Average AH poster allergic to gold?

[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.

[Paperfox]

what if people don't think those bags are worth that much, and sell them for what they think they are worth?

[anon5123]

"wahh wahh these people are assholes for undercutting me why don't people just pay my absurd prices???"

lol

[Fawkess]

I think a lot of people just dump things at a low price because it's fast and quick money

Don't have to worry as much about being undercutted and you get money when you nee it

[Dristereau]

I've kind of got to the point personally where my main aim is to get rid of stuff. On my smaller server I'm more likely to undercut a larger amount in hopes of sale, whereas on a larger server I don't feel the need to.

Honestly though I've made enough gold that I don't worry stress about margins anymore. I have seen crazy undercuts myself and been surprised but with how much I have now half of my aim is to just get rid of stuff

[Doctor Funkenstein]

Because not everyone is a fucking greedy asshole.

No one gives two shits about your "profit margins." People like you are what have made the AH a worthless shithole.

[Yunaqt]

Comes from a couple of things 1 is because it's made from there mats they assume it's 100% profit without thinking of the cost in time it took for said mats.

The second is the want for something quickly. So seeing an auction for 4k gold so in turn thinking "If I list this for 3k it will sell quickly". So really just trying to get a quick turn around.

[Squigglyo]

The item is crafted with 'free' mats. There is no value to tie it to.
Your random decision that its worth x means nothing to anyone but you and your buyers.

If someone else gets free mats and decides to sell it for Y value.
They are the superior business, as they can supply the same item you are for a fraction of the cost to buyers. Your only claim of superiority is that you 'know better'. As a buyer of a bag I couldnt care less if you think you think its worth more. If i can get from someone else for less, it isnt worth more.


You are trying to control the market by pinning the value of a item to your baseless value. Its not something you can control, nor should it be.
You have supplied the majority of this item for some time, the fact that other people are now picking up on it and creating competition is just the free market at work.

[hynx]

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.

quit QQ-ing about being undercut and move the fuck on to something else. nothing last forever my guy. you just sound salty and whiney that the market has shifted.

[Fegalevac]

Thank you very much. Very helpful information.

[Salty Maud]

Your niche has died. Find a new one. Hexweave Bags arent worth much more than 1k anyway, be happy you got to exploit your local market for as long as you did.

[XDurionX]

Clicking the AH isn´t fun, people just want to get rid of their stuff fast.

[Mendzia]

Uhh... That is very interesting and important blog post, thanks.

[Nenavn]

Because people want to sell and they want to sell fast. They don't want to play your game of undercutting by half a silver to bump their listing to the top, so instead they nuke the price by 30%-50% so you won't be tempted to start fighting them for the cheap sell.

If you really want to combat them, maybe you should start investing in them and buying their extremely cheap bags and relisting them for your favored price. They're practically giving you profit and you're choosing to complain on the forums about it. Are you allergic to gold?

[Paze]

I'm always undercutting by at least 20% because I have enough gold for like everything I need. So I dont care and want to get rid of this stuff. People without that much gold are mostly happy about it.

[Donald Hellscream]

Because I want to sell my stuff, now of course I got lazy and just started using TSM which automaticly undercuts by 1c, but before I always just rounded down from the price so if they price was 3999 i'd post mine for 3000 etc, unless it was below 1k in which case I'd sell mine for maybe 50g cheaper.

[The Butt Witch]

People are stupid. In fact MOST people are stupid, incompetent, however you want to call it. If all people were smart, then no one would be richer than others.

[Ange]

My beef comes from people undercutting by such wildly random and huge jumps.

It is all about your perspective.

People give away stuff for free in trade chat, to be nice to others, since its just an MMO and you dont have to be greedy just to "WIN" the game.

Your point of view of the game, by just limiting yourself to the AH and getting even mad about social pricing of other players is partly ridiculous and also very sad. I hope for yourself this is not the only ingame interactions with player you got, since that would make your gaming experience the most sad thing I ever heard.

[Chuupag]

I feel like all the people saying I'm a greedy bastard and the other posters are just wanting to dump their items are missing several points. My server is tiny. I basically have been the bag market for years now. Without my time and effort bags would be even more expensive than they are currently b/c the supply would be drastically lower whereas the demand would be the same. To the people saying crafting with your own mats or freely created mats have no value have obviously missed the point that time is money. You go to work and they pay you a wage for your time b/c time is a valuable commodity. There is also price ceilings for Hexweave Bags based on the price of bags the exact same size. There is a vendor bag the same size that costs 2400. It is unique so you can only have one. There is also the Deepsea Bag with current mats that is even easier to craft but depends on prices of the raw goods. At time of writing those are going for pretty much the same price as the Hexweaves yet crafting cost is only half that. Why aren't people undercutting those hard if they just want to dump for quick gold? Deepsea Bags are easier to make with less effort yet they are within 50g of average price between the two across all US servers.

[Kuja]

I have been saddened by it too. Primarily when trying to sell heirloom enchants, and people undercutting me don't understand how much people are ready to pay for them, and list lots of them for dirt cheap. Soon I will buy all of them, and the materials for them too, no matter how unwise it would be.