FIX the AUCTION HOUSE!!!!

[Shioban]

There isn't a remedy to fix this.

It's the same in any game with an Auction House actually.

There are always a number of people with severe brain damage who think; "This is up for 50K...but wait IF I SELL MINE FOR 40K IT'LL SELL FASTER".*
These people actually exist, and somehow believe this, and there is no remedy.


As long as players are allowed to set whatever price they want, there is nothing anyone can do about it.




*If you are one of these people, consider the following;

Bob wants a 'Bronze Saw'.

Currently 20 listings are up for saws;

Bronze Saw

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

Now. Bob want his 'Bronze Saw', it doen't matter which one to him, he really needs it to get his Carpentry done.

Bob buys yours for 3,000g as it's the cheapest.However

Had you'd set yours to 4998g Bob would still have bought it.

You've now lost out on 1998g in total. And also left yourself open to be undercut further lowering the value of the item faster than people can actually purchase them.




This is how market crashes happen, where something that's worth 5,000g gets undercut by large chunks in a short period of time because, let's face it at ANY time someone could undercut your price. And by undercutting 1-2k gil you can be sure it won't be worth anything soon.

[NefarioCall]

snip

Couldn't have said it better myself.

Still, even though i undercut by 1 gil, ... it can be a bit of a chore to sift through 80 items one at a time.
The reality is that even if you don't undercut at all, your stuff will mostly sell eventually ... mostly.
You just won't make as much gil as fast.

[Ryans]

There isn't a remedy to fix this.

It's the same in any game with an Auction House actually.

There are always a number of people with severe brain damage who think; "This is up for 50K...but wait IF I SELL MINE FOR 40K IT'LL SELL FASTER".*
These people actually exist, and somehow believe this, and there is no remedy.

I'm not sure if you've been in a position to buy things you don't particularly need simply because the price was low, but there are plenty of people who are. They see something that is undercut and turn it into profit. People who undercut could very well be targeting that market base and just want to unload their useless items as quickly as possible.

I know I've bought items I have no use for other than to have the item simply because it was lower than the normal market price.

[Goldhawk]

snip

That's just pure ignorance. Of course it's going to sell faster, it's the cheaper item. It's not like he's "missing out" on any money. What if the item isn't worth 5k?

You seem to be forgetting that the OPPOSITE happens too, where items that are easily under 100k can sell for much higher than what they're worth. I'd much rather see items be cheap and easier to obtain rather than more expensive and only obtainable by people who purchase gil. This happened in the last MMO I played. 1000 copper = 1 silver. 1000 silver = 1 gold. 100 gold = 1 gem. level 70 blue +10 items used to cost 10 gold at the MOST now they're 1.5 gems or higher (which gems are very hard to obtain by a person who doesn't pay for their money)

[Luciano_Bozzelli]

*If you are one of these people, consider the following;

Bob wants a 'Bronze Saw'.

Currently 20 listings are up for saws;


Now. Bob want his 'Bronze Saw', it doen't matter which one to him, he really needs it to get his Carpentry done.

Bob buys yours for 3,000g as it's the cheapest.However

Had you'd set yours to 4998g Bob would still have bought it.

You've now lost out on 1998g in total. And also left yourself open to be undercut further lowering the value of the item faster than people can actually purchase them.




This is how market crashes happen, where something that's worth 5,000g gets undercut by large chunks in a short period of time because, let's face it at ANY time someone could undercut your price. And by undercutting 1-2k gil you can be sure it won't be worth anything soon.

Man!! I wish this comment right here was a big sign that showed everytime you logged in. LMAO... I don't understand why people don't understand this... Just a few days ago the black mage weapon used in the beginning relic quest was sitting at a nice 25k, I sold a few, but here comes some stupid guy just throws his in for 12k... Now, seeing this scared the hell out of me, so I bought his, and undercut the next man by 1 gil... But then this means I had more to sell... Next time I look, mines are still in there, and someone else puts one in for 9k... I have no idea what's going on in their head, but he just cost everyone's chance at making 20k a pop... I really don't get what goes on in there head...

