Curse

nuclear_herring · Mar 17, 2009, 02:05 AM // 02:05

Ok, first of all if this thread should be somewhere else, can a Mod please move it for me? I wasn't sure exctly where to put it an price check seemed to be a good idea.

I started this little bit of research last week after I noticed that prices of undedicated kuunavang Minipets had started going through the roof since I last looked. There seem to be plenty of people selling them, but prices are going up and up with gathering speed.

As a result I looked through the minipet pricing guide and wrote down all the prices for which mini kuunas had been sold since October 2006. I then averaged out the monthly cost and charted them using excel. I was hoping to get an idea of where prices are going, but the curve is changing so rapidly its difficult to tell.

All the prices I've quoted are cash totals rather than 100+e to try and accomodate the fluctuating ecto price over the last 2 1/2 years so if I've got the totals slightly wrong, my apologies.

I've highlighted the two dates that have affected minipet prices in general. First, the patch that allowed you to display your prized mnipets in outposts rather than just out in the wilds and second, the ability to dedicate minipets at the hall of Monuments. Without these two events, I think minipet prices would have stagnated long ago, though the common pets have reached saturation now.

I hope people find this data useful (or interesting) and please comment on it either positively or negatively.

Cheers,

Nuclear_herring

I Jonas I · Mar 17, 2009, 02:13 AM // 02:13

Interesting research data. Looks like simple exponential growth, to me. Just hold on to them if you have them, the price can only keep going up ^^

Pleikki · Mar 17, 2009, 05:36 AM // 05:36

Yeh so it misses one key part, date when factions CE were removed from stores, then it did skyrocket

MercenaryKnight · Mar 17, 2009, 05:45 AM // 05:45

I used to powertrade it and can pretty much verify prices. Whenever people sell they just have to use 1 simple line. People are dedicating them and the more that do, the less undedicated in existence. More and more people are gonna pay higher prices for them as more time goes by.

Luminarus · Mar 17, 2009, 05:50 AM // 05:50

In other words if u want one, get it now.

stogez · Mar 17, 2009, 06:38 AM // 06:38

Actually prices are going up because people are hoarding them, not because more are being decicated. It has gone from about 55-60e to 100e in one month. It is the same with all other rare pets. Prices have doubled/tripled or more in past couple months.

Fallen SeraphiM · Mar 17, 2009, 07:04 AM // 07:04

ye.....lets not forget lame prices on oni,naga,yeti(in last 2 months price is 8x,8x,8x than its used to be),and ig(few months ago u could get unded for 4,5k ectos,now ppl are buying ded at that price) so somehow,i can understand why is price on undeds going high,but giving 3k ectos on ded vizu or something like that is just pointless

stogez · Mar 17, 2009, 05:08 PM // 17:08

Reason is that people just need a money sink. There are too many ecto and ABs flowing into the game. As more and more people can afford to pay the ridiculous prices, the prices keep going up.

nuclear_herring · Mar 18, 2009, 05:13 AM // 05:13

Thx for the feedback.

I think that more and more people are finding ways to farm ectos/zkeys/v spears etc etc so wealth is circulating at a greater rate. With the monthly xunlai tournament cash is injected into the economy - fuelling inflation even further.

Having said that, factions CE is still available online in the UK, though I'm not prepared to spend 18 quid just to get a minipet - that strikes me just as gold purchasing by another name.

I will update the chart on a semi-regular basis if people are interested. Plz let me know.

PS I'm only really interested in Kunnavang prices cos I happen to have one tucked away in storage

and I wonder if there is any theoretical ceiling or whether prices will increase until they disappear from view completely.

Yawgmoth · Mar 18, 2009, 06:54 AM // 06:54

What's a better investment than items which can only go up in price? Kuunas certainly won't get released again no matter what.

But wait, it may be a trap

When everyone will think the price may only go up, it may go up too far. The price may get artifically overinflated at some point and hoarders with multiples of them may realise they won't be able to sell them for as much as they want. And the bubble bursts.

Lourens · Mar 18, 2009, 09:54 AM // 09:54

Quote:

Originally Posted by Yawgmoth

What's a better investment than items which can only go up in price? Kuunas certainly won't get released again no matter what.

