FIX the AUCTION HOUSE!!!!

Awe stop. LMAO.

*Miko San waves Hello to the other trolls*

:D

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Originally Posted by Felixforever

when did they add a auction house to the game?

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Back in 1.0. It used to be just south of the Limsan docks, opposite of where the ACN guild is, but it couldn't be entered or interacted with and was only recognisable by its hanging sign of a gavel (and I think it was on the map too but don't remember). When Bahamut attacked, that auction house was presumably blown into the ocean because it ceased to exist. I like to think that when we unlock sea travel (expected after air travel as Yoshi stated he wished to do both, so probably 4.0), we'll be able to dive into the bay in Limsa and uncover lost unsold treasures from the auction house, amongst other things (Limsa was built from a ship wreck after all).

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Originally Posted by NyarukoW

If things are selling at a steady pace at 40K, I'd gladly flip yours for 10x34K gain. That would be a great day for flipping. Go ahead undercut by an order of magnitude, I only need to sell one item to be back at break even and the next 9 is all profit. I'd take that gamble any day of the week.

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This is THE attitude that OP and many others who complained about market board should have.

Sure, other people may sold their items first for lesser profit, but so what? You still make more in the long run.

Personally, I am often guilty of undercutting by a lot more than 1 gil. usually I will round down to the nearest thousand, and sell at that. Non even numbers annoy me, so I shun them.

Often im not selling it on margin, im selling things that I don't want, in hopes that whoever is controlling that particular market will buy it up quickly and give me back my retainer slot.

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Originally Posted by Bluevann

Not like this thread's topic is "expired". The market board is still the same.

At least the guy (girl?) did some thread searching instead of making a thread clone. Kudos for that.

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Actually, the person who necro'd the thread is the OP. They probably remembered their post and decided to readdress it is all.

To kick a allready beaten horse I'll restate my opinion.

No matter what you do the game is never going to have a stable market due to the massive supply issues we have. Part in parcel due to the ease of attaining materials themselves, the entire crafting/gathering system bring far too much supply for there to be anything less than massive undercuts happening quickly. All you would get from something like a listing fee is people tanking the few stable markets even faster than when they undercut by a few bucks.

people would do much like what happened with high demand/high supply items on the XI market.

X players supply a market of a simple item, the best example for XI vets would be Meat Mithkabobs. A staple and easy to make food item (While crafting was a much more labor intensive investment the low requirements for this recipe echo what it's like for any crafting class in XIV as in pretty much anyone who wants to can make it themselves with little effort)

Y Players see the steady income stream and decide to hop on the gravy train flooding the market with this item, when their product does not move at the listed prices they will take it down and relist it at a drastically lowered price to make their profits and jump ship, the undercutters will soon leave as eventually due to farming limitations and high food consumption server wide there would be a shortage of materials.

XIV doesn't have this problem, and will constantly supply demand until the price bottoms out.

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Originally Posted by tocsin

Personally, I am often guilty of... round[ing] down to the nearest thousand, and sell at that. Non even numbers annoy me, so I shun them.

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'Guilty' is one way to put it. NOT going to sell any quicker by going down a thousand for a >10K item. Next buyer comes along & buys the cheapest one, period, whether that is 1 or 999 gil less. All you did was lose up to 999g. There is no logic to that, though it's common.

Rounding down a thou doesn't mean the 'controller' of the market, can resell at a profit, since you have at least a 5% selling tax, possibly a tax when they bought as well. The flipper has the same slot problem and will not snap up your item to try to flip it for a measly 100g. If many sellers keep rounding down to even thousands, then it can make sense to buy up the low end of the market and flip it. So the only way to sell it really quickly is to undercut by ~20% at the minimum.

There's undercutting like this in every MMORPG that I have ever played. There's no way to simply get rid of it.

One tweak: I think there should be a min sell-tax. Why? Sellers of single sub 10-20g items don't pay any taxes due to rounding. (I presume you essentially sell for free at up to 10 or 20g?) I just don't 'get' the people who waste time and retainer slots on selling 1g items for 1g on retainer, when you can get 1g for each item immediately at any vendor. But then I see stacks of 2-7g items for 1g, so, paying a tax on top of charging only 1g (price of stack will be more than 10 or 20g). They are getting <1g/item! And they could have gotten 2 or more gil at any vendor.

Anyway, the MB is fine. Prices since patch have plummeted because of rogues & ninja's doing LOTS of dungeons & quests. Thus huge supply, & sellers who round down a thousand = dropping prices. This is a buying opportunity. Go buy cheap & wait a bit, & when prices rise again, start selling these items back.

I really like Runescape's system where you put up xx amount of items, and when people buy, they can select a quantity and it'll pull from all of the listed items, not just one person. This way you don't have to decide whether you want to sell one or a stack and people aren't forced to buy 99 of something.

Nothing wrong with the AH besides the prices for stuff, thank the gil buyers.

good luck on this ever stopping, as long as we can see what items are being sold at someone will always undercut someone else

Gil-selling isn't linked to underselling. RMT doesn't add gil to FF, and adding gil would tend to have a price-raising effect anyway. It's gil-sources that create gil into the game. Item drops don't do it at all until the item is sold to a vendor. Even crafting and selling doesn't create gil into the game. Only selling it to a vendor does.

