A few random points:
a) Everything is worth exactly how much some sucker will pay for it. Overpriced shit will not sell until the seller drops the price low enough for an interested buyer to send a tell. The only way to bring prices down is for people to stop buying overpriced shit at the advertised prices. However, see (c)
b) The advertised price isn't always what the item sells for after haggling via /tells, which is going to be based on how long the seller wants to stand there auctioning his/her overpriced shit.
c) If the market is overpriced and stays that way without reaching equilibrium, it's because there's an overabundance of level 50's with cash to burn inflating the market on their alts, creating a heavy barrier to entry for non-50 buyers that are levelling up to 50 for the first time without access to that sort of plat from HG/phat lewt farming.
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Another witty, informative, and/or retarded post by:
"You know you done fucked up when Yendor gives you raid commentary." - Tiggles
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