But wait, it may be a trap

When everyone will think the price may only go up, it may go up too far. The price may get artifically overinflated at some point and hoarders with multiples of them may realise they won't be able to sell them for as much as they want. And the bubble bursts.

Im certain some stores will still have the collectors edition

Fallen SeraphiM · Mar 18, 2009, 10:25 AM // 10:25

Anyway,the point- if u rly want some pet u would get it long time ago,now exept for reselling i highly doubt that most of the buyers rly want to keep them

Horace Slughorn · Mar 18, 2009, 10:34 AM // 10:34

As early as a month ago kuuna's were common as dirt and the price reflected that. Not sure why they have all of the sudden increased so drastically. I thought I would have plenty of time to get one for my Hall, but I'm thinking I should buy asap if I'm going to as I doubt the price will fall.

I notice grawl prices have also increased, so look out for those as well :P

Yawgmoth · Mar 18, 2009, 11:53 AM // 11:53

Prices of almost all 'limited' minis skyrocketted in last 2 months. It may be connected to the XTH making many people suddenly rich, those who would normally never buy a 100k+ mini became interested in getting some. I've sold a couple 'limited' minis last week for stupid amounts of zkeys (like 3x their worth) and buyers only wanted to pay in Zkeys.

Mordiego · Mar 18, 2009, 12:17 PM // 12:17

Quote:

Originally Posted by stogez

Reason is that people just need a money sink. There are too many ecto and ABs flowing into the game. As more and more people can afford to pay the ridiculous prices, the prices keep going up.

That's pretty much the explanation. Due to recent growth in UWSC popularity and lack of new game content + XTH constant money flow the economy is at worse since Guild Wars was first introduced. Sadly if aNet won't give us another Chaos Gloves like money sink- it's going to be even worse IMHO.

Lourens · Mar 18, 2009, 04:01 PM // 16:01

Quote:

Originally Posted by Mordiego

That's pretty much the explanation. Due to recent growth in UWSC popularity and lack of new game content + XTH constant money flow the economy is at worse since Guild Wars was first introduced. Sadly if aNet won't give us another Chaos Gloves like money sink- it's going to be even worse IMHO.

Economy of GW is like the opposite of whats happining with the real economy its just because its so easy to get money platina will loose its value ..

Will Holden · Mar 18, 2009, 07:33 PM // 19:33

Another point that could be took into consideration.

Asura, Destroyer, Ceratadon and Grey Giant all seem to be increasing in price steadiliy aswell

isildorbiafra · Mar 18, 2009, 08:33 PM // 20:33

Quote:

Originally Posted by MercenaryKnight

I used to powertrade it and can pretty much verify prices. Whenever people sell they just have to use 1 simple line. People are dedicating them and the more that do, the less undedicated in existence. More and more people are gonna pay higher prices for them as more time goes by.

The common demand and suply thing. Besides this, rare things to spend money on are running thin; there still is a mega amount of liquid gold; ecto and zkeys on the market. As gw comes closer to conclusion all rare item prices will go up; cause gold; ecto and zkeys will be worthless at the end of the run.

Makes me laugh. Powertraders spend years acumulating wealth; only to endup paying outragious prices now for items they once sold cheep. (back then at a profit.) Net gain=0,0%. Hell most might even endup loosing in the long run.

My advice to the hardcore traders is this:
full HoM and GWAMM title will be rewarded in gw2 (if we can take anet on its word)
Stockpile on moneysink title items like sweets; alcohol and party items.
Once gw2 comes out (depending on how good the rewards are) these items will be worth their weight in gold cause many will still want to max these titles in gw1 so they can reap the rewards in gw2. When the time is right sell those items for gw2 gold. This should provide a solid capital base to powertrade and keep on gaining wealth in gw2.

nuclear_herring · Mar 19, 2009, 05:47 PM // 17:47

I think its interesting that dedicated kuunas haven't altered in price much. I always thought that dedicated pets went for about 40-50% of undedicated price.
Obviously that old idea isn't true with the rarer pets with dedicated kuunavangs selling for 100k or less still.

Still interested in comments people have to make on this subject. Thx.

coil · Mar 19, 2009, 06:43 PM // 18:43

will something like this happen to varesh eventually?