P99 Auctions is Closing

[Lhancelot]

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

I don't disagree with the latter half of this statement, but I question the former.

At least during my extensive playtime on live (vanilla through pop, and as a serious raider starting during velious), resellers profited based on superior knowledge and/or their ability to convince buyers to spend more than an item was really worth. The knowledge afforded to casuals by p99auctions would tend to undercut these factors, except in the case, as mentioned, of certain players who presumably used alts/friends to manipulate the pricing data for certain items they were farming.

That said, in the brief time I have been playing on p99, I have watched prices decline significantly on a lot of big ticket items, including torpor and fungi's, and on popular mid-tier items like PSC's and SCHW's. So I'd be curious which items folks saw going the other direction due to manipulation? My take is that prices were falling on the whole due to better market information and, presumably, higher supply of certain desirable items since players were spending more time playing (thanks to the auction sites) and less time lingering in EC. This is beneficial to most everyone aside from the p99 1% tunnelquesters.

Whether or not P99 auctions is up, it's inevitable that more items will flood the market over time and reduce prices. Only way it won't is if someone truly has a monopoly on an item and keeps the price elevated.

I have nothing against P99, I can work with it or without it in EC, and I can see how people who never go to ec or not often would find the P99 site helpful. It was convenient, no doubt.

I will miss some of the features like the live stream, that was convenient to have when you were not in ec.

I will not miss how I get tells 1week later for an item because someone looked the item up, and seen me selling it some time in the past. That got annoying.

Pros and cons, pros and cons to the P99 auction site.

R.I.P. P99 Auction Site.