Red Side Miracle +Recov Lvl 30 Recipe
By
AgentMountaineer,
Posted on: 2009-06-21 07:22 in The Market and Inventions
I bid 14,200,212 infamy.
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I bid 14,200,212 infamy.
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I bid 14,200,213 infamy 
Either way, the OP's asking price is ridiculous (whether people bid that much or not). Good luck.
[CENTER][U][COLOR=#22229c][URL="http://cit.cohtitan.com/character/53024"][IMG]http://avatars.cohtitan.com/signatures/cit/u53024.png[/IMG][/URL][/COLOR][/U][/CENTER]
[CENTER][SIZE=1][COLOR=white]The #1 True Villain badge collector on Infinity.[/COLOR][/SIZE][/CENTER]
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I bid 14,200,213 infamy
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Either way, the OP's asking price is ridiculous (whether people bid that much or not). Good luck.
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Look at the prices for level 50 LoTGs. And people buy FIVE of those.
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
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Just posted on the BM with a list price of 98,101,101
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I have a similar one up for 50m...been up for like 3 weeks and hasn't moved an inch. I'm gonna just use it, once I pick my main.
D
Just sold for 100 million, was on the BM for about 8 hours
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the OP's asking price is ridiculous
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I agree. It should have been 150 million.
The only people that say it's ridiculous are the ones that want to buy it for cheaper so they can turn around, flip it and sell it for 100 mil inf.
Or want to buy it for cheaper and use it.
Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.
So you think you're a hero, huh.
@Boltcutter in game.
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Just sold for 100 million, was on the BM for about 8 hours
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the OP's asking price is ridiculous
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I agree. It should have been 150 million.
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Aaaaaaaaand another fool and his money are soon parted.
Just because someone actually bought it, doesn't make your asking price any less ridiculous... it just makes them dumb 
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[CENTER][SIZE=1][COLOR=white]The #1 True Villain badge collector on Infinity.[/COLOR][/SIZE][/CENTER]
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Aaaaaaaaand another fool and his money are soon parted.
Just because someone actually bought it, doesn't make your asking price any less ridiculous... it just makes them dumb
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I disagree.
Suppose I had posted the recipe for 1,000 inf, with the goal being to sell it to someone that could use it quickly. It would have sold immediately, to one of the 30 or so "low-ball" bids that were placed to (I presume) buy recipes at low prices and flip them.
The result in this case would have been that the recipe ended up in the possession of a "flipper", and *they* would have sold it for a very high price. No good for me (I don't make any inf) and not good for someone that simply wants to slot in their toon (it just gets relisted at a higher price)
Now consider the other extreme. Suppose I priced it at 500 million, clearly outside the range of the other bids. It would have languished for weeks (maybe months, maybe even forever). It certainly would not have been any value to me, it would have been tying up a market slot. And it wouldn't provide value to anyone that wanted to use it, because it hadn't sold.
So then the mythical "fair" price, that is neither ridiculous on my part for listing, and neither dumb on the part of the buyer for paying, is somewhere in between 1,000 inf and 500 million inf.
But where is that fair price? How can I both provide utility for me ( I get inf) and utility for the buyer (they get to slot a recipe they want).
The solution I have personally decided to use is to "price for a week" - that is, to list the recipe at a high enough price that it is likely to remain listed for at least 3 days, but will almost certainly sell within 7 days.
Granted, it's more art than science, more guesswork than anything else, but it makes me feel as if I have gotten maximum utility out of the sale, while at the same time provided the "availability" of the recipe to the largest possible audience of potential buyers. That is, everyone that logs on within 7 days has the opportunity to view the listing and apply their own utility function to the price they are willing to pay.
I personally would much rather have recipes available at a high price, than no recipes available at all. At least then, as a buyer, I can make a decision whether to purchase or not.
So, I don't think my listing price was ridiculous at all, and I certainly don't think the buyer was dumb. And I hope, whoever they are, they have many happy days of increased recovery rate by the recipe they purchased today.
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Just because someone actually bought it, doesn't make your asking price any less ridiculous...
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yes it does.
a price realized defines the value of the item.
The fact that it sold so quickly implies the asking price was still below 'real' market value, i/e what people are willing to pay.
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
Its also freaking play money.
The player will get more.
When something good happens to me, I can never enjoy it....
I am always too busy looking for the inevitable punchline...
BEHOLD THE POWER OF CHEESE!
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Its also freaking play money.
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That too.
=D
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
lmao at nethergoat's sig.
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Aaaaaaaaand another fool and his money are soon parted.
Just because someone actually bought it, doesn't make your asking price any less ridiculous... it just makes them dumb
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I disagree.
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Actually, neither of you have enough evidence to draw conclusions. One transaction is not statistically significant. Maybe the price was ridiculous and a lunatic happened to come along or maybe it was reasonable and multiple buyers were competing for it.
The OP's transaction might have been luck or shrewd marketeering. There's no way to tell. Actually, there is. Watch that item over the course of time. But one transaction tells us nothing.
Paragon City Search And Rescue
The Mentor Project
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Aaaaaaaaand another fool and his money are soon parted.
Just because someone actually bought it, doesn't make your asking price any less ridiculous... it just makes them dumb
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I disagree.
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Actually, neither of you have enough evidence to draw conclusions. One transaction is not statistically significant. Maybe the price was ridiculous and a lunatic happened to come along or maybe it was reasonable and multiple buyers were competing for it.
The OP's transaction might have been luck or shrewd marketeering. There's no way to tell. Actually, there is. Watch that item over the course of time. But one transaction tells us nothing.
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0 for sale, sold overnight?
I'd consider that sale a strong indicator.
Anything with 0 for sale is undervalued, whatever the 'going rate' is....an insight that's earned me vast piles of inf.
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
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0 for sale, sold overnight?
I'd consider that sale a strong indicator.
Anything with 0 for sale is undervalued, whatever the 'going rate' is....an insight that's earned me vast piles of inf.
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No doubt you also factored in the gaps between the last 5 sold and the number of outstanding bids. Zero for sale with many bids would indicate that the last 5 may be undersold. On other hand, 0 for sale with 0 outstanding bids means that there is no demand for the item and so the value is probably fine where it is.
And there's your fundamental marketing principle for the day.
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On other hand, 0 for sale with 0 outstanding bids means that there is no demand for the item and so the value is probably fine where it is.
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Not necessarily, especially red-side.
I'll list recipes with 0 bids, if it seems 'good' to me based on type and bonuses. And I've sold plenty for some decent profits.
I mean it's not a great sign, but it isn't a death sentence either.
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
Could also have been as simple as a slipped finger on a 10 mill bid.
Like none of us have ever added an extra 0 to a bid. 
Never.
"I do it better than anybody you've ever seen do it.
The screams from the haters, it's got a nice ring to it.
I guess every super hero needs his theme music .."
I've occasionally added digits, but never for anything expensive.
Anything over 10 million I double check before clicking.
The Nethergoat Archive: all my memories, all my characters, all my thoughts on CoH...eventually.
My City Was Gone
Just posted on the BM with a list price of 98,101,101