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Toastertech
Premium
join:2003-01-05
Canada

1 recommendation

Auction House bleeting

So I have been only playing for about 3 years or so and have never had this happen to me before. Now I am not a huge AH user only try to sell some mats or items if I do not need them from time to time. Usually if items do not sell in a 24 hour period I just disenchant them for what ever I can get out of them.
Today I placed 4 separate lvl 450 armor pieces as I did not need them nor did any of my alts, a few minutes after placing them I get a whisper from another player basically bleeting because I set the buyout price a gold or two below his, he thought that I should have only set them a copper or silver lower so everyone gets a fair chance to sell their items.
I had a quick look to see what other items this character had and saw that he has about a page or more of lvl 450 and up items. So I pulled a childish fit and repriced my items at 1/2 of his prices, now I am wondering if that was called for or is there some kind of unwritten rule that says that we should keep our AH prices fairly close together or is it a free for all, and if this guy complains again just ignore him.


stonhinge
Premium
join:2003-07-28
Topeka, KS
Ignore him. People undercut all the time. If you put something up on the AH, you want it to sell. So it makes sense to undercut the people who already have items up.

Probably wasn't necessary to relist at half his price - mainly because that would give him the opportunity to buyout and relist at his price. Undercutting a few gold generally keeps that from happening, or at least keeps it from being profitable.

I generally undercut anywhere from 10-20%, depending on the item and what its selling for. But then, I'm usually just looking to get quick gold out of an item, not maximizing my return. So I price to sell, but generally not low enough where another seller can buyout and relist profitably.

"Everyone getting a fair chance to sell their items" doesn't work in a free market environment. This isn't a church bake sale.
--
When the ship lifts, all bills are paid. No regrets.


mettachain
Goblineer

join:2011-09-27
Azeroth
kudos:1
That's all I do. I buy low and relist high for profit. I don't make anything myself. If toastertech did that to me, I'd be happy and most assuredly buy his stuff at half price and relist. I'm constantly live scanning new posts to the auction house and have rules set up in my addons to alert me when something is significantly below market value.

Keep it up toastertech. your cost to make items and post them will dwindle your gold slowly but surely.
--
Reading your post made me want to punch a kitten in the jawbone.

Toastertech
Premium
join:2003-01-05
Canada
reply to Toastertech
Actually he changed his price on the same items 1 gold lower than mine, so I purchased them and re-listed mine and his at the original prices just for fun. The amount of gold does not bother me as I have lots as I am retired with 2 active accounts and have large amounts of time and mats on hand along with a teenager in the house that loves to farm. I may just put him on ignore or possibly start a blog if he goes into full blown nerd rage.


The WeaseL
Premium
join:2001-12-03
Minnesota
reply to Toastertech
Depends on what I am selling will dictate what I price at, but in this case, I'd just ignore his whining.

Also to help prevent dealing with this, I post all my AH stuff from an alt instead of a character I play.
--
How lucky am I to have known someone who is so hard to say good-bye to.


Kilroy
Premium,MVM
join:2002-11-21
Saint Paul, MN
reply to Toastertech
I'm like you Toastertech See Profile. I'll normally list for a few gold less, depending on the item and cost. All of my posts are copper free as it isn't worth my time to worry about copper. When you start getting over 1K I'll cut you by 100G and through in a free enchant. Normally anything I put on the AH is just to clear out inventory space and generate a little coin.
--
“Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something.” ¯ Robert A. Heinlein

Toastertech
Premium
join:2003-01-05
Canada
reply to Toastertech
I hear what you're saying same reasons here just to clear out inventory space, it is surprising how quickly it accumulates this is is my banking/blacksmith toon he has all 20 slot bags including bank and a 5 tab guild bank as sole member to use as space and I still fill it quite frequently, think that I will craft some of this armor and drop it into some of my alt guild banks.


Snuffbox
nice irl
Premium
join:2011-04-15
Milwaukee, WI
kudos:4
reply to Toastertech
This is all a matter of context.

If you're posting 10+ stacks of herbs/ore, undercutting by a significant margin (2-3g) is foolish and brings down the entire market.

But posting a single blue for 898g while there's an existing blue for 900g absolutely doesn't matter, go for it.

When undercutting on farmable mats, please only undercut by 1 gold max.

To give perspective, the mobile iphone auction house automatically undercuts by only 1 copper.

Toastertech
Premium
join:2003-01-05
Canada

1 edit
And that is exactly what I was talking about my price for 4 single pieces of armor at 398 vice his 399 gold is what he was bleeting about. I actually currently have 15 pieces each of the armor that upset him and considered flooding the market just for fun and would have if he had been the only other person selling these items.

