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It looks like he lowballed on recipes then vendored them. That would be why he has bids on glimpse of the abyss, i would think.
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Actually, I did some of that early on with standard IO recipes, but that's not why I'm bidding on Glimpse of the Abyss. I actually craft and slot those.
Most of my influence was made in buying set IO recipes, crafting them, and selling the enhancements. Over time, I've worked through a variety of level 50 recipes and a few that max out at 40.