One time I invented a link shell called Business Minded... With the goal to invite everyone to it that I see do stupid undercuts, and eventually inform all the stupid sellers on my server one stupid man at a time. But you know how many people I added to that linkshell... One guy!! Only one man was willing to listen, the rest hit me with, I farmed the materials, I didn't buy them... So its pure profit!!! What do you care what I sell my items for... One man even rudely told me to F off... I just don't get it... I guess these stupid people just don't want the extra gil every time they sell that said item... The man that sold that cudgel for 9k just didn't understand that he could have sold it 5 times for 20k plus a peice...

How can we inform the realm of this? How can we educate everyone? Make a macro that shouts in the city everyday? But... if the prices were hidden and you didn't see what everyone had theirs sold for, you couldn't just undercut that man directly, you would have to make a choice to undercut the price of the last one purchased, and the buyer wouldn't know that someone put one in that low, they would have to just go off of what the last man bought it for. This made people hover around the real price, and took longer for the price to actually drop.

I wouldn't mind if this was implemented as this is how it was in FFXI. And it would make a difference to the market.

[Lafiele]

Man!! I wish this comment right here was a big sign that showed everytime you logged in. LMAO... I don't understand why people don't understand this... Just a few days ago the black mage weapon used in the beginning relic quest was sitting at a nice 25k, I sold a few, but here comes some stupid guy just throws his in for 12k... Now, seeing this scared the hell out of me, so I bought his, and undercut the next man by 1 gil... But then this means I had more to sell... Next time I look, mines are still in there, and someone else puts one in for 9k... I have no idea what's going on in their head, but he just cost everyone's chance at making 20k a pop... I really don't get what goes on in there head...

One time I invented a link shell called Business Minded... With the goal to invite everyone to it that I see do stupid undercuts, and eventually inform all the stupid sellers on my server one stupid man at a time. But you know how many people I added to that linkshell... One guy!! Only one man was willing to listen, the rest hit me with, I farmed the materials, I didn't buy them... So its pure profit!!! What do you care what I sell my items for... One man even rudely told me to F off... I just don't get it... I guess these stupid people just don't want the extra gil every time they sell that said item... The man that sold that cudgel for 9k just didn't understand that he could have sold it 5 times for 20k plus a peice...

How can we inform the realm of this? How can we educate everyone? Make a macro that shouts in the city everyday? But... if the prices were hidden and you didn't see what everyone had theirs sold for, you couldn't just undercut that man directly, you would have to make a choice to undercut the price of the last one purchased, and the buyer wouldn't know that someone put one in that low, they would have to just go off of what the last man bought it for. This made people hover around the real price, and took longer for the price to actually drop.

I wouldn't mind if this was implemented as this is how it was in FFXI. And it would make a difference to the market.

The problem with the original quote is to assume bob would buy it at 5k and that there is a demand for it at 5k over 3k. Supply and demand has to intersect each other. With your above example, it is clear that people are willing to buy it for 9-12k but even if you're the only one selling and the price is 25k, doesn't automatically mean there is a demand for it at 25k. This has nothing to do about education or people being dumb (if there is any is to educate people who don't understand this simple concept that selling highest possible isn't the only way to make profit. Instead, it is a simple trade off of someone who wants a quick sale and someone who can patiently wait for the slow 25k sale. Think about it this way, a guy could sell 5 12k staffs in the same time you've sold one 25k staff

Your second fault is trying to change the way people want to sell their items because of what you think is right. This is called preaching and is exactly what religious people do. Firstly, your idea of it isn't the only correct interpretation of it to begin with. Undercutting high amounts is done because people want to ensure a quick sale and to discourage competitors such as yourself to undercut more than him (which obviously worked). Whether he makes a profit or not is not your concern. Also, if the demand was high enough to meet the price that YOU set, what they are doing should have little effect on the pricing. Obviously, the demand wasn't high enough to meet your supply price so the lower prices are the current equilibrium. In short, stop being greedy and trying to change others so you can be greedy.

