The way people price items is laughable at best!

[Chasely]

and here I thought you were going to talk about the 500% mark ups on Oriental items, which you can buy from an NPC in Mor Dhona. Or the Grade 1 food, which you can buy from an NPC in Central Shroud for 1500 gil, being resold for up to 150k.

[Chukkaque]

I think a lot of people have the mindset of "I want this out of my inventory but don't want to NPC sell." so as long as they can even get like 1/2 to 1/4 of what the "trending" price is, they're probably fine with the cut.

[DrOstler]

The worst is when you see an item worth about 300k with only 2/3 others selling and the item sells once every day or 2. Then you decide to craft one yourself and match the lowest price. Within a few hours there are now 5+ people selling and the lowest price is almost half of what the average has been for the past 2 weeks. Thanks guys

[Ramath]

This has been an issue that has been driving me up the wall.

I have never complained about undercutting. It's a natural, and healthy, part of economics. It's going to happen. It needs to happen. What DOESN'T need to happen is the massive amounts by which people undercut. All it is doing is killing the market for that particular item. I wish I could strangle people and make them understand this point:

Undercutting by 39587342589327459832475293485729345872395873425897k, doesn't create demand. It doesn't magically make people stop, run to a market board, and desperately seek out that one item that they suddenly feel the need to buy right now. It doesn't make your items sell any faster than if you had undercut by 1gil. You're still on top of the list, one way or another.

Sure, it might be seen as rude to undercut the guy below you, but it doesn't make it any less rude to drive the prices down even further. You're still undercutting him. But now, to pour salt into the wound, you're killing the market on top of your undercuts!

[Alberel]

This has been an issue that has been driving me up the wall.

I have never complained about undercutting. It's a natural, and healthy, part of economics. It's going to happen. It needs to happen. What DOESN'T need to happen is the massive amounts by which people undercut. All it is doing is killing the market for that particular item. I wish I could strangle people and make them understand this point:

Undercutting by 39587342589327459832475293485729345872395873425897k, doesn't create demand. It doesn't magically make people stop, run to a market board, and desperately seek out that one item that they suddenly feel the need to buy right now. It doesn't make your items sell any faster than if you had undercut by 1gil. You're still on top of the list, one way or another.

Sure, it might be seen as rude to undercut the guy below you, but it doesn't make it any less rude to drive the prices down even further. You're still undercutting him. But now, to pour salt into the wound, you're killing the market on top of your undercuts!

So much this!

Undercutting by 10k gil will not make your item sell any faster than if you undercut by 1 gil as it still requires someone to be looking to buy that item and searching for it on the market. The lowest price appears at the top and is obviously the most likely to sell first; it makes no difference how much lower that price is.

The only people that actually benefit from idiotic undercutting are the speculative buyers looking to re-list and turn a profit.

[Veqluna]

I don't know how market work , I just going in there buying stuff xD

[Chihaya]

So much this!

Undercutting by 10k gil will not make your item sell any faster than if you undercut by 1 gil as it still requires someone to be looking to buy that item and searching for it on the market. The lowest price appears at the top and is obviously the most likely to sell first; it makes no difference how much lower that price is.

The only people that actually benefit from idiotic undercutting are the speculative buyers looking to re-list and turn a profit.

It will sell faster than 1g undercut as 10k is most likely more than the cost of the 5% market tax.
When I look at the MB - I don't just buy the cheapest item, but I also take into the account of the tax.
For high priced items, I'm willing to teleport to the city to avoid tax.

Instead of complaining, you can become one of those "speculative buyers"

I hate it when stuff is overpriced on the market, when something cost less than 10k to make and people try to sell it for 50k+, of course you're going to get undercut.

If there is a "real" demand for the item, the undercutters would not even matter, as yours will sell after theirs.
But it doesn't, and that's why people come here to complain about undercutters.

[Avenger]

I just undercut by 1gil and call it a day lol

The sad thing is that people actually do this and it seems to work. ;-p

[ChazNatlo]

The only time I drastically undercut is if I feel ((In my gut, there is no real basis for it)) that the price something is selling for is too much. Like Glamour prisms. I tend to mass produce Weaver prisms and sell them for a reasonably low amount, more so that non crafters get cheap access to them than making money ((Not that I don't make loads of money off it, I'm helpful, not a martyr.))

Edit: Otherwise I try to match it or drop the price by 500 gil ((dropping it by one gil just feels tacky to me.))

[Avenger]

Selling for less than the sell-to-NPC price is bizarre - I just don't get why you wouldn't simply... sell it to an NPC. Anyone who sees this can immediately turn a (usually small) profit by buying all of the underpriced items and selling them to the NPC who is usually very close to the market board.

"Sells for 4 gil" does not mean "you should post it on the MB for no more than 4 gil."

I suppose some people may be selling at the housing area MB and may not have a vendor in their house, so perhaps it's more convenient to undersell on the MB rather than teleporting to a vendor in the housing area. Or maybe they're dodgy sellers who think that selling to NPCs is overly suspicous. I haven't come up with a sensible reason for doing this...