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Sun, 05/13/2012 - 16:53
Sun, 05/13/2012 - 16:57
#2
after paying a fair price of
after paying a fair price of 120k cr!
did you really think people were going to jump on this?
Sun, 05/13/2012 - 18:38
#3
This again?
You know I have your back, man, generally speaking, but come on now. Many CTR Meds have been listed at B/Os around 2.2k, and either been bought out or sold at offers somewhat below that. The fact that Rangerwill may have paid 120kcr for this just means his profit margin isn't going to be terribly high. It isn't really different from someone crafting it and trying to sell it for 2.2k--either buyers will deem it a fair price, and it will sell, or they will find it overpriced, and it won't. :\
I'll confess, I've done the same thing many times. And sometimes I've made the wrong call, and ended up reselling for a loss, or keeping it for use. And sometimes I've made the right call (i.e. that the AH BIN was actually underpriced, and that people would pay more if they saw it), and made a modest profit off it. It's risky, and sometimes foolish, but it's not *unethical* or anything.
Sun, 05/13/2012 - 18:50
#4
and as I've stated, I have
and as I've stated, I have problems when people pay fair prices for something and then intentionally drive up the price.
condemn me if you must. in the mean time, ranger gets his topic kept in sight.
Sun, 05/13/2012 - 19:14
#5
I'm not condemning, just disagreeing.
Who's to say 120kcr is a fair price? To me, it seems cheap--if I needed a CTR Med for my own use, I'd be willing to pay a fair bit more. I would be interested to hear what your definition of "fair price" is.
One possible definition is "what a buyer would happily pay". Another is "what the market will bear". What's yours?
Sun, 05/13/2012 - 19:22
#6
I'd say standard accepted
I'd say standard accepted price +/- 15% or so is a fair price. and everywhere I've seen, 2k ce is about the accepted price for a ctr med brandish. this would be on the low end of fair. barely.
if you want an example, look at the sealed sword (ctr med) market right now. swords going for 70k, 80k cr get put right back up for +10% and a slightly lower buyout. they clearly aren't worth the 100, 120k buyouts put on them or auctions wouldn't keep going so low. and the people buying at 70k and putting it back up for 80k are artificially inflating a useless item. the same thing has been going on with every single "rewards" accessory released to date. people were doing it with the rose redux until they actually became rare. they're doing it with the rare D and V wings. etc. etc.
Sun, 05/13/2012 - 19:38
#7
Hmm.
The thing is, beyond base cost (for items which have one), there's nothing tying an item to a particular CE/cr price other than what people will pay for it. Maybe 2.2k CE is the new standard. We won't know until a couple weeks have passed.
I have a different explanation for the SS CTR Med inconsistency: imperfect information and lack of opportunity. Say you're a normal player (i.e. not an active merchant) and actually want a CTR Med (quite a few people do, "useless" or not). You go on the AH and see what? Probably a bunch of CTR Meds on Medium at best, but more likely Long or Very Long. The BINs are too high for you, so what do you do? Either place a bid and hope (and in all likelihood get sniped), or just not bother bidding. Either way, you probably won't get the item. In the end, it goes at 70-80kcr because the odds of multiple people who actually want the item being online and seeing it when it ends are not that high. It's far more likely to go to someone like me: a merchant who spends far too much time on the AH and who knows that the sword's worth 100kcr to the right buyer, if s/he only knew of its availability.
Here's a more niche example: Slime VH Shadowtech. I want one and would pay decent CE for it. Yet I missed one while sleeping that went for 36kcr. Would I be getting ripped off if the person fortunate enough to nab it resold it to me for twice or thrice that? If so, please, please rip me off, whoever you are!
FWIW, I think a B/O "on the low end of fair" is a perfectly fine B/O. B/Os are for people who really want an item and are willing to pay a premium to secure it instantly. And a B/O that's too high is self-correcting: no one will take it.
This comment is reserved for my uncle jeffrey. Still selling, I thought this forum was faster, haven't sold and I posted six second ago!