Today I received an in game mail from him saying that he has decided not to undercut my new prices until after midnight out of the respect that everyone deserves. After midnight he would be back on the clock, I guess he did not notice that I had already purchased his undercut items and re-listed all of them at 395 which 6 out of 8 have already sold.

I will probably not push this any further although it has been fun so far, just not worth my time even for the entertainment value. As for normal pricing I have Auctioneer set to undercut by 10% as it is, it was his whisper in game advising me of how I should price my items that got my back up, for stacks of mats I would only sell at the recommended price.

Who knew that WoW could be so much like a soap opera.

edit: 'cause I can't spell with too much blood in my caffeine system


Caelharrad

join:2012-04-13
Fenton, MO

1 recommendation

reply to Toastertech
I'm not a big AH player, but generally on the high-volume items (e.g. ores/bars, cloth, skins, herbs, etc) there's going to be buying traffic no matter what, so you only need to undercut by a very small amount to get your items sold. If Ghost Iron bars are going for 7.5g each, I can get mine moved at 7.4g apiece, guaranteed.
...
For higher-end stuff, selling for several hundred up to several thousand gold, the volume is much lower - there just aren't as many people looking to buy a specific item in any given time period - so my undercut tends to be a little larger in order to get the item moved. If I make a Masterwork Spiritblade Decimator, and see the lowest priced one in the AH is 4800g, then I'll price mine at about 4600g. Whether the item goes to a happy Death Knight somewhere who's going to equip it, or to the guy with the 4800g listing so he can relist my item at his price, makes no difference to me.


Snuffbox
nice irl
Premium
join:2011-04-15
Milwaukee, WI
kudos:4
reply to Toastertech
said by Toastertech:

I guess he did not notice that I had already purchased his undercut items and re-listed all of them at 395

This is exactly what I would have done.


Kilroy
Premium,MVM
join:2002-11-21
Saint Paul, MN
reply to Snuffbox
said by Snuffbox:

If you're posting 10+ stacks of herbs/ore, undercutting by a significant margin (2-3g) is foolish and brings down the entire market.

The thing is, if I'm cleaning out bank space I really don't care about the market. If you feel like buying up all of my items and relisting to prop up the market, go for it. When my stuff sells I have the gold and you can worry about the listing costs and finding people to buy at your price. I'm just looking to get better than vendor prices for the things that are clogging up my storage. In some cases if you hold on too long the items are no longer worth anything.

A good example right now would be the pets from Father Winter. The first few might sell well, but now the prices are in the tank. With all toons getting the pets when one gets a pet there is much less opportunity to sell them. For those of use who have been around a few years all of our toons already had them individually. Now we have another load of them. I don't see listing them for 100G or whatever the current price is when I can dump them for 25G and sell them to those who are willing to wait until someone will pay 100G for them again.
--
“Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something.” ¯ Robert A. Heinlein


Gork
Ou812ic

join:2001-10-06
Bountiful, UT
reply to Toastertech
I say sell for what you want to sell for and who the heck cares about "the market" or anyone else?! There will always be someone out there who can appreciate lower prices, whether it's someone who can use the items or someone who'll gobble 'em up to sell at a higher price somewhere down the road. If you're willing to not make the money you could there'll be someone out there ready to take advantage of that. And for those in the market long-term, low sales by others aren't gonna' kill 'em. The true "marketeer" knows how to roll with the punches and isn't going to gripe when someone doesn't market items in the same way they would. And to the others I say: If you can't stand the heat get out of the fire.


Draiman
Let me see those devil horns in the sky

join:2012-06-01
Kill Devil Hills, NC
Reviews:
·Verizon FiOS
reply to Kilroy
said by Kilroy:

A good example right now would be the pets from Father Winter. The first few might sell well, but now the prices are in the tank. With all toons getting the pets when one gets a pet there is much less opportunity to sell them. For those of use who have been around a few years all of our toons already had them individually. Now we have another load of them. I don't see listing them for 100G or whatever the current price is when I can dump them for 25G and sell them to those who are willing to wait until someone will pay 100G for them again.

And we appreciate people like you. I have over 600,000g on hand because of people like YOU!
--
IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes!


Goldheart

join:2002-06-09
Las Cruces, NM
kudos:1
reply to Toastertech
There are no unwritten rules, though it can sort of develop between long term AH players in a way.

I tend to avoid such and always compete though I'm not really trying to make it into a pastime nor do I find it all that interesting. I'm more interested in making a long term profit.

