Price estimation is tough business. To save time, people would generally over-price their items, and as they don't sell they would lower the prices more and more until the item sells (or if they're stupid, might just leave it at the high price). Once an item is listed for a low enough price, it sells pretty fast.
Sure if you don't know the price you could just let people bid on it, but due to 36 hour auctions and general laziness and desire for instant gratification, most people don't engage in the bidding scene, and thus items that sell via bidding sell for lower prices than they could have been sold for with a proper buyout price. This, combined with the fact you can just try different buyout prices until the item sells, makes people not want to list items for bids as they want to get the most gold out of their items.
Since bid-able items are not common and items with proper buyouts disappear quickly, you end up seeing mostly items with both minimum bid and buyout prices much higher than what anyone in the world is willing to pay. It's not the economy that is messed up, it's just that those are the items that stay on the AH for you to see.
A good fix from Blizzard is to make bidding more user-friendly, so people don't have to play with the buyout price to sell their item for good value. This would be hard to do, though, as 2 hour auctions may hurt the seller twice - Once for losing competition due to less people seeing the item, and twice due to people not willing to wait 1-2 hours to see if they won the item. Therefore I'm not even sure there is a solution.
In any case, the only way for you, as a player, to deal with this: Either constantly scour the AH for good deals that just got listed (time-consuming but potentially extremely profitable), or just do 1 search every 24-36 hours for items that have a low enough current bid that are worth bidding on, and then wait for the last 5 seconds to place your bid on them. With bidding you will at most pay 5% more than what another person was already willing to pay, rather than an overpriced buyout price that absolutely nobody is willing to pay (as if someone was willing to pay it, the item would have sold and you would not have even seen it in your search).
If you have a problem selling, rather than buying, then still, understanding the above will help you understand why what you think is a good price to list your items at is actually overpriced.
- Lutzy
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Oct 29, 2012GalZohar posted a message on AH Pricing Too High or Broken Economy?Posted in: Diablo III General Discussion
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arkhe posted a message on Afraid that WW sucks in 1.05 ?! DONT !What this video missing are two things:Posted in: Barbarian: Bastion's Keep
1- Show us how godly your gear is. I suspect you have to use mighty weapon with high enough overall DPS to keep fury generation high and survive. With the new changes, the build becomes very gear dependent.
2- Instead of gathering all monsters together where it is easy to maintain WotB, do a regular farm route and show us if you are able to keep your WotB between packs.
This video is no proof for 'do not fear', the real challenge will be keeping WotB up between packs and the refresh rate of WotB. Sure you can still spin around a large group of monsters, but the real power of current WW spec is that you can keep WotB up %100 with mediocre gear. -
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Atrumentis posted a message on I've defeated the Error 37 boss!After a while the word 'credentials' just becomes 'genitals"Posted in: Diablo III General Discussion -
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TheAchoo posted a message on I've defeated the Error 37 boss!I'm awful at this game, i'm only just now installing!Posted in: Diablo III General Discussion -
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Tinyhell posted a message on I've defeated the Error 37 boss!But I can't down the character creation boss. The request to create character keeps timing out.Posted in: Diablo III General Discussion
This game really IS hard!
:-P -
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Maerlimi posted a message on The Where are you and what level atm threadlvl0, 3 hours to goPosted in: Diablo III General Discussion -
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Shikatsu posted a message on Horrific...Internet troll detected.Posted in: Diablo III General Discussion
- Compare D3 to WoW; Check
-Throw in insults because people don't agree with you; Check
-Come to a Diablo Fansite bashing the game it's dedicated to; Check
Move along people there's nothing to see here. - To post a comment, please login or register a new account.
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