Quote Originally Posted by bwalker36 View Post
They will still fall eventually as no one in their right mind would actually bid the lowest historic value. You bid 25%(or whatever) less and work up.
This is what the blind auction does, DEMAND based price adjustment, until somewhat normal value is reached.

With what we have now, we have SUPPLY based price adjustment. Sellers see what the competition prices their goods at, and go below.

For an Item that sells 1 per hour, three sellers could list the item at the same time by chance.

Average Price (500)
Seller 1 (450)
Seller 2 (400)
Seller 3 (350)

By the time someone comes to buy, they will pick up the lowest price one, and all other sellers would lower the price of their goods to match.

This does mean that demand is not as high as supply for this item, but the supply and demand curves are not allowed to meet, as the price will plunge below equilibrium before it has a chance to normalize.


Some items should have high prices, but low demand. Melded weapons for relic are a great example of this. The demand for premelded weapons exists, but not at the level they could be produced. Does this mean that melded weapons should sell for less than their base materials?

The materia that go into the weapon have a cost, and they are in higher demand, thus should have a relative higher price.

So, should a melded weapon cost more or less than the materials it requires, when those materials are in higher demand?

If less, why should anyone bother crafting and selling melded weapons?