Inflation...... ares prices real?Follow

I just recently harvested a rough jasper from a wind swept rock in TS for the ghoulbane quest. when i went back to my room and put the item up for sale on the brocker i checked the price for the item. The lowest price was 45gp..... this may not seem likie much.... but for a 27 pally with 41gp in bank its kinda.... messed up. for the teir 3 rare thats just unreal. i play on the faydark server and i was wondering. are prices on rares this high? and if so why the hek as the economy gone down the drain?

P.S. i have realy bed grammer and spelling please try to understand.

prices are a bit nuts sometimes! i'm glad that you at least check for the prices before you put your items up. its clear that some people don't even do that.

sometimes i see normal tier 3 provision harvest items up for like 2s, and on the same page, the same item will be 1g.......wth?!?!?! do people even check these prices! and maybe sometimes people think that items sell by the stack?? people are so greedy, i only put items up for the price that I would pay for myself. some low level 10 adept spells going for 1g+ ?!?! i don't know, but sometimes the broker really makes me laugh.

Edited, Mon Jul 18 18:17:58 2005 by bloodwingss

The pricing of rare harvests has gotten totally out of control on Toxx. I'm sure it is due at least in part to so many wealthy 50s rolling up new alts to play around with at the low end of the game.

Raw T3 rares now go for higher prices then finished rare goods did a couple months ago.

In addition, the price of food and drink has gotten completely out of hand. Lvl 30 - 3 hour food is averaging 30 - 40 sp per piece and 1 hour T3 drink like coffee or tea averages around 25 - 35 sp each. Long duration drink is currently up over 50 sp each.

It's getting so you can't afford to eat and drink anymore! And buying a rare to upgrade a critical spell... well that is a luxury, my friend!

I kinda like it though, we folks need to enjoy the prices till they come back down. I've made more in a week than I did all of beta. I don't even have to craft the bloody things! You can make 10gp a day just harvesting! It's insane! It won't last!

^^ don't bet on that. And only in higher tiers does money come quick. I make between 10 and 30 gold a night if I work my butt off. I have armorsmith friends that can make 10pp in a week on rare armor sales alone.

Profit margins for provi is low so you have to produce a lot. YOu have to hope someone isn't botting in your tier or you show up with your goods and 8 pages of dirt cheap merch.. so all you can do is hold till it all sells out. YOu have to harvest if you want to make any good money buying ur raws isn't like the other crafts.. at t5 freaking fulgate under 3sp almost everynight. I would have to pay 30x that to buy my stuff. Not to mention everyone has a freaking provi it has more then double of any other crafter game wide..

There's very little good T4 drink up on Nektulos. I just paid a gold each for 3 hour drink, and felt screwed but lucky I found it. That's what all T4 drink is running there - about 33sp for an hour's worth. I spoke too soon, I guess, drink is way overpriced.

One peeve of mine - why do so many Provies price lesser quality ("savory" or regular) items the same as delectable/refreshing?

I'm seriously considering leveling a provisioner just for my own stuff and the guild. I can harvest for her. At least it's easier than weaponsmithing... more recipes to pristine for bonus exp.

Yeah I'm working on lvling a provisioner. He's lvl 12 almost 13. It's amazing how prices have changed since launch. On my Conjuror I was lucky if I sold maple for 1 copper. Now I'm lucky if I can find it for less then 1 silver. Tuber strands as well. I was doing good selling them for more then 10 copper now they sell for 1 silver or more. Usually more. I'm on AB. A full server. With as many players as we have there I'm surprised prices are so high. I would think that with so many people harvesting stuff prices would be pretty low. But it's not that way. And also now that most people are past lvl 20 there's no one that harvests in T1 areas. So prices for those things are even higher then other Tiers. I think it will balance out in the future. Hopefully the adding of mobs dropping coin won't have the effect of raising prices but lowering them.

i think its kinda funny how this turned into a rant about provs. to trell the truth im using store bought meat and srping water. and i do fine with it. i know my rec wil lbe much better with others but.... face it the prices things are at right now its cheeper to go out and adventure then it is to buy player made and materials for crafting. i allso know that sometimes you need better food for raids and such.... that when i have my guild prov give me some stuff...... thats why you needa guild just give the job to some one else and let them take care of it. im allready working on being guild armor but i dont mind as it will give me a chance to help guild more.... so people just ***** buying player made stuff and harvest and sell. since i see now that prices wont come down fora while.

The economy on EQ2 is the same as the economy in RL. If people are going to pay X amount of dollars for a certain item, then it is going to sell for exactly that. It's like collectibles. A baseball card, for instance, could be "worth" $1,000. However, and this is rather obvious, if everyone is only willing to pay $500, then that is what the card is really worth (<~~~notice no quotations). The exact opposite is true, also. If someone wants something bad enough, they won't care what the price tag says.

Basic Economics

Economics is simply, the study of scarce resources that have alternative uses. In a free market economy (no price controls), supply and demand determine price equilibrium. If a rare item is worth 10gp to someone who wants to make armor or weapons with it, they are competing against other people willing to either pay more to make the same armor or will use the rare item for an "alternative use" that justifies what they are willing to pay.

Greed has nothing to do with pricing. If pricing were based on greed, then items would be sold at 9,999,999... platinum. But, in a free market economy, no one will pay 9,999,999... if the same item is available at a lesser price (say, 10sp).

A nice feature with regards to the broker, when players look up items, the list is sorted by most expensive, first. Players with money they don't care about, may buy the first item listed "at the highest price" rather than go bargain hunting, because when money is no object, their time is more valuable than spending 30 seconds finding the least expensive item. So, in this case, the scarce resource is the player's time; they are spending more to preserve time (or rather, they are avoiding the hassle of finding a lower cost item).

On the other hand, in a market with price controls, supply does not increase with demand, creating a shortage. In fact, supply often decreases when price controls are implemented, providing less incentive for a business or entrepreneur to obtain and sell the product.

...

Next time you see a high priced item, either negotiate the price, or don't buy it. If the seller never sells the item at the high price, they will eventually stop selling it, or will lower the price.

Bloodwings,

I totally agree with you. That's why I always sell my stuff way under the going rate, just to **** the high sellers off and to sell fast. This economic science of the "what people are willing to pay" crowd is just more of the greed in disguise. It applies to everything across the board, especially in an MMORPG. Just because somebody is willing to pay a price for something, doesn't mean you have to sell it at that price. That's a greed fallacy of the highest order, and with everybody thinking that way it becomes a self fullfilling reality with prices across the board skyrocketing due to the greed in human nature.

There's also the fact that the reason you can't afford the high prices is because you are undercutting others with what you sell and hence not ammassing as much cash as others.

hehehe i wouldent know i play on faydark and their are allmost no pally adepts for sale at my lvl... im lvl 28 and i just when looking for 2 days for adepts and found 3........ i have only found 2 for my self and all my other skills are app2 or app4 as its all i can find..... the adepts i do see some times go for 6g but i think its to high so i wait or find a difrent spell. as far as rares go..... i sell for under the price so i can getem off me quick.