[aray0002]

There are always a number of people with severe brain damage who think; "This is up for 50K...but wait IF I SELL MINE FOR 40K IT'LL SELL FASTER".*
These people actually exist, and somehow believe this, and there is no remedy.

The fact is .. The one for 40k will always without a doubt sell faster than the one listed for 50k. Nobody can argue the facts. Having severe brain damage or not.

The guy selling for 50k will either do one or 2 things. Leave his priced at 50k while history will show last purchased at 40k and hope someone bites. Or he will reduce his price to 40k hoping someone don't come in 5 min later and list one for 30k.

[Murakamo]

There isn't a remedy to fix this.

It's the same in any game with an Auction House actually.

There are always a number of people with severe brain damage who think; "This is up for 50K...but wait IF I SELL MINE FOR 40K IT'LL SELL FASTER".*
These people actually exist, and somehow believe this, and there is no remedy.


As long as players are allowed to set whatever price they want, there is nothing anyone can do about it.




*If you are one of these people, consider the following;

Bob wants a 'Bronze Saw'.

Currently 20 listings are up for saws;


Now. Bob want his 'Bronze Saw', it doen't matter which one to him, he really needs it to get his Carpentry done.

Bob buys yours for 3,000g as it's the cheapest.However

Had you'd set yours to 4998g Bob would still have bought it.

You've now lost out on 1998g in total. And also left yourself open to be undercut further lowering the value of the item faster than people can actually purchase them.




This is how market crashes happen, where something that's worth 5,000g gets undercut by large chunks in a short period of time because, let's face it at ANY time someone could undercut your price. And by undercutting 1-2k gil you can be sure it won't be worth anything soon.

No. If bob only had 3000 gil, how could he buy it for 4998?

Your logic implies that if I saw a cashmere robe of casting for 2 million or so, I'd still buy it even if I had only 1.8 million. People look for the best price and buy if the price is right. The higher the price, the more thought people will put into it before they purchase. I think it is your brain that has brain damage.

I'm not saying that constantly undercutting is a good idea, though. But you honestly have no idea how marketing and economics work.

[zer0patches]

...
*If you are one of these people, consider the following;

Bob wants a 'Bronze Saw'.

Currently 20 listings are up for saws;


Now. Bob want his 'Bronze Saw', it doen't matter which one to him, he really needs it to get his Carpentry done.

Bob buys yours for 3,000g as it's the cheapest.However

Had you'd set yours to 4998g Bob would still have bought it.

You've now lost out on 1998g in total. And also left yourself open to be undercut further lowering the value of the item faster than people can actually purchase them.

...

Your logic is flawed. If the price is bloated Bob would just go gather the material and make the saw himself if there wasn't a good deal on the marketplace.

It's like saying even though Bob pirated a song worth 1$ that he would still buy the song for 1$ if he couldn't get it for free.

It all comes down to what an individual is willing to pay for something. Bob may be a buyer at 3000g and not 4998g.

[NyarukoW]

....You've now lost out on 1998g in total. And also left yourself open to be undercut further lowering the value of the item faster than people can actually purchase them.
...

This is how market crashes happen, where something that's worth 5,000g gets undercut by large chunks in a short period of time because, let's face it at ANY time someone could undercut your price. And by undercutting 1-2k gil you can be sure it won't be worth anything soon.

This complete utter nonsense. This is a clear and obvious flip opportunity. Buy low sell high people? Come on? Got no guts or something? Buy at 3000 sell it 4997 and pocket 1997 for profits. Piece of cake. Unless of course the people all trying to sell at 5000 is overpriced and trying to gouge people and you have no confidence in the 5000 price, then the price is where it should be. But you have to know the market to make the right call.

They just need to implement the blind auction and small tax like in FFXI and this undercut battle would never happen.

People should be able to undercut. Blind auctions are complete utter BS set up to favor the sellers. I much rather have an undercut battle than a bidding war. The market board is working quite well as it is. It would be better to have longer history to look at though.