I read the 2.3 patch is going to change the current 2/12/24 hour auctions to 12/24/48 hours. What impact, if any, do you think this will have on the market?
I currently capitlize on times when certain tradeskill items sell out (e.g., various ores and bars, various herbs, various skins, etc.). Then I can throw mine up at a good amount and they move because mine are the only ones on the AH.
It seems like longer auction times will potentially reduce my opportunity selling because there will potentially be less times in which there are no Mithril bars up for sell for example.
Edited, Oct 10th 2007 9:12am by KansasKyle
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Impact of 12/24/48 hour auctionsFollow
removing the 2 hour is ok.
leaving the 12 and 24 hour will be similar before (8 and 24 hour). if you dont want to use the 48 hour (which also means more deposit, probably) then you it shouldn't affect you too much.
there are times when items were over at 8 hours that i wished it was on for just a few more hours (eg 9am-9pm, instead of 9am - 6pm). so 12 hours would fit my timeframe without much adjustment.
I guess it depends on how you are using the AH. If you are a 'timer', then the increases in auction times will probably not help you, for the reason the OP pointed out.
For someone like me, who has a AH alt that handles all of the stuff my portfolio of characters can't use, it will make like easier. I will not have to log on as that bank alt twice a day (at least) to see what has sold, what hasn't sold and how much money I have to send out to my army of field agents.
Thranathiril
For someone like me, who has a AH alt that handles all of the stuff my portfolio of characters can't use, it will make like easier. I will not have to log on as that bank alt twice a day (at least) to see what has sold, what hasn't sold and how much money I have to send out to my army of field agents.
Thranathiril
bluegayle wrote:
removing the 2 hour is ok.
leaving the 12 and 24 hour will be similar before (8 and 24 hour). if you dont want to use the 48 hour (which also means more deposit, probably) then you it shouldn't affect you too much.
From what I read, the deposit prices will remain the same, they are just changing the duration.
hummmmm... economics....
initially, prices will drop because there will be (what seams like) a flood of mats and such on the AH, and since people aren't gong to be USING more items, not all these auction will complete successfully. sellers will have to drop prices a little to complete their auctions successfully. sellers will lower their prices to ensure a sale.
...followed by a brief shortage of supplies (and likely spike in price) because everyone bought up "cheap mats" they saw on the AH, but the gatherers haven't had enough time to restock.
in 1-2 weeks, this temporary imbalance will disappear and prices will settle slightly higher than before because you haven't increase actual supply any but you have increased the exposure to buyers (effectively is "more demand")
Edit: and the AH will collect fewer fees, so we'll all be a small bit richer
Edited, Oct 10th 2007 12:51pm by ixidoria
initially, prices will drop because there will be (what seams like) a flood of mats and such on the AH, and since people aren't gong to be USING more items, not all these auction will complete successfully. sellers will have to drop prices a little to complete their auctions successfully. sellers will lower their prices to ensure a sale.
...followed by a brief shortage of supplies (and likely spike in price) because everyone bought up "cheap mats" they saw on the AH, but the gatherers haven't had enough time to restock.
in 1-2 weeks, this temporary imbalance will disappear and prices will settle slightly higher than before because you haven't increase actual supply any but you have increased the exposure to buyers (effectively is "more demand")
Edit: and the AH will collect fewer fees, so we'll all be a small bit richer
Edited, Oct 10th 2007 12:51pm by ixidoria
There might be a slight amount of volatility in the first week or so, but after that, the markets will stabilize at a price level slightly below previous levels.
Lower transaction costs just means that sellers will be forced to price their goods lower to compete with other sellers. They will, however, achieve similar profits.
In effect, the buyer will be getting the better of the deal since price levels will decrease slightly, but sellers won't see any change in profit. In effect, Blizzard will be picking up the loss on this one (although not really, because they're not doing anything with the money, just taking it out of circulation).
Edit: Forgot to respond to your main point. Need more coffee, apparently.
Your intuition is backwards. You're not increasing the amount of demand in the market, but by allowing items to stay on the AH longer, there will be less instances of people forgetting to re-list things, and the amount of time that unsold items remain off the market will be greatly reduced. In essence, this will increase the quantity of goods supplied, which will lower prices and foster a greater equilibrium quantity demanded.
Edited, Oct 10th 2007 1:47pm by Demea
Quote:
Edit: and the AH will collect fewer fees, so we'll all be a small bit richer
Lower transaction costs just means that sellers will be forced to price their goods lower to compete with other sellers. They will, however, achieve similar profits.
In effect, the buyer will be getting the better of the deal since price levels will decrease slightly, but sellers won't see any change in profit. In effect, Blizzard will be picking up the loss on this one (although not really, because they're not doing anything with the money, just taking it out of circulation).
Edit: Forgot to respond to your main point. Need more coffee, apparently.
