I love when a seller keeps buying...

[Grolyn]

I remember someone a few months ago who tried to corner the market on muramite runes by buying them cheap and then selling them at 10k each. Unfortunately he ran out of money cna couldn't keep up with the supply and (back then) weak demand.

[Fox the Clever]

Ah, one of my favourite characters in EverQuest! The bazaar reseller, typically a fool with lots of money to burn, and we all know what happens with a fool and his money.

Currently on the Tribunal, there's this one guy who's buying up and trying to resell loads of various items, including items that make no sense to buy up and resell. Such as black sapphires and lava rocks. What purpose there is in buying up black sapphires, which are easy to find when vendor diving (or just plain shopping for tradeskill ingredients, for that matter), I can only guess. The same goes for lava rocks. Accordingly to EQTraders, there are only four recipes that require this item, and they are relatively easy to get, but this clown thinks they are worth 100 platinum pieces each in the bazaar! Lots of other traders with this item tend to disagree, though.

Then again, this guy doesn't come close to the stupidity of the fool who once tried to corner the silk swatch market about a month or so after the bazaar went live. This was a period of time when ceremonial solstice robes were the primary skill-up method for tailoring, and I guess he thought he would make a killing by buying up every single silk swatch he could find and reselling them. Of course, trying to corner a market in an item that could easily be farmed by even low level characters is rather pointless, but there you have it. The other traders (including me) soon caught on, and we started to feed this guy all the silk swatches we could get our hands on, keeping the price just high enough to make good money from him, and just low enough to give our regular customers a reason to come to us - and to bait the clown into buying our stock. When we ran out, we just went out and got more. In time, this guy accumulated over 2000 silk swatches - and there we all were, keeping our stacks of silk swatches just below his price, with all the regular buyers coming to us, and not him. I was grinning ear to ear when I saw his inventory of swatches swell, and I imagine so were the other savvy traders. Eventually, this guy left the bazaar and although he reappeared in the future, he never again tried the same stunt. Serves him right, the greedy fool!

[Grolyn]

There seems to be one person on Maelin who keeps buying up MDS and trying to resell at higher price. He has almost 50 in inventory but as long as at least 2 other people complete below this one and a few more MDS' come in he will not get 25k per MDS sale or maybe just one sale. Sooner or later he will run out of money trying to buy out the cheaper MDS

[Quichon]

Currently on the Tribunal, there's this one guy who's buying up and trying to resell loads of various items, including items that make no sense to buy up and resell. Such as black sapphires and lava rocks. What purpose there is in buying up black sapphires, which are easy to find when vendor diving (or just plain shopping for tradeskill ingredients, for that matter), I can only guess. The same goes for lava rocks. Accordingly to EQTraders, there are only four recipes that require this item, and they are relatively easy to get, but this clown thinks they are worth 100 platinum pieces each in the bazaar!

Dunno about the BS, but I do know that the Lava Rocks are used in Master DoN Cultural for several cultures (including Dwarven Smithing), which is a very viable skillup route for those who have undergone the quest and wish to get up to 300 without breaking the bank too bad.

It stands to reason that since Lava Rocks are only able to be farmed, and aren't really all that common, and that they are used on a skillup route to 300 smithing (one of the more obnoxious tradeskills to get that high), that they can sell for 100+ each, and buyers won't quibble much because that's still cheaper than most other options that high into Smithing.

Unfortunately for him, lava rocks are easily farmable, and you can get stacks of them easily enough clearing out SolA. They aren't usually in the bazaar because anyone can go down there and farm some stacks to do their combines

Now if only Iksar Tailoring was so easy... Great Reptile Hides are much more of a PITA to get...

[Lillanu]

Dunno about the BS, but I do know that the Lava Rocks are used in Master DoN Cultural for several cultures (including Dwarven Smithing), which is a very viable skillup route for those who have undergone the quest and wish to get up to 300 without breaking the bank too bad.

It stands to reason that since Lava Rocks are only able to be farmed, and aren't really all that common, and that they are used on a skillup route to 300 smithing (one of the more obnoxious tradeskills to get that high), that they can sell for 100+ each, and buyers won't quibble much because that's still cheaper than most other options that high into Smithing.

Unfortunately for him, lava rocks are easily farmable, and you can get stacks of them easily enough clearing out SolA. They aren't usually in the bazaar because anyone can go down there and farm some stacks to do their combines

Now if only Iksar Tailoring was so easy... Great Reptile Hides are much more of a PITA to get...

Actually, Lava Rocks are only used in EXPERT Dwarf DoN cultural..


EDIT: They are also used in Earthen Temper used in varius non-DoN dwarf cultural armors (and a dorfy shield), but I had to look that up.

[animekenji]

my tradeskilled junk and try to resell at higher profit when I have more. Someone keeps buying up my master DoN gears that I made for skillup and tried to mark them up. Since I kept most of the stuff I made so the seller would end up havimg to buy a lot of my stuff before he starts getting any profit and those gears are not stackable.

It's now a matter of when this seller realizes this and stops buying my stuff or if I'll keep making money off farmed stuff and winding up with one irate reseller.

