Outrageous Guild Store Prices for Low Level Green and Blue Recipes

driosketch · August 2014

Anyone can ask for any price. Either they'll get a buyer or they won't.

apostate9 · August 2014

Jankstar wrote: »

liquid_wolf wrote: »

People with the money buy the vendors.
People with the money buy out competitors selling low.
People with the money sell these items at higher prices.

Which again makes them the people with the money.

When there is limited access to the market, then it isn't that difficult to create a monopoly.

I don't like a universal auction house, but I can't see a good way to "compete" in the market the way it currently is.

More vendors maybe?

At the rate more of these items are farmed people trying to get a monopoly on an item are in a losing battle. Especially since you just have to open boxes at the bank for recipes.

It seems to me they either have no idea of the price and are way over pricing them, or they know that only the market unsavvy use the new public guild stores and are trying to rip people off.

Either way don't use the public guild stores, they are just not a good shopping option.

Just....LOL. You go, business pro.

LonePirate · August 2014

SirenofEntropy wrote: »

I always try to be fair about the prices I ask for my goods. If you ever find a guild kiosk for The Cursed Children or Black Market Wares, I sell green recipes for 100g and blues for 200-500g depending on tier. I also sell all of the common motifs I find for 300g each. ;D

The Cursed Children kiosk was one I visited last night. Don't remember where but I remember the name. We are guildies at BMW, though. It is a great trading guild.

The vast majority, 98-98% of the recipes I browsed were priced reasonably. Obviously these overpriced low levels and some of the purple recipes going for 75K upwards (some of which were listed almost 10 days ago) were the exceptions. I will post a screen shot of that 2K level 1 green recipe if I can find it again this weekend.

SirAndy · August 2014

LonePirate wrote: »

Yet every single one of these unknown, low level green and blue recipes ranged in price from 2000g - 5000g. I found a green unknown recipe that was improvement level 1 which had an asking price of 2000g. A green recipe probably found on a starter island or maybe even in the Wailing Prison had a price of 2K! I was absolutely astounded by these prices. With a couple of exceptions, most of the listings were from the past three days.

Come to our guild store merchant, the low level recipes are usually below 50g.
I sell level 1 and 2 for the default 27g and many of my guild mates do the same.

thesongoftimeb14_ESO · August 2014

I sell all my greens to a vendor for 9g, they move to slow in the guild store. I started to get so many blues, that I list them all for 300g no matter what the level. I now have a bunch of purples, and when I see someone selling at a high price, I offer the same one for 5k lower and throw in 10 of all the ingredients to make that recipe. So, when you buy the one I am selling, you have immediate excess to making 40 of them yourself, or selling the tomatoes or oats yourself to get some recovery. And I still can't sell them as of last night, but maybe tonight there will be a bigger buyer crowd. So you are correct, the bottom is falling out on the purples.

Soloeus · August 2014

I charge kind of high prices, and people can afford them so they pay it. The same store with my recipes for 500-3k, have the same recipes for about 20g-300g. If nothing else, my 3k justifies a pricing of 2k for the dedicated.

There are a lot of people with a lot of gold, and frankly, when choosing your customer you must know how much self-perceived disposable income that customer has. I am looking to deal ONLY with players who have it, and are willing to pay and everyone else I say bye. A small, select audience but one that pays for me.

As for my mentality, I don't really care about the "Quality" level of the ingredient or recipe in question. Or the weapon/armor. I just charge one price fits all. And, I would stop if I arrive in 30 days and all my items expire.

Until then, I will enjoy escaping ESO Poverty.

Fleymark · August 2014

Has nothing to do with the new guild traders.

The low level blues recipes are the most rare. They drop slower than the high level ones and most people blow thru those levels anyway.

Trust me. I spent almost 3 weeks farming the 10 and 15 blues with an alt. In that same timeframe my main got every 50 and v5 blue four or five times over, roughly a dozen purple motifs, one purple recipe, and the alt got an Imperial motif, just to put it in perspective.

They are really freaking rare, is why. I easily sold my extras for 2-3k each. People groused about it in /zone when I auctioned, of course, but people who've actually tried to collect them happily bought them for those prices as would have I if I ever saw one for sale. Didn't have the new traders then.

Simple supply and demand. The high level ones are cheapo because they drop like mad and that's the most farmed levels. Doesn't mean everything lower level is required to work backwards from that.

Soloeus · August 2014

Also, I might only find 2 blue and 2 purple recipes in a week worth gameplay, while another finds 10. So, I will naturally sell them higher despite they have less value because they have more value to me.

Wal-Mart sells expensive General Merchandise and cheap groceries. Meier has expensive groceries but cheaper General Merchandise. Go figure.

Fleymark · August 2014

Oh and my favorite was the people who would send /tells trying to "educate" me on the error in my pricing.

"Those recipes go for like 300g...There are dozens in my guild store that do x more regen" Or whatever.

