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Furnishing mats monopol in game right now
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Linaleah✭✭✭✭✭
✭✭✭✭✭for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.
There is no monopoly here. It is just supply and demand. It is plainly obvious that there is a big increase of crafting furnishings which increased the demand. It is rather empty to claim this is due to some conspiracy or monopoly when the reasons for the price spike is so obvious.
I know for a fact that there is a monopoly, at least on PC. I know who is running it, he was very open about it. he is able to do what he does in part due to demand, but that doesn't change the fact that he is deliberately controlling supply and its costs.
in any case, this IS temporary and monopolies will eventually move on to corner other markets. me, I'm waiting it out. I'm fine with that. all I'm saying is, that the argument that guild traders prevent exactly what is happening right now? is bull. they prevent exactly nothing. the only thing that guild traders do more efficiently, so to speak, than central auction house is gold sink. that's it.Edited by Linaleah on October 12, 2018 8:22PMdirty worthless casual.
Lois McMaster Bujold "A Civil Campaign"Reputation is what other people know about you. Honor is what you know about yourself. Guard your honor. Let your reputation fall where it will. And outlive the ***5 -
therift✭✭✭✭✭
✭✭✭BretonMage wrote: »Or, it is because demand is high and supply is low.
Or, it is because people are buying up all the cheap ones to use, and the only ones remaining were those that were priced high?
Or, you could just farm the mats yourself?
[snip]
[Edit to remove politics.]
No, supply is not low. If you search on TTC, there are actually hundreds of pages of listings for these materials (I saw over 130 pages of listings yesterday for mundane runes iirc). Prices are being kept artificially high. Of course, we can just refuse to play this silly game of hype and just wait for prices to go down again.
Thanks for proving my point that centralized sales information encourages and simplifies market manipulation.Edited by ZOS_GregoryV on October 13, 2018 5:47PM1 -
YaligafSoul ShrivenLast week, I bought Regulus at 2K/ stack. This week, I’m selling it for 20K/stack. Months from now, I’ll buy it back for 2K/stack and furnish my house. Welcome to Economics and a Free Trade society!
I sold a stack of Mundane this morning for 40K.2 -
therift✭✭✭✭✭
✭✭✭Last week, I bought Regulus at 2K/ stack. This week, I’m selling it for 20K/stack. Months from now, I’ll buy it back for 2K/stack and furnish my house. Welcome to Economics and a Free Trade society!
I sold a stack of Mundane this morning for 40K.
Similar experience. As soon as that Summerfall meter passed 75%, I went on a furnishing mats shopping spree.
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kargen27✭✭✭✭✭
✭✭✭✭✭for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.
There is no monopoly here. It is just supply and demand. It is plainly obvious that there is a big increase of crafting furnishings which increased the demand. It is rather empty to claim this is due to some conspiracy or monopoly when the reasons for the price spike is so obvious.
I know for a fact that there is a monopoly, at least on PC. I know who is running it, he was very open about it. he is able to do what he does in part due to demand, but that doesn't change the fact that he is deliberately controlling supply and its costs.
in any case, this IS temporary and monopolies will eventually move on to corner other markets. me, I'm waiting it out. I'm fine with that. all I'm saying is, that the argument that guild traders prevent exactly what is happening right now? is bull. they prevent exactly nothing. the only thing that guild traders do more efficiently, so to speak, than central auction house is gold sink. that's it.
That guy is bragging and over exaggerating. With over 200 guild traders many of them power traders there is no way one person could monopolize the market on rare items let alone common items like furnishing materials. He might be taking advantage of the uptick in prices to his full advantage but he isn't close to having a monopoly. Each account can only be in five guilds and there happens to be way way more traders selling materials than just five. If he is just sitting on materials thinking he is creating a shortage he is going to be stuck with a lot of materials in a week or two because this rush will not last long. He might think he is controlling the market but with the sheer size and amount involved across all the players he is just a small part of a whole lot of people buying and selling. And again, if he is sitting on materials thinking he will benefit from that he will end up losing.and then the parrot said, "must be the water mines green too."0 -
therift✭✭✭✭✭
✭✭✭for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.
all I'm saying is, that the argument that guild traders prevent exactly what is happening right now? is bull. they prevent exactly nothing. the only thing that guild traders do more efficiently, so to speak, than central auction house is gold sink. that's it.0 -
idk✭✭✭✭✭
✭✭✭✭✭BretonMage wrote: »Or, it is because demand is high and supply is low.
Or, it is because people are buying up all the cheap ones to use, and the only ones remaining were those that were priced high?
Or, you could just farm the mats yourself?
