Limit Auction House Pricing

[Lleren]

The Auction House is out of control.

It is being flooded with a number of items listed at ridiculous prices and some hard rules need to be set in place.

1. Starting bid should be no more than the item's base value.
Just a good starting point for an item that a player wants to sell.

2. Buyout should be no more than double the items base value.
Get rid of the ridiculous buyouts so that players have a better chance of finding an item at a reasonable price. If the player that lists the item really wants an exuberant amount for it, they should take their chances and hope that it sells high without the buyout option. If it doesn't fetch what they want, then they shouldn't have posted it to begin with.

3. Eliminate the Auction House fees.
With the limitations in place, it will no longer be necessary to help regulate character income and the coins found in chest will once again have value.

1) If a player will pay the price, then it is a good price.

2) See answer to point 1

3) This is the main plat sink in the game. Plat sinks are needed or we would have even more inflation then we do now.

[Horrorscope]

Here is the rub... What you think is "fair" might not be what I think is "fair"....

Correct that is why it would be Turbine's fair. We only need one entities fair. lol

[Horrorscope]

Enjoy your socialist utopia, it doesn't work once you leave your University protest march.

Actually **** near anything could work. It's corruption that fails all systems.

[DarkThoughts]

I am new to the game having only played a few months, but my Toons are not poor. Between the three of them, I have over 100K Platinum and I got all of it by selling items on the auction house, general vendors and brokers. My auction house prices usually start at half of the base value with a buyout very close to the full base value. I have sold a few items on the auction house for slightly higher rounding the numbers off to an even platinum amount. For example, if an item was worth 128.000 Gold 8 Silver and 4 Copper, I would most likely set the buyout around 130,000 Gp.

If you go back and read my original post, you will see I only suggested putting a limit on the Buyout price. There is no reason a player couldn't post a Ring of Feathers (For example) for 1,001 Gp and sell it for 1,000,000 Gp as long as somebody was willing to pay that for it. They just couldn't post a buyout for that amount. After 72 hours, if the ring sold for 1,000,000 Gp, then that's what it was worth. If it sold for 1,001 Gp, then that's what it was worth. If a seller is sure that an item is worth millions of gold, then they shouldn't have any problem listing them at base value to start with and waiting 72 hours to claim their payment. The only reason one might be hesitant is that glimmer of doubt that tells them that their Spectral Gloves might not be worth 12,000,000 Gp after all. How would they survive is the gloves they found in a chest only sold for 50,000 gold?

[rest]

That's ridiculous. I wish I had the ability to rate you down for posting such an asinine idea.

[Lorien_the_First_One]

I am new to the game having only played a few months, but my Toons are not poor. Between the three of them, I have over 100K Platinum

That qualifies as poor in this game lol. People have begged for the 4.2mil plat/character limit to be raised. Maybe your relative lack of wealth is why you don't see the prices are reasonable.

and I got all of it by selling items on the auction house, general vendors and brokers. My auction house prices usually start at half of the base value with a buyout very close to the full base value. I have sold a few items on the auction house for slightly higher rounding the numbers off to an even platinum amount. For example, if an item was worth 128.000 Gold 8 Silver and 4 Copper, I would most likely set the buyout around 130,000 Gp.

I won't even post for less than the base price, its just not worth it. I have a high haggle bard who sells things with over 10K plat base price, everything lower goes to the nearest vendor. The difference between base price, less AH fee, isn't that much above my bard haggle price to be worth the effort of AHing for less.

And what exactly do you think a large scale would be worth? Would you sell it for base value? If so I want to be your new best friend. How about a silver GEOB greataxe of pure good?

[Memnir]

If you think an item is overpriced, and is not worth the asking price - I have a wild and crazy suggestion.


Don't buy it.



There, now the problem is solved and we can all move on with our lives.

[Lleren]

If you go back and read my original post, you will see I only suggested putting a limit on the Buyout price. There is no reason a player couldn't post a Ring of Feathers (For example) for 1,001 Gp and sell it for 1,000,000 Gp as long as somebody was willing to pay that for it. They just couldn't post a buyout for that amount. After 72 hours, if the ring sold for 1,000,000 Gp, then that's what it was worth. If it sold for 1,001 Gp, then that's what it was worth. If a seller is sure that an item is worth millions of gold, then they shouldn't have any problem listing them at base value to start with and waiting 72 hours to claim their payment. The only reason one might be hesitant is that glimmer of doubt that tells them that their Spectral Gloves might not be worth 12,000,000 Gp after all. How would they survive is the gloves they found in a chest only sold for 50,000 gold?

