Curse

Iuris · Nov 08, 2010, 09:32 AM // 09:32

How about we try a new topic for a change: economy. I think things have changed a bit ever since HoM has been clarified for us.

My personal observations:

-crafting material prices have gone up: I sold a lot of those to buy Zkeys, and was quite happy to note that prices were quite high. Especially granite, onyx, diamonds, ectoplasm, obsidian, rubies, sapphires.

-miniature pet prices: skyrocketing. You get one pet per year per character, and 50 are needed to max out the HoM. Pets that used to be given away are now 5k. Auction prices are rising.

-general inflation: well, even the above should suffice. But generally prices seem to be rising.

Any additional observations? Predictions for the future?

Keyez · Nov 08, 2010, 09:48 AM // 09:48

Zkeys sell quickly for 5k now, if not more.

Strangely, ectos has not been affected (even with obsidian armor for HoM). It's probably just too expensive for the average player.

Devil Luca · Nov 08, 2010, 10:30 AM // 10:30

The ruby and sapphyres comes from 5 to 13k !!!

C R A Y O L A · Nov 08, 2010, 10:40 AM // 10:40

I also noticed that the prices for Diessa Chalices and Golden Rin Relics went up as well. There doesn't seem to be much of them in supply so I'm guessing that's the reason why it is high right now despite it not being related to HoM.
Chalices used to be around 2k or something and relics at 3k.
Sold some chalices and relics for 5k ea.
Like OP said though, it might just be general inflation though cause I have no idea how the HoM update would raise the prices for these items. If anything, they should've gone down...

MariskaAmy · Nov 08, 2010, 10:46 AM // 10:46

Hmm it could also be that relics and chalices are getting more rare, because of the main player base focussing on the HoM and not doing dungeons like many of them used to.. Just my guess =]

DetreS · Nov 08, 2010, 10:53 AM // 10:53

Rare and asian pets goes down soooo fast!

Meridon · Nov 08, 2010, 11:02 AM // 11:02

Working with Fisher's Equation of exchange, it's reasonable to assume that the general price influx was caused by people taking their saved capital (ecto, zkeys, and just pure cash) out of storage and bringing them to the market. I'd say there's definitely no scarcity as of now in terms of minipets, so after the initial surge, as long as people are steadily filling their HoM with items by spending their cash reserves, prices will climb steadily. I don't see minipet supplies drying up too soon, so in my opinion there's little chance of them actually skyrocketing again after the boom is over.

With more people bringing their ecto and zkeys to the market, you'd say that prices of those items would drop. The opposite is happening, because of the need of these goods in various HoM statues (Mostly Zaishen Title, but also Obsidian Armor). This results in a rather stable price for both ecto and zkeys, with ecto even climbing a little bit by my observations, unlike ordinary gold, which is dropping.

My prediction is that prices for HoM-goods will continue to climb steadily of the next period (let's say, 1-3 months). After that, the market will probably settle again. Ecto will probably continue to rise for a bit, after which it will stabilize or even drop a bit, to it's former value. If you're planning on spending in order to fill your HoM soon, I'd recommend converting your cash into ecto now. If you want a more stable good to convert your gold into, go for Zkeys.

Other than that, if you're not in a rush and just looking to fill your HoM in the cheapest way possible, just wait it out and do it when prices have calmed down again.

EPO Bot · Nov 08, 2010, 11:04 AM // 11:04

Vabbian is no longer affordable.

AlexanderMorpheus · Nov 08, 2010, 11:17 AM // 11:17

Quote:

Originally Posted by C R A Y O L A

I also noticed that the prices for Diessa Chalices and Golden Rin Relics went up as well. There doesn't seem to be much of them in supply so I'm guessing that's the reason why it is high right now despite it not being related to HoM.
Chalices used to be around 2k or something and relics at 3k.
Sold some chalices and relics for 5k ea.
Like OP said though, it might just be general inflation though cause I have no idea how the HoM update would raise the prices for these items. If anything, they should've gone down...

These have become more expensive since the 600 smite nerf , CoF was the cheapest & easiest dungeon run . Because its not run anymore (at least nowhere near as much as it used to be ) less people are selling chalices , nothing to do with hom imo .

@ Op Oppressors weapons have doubled / tripled in price , same with destroyer (due to mats) but armbraces are more or less the same price as they have been for last few months (prolly a result of dwg / frostway)

Devil Luca · Nov 08, 2010, 11:31 AM // 11:31

Quote:

Originally Posted by AlexanderMorpheus

These have become more expensive
@ Op Oppressors weapons have doubled / tripled in price , same with destroyer (due to mats) but armbraces are more or less the same price as they have been for last few months (prolly a result of dwg / frostway)

Yes, why people has to spend for the arms when they can full their hom with opressors? I have 3 opressors on gallery cause i dont want spend on arms

Shayne Hawke · Nov 08, 2010, 11:46 AM // 11:46

Quote:

Originally Posted by Iuris

Pets that used to be given away

My whites are still chump change to me, so I still give them away.