Quote:
in 1-2 weeks, this temporary imbalance will disappear and prices will settle slightly higher than before because you haven't increase actual supply any but you have increased the exposure to buyers (effectively is "more demand")
Your intuition is backwards. You're not increasing the amount of demand in the market, but by allowing items to stay on the AH longer, there will be less instances of people forgetting to re-list things, and the amount of time that unsold items remain off the market will be greatly reduced. In essence, this will increase the quantity of goods supplied, which will lower prices and foster a greater equilibrium quantity demanded.
Edited, Oct 10th 2007 1:47pm by Demea
Jophiel wrote:
I managed to be both retarded and entertaining.
Impact? I don't see an impact and I'll explain why...
As you say, demand hasn't changed. Competitively priced items such as ore, primals, enchanting materials and such will still be bought at the same rate as before.
Then again, supply hasn't changed either. The farmers still gather all the ore, primals, etc. they can in a day and list them. If something doesn't sell in a day, what happens? It gets relisted, vendored, disenchanted or saved for later. It doesn't matter whether this happens after 2, 8, 12, 24 or 48 hours.
As you say, demand hasn't changed. Competitively priced items such as ore, primals, enchanting materials and such will still be bought at the same rate as before.
Then again, supply hasn't changed either. The farmers still gather all the ore, primals, etc. they can in a day and list them. If something doesn't sell in a day, what happens? It gets relisted, vendored, disenchanted or saved for later. It doesn't matter whether this happens after 2, 8, 12, 24 or 48 hours.
One cannot forget about barriers to entry. For those of us who play on a tighter schedule of maybe Tuesday/Thursdays or the weekends, we will be able to sell our things all the way up to Tuesday night instead of only Monday night(taking the weekend example). It will not affect the supply curve though, it will only move down along its axis for a short while.
If you are right, this will reduce the effect of yet another barrier to entry, the deposit price. With the deposit price brought down at a per hour rate, more people will be able to put up their weapons/armors/stuff up for sale, rather than vendoring/disenchanting these items. This WILL increase the supply of weapons,armors, other "stuff(too much to list)" which costs gold to list.
As for materials which cost nothing to list(ie: enchanting mats), it is harder to predict as items will be able to be listed longer(therefore increasing quantity of goods supplied for a short while, dropping the price), but less armors/weapons will be directly disenchanted(since a profit can be earned by selling these non-disenchanted items directly). Since prices on armors/weapons will also decrease because of the increased supply, AH disenchanters will be able to buy more items at these reduced prices to sell as disenchanted materials(making me very confused on the outcome).
In saying this, I believe it will not affect high population servers very much, but it WILL make a substantial difference to those low population servers, which I think is what Blizz is going after anyways.
Edited, Oct 11th 2007 11:23am by baveux
Edited, Oct 11th 2007 11:25am by baveux
Quote:
From what I read, the deposit prices will remain the same, they are just changing the duration.
If you are right, this will reduce the effect of yet another barrier to entry, the deposit price. With the deposit price brought down at a per hour rate, more people will be able to put up their weapons/armors/stuff up for sale, rather than vendoring/disenchanting these items. This WILL increase the supply of weapons,armors, other "stuff(too much to list)" which costs gold to list.
As for materials which cost nothing to list(ie: enchanting mats), it is harder to predict as items will be able to be listed longer(therefore increasing quantity of goods supplied for a short while, dropping the price), but less armors/weapons will be directly disenchanted(since a profit can be earned by selling these non-disenchanted items directly). Since prices on armors/weapons will also decrease because of the increased supply, AH disenchanters will be able to buy more items at these reduced prices to sell as disenchanted materials(making me very confused on the outcome).
In saying this, I believe it will not affect high population servers very much, but it WILL make a substantial difference to those low population servers, which I think is what Blizz is going after anyways.
Edited, Oct 11th 2007 11:23am by baveux
Edited, Oct 11th 2007 11:25am by baveux
I know little of economic theory. So I’m not even going there.
I see this as a good thing for both sellers and buyers. Sellers can have their goods available for purchase for a longer period of time and thus have a better chance of selling them. Buyers will have a wider selection of items to choose from. I just don’t see a downside to this for players like me who just toss stuff onto the AH in hopes of making a few coins and to avoid cluttering up our bank bags.
I see this as a good thing for both sellers and buyers. Sellers can have their goods available for purchase for a longer period of time and thus have a better chance of selling them. Buyers will have a wider selection of items to choose from. I just don’t see a downside to this for players like me who just toss stuff onto the AH in hopes of making a few coins and to avoid cluttering up our bank bags.
Calabar wrote:
I know little of economic theory. So I’m not even going there.