Right now I'm really just a casual AH player but I tend to keep around 100K gold on hand. I mostly sell glyphs and gems. Rarely other items such as dark moon cards or finished goods though these only make up a teeny tiny percentage of my sales.

I always try to farm the mats I need to maximize profit but I am not above buying mats to force competitors to farm. I will buy out low priced mats and leave high priced mats.

Sometimes a new AH player will come around and try to undercut constantly. I'll just force the price down to the point where it is profitable to buy up and relist.


Snuffbox
nice irl
Premium
join:2011-04-15
Milwaukee, WI
kudos:4
reply to Kilroy
said by Kilroy:

The thing is, if I'm cleaning out bank space I really don't care about the market.

Or anyone else that may not be "cleaning out the bank"? Vendor it then, don't bring down the entire market, you're just lazy.

I do buy out and resell what's significantly underpriced out of ignorance and laziness (you), however not everyone has deep enough pockets to do that and are attempting to make legitimate gold the only way they can and you screw them over because you don't want to shift+click and find current market prices.


Draiman
Let me see those devil horns in the sky

join:2012-06-01
Kill Devil Hills, NC
Reviews:
·Verizon FiOS
said by Snuffbox:

...you screw them over because you don't want to shift+click and find current market prices.

Even easier is to install Auctioneer add-on. It will read the current stuff and list it like 10% lower by default. Don't get me wrong I've made well over 1,000,000 from people like Kilroy so I love them but they could increase their profits a lot with no extra time. If anything auctioneer would make listing auctions faster so they save time and increase their profit!
--
IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes!


Snuffbox
nice irl
Premium
join:2011-04-15
Milwaukee, WI
kudos:4
You have me beat. I sit at around 200k, but with how little I log on these days I consider that pretty reasonable.

Auctioneer is a great addon, everyone should be using it.


mettachain
Goblineer

join:2011-09-27
Azeroth
kudos:1
reply to Snuffbox
Like he stated, he doesn't really play the AH so his influx of inventory on the AH is sporatic and limited. His merch wouldn't really bring down the market permanently. There might be a week when prices would drop drastically but nothing that couldn't be recovered from the following week.

Casual AHers are lazy and don't research or monitor the market to maximize profits. In fact, I would argue that we need players like him to keep the market healthy and stronger to encourage competition and shake certain markets up occasionally. If worst comes to worse, we can always "glyph wall" obnoxious sellers out of our own niche markets which isn't that hard to do if you're a serious AHer.

While listing certain products at half the current buyout price is ridiculous, it opens new live scanners to opt-in to serious AHing. Having players like Kilroy drop valuable items on the AH for easy pick up gave me my first opportunity to "buy in" to the serious AH scheme and make that a hardpoint of my gametime. You have to have money to make money and starting out with little gold on hand and being able to buy up expensive items for cheap is a wet dream to some.
--
Reading your post made me want to punch a kitten in the jawbone.


mettachain
Goblineer

join:2011-09-27
Azeroth
kudos:1
reply to Snuffbox
There are several addons you can use to help maximize your AH related game play.

Personally I use the following:

- Auctioneer Suite with heavy use on the Resale and Snatch lists and LiveScanning
- Tradeskillmaster (addon and desktop App)
- TheUndermineJournal (GE and SE)
- MarketWatcher
- WoWuction
--
Reading your post made me want to punch a kitten in the jawbone.


Snuffbox
nice irl
Premium
join:2011-04-15
Milwaukee, WI
kudos:4
reply to mettachain
said by mettachain:

You have to have money to make money

This is my point, it appears you didn't read my post.

I have used all of those addons aside from TheUndermineJournal. Thanks for the gold guide though...


Carpie

join:2012-10-19
united state
kudos:5
reply to Draiman

Even easier is to install Auctioneer add-on. It will read the current stuff and list it like 10% lower by default.

This reminds me that even though this thread is focused on those who post too low, there are just as many out there that post off the charts (which screws you in the take 10% off theory and auctioneer analytics). Those are the people that deserve the loathing condemning attitude as they are just plain consciously griefing.

This other guy is just trying to make some quick extra gold without having to spend the time to research to "maximize his profits". What are you guys, CEOs and CFOs?


Draiman
Let me see those devil horns in the sky

join:2012-06-01
Kill Devil Hills, NC
Reviews:
·Verizon FiOS
said by Carpie:

Even easier is to install Auctioneer add-on. It will read the current stuff and list it like 10% lower by default.

