Feb 09, 2006, 03:49 PM // 15:49
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#1
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Krytan Explorer
Join Date: Nov 2005
Profession: W/N
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an observation about commodity trading
a while back when 1k was good money to me I figured I'd do a little trading to scrounge up some cash, so I bought up a bunch of tanned hide @ 10 ea, which seemed like a pretty good deal as the merchant sold them for 19 or 20.
figured I could turn theem around at 13 or 14 and make a little.
so, all these people I tried to sell to would tell me tanned hides "go for 10!!", which seemed kind of odd since the trader paid something like 9.
anyway, next I thought I'd buy myself some cheap wood to make parchment.
trader was selling for 11 or 12 ea, but when I asked around I was surprised that wood also "goes for 10!!".
??
wood is almost half the price of tanned hides at he trader but they both are the same price in chat?
so, I quickly find out that pretty much everything either goes for 10 or 100, regardless of the trader prices.
at first I just kind of figured that people rounded off their prices and gravitated toward a round number, but then the realization dawned on me.......
everything goes for 10 because a large portion of gw players are retarded and wouldn't be able to multiply it out otherwise.
not only that, but it is these retarded players who set the prices on the commodities markets.
these are the business people of tomorrow.
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Feb 09, 2006, 03:55 PM // 15:55
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#2
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Frost Gate Guardian
Join Date: Jan 2006
Location: yer right....
Guild: Suicide Bunnies
Profession: R/Me
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Quote:
Originally Posted by eom
a while back when 1k was good money to me I figured I'd do a little trading to scrounge up some cash, so I bought up a bunch of tanned hide @ 10 ea, which seemed like a pretty good deal as the merchant sold them for 19 or 20.
figured I could turn theem around at 13 or 14 and make a little.
so, all these people I tried to sell to would tell me tanned hides "go for 10!!", which seemed kind of odd since the trader paid something like 9.
anyway, next I thought I'd buy myself some cheap wood to make parchment.
trader was selling for 11 or 12 ea, but when I asked around I was surprised that wood also "goes for 10!!".
??
wood is almost half the price of tanned hides at he trader but they both are the same price in chat?
so, I quickly find out that pretty much everything either goes for 10 or 100, regardless of the trader prices.
at first I just kind of figured that people rounded off their prices and gravitated toward a round number, but then the realization dawned on me.......
everything goes for 10 because a large portion of gw players are retarded and wouldn't be able to multiply it out otherwise.
not only that, but it is these retarded players who set the prices on the commodities markets.
these are the business people of tomorrow.
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erm.........
the people that sell for they prices r either
1) trying to make a quick sale then move on in the game
2)a 10 year who his mum bought him the game caus he likes the shiny case
3)some people might not have the patience to run to a materialist to get the correct prices
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Feb 09, 2006, 04:37 PM // 16:37
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#3
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Pre-Searing Cadet
Join Date: Feb 2006
Location: Chicago
Guild: Sovereign Imperial Nights
Profession: W/Mo
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What I don't get is that the price of a material guy to craft steel from iron/charcoal is more costly ($200+ materials) than it is to just buy steel from a rare materials trader (~190). Wouldn't it make sense to have steel be a little cheaper to craft than to buy outright on the open market?
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Feb 09, 2006, 04:56 PM // 16:56
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#4
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Hell's Protector
Join Date: Jul 2005
Guild: The Eyes of Texas [BEVO]
Profession: D/A
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In the main market for materials (Droknar's), the base price for the most demanded basic materials is 10g, regardless of what the material trader is selling them for.
That is because the market is generally flooded with sellers, and buyers have an expectation of price (and may just be too lazy to look to see what the merchant is selling them at).
The only thing I find offensive is when a buyer hasn't checked the material trader and their asking price is below what the trader will BUY the materials at. That's just plain ignorant.
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Feb 09, 2006, 07:12 PM // 19:12
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#5
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Lion's Arch Merchant
Join Date: Jan 2006
Guild: Knights of King Thorn [Mad]
Profession: A/N
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Actually I think the price of wood depends more on the selling price of parchment than it does poor math skills or anything similar. If you are buying wood nowadays you want to buy at 8 gp ea (2k for 250 wood) instead of 10. The price of parchment has dropped so much that if you go above the 8 gp it's just really not worth it to craft the parchment any more.
