Just an idea but I think it's time to put a stop to outrageous pricing on the gold AH. It's just out of hand. I've seen new legendary items up for 2 Billion gold. First of all, that won't sell because nobody that plays the game in a legit fashion could afford it. Second of all, the person that can afford it most likely doesn't need it. EPEEN is no excuse.
The average player may go to the auction house after saving up gold and buy a new weapon for 10-15 Million because it increases DPS by 2000 or add a good amount of LoH but listing a weapon for 100 Million + just because it has a socket and 40% crit dmg is ridiculous. The gap between good items and great items is way too large.
I propose that we should come together and start listing items at lower prices as a whole to bring the market down. I personally have already cleared Inferno on my Monk and leveled all 5 classes to 60 so I'm not in any rush to buy many upgrades but I know that there are a lot of people out there that need upgrades to clear inferno.
Also since I list my items at much lower prices, they sell super fast and I make a good deal of gold anyway. I know that if more people lower their prices to a reasonable level I will make less gold per item that I sell but in turn the items I buy will be less expensive so I won't need as much gold. I also know that Gems aren't going to come down since they are expensive to make but every other item should.
Lets all get together and bring the prices down!!!
/yawn
I dropped 10 mil on a 1150 DPS 45% windforce. I see no problems with that.
You are raging like a child over a video game and pricing that is obviously not realistic. Yeah, I see the 2 billions and the 1 billions, and the even the 500 millions. Yeah, they aren't going to sell, why cry about it? What is your crying going to do other than to make other people come here crying about it and add yet another crybaby thread to these boards. Something these boards really don't need.
Economics 101. Nothing is worth more than the buyer is willing to pay. People listing shit that high are either using the AH as extra bank space, something I have done in the past, or they are stupid enough to really think it will sell. In the long run, if they are listing it to sell it they will eventually have to drop their price to a point where someone will buy it. Coming on unofficial forums QQing because you can't afford something is not going to change a thing. Its a waiting game. Within the next 3-4 weeks you will see the prices on the new legendaries drop, this is guaranteed. The longer you wait, the lower the prices will get, this is as true in D3 as it is in the real world and has been happening since release when 1k DPS blue weapons were selling for 50mil on the AH.
There is nothing wrong with dropping 10m on a weapon. 10-15m for something like that is reasonable. What I am saying is that people listing things for 100m is ruining the AH economy. I added more to my post based on some replies that explains this a little better. Sorry if there was some confusion.
You obviously didn't read past my first line. GG kid.
Yeah, look where capitalism has gotten our world. Most countries are in debt, and damn near everyone is a selfish git. I'm not talking about the top of tier 1, just good enough so I can kill smoothly, and not die as frequently as Kenny from South Park. Only way to get that kind of gear is to find it, because EVERYTHING is overpriced on BOTH auction houses.
My 15 Mil Monk (able to finish the game), my 8 Mil WD (able to start Act 3 for now), my 12 Mil Barbarian (able to do Act 3), and my 8 Mil DH (able to farm Act 2, with 180 base MF) all disagree that things are overpriced
Obviously some people will throw crazy numbers out there. That doesn't mean you have to buy it, nor that they get to sell their items in less than a month.
I'm not talking about the top of tier 1, just good enough so I can kill smoothly, and not die as frequently as Kenny from South Park. Only way to get that kind of gear is to find it, because EVERYTHING is overpriced on BOTH auction houses.
The price that things are selling at isn't as relevant as it first appears. If you get some item drop worth x gold and price it appropriately on the AH, you'll get back .85 * x gold which you can then spend to buy some item useful to your build. In this case, it doesn't matter if x is 100 gold or 1 billion gold. It does matter relative to actual gold drops, but at least for me, gold drops have only been a small percentage of the total gold I've spent on my current gear. Probably 80 to 90% of that gold came from selling drops on the AH.
If we're talking about prices people list things for but don't actually get, then that's a self-correcting problem. It takes time, but people will lower their prices as their items continute to not sell. That process should go a little faster now that people can cancel auctions though.
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...and if you disagree with me, you're probably <insert random ad hominem attack here>.
My 15 Mil Monk (able to finish the game), my 8 Mil WD (able to start Act 3 for now), my 12 Mil Barbarian (able to do Act 3), and my 8 Mil DH (able to farm Act 2, with 180 base MF) all disagree that things are overpriced
I've probably sunk in less than 8mil total across all five of my characters and post-patch they can all at least comfortably farm act2. My barb (worth about 5mil) cleared act3 pre-patch (chock it up to the class if you want, but i didn't use tornado build) and my WD is now clearing act3 with little problem on basically nothing but items I found. I bought a helm for her last night because I wanted something to socket a ruby in. That ran her total up to around 10k gold, lol.
Inferno is quite doable now with almost no gold investment.
It almost seems superfluous replying when so many good points have been made already.