[snip]
[Edit to remove politics.]
No, supply is not low. If you search on TTC, there are actually hundreds of pages of listings for these materials (I saw over 130 pages of listings yesterday for mundane runes iirc). Prices are being kept artificially high. Of course, we can just refuse to play this silly game of hype and just wait for prices to go down again.
Demand is high.
Also, TTC often has a delay capturing the sale of the item.
Edited by ZOS_GregoryV on October 13, 2018 5:49PM0 -
Armatesz✭✭✭✭✭Thank Stendarr consoles do not have add-ons that snitch to everyone the prices and availability of items across all guild traders, making it easy to snatch up all the cheap furnishing mats as you allege.
As for a 'global sales house'... imagine how easy it would be to corner the market on furnishing mats if all you had to do was visit one trader NPC rather than hundreds.
Global sales house system would be a disaster.
You're wrong. TTC exists now, and all major merchant-players use the search function. Keep telling yourself whatever you want to believe Professor.
Xbox na doesn't have any real credible site or any form that allows us to price check. From the almost year time I have examined on a constant basis a lot of the sites that do price checking also seem to be price fixing and are almost always invalid with the actual market value by actually checking guild traders. Any roamer on console can look around and find out the site is invalid for xbox na. As for furniture mats yeah they are very volatile now. Seen stack of heartwood going for 50k+ at various places... complete bs imo, used to seeing them for far less, shoot even seen some for around 8k for a stack before or less. Mundane runes far as I have seen have never had a stable price and I can't readily find any atm to give a price assessment for them. So for mundane runes that people are wanting, just go farm some enchant runes. That or get the daily in clockwork city that allows you to see them and only take everything but the quest objective.Ärmätèsz
Xbox NA
Guildless (by choice)0 -
therift✭✭✭✭✭
✭✭✭for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.
and btw? these monopolies? do NOT shop via TTC. they scan traders manually. if you rely on TTC, by the time you get to whatever listed deal you saw on a website, its been gone for hours. so yeah... monopolies on console very much exist.
Monopoly does not mean what you think it means. What you describe is trading - buying bulk at low prices to sell at higher prices.
all I'm saying is, that the argument that guild traders prevent exactly what is happening right now? is bull. they prevent exactly nothing. the only thing that guild traders do more efficiently, so to speak, than central auction house is gold sink. that's it.
It's your add-ons that is causing the problems. With your add-ons, any buyer can see everything for sale in one convenient website and buy up everything that he thinks is a buying opportunity.
The only thing slowing him down is the time-consuming trips to the guild traders.
If your 'auction house' existed, he could buy everything with the click of a button.
If price manipulation enabled by your add-ons bothers you, you should be grateful that the guild trader system slows him down.
Btw, 'Auction House' doesn't mean what you think it means, either. 'Auction' means you do not set the price on items you sell.1 -
jaws343✭✭✭✭✭
✭✭✭✭✭Good to know. I haven't crafted any furnishings since Homestead released. And I have farmed a ton of nodes since. Must be sitting on thousands of Mundane Runes. Time to make a ton of gold.0 -
DirkRavenclaw✭✭✭✭When Murkmire hits, prices will go up even higher, hopefully the Temper Prices get back to they where when Summerset was released. I sell a Tempering Alloy now for 4k, was nearly 5k when Summerset got released.Council Member of AtWritsEnd, Member of LoneWolfeHelp, Donor of GhostSeaTradingCO., Factor of EastEmpireTradingCO.,HonourGuard of ´DominionImperialGuard(DIG/PVP)
Master Crafter including Jewelry, i craft for Mats and Donation, always happy to help, if Im not in the Middle of PVP, i play since around 14 Months0 -
Troneon✭✭✭✭✭
✭✭✭Players have been complaining about the trading alliance and how the game economy works for a long long long time. ZOS dont give a flying ****.PC EU ADMaster Crafter - Anything you need!!High Elf Magicka Templar Healer/DPS/TankTrials / Dungeons / PVP / Everything1 -
JumpmanLane✭✭✭✭✭
✭✭It’s capitalism. Supply and demand drives prices. If some people list mats higher than their actual price then don’t buy them. The price will drop. You don’t have to furnish your house in a day.
People in this game whine about everything. Think a little. Be savvy and succeed.8 -
Mattock_Romulus✭✭✭✭✭Great. Another carebear special snowflake posting that they are entitled to cheap prices. This is a free market. If you don't like the prices farm your own materials.8 -
Armatesz✭✭✭✭✭for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.