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Feb 09, 2006, 07:30 PM // 19:30
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#6
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Forge Runner
Join Date: Jun 2005
Location: Seattle
Guild: SPQR
Profession: N/R
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5 wood and 20g to craft 1 parchment, even at 10g per wood that comes out at about 70g per parchment. I could be mistaken, but that still seems less expensive than buying parchment from traders... it's been a while since I took a gander at the material price list...
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Feb 09, 2006, 07:33 PM // 19:33
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#7
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Lion's Arch Merchant
Join Date: Jan 2006
Guild: Knights of King Thorn [Mad]
Profession: A/N
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Yeah, most people sell parchment at about 70-80g nowadays. The trader buys it for 60 most of the time now because people sell that parchment to the trader en masse.
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Feb 09, 2006, 08:10 PM // 20:10
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#8
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Frost Gate Guardian
Join Date: Oct 2005
Location: Huntington Station, NY
Guild: Une Annee Sans Lumiere [UASL]
Profession: E/Me
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Quote:
Originally Posted by Jetdoc
The only thing I find offensive is when a buyer hasn't checked the material trader and their asking price is below what the trader will BUY the materials at. That's just plain ignorant.
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Meh, happens to me all the time. In fact, I'm surprised nobody has commented on this before. I don't understand why people always sell iron ingots for 10g either when you buy them for 17, sell for 7. People should be selling them for 13-15g each...
But everyone is selling them, true, which does deflate the price quite a lot.
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Feb 09, 2006, 08:11 PM // 20:11
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#9
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Jungle Guide
Join Date: Sep 2005
Guild: Arcane Nexus [ANX]
Profession: N/Mo
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I can only speak for myself, but I NEVER sell wood/iron/clot/tanned hide for less than 10g/per. I find that many ppl try and head to ascalon to try and buy less than the market norm (which is droks, imo). I'm the one thats actually salvaging the materials from armors, weaps, etc, I should be able to get my 10g/per for those staple materials. Simple as that.
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Feb 09, 2006, 08:19 PM // 20:19
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#10
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Banned
Join Date: Aug 2005
Location: dayton ohio
Profession: N/Mo
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i bypass the hassle of dealing with greedy people and pay the full trader price, save myself an hour of my life for a few more plat in price, a fair deal
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Feb 09, 2006, 09:30 PM // 21:30
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#11
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Krytan Explorer
Join Date: Nov 2005
Profession: W/N
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Quote:
Originally Posted by Ure Maker
erm.........
the people that sell for they prices r either
1) trying to make a quick sale then move on in the game
2)a 10 year who his mum bought him the game caus he likes the shiny case
3)some people might not have the patience to run to a materialist to get the correct prices
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ermmm...
they're trying to make a quick sale and move on --- but they're willing to hang around chat all day to sell tanned hides for that extra couple gp instead of just going to the trader.
they don't have the patience to run to a trader but they have the patience to spam chat for hours.
dude, you might not have noticed, but trying to sell wood at 10 is not somebody unloading stuff cheap --- 10 is really higher than it should be.
all materials are 10 ---- you think this is just coincidence?
if you want to defend your brethren, you'll have to come up w/something more than nonsensical excuses.
you might have nailed it on #2, though, but I'm pretty sure I learned my multiplication tables before I was 10, and they are sitting at a computer, after all.
I think that's the greatest irony.
Last edited by eom; Feb 09, 2006 at 10:59 PM // 22:59..
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Feb 09, 2006, 09:56 PM // 21:56
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#12
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Wilds Pathfinder
Join Date: Aug 2005
Location: Upstate
Profession: Me/
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Quote:
Originally Posted by Jetdoc
The only thing I find offensive is when a buyer hasn't checked the material trader and their asking price is below what the trader will BUY the materials at. That's just plain ignorant.
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It's disturbing how often people try to pull that. The inverse is frequent as well. More than one person kept trying me a 40k Superior Vigor while they cost 26k at the merchant. They would get angry when I suggested they not attempt to rip me off.
When ectos had been a stable 9k for a month or so, when thier price went up, people kept insiting on ignoring the trader and trying to buy them for less than the npc would.