I see this as a good thing for both sellers and buyers. Sellers can have their goods available for purchase for a longer period of time and thus have a better chance of selling them. Buyers will have a wider selection of items to choose from. I just don’t see a downside to this for players like me who just toss stuff onto the AH in hopes of making a few coins and to avoid cluttering up our bank bags.
I see this as a good thing for both sellers and buyers. Sellers can have their goods available for purchase for a longer period of time and thus have a better chance of selling them. Buyers will have a wider selection of items to choose from. I just don’t see a downside to this for players like me who just toss stuff onto the AH in hopes of making a few coins and to avoid cluttering up our bank bags.
I don't think there is a real downside to the casual AH person like yourself.
Recently I have been posting and auctioning like crazy. I feel that the 48-hour posting will have a negative effect on the sellers. My main reason being that people for the most part like to lowball each other. See something posted for 25g, so they post for 24g in the hopes of making the faster sale.
The longer the items are up, the more time you can be overlooked for having a "higher price" which isn't necessarily the case. I think it will force sellers to have a more competitive price, which again will be undercut.
Potentially for the buyer, if mats are dropping in price, the end product will drop in price also. So all in all it will just take longer to get the same amount of gold you want :P
Hypothetically speaking.
I don't forsee any change at all, since most of the stuff I post sells within 24 hours anyhow. The only thing that might be hurt is my Auction purchases, since I'd have to wait longer to find out if I'd won or not. On the other hand, the longer auction times might give me a better chance of protecting bids.
I think the 48-hour thing will be good for items that don't sell right away. There's been many times that I put something up, it didn't sell, I reposted it and it sold the second time. Maybe with the 48 hr thing, it would have sold the first time and I wouldn't have wasted time reposting it.
I think it's excellent. It's a pain in the *** to keep relisting things all the time with my bank alt, specially if they keep the same deposit amounts. I don't have time to play the AH all day waiting for the two hours when there isn't any of this or that up there.
If the cost to list for 48 hours is the same as it presently is to list for 24, I'll continue to list for 24 hours on 90% of the items I sell and save a bit on deposits, but even if listing prices don't change I'll still go for 24 hours on everything but blue weapons/armor or better.
I am going to take the stance of 'poor me'
Frequently I bid as cheaply as I can and will wait for months for a sweet deal. Any chance to save a buck or two, ya'know? What this change will mean for me is that my bids will be alot less likely to be a success since there will be more browsing done on each item, and more than likely more bids on good deals.
Naturally this won't change the timers, where programmers A, B, and 500 are trying to bid on below average sales prices at the last minute to make a flip, but for the honest (or ignorant) gamers who don't use a program to monitor their bids (or crackheads hovering over the bid button with a stopwatch for 30 mins), it is going to suck.
Not to mention the longer the duration is, the more time little Timmy will have to think about the item and how much he wants it, eventually yielding to buyout. I think it will mean more buyouts, less cheapskate bid deals, and also it will put alot of bidding cash 'temporarily out of game' for the extended period. It's like a temporary debuff to mudflation which I could see as being good. I like to think that means the gold spammer companies out there will have less cash flipping and more cash stuck in bidding.
if you are one of the people who buys gold from teh spammers, I'm sure you can expect an increase in the RL price because of this change as well
Frequently I bid as cheaply as I can and will wait for months for a sweet deal. Any chance to save a buck or two, ya'know? What this change will mean for me is that my bids will be alot less likely to be a success since there will be more browsing done on each item, and more than likely more bids on good deals.
Naturally this won't change the timers, where programmers A, B, and 500 are trying to bid on below average sales prices at the last minute to make a flip, but for the honest (or ignorant) gamers who don't use a program to monitor their bids (or crackheads hovering over the bid button with a stopwatch for 30 mins), it is going to suck.
Not to mention the longer the duration is, the more time little Timmy will have to think about the item and how much he wants it, eventually yielding to buyout. I think it will mean more buyouts, less cheapskate bid deals, and also it will put alot of bidding cash 'temporarily out of game' for the extended period. It's like a temporary debuff to mudflation which I could see as being good. I like to think that means the gold spammer companies out there will have less cash flipping and more cash stuck in bidding.
if you are one of the people who buys gold from teh spammers, I'm sure you can expect an increase in the RL price because of this change as well
I honestly don't think it will have that much impact on the medium or long term prices. Supply will most likely stay the same since people who don't like to farm now won't suddenly take an interest in it because of the change in auction times. Hard to find mats will take a small dip down because people will think they no longer have to monitor the auction house quite so closely since the mats will be posted longer. They soon will realize that the mats sell at basically the same rate as before, and prices will adjust back up. Some people will also think that because they can post their auctions for longer periods of time and get more exposure to more players they won't have to undercut as much. They will soon find that this isn't exactly the case either.
The biggest factor will be the server. Servers with a smaller population will be affected more b/c of supply. Larger and older severs where in general people have more money won't be affected much at all.
