Really, C'mon now... (in General)

A Shadow Cloak [11] (+2)
Details
For sale by auctioneer
ended

Net worth: $19,714
Net worth is a measure of how much has been spent on upgrades, not of market value.

Help: Shadow Cloak
Bids

* $308,700 Central Bank ( Mr. Chairman )
* $296,000 The Pope ( American Solo )
* $280,000 Wraithlin ( Wraithlin )
* $250,000 (max bid: $250,000) bid by Solare ( Oort Cloud )
* $220,000 Wraithlin ( Wraithlin )
* $180,000 Wraithlin ( Wraithlin )
* $140,000 Wraithlin ( Wraithlin )
* $120,000 Wraithlin ( Wraithlin )
* $100,000 Wraithlin ( Wraithlin )
* $90,000 Wraithlin ( Wraithlin )
* $80,000 Wraithlin ( Wraithlin )
* $70,000 Wraithlin ( Wraithlin )
* $60,000 Wraithlin ( Wraithlin )
* $50,000 Wraithlin ( Wraithlin )
* $31,000 Wraithlin ( Wraithlin )
* $28,000 Wraithlin ( Wraithlin )
* $25,000 Wraithlin ( Wraithlin )
* $22,050 Wraithlin ( Wraithlin )
* $20,000 Wraithlin ( Wraithlin )
* $16,967 Wraithlin ( Wraithlin )

Ok, Central Bank bid on an auctioneer item worth 19k, for ...
Drumroll please...
300k?!!

This nonsense needs to stop...

Moved to general.

Obviously, this item is not worth 19k, it is worth 300k.

Yeah sorry, didn't mean to post in the wrong spot.
Thanks for that.

However, now this item has vanished into the void, it will likely be resold eons from now.
The point is, no one gets to use this now.
I see no point in Central Bank bidding on this item. Maybe according to an item's networth, but not something with a networth of 19k, bidding 300k on it.
I disagree.
I think its unfair to those actually wanting to put use to the item.

Average price for Shadow Cloak has been sitting around the 200-300k mark for a long time now.

Although yesterday Central Bank bought one of a similar size for about 160k.

Sorry, actually it bid 160kish, but was outbid for the bargain price of 175k.

So rares are actually worth money.


Some complain about rares being too extant.. some complain about central bank. Either there's a logical disconnect for some people, or clearly two very different groups of people on CB.


Either way, I'm not wasting anymore words on this.

It is what it is.

Nothing we can say will make it go away. As Jon says, you should have bid more if you really wanted it.

However, as a seller, Mr. C works great sometimes, giving you a nice bid for your items.

It is up to sellers to set a higher minimum bid if they want a better price for an item.

"Some complain about rares being too extant.. some complain about central bank."

I complain about both.

uhm, Mr. Chairman is a good buddy of mine.. if you want an item, you have to place how much you're willing to pay for it, not just outbid the next dude by $1.. if you really want it, Mr. Chairman will never win since it's not in anyone's best interest to outbid you

"not just outbid the next dude by $1.. "

It doesn't allow you to do that anyway.

Actual bidders shouldn't have to overbid to escape a greedy bot. If you wanted more for it, you should have set a higher price.

pffft, i've had people bid one increment at a time until my max bid kicked in, then let me win at my max bid.. if a player can knive the bidding so that i pay the maximum amount for his friend's auction then i think Mr. Chairman is a decent, friendly businessman in comparison

But Mr. Chairman isn't a businessman, unlike those players you mention. It's just a bot.

...sigh

Setting a higher price doesn't change the market. Removing items changes the market. This keeps the CB market artificially more stable, which is helpful because unlike the real economy, the CB market has a very small number of people. If the game simply kept generating items, with a pretty constant/declining number of users then prices would simply drop like rocks.

If you want MHs to be worth 100k, go ahead eliminate the chairman.

"Setting a higher price doesn't change the market. Removing items changes the market."

Then reduce the number of spawns.

Don't put something out for players to bid on just to take it back.

And don't stick extra cash into seller's pockets.

That doesn't work with a constant, let alone declining, user base.

Who are these sellers who are getting an advantage? Everyone sells. It's equal opportunity.

Does it really annoy you that much to lose an auction to a bot? Just put in what you're willing to pay for it.. end of story. What if we make auctions anonymous? Would you still care?

I may not have the right of it here, but...
If someone had put a max bid of 310k on this, would the bot still have bid, or could you have got it for (say) 305 (or whatever he deems is a fair price), or would he force you up to your max (if you see what I mean)

The bot makes one single bid on any item.

