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    • CommentAuthorjthg
    • CommentTimeNov 16th 2007
     
    Is there any feature in Auctioneer for calculating the average gold loss due to an auction expiring and factor that into the suggested bid/buyout prices?

    I mention trade volume as well as deposit cost because I think that trade volume is inversely proportional to the size of market price fluctuations. For items that are heavily traded, like runecloth, the price remains fairly constant and you are pretty much guaranteed to have a buyer if you sell at below the historical average. In the case of items with low trade volume, say a blue world drop, the price of the item fluctuates wildly on the scale of a few days, depending on what buyers are available. For these items, it is virtually impossible to predict the market price of the item over the next 48 hours.

    What's kind of weird about WoW's economy is that the consequences of setting the price too high versus setting the price too low are very asymmetric. There are plenty of items in the game whose deposit is 20% of the market price. I think that normally (in RL) volume doesn't affect price very much because the consequences of setting the price too low are about the same as setting the price too high (in fact, high volume goods usually sell for a lower price because of economies of scale, something that WoW doesn't really have). In WoW though, volume should be proportional to asking price because the penalty of an expired auction is so high.

    So I was thinking of a formula that's something like this: (asking price) = (historical price) - (deposit) * (some fractional constant) ^ ( (volume) - (some positive constant) )

    Please tell me if auctioneer already implements something like this... Otherwise, any comments would be welcome.
    • CommentAuthorgilafro
    • CommentTimeNov 16th 2007
     
    To answer your question: Yes, you can factor in deposit cost up to 10 times in one of the GUI functions (sorry dont have wow up right now cant tell you what it is). You have to scroll down on the window as it is at the bottom, maybe this is why your missing it.
    • CommentAuthortestleK
    • CommentTimeNov 16th 2007
     
    Posted By: gilafroTo answer your question: Yes, you can factor in deposit cost up to 10 times in one of the GUI functions (sorry dont have wow up right now cant tell you what it is). You have to scroll down on the window as it is at the bottom, maybe this is why your missing it.


    The question that just came to mind is what length of post is the deposit calculation going off of? Is it going off of the deposit costs for whatever you set the default to for posting?
    • CommentAuthorKinesia
    • CommentTimeNov 17th 2007
     
    It does calculate this out, yes.
    But it includes whatever you have for that particular item (or it seems to) so the default is usually big.
    I dislike using this option... I'd rather sell something first try at a smaller profit than get depressed every time it doesn't sell, but that's just me, it may not be the best idea monetarily!
    • CommentAuthortestleK
    • CommentTimeNov 17th 2007
     
    thats funny, I agree sell it faster, more more product, its the American highway to success. I follow the same principle. I just use the deposit price calculation as a profit buffer :P
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