MTP prices in bazaar last night

[Hobbun]

Well everyone, MTP's has hit an all time low last night, at least that I've seen in Xev. 5pp 9g. But it wasn't him that was causing it. Someone apparently was skilling up on MTP's. They were selling 852 of them at 6pp a pop the last time I checked.

/shakes head


Hobbun

[Delfontes]

Yah, GLM market has crashed on Brell too... one guy with 615 at 5pp, another with over 1k at 5pp...

Guess they are just too easy to make, hehe.

Really sucks on a more complex recipe with more sub combines like the picnics.

Good thing about skiller ups though... they are gone when their batch is gone, and the market can somewhat recover.

[Hobbun]

Good thing about skiller ups though... they are gone when their batch is gone, and the market can somewhat recover.

Agreed, that is what I was thinking too.

Hobbun

[Bennan]

Until the next one comes along . Which is a fate the poor old HMP's suffers hehe.

Its a good thing players can't keep those pricing schemes up all the time and its only skill dumpers that do this.

[Sethlic]

Buy em out
Raise the price back.
:twisted: :twisted: :twisted: :twisted:

[Idana Phoenixfyre]

That's easier said than done when the skilling up baker has 1.5k picnics for 3pp each... well, that's more than I can afford to buy out. :shock:

[Cigarskunk]

There was someone selling MTPs in PoK for 80 plat a stack - when I sent him a tell asking why so cheap, he responded that he was a GM baker and that he felt that was a "fair" price for him to sell at based off of his cost to success ratio.

/sigh

[Phabos]

The HMP market as crashed on Tarew in a major way. What once would bring 4-5pp each is now bringing 3 each, with certain individuals pricing down around 2. *grumble* As a result, those of us who are still trying to skill up are being forced to do MTP, since we can't get rid of the Meat Pies. At least I can still sell off picnics for 10pp each and make some return, although I'm only averaging around 2 stacks per 100 attempts. I guess I'll just have to wait and see what happens.

The Grobb's market is bordering on doing the same thing as HMP. /sigh

Phabos
Drunken Paladin of Brell
Tarew Marr

[DeegerStormcrow]

This kind of thing really irks me. Why do so many people have a WalMart mentality when selling things? If, instead of lowering the price, they would just match the lowest price we'd all still sell our stuff and make a profit.

I tried to talk some sense into a fletcher selling nightmare bows. I told him that lowering his price won't work because everybody else will just match it. He can keep lowering his price but it's only losing him (and the rest of us) money. Bows that were selling for 20k (admittedly too high) now sell for less than 4k. /sigh

What EQ tradeskillers need is a little more collusion

[payens]

I'm on Tarew as well, and I can verify the HMP market is gone. I have 3 trader sachels full of them and they won't move even at 3pp. I still have many points to go on them so I'll probably have to go down to 2pp-ish just to clear them out. Here are my thoughts on the situation.


1. Baking markets are more susceptible to dumping by people skilling up than brewing is. The simple reason is that there's no baking equivalent to Mino Hero Brew. MHB is cheap, strictly vendor purchased, and takes you all the way to 248 skill. There's no market for MHB so people who skill up in brewing just sell their wares back to the vendor. People don't skill up on GLM or QAT because they are much more expensive and time consuming, therefore it does not make sense.

Baking on the other hand, once you get to 191 then you are skilling up on stat food that there's likely a market for. Truffles don't sell in my experience, so if those are used to get to 202 then that's the point at which skilling becomes a market wrecker. I've done HMPs from 202 to 204, and in just those two points I have made over 600 pies. At that rate, I'll produce 6.6k more pies before they trivial. To put that in perspective, it would take one character 687.5 days /played to eat them all! So you can see where people skilling up on HMPs or MTPs are going to produce a ton of them, and dump them into the market just to get rid of them and maybe break even. The effects this has on the market are devastating.


2. Unlike tailoring or smithing, it's quite easy to reach a point in baking and brewing where you can make the "good stuff". The only barrier to entry into these markets is spending a little time mindlessly clicking, that's it. If people see there is a profit to be had, or even think there may be one, there's nothing to stop them from skilling up quickly and jumping into the fray.

My brewing is at 195 and that took about 10 hours and 100pp. At that skill and using a geerlock, I have a 90% or higher success rate at GLM, and also a decent success rate at QAT. Both of those are easy to produce once you have a corking device because the ingredients are readily available. The only sticking point is the tea leaves for the QAT, but those can be purchased in the bazaar most of the time for a small cost. Or you can make a lvl 1 wood elf foraging bot. Honestly, with how easy these are to make how can any signifigant profit be expected?

