Gold Capped: Patch 4.0.1 fallout for cooldowns, addons and glyphs

Patch 4.0.1 has come and gone, and we can now use the benefit of hindsight to see how well our predictions did. I'm going to start off with the elephants in the room: alchemy transmutes and addons.
I reported that the cooldown for epic gems had been removed in the PTR and that this was likely so that people wouldn't be put into the poorhouse by having to regem. In reality, the datamining that determined this was incorrect, and the cooldowns are now resetting at midnight instead of the old way. There's huge demand for epic and rare cut and raw gems now, and people are tending to go toward rares because the epics are just too expensive.
Like many patches, this one has brought with is a huge increase in demand for raw materials, so the price for Saronite Ore and Titanium Ore is likely through the roof on your realm. If you prepared for the cooldown removal by buying a ton of rare gems, you can still make a mint by selling (or cutting and selling) them. The eternals might be harder to move, since we all went nuts stockpiling them.
Addons
I reported that the auction house addons used by many of the serious crafters would be broken by the patch. They were. Auctioneer is still basically dead; however, Auctionator will serve in a pinch. At least it shows you the market price for stuff you're manually selling and has a smart pricing recommendation. The QA addon used primarily for the glyph and gem markets has been abandoned and is dead in the water. Luckily, the dev who wrote the fix mentioned in my initial report has been granted permission to take over the project. The fork is called Zeroauctions and it's is available for download.
Zeroauctions is exactly what you remember from QA, except that it now works. The Blizzard changes have forced all auction addons to get a click per event, which means that when you mass-post or mass-cancel your auction, you have to confirm via mouse click (or /click macro) for each batch. Posting 10 of a single item is one batch and one click, but posting 1 each of two different items is two batches and two clicks. I'll be writing up a guide on how to use ZA, including the crafting queue and auto-buying vendor mats at some point.
The default UI now has a very nice interface for crafting skills, but it still doesn't do craft queuing. ZA does that for you, but auto-queuing based on inventory is something we used to do with addons like KTQ, and I didn't even bother checking out KTQ because the data it relies on to determine stock on your other characters comes from Altoholic, which is badly broken.
Now, let's talk about the big market that everyone's been speculating about for weeks.
Happy Glyphsmas!
We all knew it was coming: The changes to the way glyphs work were going to produce a massive surge of demand that every scribe I know of has been preparing for for weeks. Additionally, while the historic glyph demand has focused on the "right" glyphs with a large but spread-out demand for the non-optimal class glyphs, this new patch led to many people's buying one of each glyph they can learn so they'd be set going forward. The huge amounts of inventory that were dumped into the AH just before servers went down seem to have been sold, and the demand remains strong. As people get their heads around their greatly changed classes, they come out of the woodwork to buy glyphs. The crafting materials have been raised from one to three inks, to make things worse. Herbs are upwards of 100g a stack on many realms, and ink is borderline impossible to buy for less than 10g each.
One of the weirdest markets for inscrivenatrixors, however, isn't trade-skill-driven at all. Vanishing Powder is purchasable at the inscription supplies vendor for a couple of silver, yet people have been buying it on the AH for as much as 1g each. This will be a short-term problem, because eventually players will realize that they're only saving a short walk. It takes even less long for this market to disappear when you announce in trade chat that the fastest way to make money is buy the dust at the vendor and list it on the AH; every time you do this, you can count on at least 100 new stacks being posted at lower and lower prices. It's only a matter of time until so many people know that it's vendor-bought that the price on the AH will meet the vendor price.
Another interesting change is that all vellums have been converted into "enchanting vellums." No more weapon vellum iii or armor vellum ii. I got broadsided by this, as I had just crafted 200 stacks before the patch. You can make them much more cheaply now.
Filed under: Economy, Add-Ons, Wrath of the Lich King, Cataclysm, Gold Capped






Reader Comments (Page 1 of 4)
Jejin Oct 14th 2010 8:03PM
So...many...glyphs...
phoenixblight Oct 14th 2010 8:09PM
"Vanishing Powder is purchasable at the inscription supplies vendor for a couple of silver, yet people have been buying it on the AH for as much as 1g each."
hahah Really?
Liam Oct 14th 2010 8:36PM
Well it's probably because if you know nothing about inscription then you try to change glyphs and it tells you that you need vanishing powder. Now, most people will probably ask in trade, get a rude answer, and just go to the AH for a look. They'll see 1g, think 'Well, that's not so bad,' (especially given how everything is expensive at the moment) and just plonk down the cash for it.
