Originally Posted by
AngryNixon
@Eldaena:
Damnit it's still longer than I wanted it to be.. oh well, read on if you want.
In answer to your first question, yes. "fair price" isn't synonymous with what one might construe as the "morally correct price" whatever shape that concept might take. It is simply the price that, on average, people are willing to pay for an item. This is in contrast to the price at which, on average, people are willing to sell their item for. It is the price at which a sale is made (that is where the seller's price is acceptable to the buyer and a transaction is completed) that is the "fair price". You can and have full right to list your items for whatever you want, as do we all. If you never make a sale based on the price you've listed (even if as your second question asked, you are the only person selling), then you may as well never have listed the item in the first place. The price is as good as no price at all since it does not attract a single buyer.
the "fair price" has to be two sided. If the buyer says "I'll pay 1 gil for that" and no-one in their right mind would accept that price, then he/she is just throwing random meaningless numbers out. If the seller overestimates the worth of their item and says "I want a billion million gil for this or I won't sell it", than they'll get to keep their item until hell freezes over because they're also just throwing random meaningless numbers out. It only becomes a real and meaningful "fair price" when at least one full transaction is completed. That forms a very slim record of sales with only one price but that's a start. From that point on generally the "fair price" adjusts itself based on the volume of supply (ie. rarity) etc... But the prices along the way that form the relevant "fair price" of the day are only those values where transactions have been completed at the listed price, not those random deviations where people massively overestimate the worth of something (from the sellers perspective). The "take it or leave it" articulation of what construes a "fair price" is a touch too one sided. But as I said earlier, we're all free to list things for whatever random value we feel like listing them for. If nobody ever buys your item and you keep re-listing it, the only person's time wasted is your own, and that's just fine.