Last edited by Katari; Feb 09, 2006 at 10:36 PM // 22:36..
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Feb 09, 2006, 11:00 PM // 23:00
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#13
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Krytan Explorer
Join Date: Nov 2005
Profession: W/N
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there's this one guy who just keeps spamming ascalon WTB'ing tanned hides at a couple below trader --- probably parasiting off the noobs.
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Feb 09, 2006, 11:12 PM // 23:12
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#14
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Academy Page
Join Date: Nov 2005
Location: UK
Guild: Dracos Paladin
Profession: Mo/
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There is another reason why people buy tanned hides, dust and iron at 10g each
just as wood can be crafted into parchment at a potential profit - so too can those items
hence the fixed price.
having said that - crafting leather didnt work out that profitable for me - costs more to make than parchment and there are a lot less buyers,
I forget what dust was for but same deal .... not that profitable for the time involved (the crafter is harder to get to than the parchment crafter)
Sadly - bones dont seem to have such a use
Sister Spice
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Feb 09, 2006, 11:53 PM // 23:53
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#15
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Hell's Protector
Join Date: Jul 2005
Guild: The Eyes of Texas [BEVO]
Profession: D/A
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Quote:
Originally Posted by Sister Spice
Sadly - bones dont seem to have such a use
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Bonelace armor FTW!!!$!@!
I'm glad I have my own little stock from the Kryta missions.
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Feb 10, 2006, 12:02 AM // 00:02
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#16
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hamonite anur ruk
Join Date: Jan 2006
Location: Echovald Forest
Guild: [PhD] Teh Academy
Profession: Me/A
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staples like wood and iron, 10g each, things like bones, feathers, dust, 5g each.. just seems fair to everyone that way.
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Feb 10, 2006, 12:12 AM // 00:12
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#17
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Forge Runner
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i have 1000 bolth cloth to sell , i cant ...
even 6 each ...
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Feb 10, 2006, 12:46 AM // 00:46
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#18
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Krytan Explorer
Join Date: Nov 2005
Profession: W/N
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Quote:
Originally Posted by Sister Spice
There is another reason why people buy tanned hides, dust and iron at 10g each
just as wood can be crafted into parchment at a potential profit - so too can those items
hence the fixed price.
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hehehehe...yeah, and it just happens to be 10.
look, chicky, if you want to make parchment to sell you shouldn't be paying more than 8 ea on wood.
and you already took care of the rest.
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Feb 10, 2006, 12:47 AM // 00:47
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#19
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Krytan Explorer
Join Date: Nov 2005
Profession: W/N
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Quote:
Originally Posted by shadowfell
staples like wood and iron, 10g each, things like bones, feathers, dust, 5g each.. just seems fair to everyone that way.
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ahahahahahahahahahahahahaha....!!!!!!!!
can you explain that?
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Feb 10, 2006, 01:18 AM // 01:18
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#20
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Grotto Attendant
Join Date: Mar 2005
Location: A little chalet outside Drok's
Guild: Natural Born Killaz
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How hard is it to do simple math? Very hard for some people. There have been countless times when I'd be selling items for 10 or 100, and when I put X amount in the window, I'd get "How much is it total?" !!!
Personally, I'd like to see EVERYONE check the material traders' buy/sell prices before buying or selling materials and adjust thier prices accordingly. Again, I've seen countless times where someone would be advertising a price for something (buy or sell) that was just out of whack - I direct them to the traders. Most times when a seller is selling too high, they'll thank me, because sitting aroud selling stuff can get boring. But God forbid you suggest that a buyer might be looking for too good of a deal!
As for that "xxx sells for Xg ea" thing, I don't care for it. Setting prices should be based on current trader's prices, supply, and demand (With rare materials, you have to figure in the cost of crafting it, as well) for that material. Example - setting the price of tanned hides for half price is just a bit too low, but selling bones or shells for 1/2 price is more reasonable, since there's no big demand for them.
Two things I don't understand about the Rare Materials prices - Why is the buy/sell price at the RMT for Fur Squares set up so much differently than most of the other items? And why does it cost so much more to craft Linen than it does to buy it, which is out of line with all the other crafted materials?
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