Undercutting

[Caitlinzulu]

Dude this happened on Moogle. Was selling for 17-24mil. Then one guy came who apparently HAD TO sell it and kept undercutting by 2mil every time until it was selling for like 6-7mil. Of course all the bots kep matching the price so now there are like 20 mounts for under 8mil on the board. It just takes one ***** to screw up an item.

Was it actually selling for over 17m or just listed at 17m with none actually selling? And i am not talking about one fool buying an inflated price.
Anytime a new very rare item is introduced the price starts absurdly high with zero buyers till price drops to a point that enough purchases keep the price constant. I would have that pricecorrection happen quickly.
But sometimes demand of an item is so low that it drops to almost nothing.

[UkcsAlias]

But sometimes demand of an item is so low that it drops to almost nothing.

Housing items are very vulnerable to this. Only when new wards are added prices can skyrocket. And without demolition timer, you reach a point in which sales become almost impossible.

[dspguy]

Was it actually selling for over 17m or just listed at 17m with none actually selling? And i am not talking about one fool buying an inflated price.
Anytime a new very rare item is introduced the price starts absurdly high with zero buyers till price drops to a point that enough purchases keep the price constant. I would have that pricecorrection happen quickly.
But sometimes demand of an item is so low that it drops to almost nothing.

This early in the patch cycle, it is hard to say. Not many of these mounts have entered the server, and in turn, not necessarily many sales. It is all-too-common to see items selling at a steady price and then there's that one guy (like mentioned earlier) that just has to sell his ASAP and they crash the whole market. The thing is, just because an item was selling for (maybe) 17M and then that one guy drops it to 7M (and all the relisters follow suit), doesn't necessarily mean that 1 player will risk buying up 20 7-million gil mounts just to relist them at 17. Maybe they will sell, maybe they won't. Hard to say.

When it comes to the MB game, items that sell for large amounts of gil but sell slowly are difficult to gauge. There's sometimes that case where someone lists a big ticket item missing 1 zero. If a 17M gil mount was up for 1.7M, it would be snatched up and relisted without a second thought. However, that's because it isn't worth 1.7M it is worth much more.

[Masekase_Hurricane]

Was it actually selling for over 17m or just listed at 17m with none actually selling? And i am not talking about one fool buying an inflated price.
Anytime a new very rare item is introduced the price starts absurdly high with zero buyers till price drops to a point that enough purchases keep the price constant. I would have that pricecorrection happen quickly.
But sometimes demand of an item is so low that it drops to almost nothing.

It's just like real life when something new comes out the price is high and soon as sales slow/stop the price is cut. If loads of companies are selling the same item price wars happen till you remove the weak :P Only people that really moan is people who have no clue how to make gil cause they are relying on that one item.

[Prrringles]

Was it actually selling for over 17m or just listed at 17m with none actually selling? And i am not talking about one fool buying an inflated price.
Anytime a new very rare item is introduced the price starts absurdly high with zero buyers till price drops to a point that enough purchases keep the price constant. I would have that pricecorrection happen quickly.
But sometimes demand of an item is so low that it drops to almost nothing.

I sold a few around at that price. People were buying them. It's all because of greedy selfish players that prices tank in no-time. I see this all the time on big ticket items. One **** comes in and ruins it for everyone else because getting a quick fox for their dopamine drained minds is all that matters. Bots match prices of course and there ya go. Good luck waiting weeks before the price MAYBE goes back to where it belongs. Both the Pegasus and the Orthos mount should sell for well above 12mil. Half of the supply is from bots who match whatever price these above mentioned ****** list them for.