As hi19hi18 said, the correct price for an item - not overpriced, not underpriced - is whatever someone is willing to pay and the seller is willing to accept.
If someone lists an items for a price that you believe is ridiculous, like 2 billion gold, one of two things will happen. Either it will sell, in which case the price was not actually ridiculous. Or it will not sell, in which case, what harm was done by someone tying up one of his 10 AH slots for a day and a half listing it?
You cannot, cannot put a cap on AH prices. 25 million cap on weapons? Fine. My godly legendary is now available for sale for offers starting at 10 radiant star gems. Place your bids.
But ultimately, what it boils down to is this: items of a quality which is rare enough that only a small portion of the playerbase will ever see them drop must by definition be valued at a price that only a small portion of the playerbase will ever be able to afford. You simply cannot buy an item that only a thousand people have drop for a price that a million people could happily pay. It doesn't work.
Oh, and while we're anecdoting - pretty sure I've spend well under 500k on gear, and I've cleared Act 1 and 2 Inferno happily. I need to invest before I can handle Act 3, though. Luckily, in my time in Act 2, I've sold one item for 7.5 million and another for 2 million. Plenty of cash in my war chest for upgrades, regardless of whether or not people are trying to sell the godliest drops for billions.
Free market is important. You can list for 10 trillion but its only worth that much if at least 1 buyer is willing to buy it. It also allows for the AH to decide what an item is worth.
High prices are not necessarily bad for new players. These players will find that what they want to sell is worth more in general inflation. Conversely, they will find that they can afford more if prices are low. Neither is bad.
My 15 Mil Monk (able to finish the game), my 8 Mil WD (able to start Act 3 for now), my 12 Mil Barbarian (able to do Act 3), and my 8 Mil DH (able to farm Act 2, with 180 base MF) all disagree that things are overpriced
I've probably sunk in less than 8mil total across all five of my characters and post-patch they can all at least comfortably farm act2. My barb (worth about 5mil) cleared act3 pre-patch (chock it up to the class if you want, but i didn't use tornado build) and my WD is now clearing act3 with little problem on basically nothing but items I found. I bought a helm for her last night because I wanted something to socket a ruby in. That ran her total up to around 10k gold, lol.
Inferno is quite doable now with almost no gold investment.
Yeah, my estimates there are probably badly wrong, because I don't really keep track of what I buy. I've bought really good stuff that I'm still using (and can't find upgrades for less than 1 mil) for 50k or 100k, specially on snipe bids.
The few things I know I paid a ton were a couple weapons (2.5 mil on the Barb's Three Hundredth Spear, 4.5 mil on the WD's weapon, 4.6 mil on the Monk's weapon), but appart from that everything else was probably pretty cheap (less than 1 mil), so my estimates could be very wrong.
I'm godlike misery and will not buy anything above 500k normally. The highest thing I ever bought was a 6 affix belt recipy at 1.5m back when. I'm also grabbing all the <200k 6 socket recipies on US AH now.
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You obviously didn't read past my first line. GG kid.
Obviously some people will throw crazy numbers out there. That doesn't mean you have to buy it, nor that they get to sell their items in less than a month.
The price that things are selling at isn't as relevant as it first appears. If you get some item drop worth x gold and price it appropriately on the AH, you'll get back .85 * x gold which you can then spend to buy some item useful to your build. In this case, it doesn't matter if x is 100 gold or 1 billion gold. It does matter relative to actual gold drops, but at least for me, gold drops have only been a small percentage of the total gold I've spent on my current gear. Probably 80 to 90% of that gold came from selling drops on the AH.
If we're talking about prices people list things for but don't actually get, then that's a self-correcting problem. It takes time, but people will lower their prices as their items continute to not sell. That process should go a little faster now that people can cancel auctions though.
I've probably sunk in less than 8mil total across all five of my characters and post-patch they can all at least comfortably farm act2. My barb (worth about 5mil) cleared act3 pre-patch (chock it up to the class if you want, but i didn't use tornado build) and my WD is now clearing act3 with little problem on basically nothing but items I found. I bought a helm for her last night because I wanted something to socket a ruby in. That ran her total up to around 10k gold, lol.
Inferno is quite doable now with almost no gold investment.
High prices are not necessarily bad for new players. These players will find that what they want to sell is worth more in general inflation. Conversely, they will find that they can afford more if prices are low. Neither is bad.
The few things I know I paid a ton were a couple weapons (2.5 mil on the Barb's Three Hundredth Spear, 4.5 mil on the WD's weapon, 4.6 mil on the Monk's weapon), but appart from that everything else was probably pretty cheap (less than 1 mil), so my estimates could be very wrong.
If you found a rusty nail, it'll cost as if its a rusty nail...
in other words,
If you can't afford BIS and start crying all over and wanted attention, GTFO...
whats the point of this topic btw?