Curse

bilateralrope · Nov 15, 2007, 12:26 AM // 00:26

Quote:

Originally Posted by holababe

No, the gold limit is there because there is no item in the game (my opinion and the developers) that is worth more than 100k.

The 1500e + armbraces bids are due to perceived value.

If the 1500e + armbraces is what the item is selling for, then that is its value. Even if you think it should be worth a different value. If ANET wanted to do something about that, they can simply alter the drop rates to bring its price down. But since ANET hasn't altered the drop rate, then I can't see how anyone can justify saying that ANET feels the price needs to come down.

As for the gold limit keeping the prices down, we have had it here for over two years. Since there are items valued at way over 100k, its clear that the gold limit isn't working at keeping prices down.

Gossamerdt · Nov 23, 2007, 03:31 AM // 03:31

Quote:

Originally Posted by natural sugar

The lockpicks from merchants/discount merchants are identical. You might THINK that they break more often, but the chances of retaining are the same.

Well you may be right there, but I would like to refocus on the topic of the thread. Lock Pick does not have a set price, wheather you buy it at 1500g or 1200g you still sell them for only 750g at the merchants, so to use them as a trade item you would lose (750/450) gold for each one bought then traded.

A Money Clip should have the same set price reguardless of buying or selling at the merchants.

Kanyatta · Nov 23, 2007, 09:55 PM // 21:55

IMO, nothing is worth more than 100k, except maybe the uber-rarest crystalline in the game... nah, still only 100k max

rare item prices have really taken a huge hit since you can buy inscriptions and stuff, and since farming has become incredibly mainstream, hardly anything is worth anything.

the only thing worth over 100k is over 100k

bilateralrope · Nov 24, 2007, 12:31 AM // 00:31

Quote:

Originally Posted by Kanyatta

IMO, nothing is worth more than 100k, except maybe the uber-rarest crystalline in the game... nah, still only 100k max

Why is your opinion here worth anything ?

Lets assume that ANET somehow manages to prevent any item selling for over 100k without touching the supply or demand of the effected items. What would happen to items that currently trade for over 100k ?

Since the items are rare enough as is, I doubt the quantity supplied would change much. Maybe a slight decrease. Lets assume no change.

Quantity demanded would go up because we have more people who are able to afford the item.

So we have more people who are willing and able to pay for the item, but the amount up for sale hasn't changed. Meaning that there are more buyers than there are sellers, meaning a shortage in supply. So what happens then ?

1 - Price goes up till quantity demanded is reduced to match quantity supplied. This can't happen as the price is capped at 100k.
2 - People bypass the cap then proceed with option 1. Prevented by the initial assumption but this is what happens in game.
3 - Supply increases to bring quantity supplied up to quantity demanded. If this was a possibility, it would of happened without the price cap as people try to farm the more expensive skins. So I'm ruling this out.
4 - We have a shortage which means that even though several people will have the gold to pay for the item, only the lucky few get it while the rest miss out.

I don't see how number 4 is a desirable situation. But that is the only situation I can see happening if you manage to impose your opinion about what an item is worth without actually changing the market value.

If you played with an items supply or demand then you actually would be changing the market value so this doesn't apply. But given that ANET has kept those items selling for over 100k it is clear that ANET disagrees with your opinion about what they should sell for. So again your opinion is irrelevant.