This reminds me that even though this thread is focused on those who post too low, there are just as many out there that post off the charts (which screws you in the take 10% off theory and auctioneer analytics). Those are the people that deserve the loathing condemning attitude as they are just plain consciously griefing.

This other guy is just trying to make some quick extra gold without having to spend the time to research to "maximize his profits". What are you guys, CEOs and CFOs?

You only get out of something what you put into it. The vendor is his friend. Why bother listing stuff since that is the most time intensive part of the process if you won't get a return on that time? It makes no sense at all!
--
IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes!


Snuffbox
nice irl
Premium
join:2011-04-15
Milwaukee, WI
kudos:4
reply to Carpie
said by Carpie:

What are you guys, CEOs and CFOs?

Supply and demand is not exclusive to CEO's and CFO's...

This is part of making gold by having gold... Buy out an underinvested market category and post it much higher for as long as you can maintain it. This is actually healthy for the "WoW economy".


Draiman
Let me see those devil horns in the sky

join:2012-06-01
Kill Devil Hills, NC
Reviews:
·Verizon FiOS
reply to Toastertech
I use to only list a fraction of my supply to give the sense of a shortage as well. When I noticed someone buy up all of an item I had up I could contact them and offer a bulk price. Much easier then keeping a million items up on the AH all the time and generates more revenue. I tend to run into power levelers this way who spare no expense to level up a profession. Instead of selling 20-30 malachite now I'm selling them a bulk package that will get them from 1-300 in JC and clear a dozen or more inventory slots.
--
IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes!


Carpie

join:2012-10-19
united state
kudos:5
reply to Snuffbox
Yeah I get it. I work in Supply Chain Mgmt and the MBA took me through many-a Finance and Economics courses. I'm with ya, I am. And probably it's my own daily regimen of having to analyze,strategize, and negotiate throughout the day in RL that causes my empathy towards the guy, but I'm just saying hate on the griefers, not this poor guy. He's probably like me and plays WoW to be mind numb for part of the day rather than an in-game think tank.


Draiman
Let me see those devil horns in the sky

join:2012-06-01
Kill Devil Hills, NC
Reviews:
·Verizon FiOS
reply to Toastertech
He had to think enough to come up with a price then list the item. It's really no extra thought to pick a reasonable price since the process is the same. That's all people are saying.
--
IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes!


mettachain
Goblineer

join:2011-09-27
Azeroth
kudos:1
reply to Carpie
Not everyone plays to be "mind numb" and when a player infringes on a certain niche market within the AH, it is either viewed as some casual AHer with extra crap on hand and wants to get rid of it or an afront to carve out a piece of that markets particular pie. The latter is not something to be taken lightly by the veteran AHer of that certain market niche. However for a short period it does give the economy a healthy break from static pricing and offers the opportunity to purchase items that were out of reach for some players, albeit for a limited time.

Also, I'm happy to hear about your MBA in economics and Supply Chain Mgmt. I currently possess neither but like Snuffbox said, "supply and demand" is not limited to CEO/CFOs. It's basic economic survival that a child understands. Kudos to you on brokering relationships to sell items in bulk. If you look on the AH throughout your time being "mind numb" as well and notice certain sellers posting loads of items on the AH for pennies on the dollar or you suspect someone might be a Chinese gold farmer, it might benefit you a little bit to learn some Chinese gamers phrases that a simple google/bing search will cough up. Speaking to suspect Chinese farmers in their own language through short phrases will help develop a symbiotic relationship and will definitely be profitable for you in the long run. I have used this as well. the last few months of Cata helped net me quite goose-egg to sit on based upon relationships I cultivated with a couple of Chinese players.

So the TLDR portion: In WoW there are many facets to the game. PvE progression, PvP progression, material farming, tradeskill maximizing, and Auction House. The AH is not a small part of the game. It is in fact, a very large aspect of it.
--
Reading your post made me want to punch a kitten in the jawbone.


Draiman
Let me see those devil horns in the sky

join:2012-06-01
Kill Devil Hills, NC
Reviews:
·Verizon FiOS
reply to Toastertech
I never thought about this until now but selling tons of stuff aka 'cleaning out old stuff' at low prices could be seen as a hacked account by Blizzard. This is exactly what people do when they get your account info so it could trigger a temp ban. Just a thought.
--
IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes!


mettachain
Goblineer

join:2011-09-27
Azeroth
kudos:1
Put your tin foil hat away man. There are a lot more variables at play when an suspect account is being investigated.
--
Reading your post made me want to punch a kitten in the jawbone.