The way people price items is laughable at best!

[NorthernLadMSP]

There's a lot of undercutting on Leviathan. People are really ridiculous.

For example, last night all of the clothcraft glam prisms up for sale were priced from 5,000 to 5,900 gil each. So, I put some of each level up for sale at the going prices. An hour later, I look and all of the current prices had dropped 2,000 on each one.

[Zfz]

The majority of the people complaining about undercutting are talking about a high % decrease in the items current market value. Undercutting like that makes markets incredibly unstable and liable to crash. It helps noone.

It helps the buyers. It also helps in slowing inflation. It further helps in maintaining a balanced distribution of wealth, making more parts of the game more accessible to everyone. In the end it helps everyone.

People are really ridiculous.

For example, last night all of the clothcraft glam prisms up for sale were priced from 5,000 to 5,900 gil each. So, I put some of each level up for sale at the going prices. An hour later, I look and all of the current prices had dropped 2,000 on each one.

5000 is ridiculously overpriced unless crystals on your server are costing an arm and a leg. Other than crystals, clothcraft prisms only require NPC vendor materials, meaning its value will tend to approach cost as more and more people ding 50 and are able to make it.

On my server clothcraft prisms go for 2,000 gil on average. Crystals cost 115 gil on average. That means this price guarantees the crafter over 1000gil profit.

[NorthernLadMSP]

5000 is ridiculously overpriced unless crystals on your server are costing an arm and a leg. Other than crystals, clothcraft prisms only require NPC vendor materials, meaning its value will tend to approach cost as more and more people ding 50 and are able to make it.

On my server clothcraft prisms go for 2,000 gil on average. Crystals cost 115 gil on average. That means this price guarantees the crafter over 1000gil profit.

It doesn't matter if you believe it's overpriced or not. If that's what they're selling for, and that is what all of the listings are currently at, there is absolutely no reason for one or two people to drive down the price by insane amounts.

[Zfz]

there is absolutely no reason for one or two people to drive down the price by insane amounts.

If that indeed is what the prisms have been selling for, then what will happen is just that more and more people will notice this, start crafting the prisms and selling them at 4900, the next guy notices and sells at 4800, the next at 4500, 4000, 3750, 3500, 3000, 2500, 2000, at which point most of the new entrants will leave because their listings over 2000 didn't sell and the profit is no longer worth their effort.

Now if the transaction history shows a huge list of prisms sold at 5900 then suddenly at 2000, then it means one of two things:

1) The 5900 was just a temporary shortage of supply, and that the actual "going price" was supposed to be 2000, so when those who have been selling comes back from work and post his products, he didn't check the price and listed directly for 2000.

2) You have a malicious seller that wants to chase you out of the market.

For example on my server the clothcraft prisms can sometimes go up to 3000, but only for a very, very, very short time during the early day when very little people are playing (late night players who got new gear bought up the prisms just before they go offline, but all the crafters have gone to bed, creating a temporary void in the supply) by close to noon the listings will have been filled down to 2000 again.

[Yukiko]

Just a hint: different servers, different situations!
Please do not mix all servers into same boat...

[Nadrojj]

This is why we need a blind auction house like they had in 11. Price stabilization. Every weekend people drop the prices of sealants by over half just because they want them to sell quick, then it slowly climbs back up during the week.

[Zfz]

This is why we need a blind auction house like they had in 11. Price stabilization. Every weekend people drop the prices of sealants by over half just because they want them to sell quick, then it slowly climbs back up during the week.

That was a very inconvenient system for buyers. In the end you can still check the price history anyway, so people who want to sell quick will still drop the price.

[Kosmos992k]

Fundamental truths of market board pricing;

Someone will undercut you.
Everything will sell if priced at the long term average.
Supply and Demand are absolute.
When you see a 10gil item selling for 10,180,000 gil (or something similar) be assured that this is almost certainly an RMT transaction where someone is being paid 10 million gil (the extra 180K pays the MB tax/fee ensuring a 10 million even transaction - or so my university educated brain suggests), it's *not* an error, it's almost certainly a cheat in action, or someone attempting to get around the limitations in gil transfer between Alts.
A short term view leads to undercutting.
Long term thinkers make more money over time.
HQ always sells better.

[MeiUshu]

people are greedy, and when someone else sells lower they decide is not *fair* and shouldnt be allowed and the yadayadaydada....Free market is just about that, free, there is no right or wrong, undercut is not wrong, neither over priced is wrong, as long as it sells what does it matter if over or under priced ?

If people are happy with what they get what does it matter the rest ? nothing forbids any to undercut the price of the already undercut price....or be intelligent enough and dont sell and wait better time or just stop building/collecting or what not that particular itme...is a game, you know, is not like life was depending on it.

To me what is laughable is the seriousness on how people take this game as if everything was revolving around it...especially when it comes to ..virtual money.

Just me though

Mei

[Gillionaire]

It doesn't matter if you believe it's overpriced or not. If that's what they're selling for, and that is what all of the listings are currently at, there is absolutely no reason for one or two people to drive down the price by insane amounts.

There are plenty of reasons to do that.
1. You still make profit.
2. It sells faster.
3. It drives competition out.

3 being the most important point.

Glamour prisms are usually a specialist market so the turf war is a little more serious than others.



Besides,

It doesn't matter if you think it's ridiculously underpriced or not, if that's what they're selling for and that's what the undercutter prices his items at, there's absolutely no reason you can't compete in the same market using the same resources.

Especially true for glam prisms, vendor bought mats, and no hq. Even playing field.