As mentioned previously, my baking is at 204, and with a geerlock I have nearly a 95% success rate on HMPs. I'm a lvl 54 paladin, so I lack tracking, foraging and porting skills. Despite that, I find it incredibly easy to gather supplies for both HMPs and MTPs. In 4 hours, I can get enough supplies together to make at least 200 attempts at HMPs. That will easily produce 1k pies. So again, how could I expect to make a huge profit by doing this? Even if I got all the other traders together in a price fixing scheme, somebody would just come along, skill up and under-cut us. So I have to offer my wares at a reasonable price and be happy that the activity I took up for fun returns a profit albeit a small one.


So in conclusion I think the only long term profit to be had in baked or brewed goods is those items where it's a royal PITA to get supplies for. Even then it would have to be a really hot item, such as for a quest. The only tradeskills that will return a huge profit are those that have barriers to entry, in the way of signifigant timesinks, such as tailoring and modern smithing (old school smiths had it easy).

Here's one final thought... Don't expect the stream of people skilling up and dumping their wares to stop. Just like there is constant demand for PotC kits, there will be a constant stream of skillers. Why? Well, one reason is quests. Several quests require skilling up in baking to some point, and with how easy it is to go higher several people will be drawn in. Another reason is the GM trophy and 100% WR bag. Why buy a tink bag or something similar when you can GM a tradeskill such as baking or brewing and get a bag all for less cash, along with the trophy. And finally there's the fact that all it takes is time. So in conclusion I don't think the markets for GLM, HMP, MTP or to a lesser extent QATs will be coming back. Once it's gone it's gone. The gravy train has left the station I'm afraid.

[Gaell Stormracer]

Another reason is the GM trophy and 100% WR bag. Why buy a tink bag or something similar when you can GM a tradeskill such as baking or brewing and get a bag all for less cash, along with the trophy. And finally there's the fact that all it takes is time.

The only truly valuable commodity in EQ is time. If you have enough time, you can farm cash for anything. And anyone that sets out to get a Grandmaster Trophy to avoid spending 5250pp on a Tink Bag needs to be dragged away immediately by men in white coats.

[Delfontes]

Does anyone in the game have a Trophy for less than 5250?

I mean seriously, is that even possible?

I only failed on my trophy once... but to get there/cost of attempt etc I spent 15k all said and done.

I've made that much brewing over the months since, but it was still a hefty chunk, and I could have had 3 tink bags by the time I got my trophy, instead of an empty bank account.

[payens]

Another reason is the GM trophy and 100% WR bag. Why buy a tink bag or something similar when you can GM a tradeskill such as baking or brewing and get a bag all for less cash, along with the trophy. And finally there's the fact that all it takes is time.

The only truly valuable commodity in EQ is time. If you have enough time, you can farm cash for anything. And anyone that sets out to get a Grandmaster Trophy to avoid spending 5250pp on a Tink Bag needs to be dragged away immediately by men in white coats.

I think it's incorrect to automatically assume that time is more valuable than pp... it really depends on the individual. There are a signifigant number of people who have lots of time on their hands but no money, both in RL and EQ. The better choice depends on how fast you can farm pp, and how valuable the trophy is to you. For many, it would be used as a full-time piece of equipment. This is the type of person that powerskills a trade just for the trophy.

[payens]

Does anyone in the game have a Trophy for less than 5250?

I mean seriously, is that even possible?

I only failed on my trophy once... but to get there/cost of attempt etc I spent 15k all said and done.

I've made that much brewing over the months since, but it was still a hefty chunk, and I could have had 3 tink bags by the time I got my trophy, instead of an empty bank account.

I would have edited my last post to include this, but I couldn't figure out how.

If it cost you 15k, but then you made it back, how much did it really cost you to get the trophy? Well, seems to me your Net cost is zero, and that's my point.

Up to 204 in baking so far and I'm already running a net profit. Assuming I break even or make a little bit on the rest of my skillups the trophy will be free. Hehe, other players will have in fact paid me to get the bag and trophy. My only real cost is time.

[Delfontes]

If it cost you 15k, but then you made it back, how much did it really cost you to get the trophy?

Um, I was out 15k.

I spent hours, and hours, and hours, endlessly combining trivial items to sell for months to make it back.

In that time I am fairly certain I could have made just as much farming, but I enjoy brewing... well for guild now mainly, it does get tedius 8 hours of combining.

No one who is not insane goes into tradeskilling for the bag. Maybe for the range slot 50 cha 10 str 10 int item if they need it, and maybe to be able to summon unlimited 100% WR 10 slot bags, but not for the 1 bag alone.