So I'd ask them if they were level 10 or 15 recipes because they should buy them, double the price and I'll buy them from them.

Every one of them came back with sorry it's a 50 or v5.

People in this game are so funny sometimes.

GnatB · August 2014

liquid_wolf wrote: »

People with the money buy the vendors.
People with the money buy out competitors selling low.
People with the money sell these items at higher prices.

Which again makes them the people with the money.

When there is limited access to the market, then it isn't that difficult to create a monopoly.

I don't like a universal auction house, but I can't see a good way to "compete" in the market the way it currently is.

More vendors maybe?

Shhh. None of that common sense out of you, the people that somehow think this guild market foolishness will prevent monopolies that would show up in a global marketplace will hear you.

My question though is how long before all the guild merchants (or at least the good ones) are really just owned by gold selling websites.

UrQuan · August 2014

When I find green recipes that I already know I don't sell them - I put them in my guild bank for anyone else in the guild to take them for free. For common motifs I'll either do the same, or sell them in a guild store for around 300 gold.

For blue or purple recipes that I already know, I'll sell them, but this is uncommon enough for me (I've never found a purple recipe that I already knew, and it's only happened a couple of times with blues) that I'll try to do some research first to see what's a reasonable price, and then list them for that or a little below that.

DenverRalphy · August 2014

liquid_wolf wrote: »

People with the money buy the vendors.
People with the money buy out competitors selling low.
People with the money sell these items at higher prices.

Which again makes them the people with the money.

When there is limited access to the market, then it isn't that difficult to create a monopoly.

I don't like a universal auction house, but I can't see a good way to "compete" in the market the way it currently is.

More vendors maybe?

Paranoia.

There are too many vendor kiosks to monopolize them. Only one kiosk per guild.

There are too many non stackable items to accommodate limited listing. In the OP's example, he's talking about recipes which don't stack. One account is limited to 30 listings. So to buy them all out, they'd kill their listing pool.

There's not a finite supply or source for the items. If someone were to buy them all up, the market would fill again in a very short period of time. Leaving the schmoe that tried to corner the market with an overstock that they can't move without taking a loss (or at best break even which is doubtful due to listing fees).

In a nutshell, the risk versus reward simply isn't there. More often than not, they'd suffer a loss.

RoyMallis · August 2014

I can think of two more reasons not exactly listed yet for this.

1. Due to the opening of the shop to public, there was a spike in demand. when high demand occurs market sharks up prices to make more gold. They tend to press the prices as high as they will go to see if they can get way with it in the current level of demand.
2. People will put up an over priced item and then under cut themselves by a bit so that their second listing looks like a good deal.

GnatB · August 2014

DenverRalphy wrote: »

Paranoia.

There are too many vendor kiosks to monopolize them. Only one kiosk per guild.

So let's say there are 90 "good" kiosks. it takes 50 active accounts to have a guild store. Each account can be in 5 guilds, so that's 10 accounts per store.

You really think there are less than 900 gold seller accounts?

And they won't even need to "buy out" under cutters (much). They can simply kick 'em out of the guild.

AlnilamE · August 2014

GnatB wrote: »

liquid_wolf wrote: »

People with the money buy the vendors.
People with the money buy out competitors selling low.
People with the money sell these items at higher prices.

Which again makes them the people with the money.

When there is limited access to the market, then it isn't that difficult to create a monopoly.

I don't like a universal auction house, but I can't see a good way to "compete" in the market the way it currently is.

More vendors maybe?

Shhh. None of that common sense out of you, the people that somehow think this guild market foolishness will prevent monopolies that would show up in a global marketplace will hear you.

My question though is how long before all the guild merchants (or at least the good ones) are really just owned by gold selling websites.

You have to have 50 guild members to have a Guild Store and be able to bid on a trader.

DenverRalphy · August 2014

GnatB wrote: »

DenverRalphy wrote: »

Paranoia.

There are too many vendor kiosks to monopolize them. Only one kiosk per guild.

So let's say there are 90 "good" kiosks. it takes 50 active accounts to have a guild store. Each account can be in 5 guilds, so that's 10 accounts per store.

You really think there are less than 900 gold seller accounts?

And they won't even need to "buy out" under cutters (much). They can simply kick 'em out of the guild.

I don't know that you can use gold sellers as an example. If there's anything I've noticed in the last couple of months, gold sellers are all but non existent in ESO anymore. There's just no market for them to put forth the effort you describe.

Not to mention, bidding on multiple kiosks is counterintuitive to their business plan.

In fact, I'd challenge you to point out just one example of a guild holding any kind of monopoly, or using practices to drive up prices.

Heck... I myself already posted my own recent experiences in this thread that runs completely contrary to the OP.

Cuyler · August 2014

Monkey see monkey do

more and more often i'll find noobs in my guild post items for ridiculous prices and before you know it every noob in the guild is matching that price with identical listings thinking its what the going rate is..../facepalm

I'll usally take them aside and let them know or point them to the "luminarytrade" addon.