What do you do when someone crashes the market?

[ChaseFV]

Assuming that he's under some obligation to keep his prices as high as yours were (regardless if that was the market mean at the time) is as faulty as assuming that you should have to drop yours to compensate. Vendors are not all alike, and some use the bazaar sporadically. Some are long-term bazaar dwellers, and others simply use it as a means to an end. I guess my opinion all comes back to the fact that I think that all else being equal (ie, no cheating, not using multiple accounts, etc), people can and should charge whatever they want.

From what I recall, you fall into the long-term bazaar dweller category. I agree with most of the suggestions here, and have nothing more to add, except that it seems like you may have been the one to run out of patience, and may have forgotten that vendors like him come and go (but mostly just go!). If you can afford it, stuff those bows away for a while.

He cut the price by over 50% in less than 2 weeks. That's a lack of patience. I would gladly have dropped 10-33% and sold right along with him. Our server doesn't exactly have an overflowing population, so there are a fairly limited number of people buying these to begin with. He started with somewhere between 12 & 20 (never more than 11 at once, but I've seen his quantities rise up and down a few times), and still has 6 left. I think he sold 2 last weekend.

I am anxiously looking forward to him selling out. And yes, I'm holding my stock until then, and working on intermediate bows for skill-ups.

I was mostly kidding about the 1PP thing.

And to the person who said there's no secondary market, remember, I'm on FV. Darn near everything is tradeable, including Attunable items, after they've supposedly been attuned. So everything that both he and I have sold will likely be coming back to haunt us some day.

It doesn't really matter, I've pretty much given up on my last 11 fletching skill-ups, and at the request of a few potential clients, decided to go focus on smithing for a while. Just gotta get that next level of New Tanaan first.

[Qaladar Bragollach]

Just make the crappy cheap bows and sell them to a vendor for skill up. Its not terribly expensive.

[Baldary]

Just make the crappy cheap bows and sell them to a vendor for skill up. Its not terribly expensive.

Amen. That is exactly what I did.

Baldary

[Bobaten]

Yeah, the crappy bows give more skill up chances for the same amount of farming, if skill ups are your goal, they are the better choice.

[Ysall]

A crashed market almost invariably continues downwards until the time put in to do the combines is no longer worth the miniscule profit.

The only way a market can go back up again is if ingrediant drop rates get nurfed, or if the number of vendors is small enough for you to persuade everyone else to act in a cartel to artificially keep the prices high. Once too many are in the market (>4) you have no chance of persuading a cartel to form.

[Xodar]

But that, Ysall, is collusion and I find it distasteful, lol. Appropriate in this thread on bows, I had some folks buy 4 or 5 of my bows (handmade one at a time, I'd run log on my main and pull components from the bank). They bought them when I was selling at 75 and they were at 90. It was obvious by the number they had and the lack of other sellers that they had scooped up all the ones that were in the 75-80 range (what they were going for then) between a couple of them.

After the last bow they bought had then been restocked they actually offered to include me in their leet J.P. Morgan action, asking if I wanted to price mine at 90. I declined, and in a couple days other folks were cranking more out. I don't think they ever sold for more then 75 after that date, and certainly declined quickly. If I could have I would have hung those pixelized coins on my wall in one of those "first dollar" frames, was some of the most satisfying plat I had ever made.

I'll concede though, I pretty much despise resellers from being a tradeskiller anyhow, so ymmv.