AskEQ! What item(s), gear, or weapon(s) do you feel are overpriced in today's market?

[Diogene]

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

https://wiki.project1999.com/Green_scale

Yeah was wondering also. Is warrior epic still a thing in velious? Anyone thinks lazer saber are worth 400k+ ?

[Zabbix]

Fashion and everyone but High elves actually need that cha which allows you to equip items that give more than a measly 30 hp. Get good.

[Teppler]

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

Fashion and everyone but High elves actually need that cha which allows you to equip items that give more than a measly 30 hp. Get good.

Is this really true? If you have the money to spend on something like PoM I feel a chanter is maxing out their cha without needing the robe and by that point you might even value the extra HP.

[Baylan295]

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

Is this really true? If you have the money to spend on something like PoM I feel a chanter is maxing out their cha without needing the robe and by that point you might even value the extra HP.

I have a PoG robe on my Enc (so same CHA/INT as a SS, but a few less HP), and I plan on getting a PoM robe someday. I have some good gear, but nothing too crazy (R9, Garz Ring, Shroud of Veeshan, Draco bracer... everything else is a SS or otherwise purchasable or farmable drop).

I want the PoM robe because it's frees up another slot to maximize HP/Mana. I'm currently at 250 self-buffed cha (254 if I use CHA food). The pure stats on it are better, even with the loss of the HP, IMO, because the stat density allows for other gear options elsewhere.

There are simply not many high CHA items in the game. Those that are 10+ CHA are normally pretty difficult to get (Zlexak Orb, EoN, Vulak Arms, Epic). That 8 extra CHA is pretty meaningful for my toon.

[Izmael]

There's no such thing as overpriced. There are asked prices, offered prices, and market history (when ask and offer meet).

If I auction a Fungi for 1 million pp in EC tomorrow, it will not make that item overpriced, it will just not net me any buyers.

The right price is when offer meets demand, and that means that this is the right price for that particular item, at that particular time (bonus points if you just said "catch 22").

[Legday]

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

There's no such thing as overpriced. There are asked prices, offered prices, and market history (when ask and offer meet).

If I auction a Fungi for 1 million pp in EC tomorrow, it will not make that item overpriced, it will just not net me any buyers.

The right price is when offer meets demand, and that means that this is the right price for that particular item, at that particular time (bonus points if you just said "catch 22").

In a more sophisticated market this is correct, however in the p99 market you can take an item like a pre-nerf CoS and do what Boutik does. He is buying them and marking them up. Since there no reasonable replacement item (you couldn't do this with most haste items because of cheap alternatives like SCHW) he can do this continuously and people will continue to pay up for them because that is just the way the market appears to be moving. Again, its a useful item with no similar replacement, and high end players need it.

On top of that, other legitimate sellers are going to see the items changing hands at a higher value than they thought they could sell one. What do you think they're going to do? Sell it cheaper because like vigilante economic justice warriors? Nope - they're gonna get that pp because the market actually is there to buy at those levels.

At some point they will definitely top out. That might be now (25-30k) or it could keep going a little. Nobody is going to pay 100k for a pre-nerf CoS, but make no mistake, if re-sellers didn't do this to the CoS it would still be 1/3 of the price. These are guys who are capitalizing on ppl not wanting to sit in the tunnel. They have tons of time and know what they are doing. The rest of the market will just tag along.

Personally I think its equal parts brilliant and pathetic.

[Cen]

Robe of the ishva. 500pp but the green serpent robe is better.. But fashionquest [You must be logged in to view images. Log in or Register.]

[Iksar_with_a_plan]

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

There's no such thing as overpriced. There are asked prices, offered prices, and market history (when ask and offer meet).

If I auction a Fungi for 1 million pp in EC tomorrow, it will not make that item overpriced, it will just not net me any buyers.

The right price is when offer meets demand, and that means that this is the right price for that particular item, at that particular time (bonus points if you just said "catch 22").

There's always one of these in every thread eh?

We get it, you took an economics class in community college...

I guess we can scratch that word from the dictionary then? Someone call Webster...

[Izmael]

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

There's always one of these in every thread eh?

We get it, you took an economics class in community college...

I guess we can scratch that word from the dictionary then? Someone call Webster...

No economic classes, just half a brain and some common sense.

Also I've turned a stack of bone chips into millions of platinum over a few months in the EC tunnel casually flipping shit on a 19" monitor while doing actual RL work on the side, 2-3 years ago (how? keywords: log, tail, grep, notifications). So I have a pretty good vision of the P99 economy, sellers, buyers, farmers, people in a hurry, etc.

People who use the word "overpriced" when talking about the EC tunnel action simply don't give it very much thought.

Again, there's no "overpriced" or "underpriced". If Boutik (or whoever the current famous EC flipper there is) decided to profit by buying as many CoS as possible, all he does it to drive the offer down.

The offer goes down, the demand stays the same, this drives prices up. But the item isn't becoming overpriced. It's still properly priced, the price just went up.

Just like when there's a new conflict in the Middle-East, gas prices go up. Gas doesn't become overpriced. It's just the new gas price.

TL;DR: the most overpriced item on P99 is obviously Lulz's cups of coffee. Now THAT is overpriced.

[Jimjam]

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

TL;DR: the most overpriced item on P99 is obviously Lulz's cups of coffee. Now THAT is overpriced.

They're underpriced. He acquires them for free, which must be substantially less than cost, unless they are a waste product that has storage costs in excess of its acquisition costs.