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Why do people get so upset at getting undercut on the AH?
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Post by
WolfwoodSama
For example, frostweave cloth. Miraculously there were no stacks with buyouts on the AH one night so I posted some for 11g 99s. I only put up about 5 stacks, and that was a pretty high price given the average price is usually 5-6g a stack but I figured some impatient person would show up and buy them before more people posted. A couple hours later I notice people put up a bunch of stacks not for 11g 98s or even 10g, but for 5g buyouts. I have no idea why, when they could've taken advantage of the small supply, priced high and we all sell
I agree completely. It makes no sense. An example; solid majestic zircons were selling for 185g each while uncut majestic zircons were 150g. After the AH cut you make a modest profit of 20g or so. Theres some undercutting, but the price stays around there. Then some idiot comes along and posts a dozen solids for 160g each! After the AH cut thats no profit at all. I guess he must have bought uncuts earlier when they were cheaper, got them from emblems or honour, of prospected them. The point is theres no reason to sell them so low. People are happy to pay the normal price.
But they're even happier to pay the cheaper price. How long do you suppose his dozen zircons stayed on the AH? He'll sell 12x gems at 160g MUCH faster than someone selling them at 185g. So, by the time others' gems have sold he's already looting his mail and buying more mats to make more profit.
Post by
261871
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Post by
yorkiemum
I've seen quite a few things selling for $350 ish and the bid is $50. I don't think people expect anyone to wait 24/48 hours. I will. I bid fairly often. If I don't get it, then I don't get it. If I do I'm always surprised that no one else bid too.
I undercut some most of the time. But then once someone buys mine, they buy the next persons who is less than the person before them. There are times that some have undercut so much and there are pages and pages of the item that it is just best to wait a few days.
Only time I've refused to buy is when you see someone has listed 30 of some item and then comes one lone person who probably posted before the latest seller and the price is not much of a difference. Won't kill me, but I'll buy the one item. I think it also has something to do with my mood at that time too. ;)
Post by
292411
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Post by
528207
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Post by
WolfwoodSama
The only undercutting that really annoys me is intentional market destroying *!@#$%baggery - like the guy who dumps a bunch of stuff for no other reason than to keep anybody else from selling it. Saronite bars are sitting at say 33g a stack (already pretty low), and vendor trash for 25g a stack, then somebody comes along and puts up 30 stacks at 26g 25s (exactly the vendor price +5% fee). That person is just being an ass, and ruining the market for everybody else while making exactly no gain for himself. He gets the exact same as if he'd vendor trashed the bars, and it's a 1.25g loss per stack for anybody else to clear them out of the AH and reset the price.
Actually, that person's acting as a supplier of sorts depending on other markets. Sure, the farmers may be upset, but that's why farmers don't make as much money as the more economically inclined. To someone like me, he's saying, "Here, instead of spending 30+ minutes farming up 40 saronite ore, just pay me 26g for the time you would have spent. Use it to make belt buckles or something, I don't care."
Time is money, after all.
Post by
WolfwoodSama
Markets are markets. People are people.
People screw people with markets
. Should Person F care about Person N's Tears when they get screwed out of 13 Million on a car sale? Possibly. Do They? Unlikely.
I bolded it. My initial point was that as much as we want to separate the two, we cannot. In fact one impacts the other and vice versa. I'm a huge proponent of free markets and such.. I love technology and often markets help push forward innovation.
In fact, ethics affect markets all the time.. look at slavery... sure it was a common method to get labor. But people got together and decided it was inherently wrong to enslave human beings. While these circumstances might not exist today (I cannot say with complete certainty, because there is such a thing as "slave wages") I can say often the "moral impact" or "ethical" impact can be huge or tiny... something like refusing to buy good made from a certain company because of their labor practices.
I'm not arguing the right and wrong of any of it. The only point that was being made... is that the two cannot be separated. They they don't exist in their own world (much like WoWs economy which really has no negative impact on players in RL)
Ethics have no place in the market, ever.
This is the original quote I was addressing. The reality is that there are many rules to doing business and for consumers, sometimes there is more than the sticker price to factor in when considering in purchasing a product.
Whether we wish to acknowledge it or not, or whether we want an ideal market is irrelevant... we aren't talking about the way thing "should be" we are talking about how things ARE... I have met many people who, when purchasing a product, it is important to them that it be environmentally safe. That is an issue of morality for them... in the environmentally conscious consumers mind it is unethical to purchase a product that is not environmentally safe. These folks exist.. I'm not talking about the right and wrong of it... I'm talking about how people sometimes look beyond the price of a product.
EDIT: The fact that
business ethics
is an academic discipline and there are
organizations
dedicated to it says that they don't exist separately.
Now, explain in explicit detail how that relates to WoW in a way where being fair and ethical on the AH actually matters.
Post by
528207
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Post by
moocow
He would make the exact same money selling the bars to a vendor. He's saying to you, "Here, instead of spending 30 minutes* farming 40 saronite ore, pay me
exactly nothing
for the time you would have spent."So buy it and resell it. Or make something of it. I'm an alch, I buy all Saronite bar stacks at 30g, make Titanium of it, and make a nice profit. The low-poster gets their stuff sold, other people get titanium cheaper, while the price of Saronite increases to >30g / stack, meaning the other farmers get more money for theirs. Win / win!
d3xx:
alchemy
+
transmute
spec.
Post by
155517
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Post by
Robyn
The only kind of undercutting that annoys me is if people go below cost price. As soon as that happens, everyone loses. For the rest, well, it's a free (game)world ;)
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544673
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122668
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Post by
d3xx
I usually undercut by say 1 copper just to sell quicker. Because honestly like that one guy said, if you saw something for 100g then 99g, what are most people going to choose?
I'd choose the 100g. But if yours was, say, 95g; then i'd buy that.
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542969
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22195
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