Like Bob says its a bot. From what i understand he bids up one increment in the last 15-20 min of a sale if the current bid is lower than what he thinks is market value. Leading me to think that if someone would have had a max bid of $308,701 or higher they would have gotten it from CB. Theres definately ways to get around him but if noones there to bid up or noone has a good max bid, CB shows no mercy.

I can understand why some people like the Central Bank to stick around. I, however, disagree with bidding on something that benefits no one: that is, whenever auctioneer sells the item.
No one gains from that. There should be no reason to bid on that item.
Let the players bid whatever they want for it. That's what I think anyways.

I agree on Solare for that one. There is no real advantage to having Central Bank bidding on non Player Auctions.

lol, you're missing the advantage that you rely on.. the central bank keeps the items at a decent value.. if the item didn't disappear, then if you own the same item your item is now worth less (inflation).. and if people get away with buying items for minimal value, then eventually the minimal value becomes the current value.. that's how economics works

Before you slam Mr. Chairman, understand that the alternative is much more painful.

The alternative of not having Mr. C?

i would suppose that he means having all of the rares that mr. c has pulled from the economy still in the game and the effect that would have on prices of said "rares".

"The alternative of not having Mr. C?"

all rares spawn as drops?

hmm, double the drop rate... I like where this is going

it's the opposite nothingofconsequence. If there isn't a mr chairman less items would spawn.

Also those who do spawn would end up being far less and less worth...

What is a drop?

I thought that was a rumor.

tear drops ;)

Items have to be removed from the game. If Mr C wasn't around, it would just have to be replaced with another mechanism that achieved the same result.

Why do items have to be removed from the game?

The reason I ask is that we have players coming in all the time, some even staying a few days/weeks. Then they leave without selling out.

We have players who have been here for years, then leaving without selling out.

All with rares that are never going to see gameplay again.

Is that not enough of a rare sink? How many items overall does Mr.C remove from the game? Enough to really make a difference?

But each time he overbids, it is very frustrating for those playing not to get that great bargain they search high and low for.

Do items still need removed from the game. Hell yeah! The demand for items is quite awful now, new items are being generated and they need to be taken out of the market. Oh, and it's still quite possible to get a great deal even with Mr. C out there.

Details
For sale by KrossOut
ended

Net worth: $402,910
Net worth is a measure of how much has been spent on upgrades, not of market value.

Buy now: $2,100,000

Help: Set of Noldorin Spellcasters
Bids

* $700,000 (max bid: $1,000,000) bid by Titan ( Ares the Great )
* $650,000 Deemer ( Bam Bam You're Dead )
* $550,000 kevlar ( Pack Mule Service )
* $450,000 Central Bank ( Mr. Chairman )
* $350,000 The Pope ( American Solo )
* $205,001 Conan ( Chluk boum )
* $200,001 Lord Bob ( Lord Bob )
* $100,001 Lord Bob ( Lord Bob )
* $1 Ranger ( Heroes )

I think we need to ask why the demand for items is low.

I believe it is not due to the oversupply of items but rather the lack of true demand.

Most older players have the items they need. New players can get them easily. But how many new players are out there compared to the existing items there are.

The NS you quote is a supporter item, with no more coming via auctions/drops.

The reason the item market is crap is simple... NW-PR!

NW-PR has been in effect a long time. It has something to do with the current market, but I personally am seeing more and more people selling out with less demand.

"The reason I ask is that we have players coming in all the time, some even staying a few days/weeks. Then they leave without selling out. We have players who have been here for years, then leaving without selling out."


I really doubt that's enough of an item sink. Many people do sell all their items when they leave. The new users that show up for a week/then quit certainly help, but anyone who only shows up for a day isn't that useful. I'm not sure on the statistics on this, but I doubt it's enough to match the chairman.

Besides if it was enough, he wouldn't be winning any auctions.

Maybe Cube.

But I do not have the stats on items that are on abandoned characters.

Those on accounts that have been not used for a lengthy period of time.

I guess Jon has those exact stats and uses them to see if more or less items are needed by those playing.

But then again, if you really want the item, just bid more than the next bid. Even 1 CB more would have done it in this case.

"I guess Jon has those exact stats and uses them to see if more or less items are needed by those playing."

i think that is built into mr. chairman actually. when the prices are falling is when he does his bidding, right?

Mr. C is a bit behind the curve so to chat.

Like when the BoE came out, he was still buying MCMs for 300k. When everyone was barely paying 50k for them.

Same thing when an item gets a buff.

But over time I think it averages out.

As those with MCMs got more than they were worth due to Mr.C generosity.