'm of the belief that a lot of people have been sitting on large lumps of cash in anticipation of the HoM details. Now that it is known what gives benefits and how much those benefits go for, those people who had been hoarding cash dumped it all on the market at once to get everything they wanted for their HoM. Because so much money is moving around and people have so much of it to move, prices have risen significantly.

I'm not seeing those prices going back to pre-HoM-Calculator any time soon. Hell, any info that ANet puts out about GW2 is going to potentially reel in more people to GW2, creating a higher demand for HoM items, keeping the prices sitting high.

Meridon · Nov 08, 2010, 11:56 AM // 11:56

Quote:

Originally Posted by Shayne Hawke

I'm not seeing those prices going back to pre-HoM-Calculator any time soon. Hell, any info that ANet puts out about GW2 is going to potentially reel in more people to GW2, creating a higher demand for HoM items, keeping the prices sitting high.

I'm not an expert on GW2 info, but I remember hearing on the Guru Mumble the other day that Anet pushed out most of their upcoming GW2 information before their latest games convention or whatever, so I wouldn't count on substantial info being released in the near future (in the next 1-2 months).

Verene · Nov 08, 2010, 01:33 PM // 13:33

They've been going every six weeks about with large announcements; the HoM calculator game right at when another profession should have been released, judging by previous profession announcements.

So if they stick to that pattern, we should have something new in the next few weeks, since it's been a month since the HoM calculator was released.

Quote:

Originally Posted by EPO Bot

Vabbian is no longer affordable.

Yes, I'm definitely glad that I got that last year. My guild leader bought his Vabbian literally a week or two before the HoM calculator came out, just barely missing the skyrocketing prices. Anyone who wants it now is going to spend over 400k for the rubies and sapphires alone (they were 13k each the other day at the trader).

los!!! · Nov 08, 2010, 01:44 PM // 13:44

I have noticed a big price drop in Voltaic Spears. Don't know why...:P

Arutima · Nov 08, 2010, 01:44 PM // 13:44

and due to cons and destroyer weapons, granite slabs are selling for 400g for 10 at the material trader. time to go farm hulking stone elemental / stone kirins

FengShuiDove · Nov 08, 2010, 01:45 PM // 13:45

How 'bout them hero armor pieces? I bought 8-10 Cloths of the Brotherhood a while back for 1k per and forgot about 'em on a mule until the update. Sure am glad I kept 'em, or else I would have been out 40-80k.

For the first time ever, I'm reconsidering farming Remains of Sahlasdfja;lsdf!adas, since I found an efficient way to do it back when I was cartographing, and now those remnants are worth an easy 8k per.

How much are the limited edition rare/Asian minis now? I'm curious to see a price comparison before and after the announcement.

drkn · Nov 08, 2010, 01:48 PM // 13:48

AFAIK the price of ZKeys at ~5k is quite stable for the past few months and, oddly enough, wasn't really affected by the HoM update.
Same goes for ectos - their value increased with the nerfs of 600/smite and SF, but not because of HoM. Guess not enough people decided to get 105e for obby out of a sudden to influent the stability of price.
As ectos aren't affected, armbraces are still steady at ~20e, although it was much easier to get one for 18e before the update and arms are now more often sold for ~22e. Still, it's not THAT big change.

Unded Raptor: 5k -> 30~35k
Destro weaps: 20~25k -> 70~90k - that's the biggest change apart of white minis, i think.

Generally, agreed with Meridon's predictions on the market, but not ectos - their value in gold balances on quite a steady level, with low amplitudes, as ecto - and armbraces - are commonly used currency, not to mention they're still farmed and supplied quite steadily.
I'd expect the minipets to rise in price up till Wintersday's finale, then slowly start to drop.

Quote:

For the first time ever, I'm reconsidering farming Remains of Sahlasdfja;lsdf!adas, since I found an efficient way to do it back when I was cartographing, and now those remnants are worth an easy 8k per.

If you have a second account, it's faster and easier to farm Glint's for gold.

DeanBB · Nov 08, 2010, 01:52 PM // 13:52

No mention of sweets / party / alcohol?

They are certainly in demand, but the glut from Halloween has lowered prices. I don't think they'll go back up until after the holidays. Thanksgiving and Wintersday drops/rewards will replenish supplies, then the market will creep back up until the next holiday.

Iuris · Nov 08, 2010, 01:56 PM // 13:56

You got offers of Zkeys for 5k? When I was buying them, there was no way I'd get them at that (low) price...

BrettM · Nov 08, 2010, 03:09 PM // 15:09

Agreed. It's very hard to find z-keys at 5k now. Those selling larger quantities want 6k, up from 5.5k not long ago. The trade window in GToB is full of WTB at 5k and WTS at 6k. (Plus a few still trying to buy at 4.8k. Don't they look at the trade window? Who do they expect to sell to them when there are 50 buyers indicating that they will pay more?) If you want them at 5k, you'll be buying them one or two at a time and standing there for hours to accumulate 20 of them.