The person buying may be a bazaar bot run by the plat farmers programmed to buy up all of a certain item whenever it appears. Hey, I say have fun with it. If you can continue to make the items and sell them for a profit, do it. The plat sellers have unlimited money at their disposal and if they want to give it all to you, let them.

[Sukrasisx]

bazaar resellers

I'm a reseller and proud of it. There's a fair amount of skill involved in understanding what the market prices are like, so I find it fun to play that game and see what I can make at it. But there are a lot of variations on the theme. The one rule I've made for myself over time is that I (almost) never buy something for resale unless I have some idea personally what it's worth. (If I see something offered for 30k, 28k, 25k, and 5k, maybe the 5k is underpriced and I can make a profit on it, but sometimes I've been burned by buying it and later seeing a flood of the same item at under 1k.)

From my viewpoint, if I buy something from you and put it up for re-sale, you already got what you were asking for it, so you should have no beef. Sure, you might put more up, and that's my lookout. I do try not to ask ridiculous prices myself, so if I bought it from you I must've thought yours were way underpriced. Even so, there was one time when a trader asked me not to buy for resale because she was trying to offer cheap practice ingredients for tradeskillers, and I respected that request, though frankly I suspect that just meant that other resellers cleaned her out instead of me. (And they probably charged higher resale prices than I was going to.)

As someone else mentioned in this thread, we're spending inventory space on these things. If you offer a Whatsis at 55k and I know I can get 65k within a week or two, well, you get your 55k now, and I have to take the risk and/or bump out other potential items because my seller is full, to get my 10k profit. And heaven knows I need that sort of profit if I'm going to pay the prices folks are charging for Othmir furs and the like!

Oh, the other strategy I like to use is using my bazaar mule as intermediate storage for tradeskill ingredients. E.g., currently I'm buying blue diamonds at around 350-360pp, which is par for bazaar buyers on my server. Sellers are asking 400-450, so I offer mine at 470. I don't really expect to sell them at that price, but sometimes someone comes through and makes a volume purchase and clears me out. (I think of it as them paying me for the work of collecting the items so they can buy them all in one place.) If nobody buys them from me, eventually I turn them into Celestial Temper, which I offer at around 650pp. (The only other person regularly offering those on my server charges 1000.) Sometimes people buy a few, sometimes they buy my whole supply and I go back to make more. And sometimes I manage to collect enough dire wolf tufts that I use the Tempers make Haversacks, which again go onto the bazaar mule until I or a friend have another character who needs a bag.

So a lot of my buying/reselling is really more a case of, I'm personally willing to have the item at your price, so if I fail to resell it I don't mind, I'll just use it myself. And some of "using it myself" is me selling my tradeskilling time, making stuff for sale, where again if it doesn't sell I'll eventually use it myself, etc.

There are some weird fringe cases, though. For a while I was making several thousand plat each weekend by converting velium. The "market rate" on Small Piece of Velium was 25pp, so I'd buy up any at 10pp or less, as well as Small Bricks up to 20pp, Large Bricks to about 35, and Large Blocks to about 60, as well as velium weapons up to about 10-15pp. I'd convert it all into Small Pieces and put it up at 20pp, and it was almost always gone before the next weekend. I never understood the prices some people were asking for their velium. E.g., someone might have Large Blocks at 50 and Large Bricks at 80. I was sometimes tempted to buy the blocks at 50, break them down into two bricks each and offer them back to the guy at 60, except I was making more by selling them as 8 small pieces at 20 each....

[tuis]

Yeah I always marvelled at how people scaled their prices for blocks/bricks/pieces.

[Ddemons Ddemise]

ok, well i had a Zekhas' Katar and a Fist of Iron from my monk, i wanted to sell them for 8k and 9k respectively.. and get teh 17k to twink my new ranger..
after hours upon hours of auctioning i get an offer that isnt a joke..
im not one to haggle much so they say '5k for the katar" i say "6.5k and its a deal" ..
i keep auctioning along and i get "5k for the fist" im like "6.5k is the min i would take for it" and i suddenly have a trade window with 6.5k in it..
i camped to twink out ranger.. logged back in.. and sure enough.. Fist of Iron sitting on a trader for 20k and Zekhas' Katar sitting on another one for 9k ..
GL to them selling them that high XD

[blueblackred]

resellers

Resellers can be a huge source of entertainment.

A looong time ago when Tae Ew chain gear was first coming out I made some of the first that hit the bazaar. I had about 18 tunics for sale and someone asked if they could buy them all to equip his guildies. I thought wow what a nice thing to do. Of course those items were up on his trader just minutes after our transaction was complete, with a hefty mark up. I went back and farmed more materials and came back a few hours later with just as many of the same product at my original price.

I kept an eye on that reseller for weeks, while I sold many of mine and adjusted my price to be sure I was selling for less he never did make a profit and eventually accused me of ruining the market on Tae Ew items.

Oh the irony !

[Grolyn]

Someone just bought up nearly 200 wolf V pots and tried to resell for 5 plat profit but it's easy for me to make some more. Not only me but 2 or 3 other shammy sellers would have to either run out or log out before this reseller starts selling any and would have to sell at least 150 to recoup the cost of buying them in the first place.