What happened to cause prices to go through the roof these past months?

[Safon]

Some items have literally doubled in price, doesn't that seem strange to anyone? I've seen prices fluctuate of course before, been here since year 1, but this seems crazy

[applesauce25r624]

http://developingcatan.files.wordpress.com/2010/10/final_paper_html_m33ae3f3f.png

[Splorf22]

Prices are already coming down again. The fungi was up to 85, now its 75 and going lower. The nos was up to 80, now under 70. etc etc etc.

[koros]

Changes do the supply and demand schedules alone do not explain changes in pricing as we've seen them. Increases in demand should also correlate to higher rates of farming of certain items, which should keep the price at or near equilibrium.

Aggregrate Demand-Aggregrate Supply model is probably the real reason.

Short term spikes in demand in conjunction of "market makers" artificially increasing prices through selective item purchasing/hoarding is the likely reason.

The other possibility is RMTing and plat duping, but I'll only find that the likely scenario if prices don't come down relatively sharply in the next 2 months.

[Splorf22]

Changes do the supply and demand schedules alone do not explain changes in pricing as we've seen them. Increases in demand should also correlate to higher rates of farming of certain items, which should keep the price at or near equilibrium.

Not totally true, because there is only 1 spore king camp, and its usually camped 24/7 anyway.

[bluejam]

Add amount of "new" players x which will be inclined to aquire item y (= Fungi etc.).

a) as pointed out by splorf, certain (easier) camps will be claimed more often
b) farmers who've been hibernating are active once again
c) more players doesn't equal more items flooding the market due to a/b and d
d) a lot of people suck at this game. I've seen full groups wipe at Fungi king cus they're just terrible players.

[Safon]

Are necromancers welcome at the King camp? Or do min maxers hold it most of the time

[Tecmos Deception]

Are necromancers welcome at the King camp? Or do min maxers hold it most of the time

King is usually camped by duos or trios. A necro can add onto any of those duos or fit into most of the trios just fine. Whether you're "welcome at King" has less to do with what is at the camp than who is at the camp, though.

And of course "min maxers" hold the camp most of the time. What would you expect? A random assortment of non-60s and rogues with bone razor mainhands and clerics who like to roleplay paladins holding down one of the more challenging and most rewarding mobs in the game?

[Swish]

Players are interesting things.

A seller's objective is obviously to get as much as possible for a given item, which is fairly straightforward. Why price Item X at 75k when they've been going for 85k etc etc.

Buyers should be more wary. Anyone who's saved up 30k or more in an effort thats taken them days/weeks/months won't want to just throw it at the first person who advertises an overpriced item...will they?

From that, probability suggests that we've either:

A: got a serious RMT problem.
B: got too many people playing the "EC game", buy low/sell high.... buy high/sell higher.

...maybe a combo of the two. The more inflation comes into the picture, the easier it is to make big money reselling a high priced item. What's an extra 5k to someone that'll spend 70k on an item? Not much most likely, however they sourced it.

[SirAlvarex]

While the price will surely continue to drop on Fungi's over the next month, this weekend I bought a fungi for 65k. The prices are dropping and I could see it settling again at about 55k.

[Elmarnieh]

Changes do the supply and demand schedules alone do not explain changes in pricing as we've seen them. Increases in demand should also correlate to higher rates of farming of certain items, which should keep the price at or near equilibrium.

Aggregrate Demand-Aggregrate Supply model is probably the real reason.

Short term spikes in demand in conjunction of "market makers" artificially increasing prices through selective item purchasing/hoarding is the likely reason.

The other possibility is RMTing and plat duping, but I'll only find that the likely scenario if prices don't come down relatively sharply in the next 2 months.


This assumes maximum supply was not already reached. For items such as Fungi's and others they max rate of entry into the market. Remember we can't just build another sebilis and double our supply when demand spikes.

[skipdog]

Why do we have to have this conversation every month? Like was said, Fungis have dropped a bit, and there honestly haven't been any other mind blowing price changes. I'm not sure what other items you guys are referring to that recently 'doubled in price'. Still boggles my mind that people don't understand the impact of having so many 60s in Kunark era who have been 60 for much longer than what was the case on live.

Kinda lame to have to see this post once/month when almost nothing has changed in terms of prices in the last month or so.

[renordw]

While the price will surely continue to drop on Fungi's over the next month, this weekend I bought a fungi for 65k. The prices are dropping and I could see it settling again at about 55k.

They were around 40k when I quit last year.

[Barkingturtle]

They were around 40k when I quit last year.

Yep. I bought one for 45k just a few months ago.

But a few months before that they were 85k. It's the Circle of Fungus.

[Tecmos Deception]

Heiro cloaks are 65k, used to be 35. Lots of examples.

They were 70k+ recently, but they are going back down right now.

[Sun Apr 07 10:48:06 2013] Hungfuu auctions, 'WTS . . . Hierophant's Cloak57k


Fungi, NoS, Manastone, and a few other high-end items (and spells) all spiked up, but it seems like they all peaked about a month ago and are on their way back down. Manastones were 300+, now 250ish. NoS close to 90, now like 70+, fungi 85, now down near 70.

JBB seems to be spiked and holding up there though, lol. Poor shamans!

[fuark]

I'm not sure what other items you guys are referring to that recently 'doubled in price'.

Fungis, Hiero Cloaks, Mithril Arms, Tolan's Bracer, JBB, Woodsman's Staff, Iksar Hide Mask, Mask of Obtenebration, Ceremonial Iksar Chestplate, guised accounts, accounts in general, Helot Skull Helm, Rogue Epic MQ, Cleric Epic MQ, Earring of Essence...

off the top of my head those are items that strictly doubled in price, leaving out items that simply spiked for roughly 100k more but didn't necessarily double (manastone)

[Galvatar]

Many of the lockdown, hardcore farmers moved on. New kids took their place. They want a taste.

[DeadL]

I took a break a couple months back after farming 30k~ for Torpor and being unable to find a seller. I come back on recently and first /auc i do gets a reply from someone wanting 100k for it.

fuck

[Kieu]

Fungi has hit a low (for this year), summer wars!