Originally Posted by
Chuupag
So I have been the primary supplier of Hexweave Bags on my tiny server for the past several years. I have also dabbled in the other easily crafted bags as the expansions have come and gone in order to be involved in the secondary markets. These are not the only things I do/sell on the AH, but it is a large chunk of my profits. I have 18 toons sitting in their garrisons and by my estimates I provide about 60-70% of all the Hexweave Bags on the server. According to the undermine journal I was the #1 seller and the #4 seller, Horde and Alliance sides respectively for Hexweave Bags.
My philosophy for the AH is sell what everyone needs, and everyone needs bags. Seeing as I'm doing this to make gold, I will occasionally buy up and reset when conditions are favorable in order to keep the average price up. My reset price is 4500, which is absurd for a bag yes, but I don't expect them to sell for that price. I just want every Joe Schmoe's auction addon to get that price point in and bring the average up so when then invariably get undercut by people who know nothing about how to make a profit I can at least get some sales in the decent price range.
My beef comes from people undercutting by such wildly random and huge jumps. Say I reset to 4500, within an hour it's already down to 1800, and within another hour it's down to 1000. If everyone stopped undercutting by these ridiculous amounts we could all make a bit more gold. This is like in A Beautiful Mind, the game theory in the bar stuff, if everyone plays nice we all get to get lucky, whereas if we all trip and stab each other we all go home to a date with Rosie Palms.
I can only come up with two reasons someone would undercut 4500 to 1800. Either they don't think they can sell at 4500 and they thing I'm a greedy bastard for posting them that high and they are being all Robin Hood undercutting to the "real price", or their AH addon is set up to post at the "average" price and they just don't care enough about making gold.
I'm just a bit more salty about it of late as all week some rando with 50 bags has been dumping all of his load at once. I would never post that many at once b/c I'm not wasting all that gold on deposits when there is no chance you can sell that many, and I'm not going to buy up that many to reset. I'm obviously in this for the long haul. I have 2 accounts and my wife has 1 that we have not paid for with real dollars since tokens came out. Accounts are all paid for 7+ months and still have $250 in bnet balance. I'm just sitting there the few times I check AH throughout the day flabbergasted at what must be going through some of these people's heads when they are "playing the AH". I feel like I've stumbled upon a toddler who thinks he's playing the big boy game, when in actuality he's just shitting all over the Clue board and going "pewpew" with the revolver while saying Captain Ketchup did it.