There is no monopoly here. It is just supply and demand. It is plainly obvious that there is a big increase of crafting furnishings which increased the demand. It is rather empty to claim this is due to some conspiracy or monopoly when the reasons for the price spike is so obvious.
I know for a fact that there is a monopoly, at least on PC. I know who is running it, he was very open about it. he is able to do what he does in part due to demand, but that doesn't change the fact that he is deliberately controlling supply and its costs.
in any case, this IS temporary and monopolies will eventually move on to corner other markets. me, I'm waiting it out. I'm fine with that. all I'm saying is, that the argument that guild traders prevent exactly what is happening right now? is bull. they prevent exactly nothing. the only thing that guild traders do more efficiently, so to speak, than central auction house is gold sink. that's it.
That guy is bragging and over exaggerating. With over 200 guild traders many of them power traders there is no way one person could monopolize the market on rare items let alone common items like furnishing materials. He might be taking advantage of the uptick in prices to his full advantage but he isn't close to having a monopoly. Each account can only be in five guilds and there happens to be way way more traders selling materials than just five. If he is just sitting on materials thinking he is creating a shortage he is going to be stuck with a lot of materials in a week or two because this rush will not last long. He might think he is controlling the market but with the sheer size and amount involved across all the players he is just a small part of a whole lot of people buying and selling. And again, if he is sitting on materials thinking he will benefit from that he will end up losing.
From what I seen on xbox na, it is possible that a single person can control the market. Seen it happen on xbox na and was one among many that exposed it and dethroned such a person.Ärmätèsz
Xbox NA
Guildless (by choice)1 -
Tasear✭✭✭✭✭
✭✭✭✭✭Honestly demand is too high and not enough people selling them. I barely bought my supply a week out from the release.If you want to make gold then sell in zones and such.2 -
Androconium✭✭✭✭✭
✭So it came to this like I thought it would,
All main trading guilds are buying out all furnishing mats and selling them for 10-20 times more due to Psijic Home release to all players, I call it <censored> move. GM's should do something so that certain players who have 2 much gold cannot dictate prices out of their ill will because it ruins players who do not have time or know how to earn gold, some players I know already stopped thinking about furnishing their homes when they saw prices of mats ... Regulus price before frree home 4-5 gold now 30-40 a piece heartwood 10g / piece now 200... Grats you have killed last thing I enjoyed in game... If you ask me we need new ideas for trading in this game cause 1 or 2 trading empires dictate prices for everyone and it is making game not healthy. I know I am whining and taking easy way of making gold (200k + from crafting daily writs weekly and some motif sale also around 200k weekly), but for sanity sake pls do something about this so that all players can make their own homes furnished...
You could always farm and process the stuff yourself.
I started a discussion about trading a few days ago. You might want to put your suggestions there, as I knew that this would happen also. Or start your own discussion.
I have also been complaining for several weeks about the Mother that wants us all to work in the Mill for their own personal benefit. I got an official warning from ZOS about my use of the word "scum" as a result.
However.
If you knew the villa was coming and left it until the last minute to think about the make-over, queue up at traders like everyone else.
Just don't shop at the ones you know are ruining the game.
Sorry. Limited sympathy here.
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Minyassa✭✭✭✭✭
✭✭✭✭Eh. It was to be expected. Just means now I'll be grinding my own mats instead of buying them until prices calm down. I have WAY more time than money.1 -
Sylosi✭✭✭✭✭
✭Last week, I bought Regulus at 2K/ stack. This week, I’m selling it for 20K/stack. Months from now, I’ll buy it back for 2K/stack and furnish my house. Welcome to Economics and a Free Trade society!
I sold a stack of Mundane this morning for 40K.
The ESO economy is largely the opposite to free trade, you have one entity (Zenimax) that effectively control the supply of virtually everything, then also have enormous control on demand.
Then to top that off competition is artificially limited by the number of trader spots and further limited by popular spots.
Which then operates more like a cartel along with dodgy practices that distort the market like larger guilds buying up other spots.
Then to top it off you have that information on the market is limited and lacks transparency, again the total opposite to what you want in a well functioning free market.
As a "free market economy" ESO is a complete joke.Edited by Sylosi on October 13, 2018 12:49AM4 -
Linaleah✭✭✭✭✭
✭✭✭✭✭BretonMage wrote: »Or, it is because demand is high and supply is low.
Or, it is because people are buying up all the cheap ones to use, and the only ones remaining were those that were priced high?
Or, you could just farm the mats yourself?
[snip]
[Edit to remove politics.]
No, supply is not low. If you search on TTC, there are actually hundreds of pages of listings for these materials (I saw over 130 pages of listings yesterday for mundane runes iirc). Prices are being kept artificially high. Of course, we can just refuse to play this silly game of hype and just wait for prices to go down again.
