wont sell

I posted an Item on the BM about 5 days ago and it hasnt sold, however I see that the same item has been selling for the same price and even more as the days go by. Is there a reason for this?

Other people are listing for less than you listed.

If you list (for example) a Kinetic Combat triple for 165 million, but there are thirty other people listing their for 160 million, you might see it consistently selling for 170 million, more than you listed it for, but you would not be getting any of the sales. Sale goes to the lowest listed item at whatever price the buyer bids it at (assuming the buyer bids higher than the lowest listed price).

I dont get the part where u say i might be seeing it sell for 170 million more.. why would i be seeing it sell for more when mine is listed for less?

because people are buying it for the buy it now price instead of bid creeping. no one ever accused buyers of being patient or frugal - if they were all the marketeers would be out on the streets.

many people go in, see the last 5 listed prices and just bid the highest, or even higher to ensure that they get it then without having to rebid. i recently did the recipe memorizations on a toon and the level 50 common IOs i put up for 5 inf all sold for between 250k and 1.5 million - people really just hate bidding twice.

The way the market works is this:

The last 5 prices listed are what buyers actually paid for an item.
You also see the current number of items listed for sale, and the current number
of bids for those items (that are not high enough to actually buy one).

What you cannot see is the price the items for sale are actually listed at.

So, let's take a simple example: Say, Circuit Board (common salvage).

So, here's a typical last 5:

Code:

 
55000    Listed: 140
55000    Bids: 22
55000
100000
100000

Now you come along with a Circuit Board, and say "hey, I can probably
get 55,000 for it", so you list it for that.

Then, Organica comes along and lists his Circuit Board out there for 11.

Now, I come along and I *really* want a Circuit Board NAO, and I'll even overpay
for it.

So, I throw out a 75,000 bid, and sure enough, I get one... But who's?

I actually get Organica's because Highest Bid buys Lowest List when Bid > List.

Yours at 55000 was more expensive than his at 11, so my 75,0000 got his.

Now, the new history looks like this:

Code:

 
75000    Listed: 141
55000    Bids: 22
55000
55000
100000

...and you're left wondering why yours didn't sell to the 75,000 bid...


Regards,
4



Edit: Amended to make Grouchy happy...

I make money even when I'm not doing anything.

I do a lot of antiflipping, which is to say, I buy stuff for more than 1 inf, and list it at 1. Sometimes 1-2 hundred things.

So I have 150 of something up for 1 inf. And someone bids 50k, and they get one. You see that they sell for 50k, so you list yours at 45k... But I still have 149 of them up for 1 inf. Mine will sell first for whatever prices people choose to bid...

It's pretty trivial to test -- I haven't tried it in a few months but I doubt the mechanics have changed. But I noticed it when I put some salvage for sale at 1 inf, and despite there being outstanding bids (by definition at one or higher) my offers joined the queue rather than sold instantly, which I had thought to be impossible! Later I was able to replicate it from the opposite side (One character locks the market at one. I log onto another character and offer at one. It does not sell to the bid, but joins the sell queue.) I'm pretty sure I bugged it when I first figured it out, but it seems to be a mostly harmless glitch, since it only seems to occur when a single character has both bids and offers at 1 inf. I used it when I was working on sales badges to guarantee that I would be first in queue to sell things at one.

Give it a shot and let me know if it has changed!

I asked a similar question a while ago, because I had a Crushing Impact listed for 3.1m and the last 5 was 10m, 10m, 5m, 5m, 5m. I found it hard to believe that a bunch of people were not even TRYING any number between 3m and 10m... but that's what was happening.

http://boards.cityofheroes.com/showthread.php?t=252634

Roderick buys out like 40 of them to test it.