The biggest factor will be the server. Servers with a smaller population will be affected more b/c of supply. Larger and older severs where in general people have more money won't be affected much at all.
It shouldn't affect my Enchanting business much, since I simply sell DE'd materials at the usual market price, and since there's no deposit cost anyway, the only real effect will be I'm getting stuff from the mailbox and relisting it about half as often.
I'm afraid it will negatively affect my just-in-time Jewelcrafting business, however. My modus operendi is to scan the Gems section of the AH using Auctioneer, see which jewel types have 0 listed (or 1-2 listed if it's a particularly in-demand jewel), then cut and post that gem on the spot for a price somewhat over market average. Doubling auction times means less windows of opportunity for me--the dopes who put 12 of a jewel up for 2g each and wonder why they're not making much money will be up there twice as long.
I'm afraid it will negatively affect my just-in-time Jewelcrafting business, however. My modus operendi is to scan the Gems section of the AH using Auctioneer, see which jewel types have 0 listed (or 1-2 listed if it's a particularly in-demand jewel), then cut and post that gem on the spot for a price somewhat over market average. Doubling auction times means less windows of opportunity for me--the dopes who put 12 of a jewel up for 2g each and wonder why they're not making much money will be up there twice as long.
Those dopes of whom you speak provide a steady sell/resell income for me, only now you need to check the AH to keep your price the lowest
on the lightbringer server the auction house has been complete rubbish for months , yes some sections are working well but armour/weapons for the lower levels at least are almost non existent or at way above reasonable prices like 10g for a level 15 to 25 green ??????
the 60+ market in weapons/armour it is almost impossible to sell stuff or to buy reasonable stuff on it , i am lucky i have an alt that is an enchanter as anything that does not sell i dis
i am hoping with the longer times that it may level out and see the market return to what it was before BC came out
on my server the disenchanters are grabbing anything and everything they can to disenchant , the power levellers of different professions (fools ? ) that flood the market with one made item are just giving the disenchanters gold , like the jewelcrafters selling far below what it costs to make , something like half price to what its worth disenchanted
in other words it is a complete mess which i hope will slowly sort itself out with the longer times
the 60+ market in weapons/armour it is almost impossible to sell stuff or to buy reasonable stuff on it , i am lucky i have an alt that is an enchanter as anything that does not sell i dis
i am hoping with the longer times that it may level out and see the market return to what it was before BC came out
on my server the disenchanters are grabbing anything and everything they can to disenchant , the power levellers of different professions (fools ? ) that flood the market with one made item are just giving the disenchanters gold , like the jewelcrafters selling far below what it costs to make , something like half price to what its worth disenchanted
in other words it is a complete mess which i hope will slowly sort itself out with the longer times
Maybe this is just a plan to disrupt our Gold Farming Friends on the left side of the Pacific. Removing the 2hour auction means that you can't make a quick sale before the end of your shift - In effect, the farming buddy is the one to profit from the sales. I suppose forcing the farmers to buy licence per player is one way of putting pressure on them.
2 posts
Never thought about the from the gold farming perspective, but good point. I hope it annoys them :D
Scholar
38 posts
Im not a big fan of the 48 hr auctions for a few reasons
Cons
-when you look on an auction now it still uses the same terms of short, medium, long, very long..
-now the very long still says sthe same as pre 2.3
How am I surpose to know if this auction was put up 1 day ago or more than 24 hours... we need a lil more clarification there.
-the cost to up it up( if not paying attention everytime you put an auction up) it adds up, what if I dont want to put up an auction for 48 hours, cuase I know it will sell in less than 24 hours.
Pros
This plus side of this, well more like its bitter sweet.
- the economy now takes a little more time to have this flux. i like this sometimes cuase when things are low they are lower for a bit more time. and I can make more money DEing stuff.
on the neg side of the same argument is that when the market is high on certian things its higher for longer.
Cons
-when you look on an auction now it still uses the same terms of short, medium, long, very long..
-now the very long still says sthe same as pre 2.3
How am I surpose to know if this auction was put up 1 day ago or more than 24 hours... we need a lil more clarification there.
-the cost to up it up( if not paying attention everytime you put an auction up) it adds up, what if I dont want to put up an auction for 48 hours, cuase I know it will sell in less than 24 hours.
Pros
This plus side of this, well more like its bitter sweet.
- the economy now takes a little more time to have this flux. i like this sometimes cuase when things are low they are lower for a bit more time. and I can make more money DEing stuff.
on the neg side of the same argument is that when the market is high on certian things its higher for longer.
wastedromance wrote:
-the cost to up it up( if not paying attention everytime you put an auction up) it adds up, what if I dont want to put up an auction for 48 hours, cuase I know it will sell in less than 24 hours.
If you know your auction is going to sell in less than 24 hours, then it doesn't matter. You always get your AH deposit back on a successful auction.
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