That's my theory, at least.
Jpax411 Oct 14th 2010 8:49PM
I sold an entire stack at 6g each (making around 120g.) I'm not all bad though, I did tell everyone in my guild where to buy them legitimately, and on the powder it self it says that you can buy it from an inscription supplier!
Neyssa Oct 15th 2010 4:05AM
I sold Vanishing powder in stacks of 5, for 9g90s, and sold about 200 :D
It was fun on Wednesday night. I hope to do the same during the weekend.
Noah Oct 15th 2010 10:10AM
I sell 4 for 3g50s... and they are selling like HOT CAKES!
Brimoonfang Oct 15th 2010 10:29AM
It's worse than that on my server (US-Rexxar-Horde).
I bought a 20-count stack of Vanishing Powder, which costs 32 silver for 5,
and listed each one individually for 2g with a 2.5g buyout on Wed night.
By Thursday morning every single one had sold.
DaShiVa01 Oct 15th 2010 11:55AM
Servers in my area came up around 7pm central, I finished patching and got on about an hour and a half later. I respecced, then went to check out glyph prices.
I noticed Vanishing powder was used to clear out the wierdness that was left in my glyph slots, and as I was at AH, checked to see if any inscribers had made any. There was none there. So I went to the inscription trainer to look at what was needed to make it, and they didn't offer it, so I checked the supplier. 35s for a stack of 5.
I figured "what the hell" bought 100, and listed them on the AH for 5g each in stacks of 5 for 25g.
Half an hour later I was ~500g richer.
I was tempted to push it further, but instead told the guildies on vent about it for a chuckle.
So they all did it, and the rest of the server was soon doing it.
an hour later, trade was being spammed with warnings about buying it.
But I had a lil fun, made a lil fast money.
Then I realised I had a metric ton of the new honor, so I bought 100 epic gems from the pvp guy, had my wife cut them, and auctioned them all off.
The next morning I was 5000g richer, got my epic flying speed.
This is a fun patch.
Zahira Oct 14th 2010 8:31PM
If you go to Auctioneer's web site they have a demo version of the new version I installed it last night and it seems to be working great for my needs, so that's an option too. And shhhh about the vanishing powder, your ruining it for all the people who figured that out LOL :)
Wellsee Oct 14th 2010 8:21PM
Seconding that the development version of Auctioneer is working fairly decently now.
elvendude Oct 14th 2010 9:56PM
Actually, you don't need the developer version. The preview version is 5.9, and is quite a bit more stable than the dev version.
The broken portion of 5.8 is appraiser. 5.9 has fixed the bug.
Aaron Oct 14th 2010 11:31PM
I wish I could reach through the internet and give you a high five. Thanks so much for the tip!
Sleutel Oct 15th 2010 11:21AM
Yes, confirming that some basic research could have informed Our Dear Author that Auctioneer is working fine as the Preview version.
Tom Oct 14th 2010 8:12PM
For a while Tuesday night on Drenden Vanishing Dust (VD?) was selling for 20g a pop, Alliance-side.
Ametrine Oct 14th 2010 9:03PM
Really? I thought getting VD on Alliance-side was easy - just go to Goldshire...
Dan Oct 14th 2010 8:16PM
What I don't get is, after the initial surge, how are scribes supposed to make money? The only glyphs we will need to sell are for new players.
Prophetik Oct 14th 2010 8:22PM
You'll be fine. Previously, people only bought glyphs for exactly what they needed. Now with this change (and the associated Achievement) people will be buying EVERY glyph for EVERY character they play. And there will be a TON of new characters being created when 4.0.3 hits (reworked zones) and especially Cata istelf (Goblins & worgen.) The glyph market isn't gone, it's changing. Adapt and you will make money.
wutsconflag Oct 14th 2010 8:23PM
Yep.
I'm not too worried. People will always buy glyphs for their alts or new characters.
Blackdemon Oct 14th 2010 8:57PM
The netherweave and frostweave bag market only sells to new characters and that is a thriving market. The completists will also add to the demand in the glyph trade by trying to get hold of one of every type of glyph for their class.
Hagu Oct 14th 2010 9:29PM
Most people think the glyph market will be OK. But I think Blizzard has been clear that they really intend for scribes to make gold from things besides glyphs. GC's quote from that interview was "We’re going to focus inscription on more of the non-glyph aspect of the trade skill. So, Darkmoon Faire cards, trinkets, offhand items, things like that."
Certainly if you have a scribe on a realm I have a scribe, I hope you continue to focus on glyphs!