairly profitable offer.

@Fewz: Re:Post #10: "I hope that all the people that sell sealed swords and blackened crests and Fang of Vog get hit by Karma...
I hope that their runs will be infested with people who "bought their gear" instead of working up their skills in a grind..."
I mostly solo / run with friends anyway :)
But I don't get what is your issue with people buying their gears instead of grinding for it. It's certainly none your business.... unless.. they've been wrecking your runs. In which case, karma kinda failed you ;)

Tue, 11/01/2011 - 11:25

#15

Nicoya-Kitty

@Paweu I've got Rock Salt in

@Paweu I've got Rock Salt in the prize wheel before too (it's in one of my videos, I can't remember which one) and also out of a red prize box after Roarmulus.

Tue, 11/01/2011 - 12:13

#16

Myllakka

I've sold an Antigua and a SS

I've sold an Antigua and a SS after the patch, both for 48.5k (which isn't even the lowest I've seen a SS sell for). I've been buying energy at 6k per 100 as well, so it's still a bit more profitable to sell the items than vendoring.

Tue, 11/01/2011 - 16:16

#17

Stavrosg

@Algol-Sixty, Can you then

@Algol-Sixty,

Can you then explain how I have 4 of that in my inventory, since I'm sure I didn't use any token to get them?

Tue, 11/01/2011 - 21:55

#18

Hanktron

inflation?

"So with energy at 6,200 cr per 100 and Sealed Sword/Antigua at 42-44k we then look at other options to deal with the inflation."

I don't understand where inflation comes into play at all in this thread. If you're talking about crown inflation, I don't think it matters much. I think the crown sinks pretty much counter crown creations. If they don't (I have no data to support my claim), I would argue that changing values far outweigh inflation.

If you're talking about inflating prices of JK reward items... well you just aren't.

If you're talking about CE inflation, well...I don't think you understand what inflation is at all. CE may be increasing in crown value (it probably isn't much anymore since shadow keys are no longer directly for sale for CE), but THIS DOES NOT MEAN THERE IS INFLATION. Inflation implies that the value of the good (CE) is remaining constant but the price is changing. If my gelette fusion razor cost me 10 bucks a few years ago and now costs 12, we have inflation. If my iPhone 4 cost me more a year and a half ago than it does now, we don't have deflation. We have less demand for a variety of reasons (a new iPhone, more competing smartphones, it's not new anymore, etc). We clearly have fluctuating values of CE due to supply, demand, and OOO's monetary policy (if you want to call it that). I suppose you could claim that there is some inflation involved, but it's probably negligible.

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Better off vendoring JK loot