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7-07-2010 @ 11:55PM
Eh, it was the principle of the thing to me. Buying their ore myself would have been like a small businessman complaining about a Wal-Mart opening up and undercutting local businesses, and then shopping at Wal-Mart himself.In any case, they weren't /always/ selling it lower than 12.5. Usually it was just a bit above that, so that it was actually more "profitable" for me to smelt and vendor /my own/ ore than to try to undercut them. I don't remember the actual numbers, but there was a certain price point where these sellers could sell for just above 12.5 so that it wasn't profitable for others to buy/smelt/vendor the stuff, but they were still essentially taking a loss (vs. vendoring bars themselves) once the AH "cut" was subtracted from their proceeds. That prevented anybody from trying to undercut them. And thanks to the sheer volume these guys were posting, you couldn't even do the "buy their low-priced stuff and repost it higher" thing - they'd just come back the next day with 30 more stacks of dirt-cheap ore and all the stuff you bought and reposted would just get returned to you unsold.The end result was that smelting and vendoring my own bars became the only "profitable" thing to do, but it meant a return of only 1/2 of what I'd been getting previously for the same time/effort. So it just wasn't worth my time.
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