It is probably all the quest, dungeon, and fate gil-rewards that are the biggest sources of new gil. Selling a new item to another player creates no new gil. Each market transaction is actually a gil-destroyer. And crafters are just gil-accumulators. Forget the real money in RMT. All that happens on the server is that a crafter's gil is transferred a couple of times to end up in another account.

Prices are going down because free-drops have outstripped current demand. And the price of a free-drop that exists in massive quantities should be near zero anyway. Eventually, it will level out again near some equilibrium, until a new big patch.

It's Not broken, And doesn't need to be fixed.

It's working as intended.
If people are undercutting your price, it means you are to greedy and market is correcting itself.

3,000 g -- imanidiot <--- This one is yours.
4,999 g -- iunderstandbasicmath
5,000 g -- idontundercutbythousands
5,001 g -- ilikemakingmoney
5,100 g -- ironicretainername#5

In this case.. undercutting buy 1 is pointless.

You need to undercut by the tax so your item is cheapest regradless of tax. So it selll 1st. ya that may not be 2k but still 4700 wouldn't be a bad undercut.

If I'm undercutting you, you're probably listing your items for too much. I consider how much it cast me to make, and then I look at how much it's been selling for. If you're trying to sell for 50k, but none have sold for more than 40k, I'm not going to take a chance on inflating the price; inventory space is precious when you enjoy both crafting and glamours. If its been undercut to a point where I'm losing gil, I'll pull my items and try again later... the market usually stabilizes itself.

this is a market board, it is similar to going to a market place like Amazon.com. though it is a bit different in that everyone has the same items to sell.

I still prefer the AH of FFXI where you have to bid, why is this you ask. well it is simple when the market has a lot of items up you only see the last 10 or so items that sold so you have a rough estimate of how much to bid. this is good because people have a much harder time undercutting others as most will bid very close to the last 10 that were put up.

the way the AH worked was simple
1 person puts their item up for 1k
1 person puts theirs up for 999 gil
someone bids 1k
the item for 999 gil is sold first for 1k<--yeah doesnt seem fair does it? but think about this the 1k item will still sell for 1k and not have a butload of items undercutting
taxes if any were all on the seller not the buyer.

as for the higher priced items that were up for way more then their worth. those people usually didn't/don't want to sell their items. they just want/ed inventory space but put it up for a price they were willing to part with it for. afterall if some nut was willing to pay several miliion for something only worth a few hundred thousand why not let em have it.

yes the AH system is a guessing game. but it is that way with any online AH(actual auctions not these fake buy it now things). and with the AH you had to have patience to sell some items as well which many people just don't seem to have.

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Originally Posted by Kewitt

You need to undercut by the tax so your item is cheapest regradless of tax. So it selll 1st. ya that may not be 2k but still 4700 wouldn't be a bad undercut.

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No, you're missing the point.

When you list your price for 1G or less, it becomes the top listing.
People will look at a list such as this, and go "I want X Quantity of these", therefore will always purchase the cheapest one closest to that quantity;

The retainer with the lowest price, will always appear first, even if that's by 1G.

THAT'S the reason undercutting exists, taxes play no part in it.

http://puu.sh/cJrvU/061c63203c.jpg

Messing with undercutters are exhausting but can be fun to mess with them. If I got someone who keeps undercutting me, ill play his game, i will keep lowering mine and when he goes low, buy his crap and raise my price back up. Win for me :)

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Originally Posted by NyarukoW

I'd take that gamble any day of the week.

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Its not that easy. For one, good luck selling 10 of any item at a price point where demand isnt red hot. Secondly, massive undercutters tend to sell by volume. Unless you plan on getting stuck with his inventory, its best to wait out his supply and re-enter when hes not there.

If you try to flip a volume seller youll be left holding the bag. They will undercut you every time, and youll end up selling at a loss just to get your gil back in a decent amount of time.

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Originally Posted by Shioban

No, you're missing the point.

[Snip]

The retainer with the lowest price, will always appear first, even if that's by 1G.

THAT'S the reason undercutting exists, taxes play no part in it.

http://puu.sh/cJrvU/061c63203c.jpg

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Actually I think you're missing their point.

You're assuming there that the buyer is either brainless or ignorant or unable to read. Being at the top of the list does not automatically equate to the best price. Unless the buyer is in the city that the selling retainer is stationed in, the buyer has to pay a 5% international buying tax.

In your image example there, if the buyer is in Limsa (a very popular purchasing location due to the close aetheryte proximity to the market, I believe the closest in the game, all others require zoning at least once to get to their markets too) any of those 50k items will actually cost 52.5k, unless they travel to the other city. As such, you don't have to just be cheaper than the other places on the list, you have to be cheaper by 5% of the international sellers too, just as the person you were quoting said. If you put that item up for sale in Limsa for 52k you'd still be 500 gil cheaper than buying internationally if the buyer is in Limsa too.