Selling for 1 inf


Ironblade

 

Posted

Howdy folks! I have a question about selling items on the market. If I sell an item for 1 inf, will the highest bidder get the item, or the lowest bidder above my posted price?

I've been selling LotG's for 1 inf, and I've made around 140mil each time, so I'm guessing that the highest bidder gets it. Can someone please clarify this for me?


 

Posted

I'll answer your question in just one moment. just making a few bids of 5 inf atm...


-----------------------
@spyder-

Spyder's Flame: Fire/Therm Corr- Main
Countless Alts

 

Posted

Thanks Ironblade! That's what I thought. I figured I'd ask because some people in the help channel on Virtue were saying otherwise.

lol Spyder


 

Posted

Note that the highest current bidder is matched with the lowest current seller. If you post for 1, you will get the highest offer from someone patiently waiting for something to come in at a low price. Some time ago, someone posted in here about scoring a LotG +recharge for 1,111 Inf.

Be careful about posting valuable items for only 1 inf.


@Roderick

 

Posted

Quote:
Originally Posted by Roderick View Post
Note that the highest current bidder is matched with the lowest current seller. If you post for 1, you will get the highest offer from someone patiently waiting for something to come in at a low price. Some time ago, someone posted in here about scoring a LotG +recharge for 1,111 Inf.

Be careful about posting valuable items for only 1 inf.
Quoted for truth. Bear in mind that if you see, for example, 50 items for sale and 50 people bidding, what that means is at this precise moment, 50 people are bidding below the sale price of 50 other people.

Or it might even mean 1 person has 50 bids in at a price below the sale price of 1 other person with 50 of the item for sale.

The important thing is, you might have 50 items for sale at 50 million influence each, and 50 outstanding bids trying to buy the same item for 50 thousand influence each. And in that case, you offer one of these items for 1 influence and it will sell instantly for 50 thousand. But if you happen to list it for 51,000, it will sell to the next person who decides to offer more than that... and they might well offer 50 million.

Finding the sweet spot between "nobody has outstanding bids this low" / "nobody else is selling theirs as low as this" and "anyone who bids this high is likely to bid a lot higher rather than bid creeping" is the essence of how marketeers make their money. ^_^

But on heavily in-demand items that always have lots of bids out (say, an Apocalypse triple with none for sale at the moment), you can almost be assured of getting a good price even if you list for 1 influence. Almost. ^_^



my lil RWZ Challenge vid