The Auction House is out of control.

It is being flooded with a number of items listed at ridiculous prices and some hard rules need to be set in place.

1. Starting bid should be no more than the item's base value.
Just a good starting point for an item that a player wants to sell.

2. Buyout should be no more than double the items base value.
Get rid of the ridiculous buyouts so that players have a better chance of finding an item at a reasonable price. If the player that lists the item really wants an exuberant amount for it, they should take their chances and hope that it sells high without the buyout option. If it doesn't fetch what they want, then they shouldn't have posted it to begin with.

From these quotes I would say that you did indeed suggest limiting the cap on both posted minimum price, and buyout price.

You have a bad assumption in both 1 and 2. Namely that everything placed on the auction house is for the purpose of wanting to sell, or at least sell quickly.

Some other reasons folks place things on the auction house.

1) Mail banking. A short term strategy.
2) Sell it for a high price, eventually. A long term strategy
3) Sell it for a high price, or use it on an alt. This is a good item for my alt, but if I can get X times 1000 plat for it then I'll take that offer. A minimizing loss strategy, rather long term.
4) Sell it for Cost+. I paid X for this item to use on my alt. Now that I am done with it I am going to recoup my cost. another long term strategy.
5) Get this out of my bags for now, I'll spend the time to reprice later. A short term strategy.
6) I don't know the value of this item, I'll price it high for now. A searching strategy.

[Hokiewa]

I am new to the game having only played a few months, but my Toons are not poor. Between the three of them, I have over 100K Platinum and I got all of it by selling items on the auction house, general vendors and brokers. My auction house prices usually start at half of the base value with a buyout very close to the full base value. I have sold a few items on the auction house for slightly higher rounding the numbers off to an even platinum amount. For example, if an item was worth 128.000 Gold 8 Silver and 4 Copper, I would most likely set the buyout around 130,000 Gp.

If you go back and read my original post, you will see I only suggested putting a limit on the Buyout price. There is no reason a player couldn't post a Ring of Feathers (For example) for 1,001 Gp and sell it for 1,000,000 Gp as long as somebody was willing to pay that for it. They just couldn't post a buyout for that amount. After 72 hours, if the ring sold for 1,000,000 Gp, then that's what it was worth. If it sold for 1,001 Gp, then that's what it was worth. If a seller is sure that an item is worth millions of gold, then they shouldn't have any problem listing them at base value to start with and waiting 72 hours to claim their payment. The only reason one might be hesitant is that glimmer of doubt that tells them that their Spectral Gloves might not be worth 12,000,000 Gp after all. How would they survive is the gloves they found in a chest only sold for 50,000 gold?

1) you are very poor....
2) under your system the ah would be bare....People would simply move items to forum/guild trade.
3) explain your reasoning for this "change".....other then you cant afford higher end items?

[Gorstag]

OK, I just pulled a +5 wounding of puncturing rapier, no race requirement. So your saying I should only be able to sell it for about 35000 plat at max. Just because your new and broke there is no reason for some of us to be hurting. Between my toon I have an estimated worth of around 9,000,000 plat. If what our wanting to happen does indeed go into effect that would be worthless as I would spend a mere million plat (It's really not that much) and have everything I ever wanted to have in the game. Dude, perhaps you should do afew loot runs, plat is insanely easy to come by.

[DarkThoughts]

OK, I just pulled a +5 wounding of puncturing rapier, no race requirement. So your saying I should only be able to sell it for about 35000 plat at max. Just because your new and broke there is no reason for some of us to be hurting. Between my toon I have an estimated worth of around 9,000,000 plat. If what our wanting to happen does indeed go into effect that would be worthless as I would spend a mere million plat (It's really not that much) and have everything I ever wanted to have in the game. Dude, perhaps you should do afew loot runs, plat is insanely easy to come by.

Maybe I should. Thanks to everyone who responded with some semblance of maturity.