Author Topic: And this is why Auctions fail hard. (Read 2375 times)

polkafranzi · « **Reply #15 on:** May 09, 2012, 04:48:24 pm »

Quote from: CountBerenger on May 09, 2012, 04:40:56 pm

Unoriginal ye derp! Now stop going off topic. We talking about this hilarious man.

Who me?

(click to show/hide)

MrShine · « **Reply #16 on:** May 09, 2012, 05:05:00 pm »

As a seller, I would never put anything on the auction house because no one will actively buy something for higher than the lowest offer of that item on the market. One exception would be if someone places a high bid on your item, and then that same item pops up for cheaper on the market later. They can't retract their bid and no one else would overbid them so they're stuck.

As a buyer, I love the auction house because you might be able to get a bargain. Of course you'll have to keep this silly 5% tax in mind if you wish to resell it...

Leshma · « **Reply #17 on:** May 09, 2012, 06:44:23 pm »

1.25 mil seems cheap for MW Danish GS...

bosco · « **Reply #18 on:** May 09, 2012, 06:46:55 pm »

Selling DGS at the moment is asking to lose loadsa money, I'd rather keep it locked somewhere than sell it.

MrShine · « **Reply #19 on:** May 09, 2012, 07:10:29 pm »

The +3 MW Danish up right now is going for ~1.22 million.

To resell you would need to list at 1.28 million just to break even. The profit margin is practically nonexistent.

Another reason the 5% tax is dumb.

Leshma · « **Reply #20 on:** May 09, 2012, 07:13:42 pm »

You can exchange it for something equally good. Why does everyone think that main purpose of marketplace is making money by reselling stuff...

MrShine · « **Reply #21 on:** May 09, 2012, 07:20:23 pm »

cuz it is

Leshma · « **Reply #22 on:** May 09, 2012, 07:21:53 pm »

Nope.

Fluffy_Muffin · « **Reply #23 on:** May 09, 2012, 07:22:52 pm »

Lol Okin you buying everything from the auction?

okiN · « **Reply #24 on:** May 09, 2012, 07:40:08 pm »

Yeah, I made both of those bids last night without really thinking about them, but actually due to the tax it'll probably take me a while to even make my own back. Going to have to be more careful about what I buy from now on.

Quote from: Leshma on May 09, 2012, 06:44:23 pm

1.25 mil seems cheap for MW Danish GS...

It's really not, I overpaid.

Leshma · « **Reply #25 on:** May 09, 2012, 07:52:03 pm »

So prices are going down.

Last time I bought a proper weapon, Miaodao was cheapest by far with 1.2 mil price tag. Danishes were 1.4 mil gold.

Herkkutatti · « **Reply #26 on:** May 09, 2012, 08:01:31 pm »

Danishes never were 1,4m

okiN · « **Reply #27 on:** May 09, 2012, 08:04:23 pm »

The going rate is 1.3M, so that's what I'm selling it for. It'll allow me to get back what I spent on the auction.

Mlekce · « **Reply #28 on:** May 09, 2012, 08:04:48 pm »

i remember 2 moths ago +1 danish gs was arround 500-600k. moust wanted item. Now you can't sell it for 400k. +3 barely 1.3.

okiN · « **Reply #29 on:** May 09, 2012, 08:10:34 pm »

It's not that bad, I sold a +1 Danish for 450k a week or so back.

Author Topic: And this is why Auctions fail hard. (Read 2375 times)

polkafranzi

Re: And this is why Auctions fail hard.

MrShine

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Leshma

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bosco

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MrShine

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Leshma

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MrShine

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Leshma

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Fluffy_Muffin

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okiN

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Leshma

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Herkkutatti

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okiN

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Mlekce

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okiN

Re: And this is why Auctions fail hard.