why doesn't my item sell?


Aitchuu

 

Posted

I thought I understood the mechanics of the market when it was introduced, but now I am questioning myself.

I have had a crafted invention "Edict of the Masteramage" on the market for over a month, asking 2 million. The I see there are two for sale and two bidders. But the last 5 sales within the last 20 days are all over 2 million.

I thought the lowest priced item sold first for whatever offer was higher than asking price, when there is a tie the earliest posted sells. Am I mistaken?

Perhaps people are just offering extrememly high prices for this item when all the sellers are asking much less. I find that foolish.

Anyone have an explaination that I have missed?


Bioblast- Metabolically Enhanced Flying Energy Projector

 

Posted

someone has it listed for less then what you are asking.


 

Posted

someone's probably crafting and listing them at 1.99 million... or 1.88... or whatever they think is going to get rounded up to 2 million. My guess is it's above 1.8 million because it's consistently going for 2, and if you do, for instance, 1.601 you're going to get someone bidding 1.75 or 1.8 eventually.

Someone told me once, "never list or bid an even number." Ego's Shadow, I think.


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Posted

If there are other levels of the enhancement available, people will try to get a better deal bidding different levels. In general, if certain recipes/enhancements are not in great demand, there is quite a sizable downward pressure on the price because of it.


 

Posted

[ QUOTE ]
Someone told me once, "never list or bid an even number." Ego's Shadow, I think.


[/ QUOTE ]

Someone ( I think it was you ) told me the same thing.

Only time I bid an even number is if I want it now and even then i end in an 8...


 

Posted

[ QUOTE ]
I thought I understood the mechanics of the market when it was introduced, but now I am questioning myself.

...

I thought the lowest priced item sold first for whatever offer was higher than asking price, when there is a tie the earliest posted sells. Am I mistaken?


[/ QUOTE ]

Ties are stranger than you think, but otherwise that sounds right. It could be a bug or a glitch, or it could be that you're consistently undercut. You could try buying one for 1,999,999 just to see if the others listed are below yours, but of course you'll lose money on it.


Avatar: "Cheeky Jack O Lantern" by dimarie

 

Posted

Also, I almost gaurantee, that as soon as you do delist it, and reset the price, it will:
1) sell. Someone will likely also get the slightly lower price off you too. ( you list it for 1.88 mill, and they'll bid 1.9 mill and get it)

2) There will be a flurry of activity on the IO and it will be selling for even more than what you asked.


Murphy's law affects the market too.

I'd sit on it a little longer, unless you desperately need the slot and money.


 

Posted

Listing any item for sale is a bit like playing that first bit of "The Prices Is Right" - you have to figure out a guess-timate of what to list your item at - nearest the Sale/Bidding price "without going over"...
You'll probably get a 'feel for it' eventually, you can practice with salvage to begin, with much less Inf at stake if you happen to 'flub-up' at first.


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Posted

[ QUOTE ]
someone's probably crafting and listing them at 1.99 million... or 1.88... or whatever they think is going to get rounded up to 2 million. My guess is it's above 1.8 million because it's consistently going for 2, and if you do, for instance, 1.601 you're going to get someone bidding 1.75 or 1.8 eventually.

Someone told me once, "never list or bid an even number." Ego's Shadow, I think.

[/ QUOTE ]

Yup, thats what I do. If something is selling for 2,000,000 then I list it for 1,999,999. Depending on the last 5 that sold.


 

Posted

Because players like me would rather play the game than the market. When I take a break to empty my bags of loot and craft 'extra' recipes that I intend to dump on a market - I make a quick note of what it cost me in influence to make. Since I'm talking random recipe drops with salvage I just happen to have, my only cost is crafting. Adding the 10% guarantees me a small profit for my time, and I don't have to waste time trying to interperate the last 5 buys against the bids and availables. Market 'value' has the price way over what I'm gonna ask, so I'll sell almost instantly for far more than I wanted (your error). There seems to be plenty of other people who don't want to waste time at the market, and start making offers based on the last bid given. There are times I have doubted the wisdom of my approach - finding that there are zero buyers and zero sellers for an item I want to sell, the last sale was for 750k but that was 5 days ago, and my plan is to ask 80k. But, amazingly enough, it'll sell for 650k - and presumably the buyer thinks he got to 'keep' 100k.
I use the same logic as a buyer. Knowing what the recipe cost you (nothing - but I'll credit it 25% of the crafting price), what the salvage cost you (again nothing - but I'll credit you 250, 1000, or 5000 - the book value per), and what the crafting cost is (and woe to me if its a thing you've memorized to reduce the crafting cost). To that I will add 10% and place my buy. I feel that's a generous offer, but it won't come anywhere near your 2 million request. Which is why, as a buyer, you'll rarely see me in the finished goods ailse.


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Posted

It can be tough sometimes. I still have a Regenerative Tissue +Regen enhancement that I'm hoping sells. Unfortunately it appears there are several people all selling the same level Enhancement. 6 bidders, 4 sellers, and they just sit there. I thought it would sell quickly, since two of the last 5 sales were for 60 mill and 80 mill.

Live and learn. If it doesn't sell in a few levels, I'll just slot the dang thing. ;-)


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Also, my memory's not as sharp as it used to be.

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Posted

I`m finding it much harder to sell things quickly in the BM, in WW i never had this trouble.


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Posted

I just sell everything cheap. Sometimes at steep discounts where I only make maybe 10% - 15% profit. I consider getting the going rate a bonus.

With AE, I have more recipes than I know what do with anyway, so I'd rather have high turnover rather than trying to eke out the maximum price for each item. That goes for LoTGs, Miracles and anything else. It bothers me not one bit that someone will flip something I sell. I figure they earned the profit for sitting on that item until it sells.


 

Posted

[ QUOTE ]
[ QUOTE ]
someone's probably crafting and listing them at 1.99 million... or 1.88... or whatever they think is going to get rounded up to 2 million. My guess is it's above 1.8 million because it's consistently going for 2, and if you do, for instance, 1.601 you're going to get someone bidding 1.75 or 1.8 eventually.

Someone told me once, "never list or bid an even number." Ego's Shadow, I think.

[/ QUOTE ]

Yup, thats what I do. If something is selling for 2,000,000 then I list it for 1,999,999. Depending on the last 5 that sold.

[/ QUOTE ]

I can say for sure that if there are several for sale, dropping 1 inf on a 2 million last 5 will not be low enough to get the next sale.



@Catwhoorg "Rule of Three - Finale" Arc# 1984
@Mr Falkland Islands"A Nation Goes Rogue" Arc# 2369 "Toasters and Pop Tarts" Arc#116617

 

Posted

[ QUOTE ]

I can say for sure that if there are several for sale, dropping 1 inf on a 2 million last 5 will not be low enough to get the next sale.

[/ QUOTE ]

I list thing with flippers in mind.

Pick a price high enough to avoid their lowball bids, but low enough to undercut their asking price.

Make them work for you.


The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.

My City Was Gone

 

Posted

[ QUOTE ]
[ QUOTE ]

I can say for sure that if there are several for sale, dropping 1 inf on a 2 million last 5 will not be low enough to get the next sale.

[/ QUOTE ]

I list thing with flippers in mind.

Pick a price high enough to avoid their lowball bids, but low enough to undercut their asking price.

Make them work for you.

[/ QUOTE ]

When I'm feeling mean, I watch the bid history and then buy or sell for exactly 1 inf more than the flipper is buying at. Actually, I do that when I'm not feeling mean too.


Avatar: "Cheeky Jack O Lantern" by dimarie