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3-15-2010 @ 10:10PM
But, where does "we will not be undersold" enter the game? Theoretical example: three people are selling Grimoire of the Frostbitten Kingdom (whatever). Buyout prices are as follows: 200G, 180G, 175G. Item is considered a niche market, appealing specifically to lv. 79 twinks. However, the prices currently listed are seen as excessive in all three situations, the auctions run out and the sellers lose their deposit, then have to relist the item yet again. Knowing that, I auction my own Grimoire of the Frostbitten Kingdom at 150G for buyout, and it finds a buyer right away due to 150G being the maximum price that potential buyers deem acceptable at that point in time. And then there's the factor of relisting high-level items being a drain on your pocket, do you slash prices to sell the bloody thing faster, or do you stick to your guns and maintain the original price? In any case, potential savings of larger sums of gold will attract people faster, which might not have been guaranteed if I'd have auctioned the item for 174G, 50S, 50C. :/
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