is the auction site accurate?

[Lojik]

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

Neither site really accounts for haggling done behind the scenes. The prices are just the "sticker price."

Of course it doesn't, but it does a fairly good job. Especially for commonly sold items. In theory it could be way off, but is it in practice? Can you give specific examples of where it's way off on average listed price?

I usually find that the people trying to screw you over the most with prices don't advertise the prices, so a site like p99 auctions usually benefits buyers.

[Cecily]

It hurts me as a trade skiller. Competitors and people selling their old tailored gear cheaply creates a new "going rate" and gets me yelled at when I ask 500-1k more. At a certain point it just becomes unprofitable to make the stuff.

[indiscriminate_hater]

Check out pages 1-4 for the Canni 4 auction history: http://www.p99auctions.com/Loot/Spell$_Cannibalize_IV

This should give you a good idea of the value of this tool

[Baler]

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

Check out pages 1-4 for the Canni 4 auction history: http://www.p99auctions.com/Loot/Spell$_Cannibalize_IV

This should give you a good idea of the value of this tool

I remember seeing people trying to sell canni 4 for 100k no joke

[Cecily]

I have a copy of canni IV if you want for 100k obo.

[Freakish]

Canni4 was worth 100k before they patched it to drop from more than 3 monsters in game.

[EdTuBrutus]

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

Gotta have some starting point for discussion. p99auction is as good a place as any. I'm always instantly suspicious of anyone who tries to claim they aren't right. How would they know? I'm supposed to trust Random Guy X that he's representing his all-day tunnelquesting to my benefit? If you believe that I have some swampland in Arkansas you might be interested in.

The biggest problem Ive come across is that a hell of a lot of people seem to think that P99 is prices so they don't have a conversation at all.

[myriverse]

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

Of course it doesn't, but it does a fairly good job. Especially for commonly sold items. In theory it could be way off, but is it in practice? Can you give specific examples of where it's way off on average listed price?

I usually find that the people trying to screw you over the most with prices don't advertise the prices, so a site like p99 auctions usually benefits buyers.

I wasn't trying to discredit any site, just explaining what the list prices represent. I think all are quite accurate and useful tools, especially when watched across time.

Agreed about those who don't advertise prices, too.

[Lhancelot]

It's fairly accurate except on very rare items where only that item is sold and auctioned by a few people, which is how the the site gets manipulated.

There are some items which are quite uncommon such as a "Staff of Dreaded Gaze", for instance. Due to it rarely being sold this item's price has gone from where the older wiki site which we used to use as a reference for prices show it listed in the past 10 months commonly at 20k.

Now on P99 auction site this same Staff of Dreaded Gaze is up to 47k as it's monthly average price. That's because it's rarely sold, and whoever has been selling it recently are now pricing it at an insane price, knowing that the majority of people buying and selling now use P99 auction site as a reference for prices on items.

Also, P99 auction site can be easily manipulated if an item has not been listed for a month. All it takes is one person to auction that item for any price, and that price automatically becomes the average monthly price on that item.

In a nutshell, the vast majority of items are pretty fairly referenced for their worth, especially when they are auctioned by lots of different people at different times.

There are instances where an item is way off-mark.

Either the off-mark items are extremely rare and so any price can be attached due to it being seldom auctioned, or people deliberately manipulated the price by placing fake WTS auctions to bump up the price on that item.

As the market prices on P99 auction site get more and more manipulated, it will become more important for people to actually know a items worth too.

Which is fine by me. I think that like any skill, one should have to practice and put some effort into it.

This site actually ruins the true bartering system that EQ1 had in the past. Not at all classic here.

You used to have to be familiar with prices via study and time put into the tunnel.

Now, all a player has to do is click to P99 auction site, and get some supposed 100% accurate price that everyone is supposed to honor.

As we have pointed out though, that's not always the case, it's NOT always accurate.

[Baler]

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

Item value on p99 is a perception.

I'm upset people don't understand this and some people choose to abuse this.