P99 Auctions is Closing

[paulgiamatti]

Originally Posted by Sage Truthbearer [You must be logged in to view images. Log in or Register.]

The claims that all of these people were all using P99auctions to inflate prices are extremely exaggerated. There were a number of safeguards that prevented this, and from personal experience I have a pretty good idea of the market value of a lot of items an P99auctions was mostly pretty accurate.

This,

Originally Posted by thufir [You must be logged in to view images. Log in or Register.]

p99auctions was a public aggregator site, with its information available to all. now that it is down everyone loses information, but those who had less information (traded less often) suffer most, since this information bloc represented a much larger percentage of their total knowledge than it did to an experienced tunnelquester. that this information could have been manipulated by others is not relevant. those same people will be able to manipulate information in their private trades more easily now, because this site isn't around to contradict them.

and this.

The extent to which people were able to manipulate price averaging on the AH was far, far less than you're able to do so elsewhere, and people who claim otherwise are really bad at math. This is likely the doing of a prolific tunnelquester or tunnelquesters who deal in RMT. With accurate pricing information easy enough for a chimpanzee to access available to everyone, people flipping items and such lose their edge and profits drop.