Extreme Undercutting - Should it be a violation?

[Zojha]

What the Market Board needs, is in use in Final Fantasy XI, an Auction house.

I'd rather go into a direction that's closer to the Steam market: You can make a sell offer at a given price (works as the MB does now) or a buy offer at a given price (where you need to leave the money) and anyone who wants to buy or sell an item can either sell/buy it directly at the listed price of the offers, or wait until someone is willing to meet their desired price.
And since the argument often pops up: If a crafter ends up making an item for a given buy offer and that ends up being taken off the board or served by someone else, they'd just have to do the same they'd have to do now, namely put up a sell offer for their desired. It's literally no different to looking at past purchases now and putting it up for that price.

They typically end up converging anyway. It's just the best way to make the supply and demand curves on the market transparent.

[Katryn]

If SE wanted full control of this there would be no market board and you would sell everything strictly to the vendor. Like it or not, price inflation or undercutting are symptoms of capitalism. Deal with it.

[Radacci]

i think overpricing is annoying as F*** so i support undercutting.
why should prices skyrocket to 1mil, when it was 10k, just because it's needed for a new recipe? (just a made up nr)
if ppl are annoyed by it, tough luck, you greedy ass.
it's silly you cant afford new crafted gear, unless you manipulate the market, to make lots of gil, cause a belt costs as much as a house.
then it seems to be a thing with crafters that they feel entitled to lots of gil, because it took oh so much effort to cap a crafer (unlike with DoW/M, where everything comes easily for free) so you should charge people to craft for them, but if you charge for helping ppl through primals or whtever, then you're scum....i'm sorry, but why do crafters get to charge xx milions for a crafred item, that probably didn't take much effort to make?

[dayspring83]

I think its a free market and if Random Player # 4907 wants to sell the same fish as you for 1/10th the price, he has every right to do so. Is it stupid? Yep. Is it annoying? Yep. Is there anything likely to be done about it? Nope!

And no, I don't think extreme undercutting should get someone banned. What you consider 'extreme' might not be a big deal to them, and banning someone for posting an auction is just.. well its as dumb as the undercutting itself.

Couldnt have said it better myself. If someone is that eager to sell something at a 90% discount, buy it up and re-sell it at the price you want to sell it for. I've made a good chunk of money buying out undercutters and reselling their stuff at my regular asking price.

[dayspring83]

i think overpricing is annoying as F*** so i support undercutting.
why should prices skyrocket to 1mil, when it was 10k, just because it's needed for a new recipe? (just a made up nr)
if ppl are annoyed by it, tough luck, you greedy ass.
it's silly you cant afford new crafted gear, unless you manipulate the market, to make lots of gil, cause a belt costs as much as a house.
then it seems to be a thing with crafters that they feel entitled to lots of gil, because it took oh so much effort to cap a crafer (unlike with DoW/M, where everything comes easily for free) so you should charge people to craft for them, but if you charge for helping ppl through primals or whtever, then you're scum....i'm sorry, but why do crafters get to charge xx milions for a crafred item, that probably didn't take much effort to make?

It's called supply and demand. Actually nevermind...why are you so mad? Jeez

[xaventh]

Free market , capitalism, supply and demand, global warming, Russian hacking ..ect ect ect

[Nixxe]

i think overpricing is annoying as F*** so i support undercutting.
why should prices skyrocket to 1mil, when it was 10k, just because it's needed for a new recipe? (just a made up nr)
if ppl are annoyed by it, tough luck, you greedy ass.
it's silly you cant afford new crafted gear, unless you manipulate the market, to make lots of gil, cause a belt costs as much as a house.
then it seems to be a thing with crafters that they feel entitled to lots of gil, because it took oh so much effort to cap a crafer (unlike with DoW/M, where everything comes easily for free) so you should charge people to craft for them, but if you charge for helping ppl through primals or whtever, then you're scum....i'm sorry, but why do crafters get to charge xx milions for a crafred item, that probably didn't take much effort to make?

The only overpriced item is an item that doesn't sell and an item that doesn't sell doesn't hurt anyone but the would-be seller.

Why do you feel so entitled to other people's labor, items, and time? If you don't like the price, there is nobody stopping you from leveling crafters and gatherers yourself. It's what the rest of us do.

[Aylis]

So, currently it clearly isn't a violation. But do you think it should be a violation? Why do you think so?

Absolutely not. A person has every right to sell an item at whatever price they deem fit. Weither they want to sell it at max price to make a profit, or they want to sell it cheap to make a fast buck. The choice is theirs and theirs alone. There's a lot to consider in the auction house. Since each item and each person selling said item has their own stories to tell. Far beyond just getting to the top of the search lists. Is the person saving for a house, airship or something else in game and just wants to gather money as fast as possible? Did the person work for hours to make something in HQ and through failures they want to sell it at high costs to recoup losses and still make a profit? Did the person just happen to have the items on them for a combine and got lucky for three minutes of work and think extra money is extra money? We don't know and we really can't question each persons intent for undercutting. Every item I ever put up for sale has been sold despite being undercutted. Sure it may take a few days or a few weeks to sell in some cases. It doesn't bother me in the least, but then again I'm not exactly hurting for or in dire need of money.

[Vanitas]

Well from what I've heard, extreme undercutting with the aim of trying to crash a market (as in drive the prices down), is an offence in WoW

This isn't wow/10

[Pondera]

I'm curious. How far are you undercutting? If you're undercutting by 1 gil, that's extraordinarily annoying, but swiftly countered by the original offer maker the next time they log in. If you're undercutting by a significant amount (over 20%), then you probably hate money. Your offers will be the only things people see and will pay attention to, and you'll swiftly run out of stock. The sales for high demand items undercut in this way are often so quick that it's likely the others won't even have noticed you to begin with, and things will be back to normal very quickly. Capitalism is a very organic and self-adjusting thing and nowhere is this more true than on player-made economies.

Bottom line, no, I do not think it is a violation.