Playing the AH..Follow

If you do not have "IT" in you dont do it. Wow Provides copious amounts of money from diffrent sources, if something inside you tells you what you are thinking of will not work out well, Dont do it. God forbid somebody who acutaly wanted to use that item got it for 250 gold and you did'nt get to make a 164 gold for seeing it was not listed at the highest price possible.

I say you did the right thing not buying it. let the guy that will use it get it for a reasonable price, and never think that you deserve that money for seeing it at a low price.

He means that he used his auctioneer add-on and it told him that it was worth 414g but was up for 250g

To me, playing the AH is bad form. Someone buyuing out all of one item and then posting it back up for twice as much is unfair to everyone that needs that item and goes against the whole supply and demand scheme.

sure you can make alot of money by doing it, but you can make alot of money by beating up old ladies and taking their money too.

Edited, Jun 7th 2006 at 2:04pm EST by tarthrin

thanks for the replies, but I've been playing a little bit with the AH with my spare time during bg's and stuff, and so far, today I've gotten cheap stuff to be worth about 200g profit :D so I think I'll keep doing this until I can get my foror's.

Its dog eat dog out there.

Sure you may feel better about yourself at the end of the day knowing you didnt make a profit of "some poor guy".

But someone else will. Someone will see that item on the AH for less than its worth. There are thousands of people trying to play the AH on every server. If it's not you, then someone else will make money off "some poor guy".

And at the end of your WOW day, maybe youll feel better about yourself, but you wont be any richer for it. And the poor guy that probably bought his gold from some rl poorer guy in china will still be out the 164 gold.

So, I would suggest you take full advantage of every opportunity you have, it's really not directly hurting anybody and in fact, its a matter of who makes the profit from re-pricing, not if re-pricing occurs imo.

Capitalism FTW!!!

God I could go on and on about all the insane re-sell deals I've found on the AH, which is how I make awesome money in WoW. Selling leather just won't cut it...

I think I found 20 stonescale eels for 60S once.... 20 Encrypted Twighlight manuscripts for 1G, sold for 20... I love the WoW economy. It made me a rich man.

Big investments are often big gambles. Auctioneer tells you the price someone put something up at, but it doesn't tell you that it actually sold at that price. the 250G Zedd could be the same one that was put up at 414G, and you wouldn't know. OTOH, 250G could actually be a good price, and you can sell it at 350G for an overnight 100G profit. Make certain that your price base is good by checking Auctioneer and seeing at least 30 of the item as having been put up. If it's less, you could be in trouble.

I don't play the AH a lot - I'm more of a primary supplier, and I'm not greedy. If I got that Kris as a drop, I'd probably put it up initially for 150G for a fast sale. Why? Because you only need so much money, and more isn't going to make a big difference.

While I understand what you're trying to say, the logic of doing so wouldn't make sense. If I put up an auction for Copper bars at 2g and someone buys and relists at 1g, you're going to have taught me that someone will buy it at 2g. Thus, I have incentive to sell all my copper bars at 2g. This will actually result in the eventuality of copper prices rising.

Now, if those people really want to balance the server's prices, they'd instead gather their own auctions and list many at the correct price, forcing me to lower my prices to compete. Yes, while price stabilization works one way in one direction, doing so in the other direction requires a different approach. Obviously, this will not work as well with rare goods, thus making them more susceptible to the control of a few people with money.

I am a believer that higher prices on some things are only to the benefit of those without a 60 with massive funds backing them. Copper bars go up in price to 1.5g a stack? My lowbie miner's mount fund now requires only sixty stacks of bars instead of 90. However, if the copper is allowed to drop in price to 75 silver a stack, I now have to gather 120 stacks, while that sixty who is powerleveling a profession benefits. So, do I care if people play the market? Not really, no.

Besides, if prices go up high enough, there'll be an influx of gatherers and it'll balance out. Again, this is only for gathered mats, not necessarily for rare drops.

The only thing that ruins the Economy on WoW are people who buy gold using RL money. TRUE!

Buying and re-selling at a higher price is what made America great and really helps the economy in the Long run. Supply and Demand... if people are not willing to pay such a high price... they won't and subsequently, prices will fall. The Price people are willing to pay is what determines the selling price in AH. Look at the high prices os Gas, the supply is constant and demand is increasing every day, so gas prices are on the rise. The only way to get prices to drop is to increase supply (i.e. Production) or to have the demand for gas diminish.

If people are willing to put in hours of farming/crafting and saving for an item at 400g and buy, then the supply for that item will have gone down and assuming the demand is the same, the price will go up, say 440g. If people don't want to take the time to farm/craft then the demand will fall and the price will as well. This form of price maximization just takes the highest price people are willing to pay for an item and that's the price.

People are just pissed because they don't want to spend the time getting funding for an "overpriced" item when in reality they are the ones who set the price. The best deals on items are over the /3 Trade Channel and not in the AH. You might get a big score when you buy at 100g and resell for worth 300g and "make" 200g once a month, but the smaller deals like buy 30s and sell for 90s that can happen 80 times a day are where the big money comes in. The question then becomes a matter of time you want to spend... The 200g once or twice a month or the 48g a day on 'smaller' deals (1440g month)?

What I like to do is undersell a lot of things. Farm 300 light leather (30 stacks) and check AH current prices. If I find there are roughly 15-20 stacks selling for say 80s a stack, I will put up all my leather at 40s Bid and 43s90c Buyout (the 3s90c is just to get the extra g). I set it for a 24hr auction and peace out back to the world and quest/farm/craft whatever and I laugh when I see 'Your Auction of Light Leather has Sold' come up 30 times. BANG 13g less AH cut.

Gold-Buying from Chinese farmers (or whatever) ruins the economy and causes extraordinarily high prices. TRUE!



Edited, Jun 16th 2006 at 3:50pm EDT by witbox

true...
when i was amassing the gold for my epic mount, i hid a large portion on an alt parked far away from the ah to ensure nothing like that happened. because i play drunk.













































often.

sometimes i post drunk too.

Sometimes it is also about keeping up with latest developments. I read in the forums, that with the new patch 1.11, Naxxramas attunement requires lots of Arcane crystals. People who will want to do Naxxramas have the following characteristics:
1. They have lots of gold, or their guild bank has.
2. They will never lower themselfs grinding for stuff.
3. They want to do new contant ASAP and take honour by downing a new boss first.

Add all this together and you can predict that with the new patch, Arcane crystals will inflate massively. So 1 day be4 the patch I bought up large quantities of Arcane crystals and after the patch, sold them for 80+ gold.

If you look at my very first post - I have been rated down for

1) Recounting a true story in which I got a cheap libram by checking the AH every morning.

2) Asking a simple question which if anyone put any effort in answering it - (which I note they didn't) - then they might have seen the contradictory position they had put themselves in.

I'll repeat the conclusion/question again :

It is ok to buy a 400g libram for 50g for personal use ?
It is ok to farm a libram and sell it for it's market value ?

...but it is not ok to buy a 400g libram for 50g and sell it for it's market value ?