Flabbergasted by Bazaar prices

[Quesci]

OK, I go through a lot of Celestial Essence. Many of us do. I try to buy them in the Bazaar when I can. Usually I'll pay 5pp each, sometimes 4pp if there is some competition going on. I've seen them as high as 7pp each, which I snickered at and moved on. (All prices are Quellious, by the way).

I've been saying all along that the new UI would lower prices on the mass-produced items. It is so easy to make these with the new UI, that there should be a ton of sellers all fighting for the best prices. At 5pp each, three seconds per combine, the hourly profit is more than 3kpp. Even at 3pp each you can make over 1000pp per hour.

So why is it that CEs are listed at between 15pp and 25pp each in my Bazaar? One guy had over 1000 of them at 25pp each. Is he insane? With the new UI, it is more likely that people will make their own. So are prices going up because the cheap people are making their own and only the rich people are left?

I thought I understood economics pretty well. Infinite supply and lowered demand should result in lower prices.

Edit: Oh and if this should go in Primal Scream, I apologize. I am not really ranting so much as looking for a discussion on pricing with the new UI.

[Alarien]

What I can't understand is buying something that's a no fail combine of 2 items. It takes a few minutes and like what? 3pp? to make your own.

So yes, the guy selling 1000 at 25pp each is insane. The scary part is that there is probably some overrich guy out there willing to pay it. Just like the people who pay 15pp for a spider silk.

[Renjah]

If I only need 1 CE 25pp would be well worth saving me the time to buy a mortar and pestle and running to pok to make the one combine. If I only needed one or two Id go for it. (Course I keep a stack or two in the bank for just such an emergency.)

[Quesci]

Originally posted by Alarien
What I can't understand is buying something that's a no fail combine of 2 items.

Because I need more than 180 of them for a run of sickles and more than 120 for a run of robes. If I am in the Bazar and just bought 120 imbued emeralds and 120 acid, then it is super easy to just buy some CEs and make the blessed dust right there.

Naturally that is just my opinion. I can certainly understand the belief that "if you are going to be doing combines anyway, why not just make some CEs?" My only real concern was wondering why the price went up when combines were made easier.

[Phabos]

Prices rise, prices fall. Only the market knows why.


Phabos Aphsion
Drunken Paladin of Brell
Tarew Marr
Part-Time Philosopher

[Sanna]

a Pok CE, being Scent of Marr and CelSolv, is a hair under 2p with 104 Cha. If you buy up the components that are cheaper (words of bondage come to mind), or use the drops from the field, it can be a bit cheaper.


Taking the idea of 'I'm in the baz anyway dropping massive quantities of plat anyway, may as well just buy the CEs too'... The 1k-25p guy is probably capitalizing off of that. With the new UI making combines easier, people will be clicking faster and need MORE CEs. So even though it's easier to make em, demand for them is higher.


Markets are weeeird. I'm glad I'm not econ major. o_0

-- Sanna

[ColdHeart]

First question: Are they SELLING for 25pp each or FOR SALE at 25pp each?

Big difference.

Next, who else is selling CE in the bazaar? Is this person actually trying to force up the cost by buying everyone else out?

As for why. People with 2mil plat and no idea how to make CE. People wanting 100 CE's and don't want the extra hassle of the combines. If they would all pay 25pp I'm not sure but it does seem a stupidly high price.

[Zyrtryx Conjureblade]

Haven't looked at CEs, but on the Rathe there are still people selling Coldain Velium Tempers for jacked-up prices, even though the Temper can be bought in Thurg again. I'd think the price for the Temper would have gone back down to what it was before that vendor was removed, but it hasn't.

I've got plenty of extra research items rotting in the bank that can be used to make CEs, and I'm going to do that when I get the time.

[borblefoot furtoe]

Methinks we are starting to see the effects of increased demand on basic tradeskill supplies.

Which ones go up, which ones go down and where the prices stablize is yet to be determined. We will probably know in a month or two.


Borblefoot Furtoe
Storm Warden
Resolution
Firiona Vie Server

[Naeadiene Needsamap]

I play on Mith Marr. MTP are at an all time low. I have been selling them for five or six months. I have seen prices as high as 50pp. (do people really buy them that high??) and generally not lower than 10pp. Currently the low in the bazzar is 3pp!! 3pp!! ACK! I won't be lowering that low.

I know that I made more because it was easier with the new UI and I'm still working my way to 250. I hope the person selling them that low stop when they reach 250.

[ancarett]

Put a stack of leather padding on sale yesterday at the price of 20pp per padding. (Which I thought was too high, but mine was the lowest price in the bazaar).

Another merchant came by and bought out my stack, adding it to her own stock selling at 100pp per padding. Ye gads!

Hey, I can probably double my price or more and still get her to instantly buy up all my padding. Go me!

[Grozza]

I think it is a natural evolution that was brought about by the addition on NO DROP items.

Your average elemental/time equipped player has all NO DROP equipment, and no possibility of purchasing an upgrade, so what do they have to spend money on but food, reagents, and tradeskill supplies.

People know this and will try to sell their trade supplies for as much as they can get, and why shouldn't they. They don't care if the person who is buying their 100pp leather paddings is a 34th level druid or a 65th level time-equipped cleric.

[Delphii]

Since the new interface came out, I can not keep trade skill combineables in stock. They have been flying out the door. I sold about 1000 leather paddings over the first weekend on the Rathe. I rarely see spider silks or swatches on other merchants anymore at anywhere close to a reasonable price. Spiderlings silks are MIA.

-- Delphii

[Dunthor Warsmith]

Originally posted by Zyrtryx Conjureblade
Haven't looked at CEs, but on the Rathe there are still people selling Coldain Velium Tempers for jacked-up prices, even though the Temper can be bought in Thurg again. I'd think the price for the Temper would have gone back down to what it was before that vendor was removed, but it hasn't.

heh, CVTs often sold for pretty ungodly prices before the vendor was ever taken out - 50-75pp, often. Some people didn't even know they *could* be vendor bought.

[Axterix EnObelix]

Originally posted by Grozza
I think it is a natural evolution that was brought about by the addition on NO DROP items.

Your average elemental/time equipped player has all NO DROP equipment, and no possibility of purchasing an upgrade, so what do they have to spend money on but food, reagents, and tradeskill supplies.

Yup, and to further boost this, there's SOE's trend of using tradeskill raising as a time sink to make quests harder and having some of the nicest tradeskill items (for smithing, tailoring, and fletching) all require multiple drops from elemental zones. Combine nothing to do with the money and the incentive to raise tradeskills...