Thanks for proving my point that centralized sales information encourages and simplifies market manipulation.
no one, NO ONE is manipulating market via TTC. there is too much of a delay on it. people do it via boots on he ground by physically checking the traders. and if you are going to say - they manipulate prices? nope, not addons fault either. becasue guess what? the same manipulation works exactly the same way on console, with no addon in sight. if anything - this proves the exact opposite of what you think it proves. this proves that trader system doesn't actualy discourage market manipulation.Edited by ZOS_GregoryV on October 13, 2018 5:49PMdirty worthless casual.
Lois McMaster Bujold "A Civil Campaign"Reputation is what other people know about you. Honor is what you know about yourself. Guard your honor. Let your reputation fall where it will. And outlive the ***2 -
Linaleah✭✭✭✭✭
✭✭✭✭✭for anyone who claims that Ah would create monopolies, while guild traders are more fair.. there you go. guild traders are NOT a defense against monopolies, in some ways - they make those even easier.
and btw? these monopolies? do NOT shop via TTC. they scan traders manually. if you rely on TTC, by the time you get to whatever listed deal you saw on a website, its been gone for hours. so yeah... monopolies on console very much exist.
Monopoly does not mean what you think it means. What you describe is trading - buying bulk at low prices to sell at higher prices.
all I'm saying is, that the argument that guild traders prevent exactly what is happening right now? is bull. they prevent exactly nothing. the only thing that guild traders do more efficiently, so to speak, than central auction house is gold sink. that's it.
It's your add-ons that is causing the problems. With your add-ons, any buyer can see everything for sale in one convenient website and buy up everything that he thinks is a buying opportunity.
The only thing slowing him down is the time-consuming trips to the guild traders.
If your 'auction house' existed, he could buy everything with the click of a button.
If price manipulation enabled by your add-ons bothers you, you should be grateful that the guild trader system slows him down.
Btw, 'Auction House' doesn't mean what you think it means, either. 'Auction' means you do not set the price on items you sell.
buying up everything listed bellow the prices you want to sell it and the relisting it is EXACTLY how monopoly works in this context, becasue you become the ONLY source of the materials.
and once again, for the people in a back. TTC DOESN'T WORK THE WAY YOU THINK IT WORKS. if you are relying on TTC to find deals, you will be disappointed, becasue guess what?
it does NOT update in real time. you can NOT find deals for high demand items via TTC. the ONLY thing TTC does is occasionally save time when you are looking for a very specific medium to low demand item that is not common on traders, so rather then running around through every trader in a game word - you limit your search to a few select traders you found your item actualy listed on. an even THEN its not 100% effective, becasue it doesn't update in real time.dirty worthless casual.
Lois McMaster Bujold "A Civil Campaign"Reputation is what other people know about you. Honor is what you know about yourself. Guard your honor. Let your reputation fall where it will. And outlive the ***3 -
Waseem✭✭✭✭✭
✭its monopoly ofcourse, some players hoard hundreds of thousands of these materials already, and make the price high globally, remember the panic hoarders had when ZOS released flowers sacks for 500 tel vars each? that helped drive prices down and hoarders ended up in tears1 -
Linaleah✭✭✭✭✭
✭✭✭✭✭its monopoly ofcourse, some players hoard hundreds of thousands of these materials already, and make the price high globally, remember the panic hoarders had when ZOS released flowers sacks for 500 tel vars each? that helped drive prices down and hoarders ended up in tears
the same dismantling of monopolies works with centralized trading economies, btw. traders do nothing to discourage this sort of behaviors and centralized trading is subject to the same techniques that eventually ruin monopolies in scattered style ESO trading. all I'm saying is that when it comes to monopolies and market manipulation attempts - ESO trade system is not even remotely superior to centralized trading systems - in the end result is EXACTLY the same.
and yes, mat prices will come back down in a few weeks.dirty worthless casual.
Lois McMaster Bujold "A Civil Campaign"Reputation is what other people know about you. Honor is what you know about yourself. Guard your honor. Let your reputation fall where it will. And outlive the ***1 -
menathradiel✭✭✭✭BretonMage wrote: »Or, it is because demand is high and supply is low.
Or, it is because people are buying up all the cheap ones to use, and the only ones remaining were those that were priced high?
Or, you could just farm the mats yourself?
[snip]
[Edit to remove politics.]
No, supply is not low. If you search on TTC, there are actually hundreds of pages of listings for these materials (I saw over 130 pages of listings yesterday for mundane runes iirc). Prices are being kept artificially high. Of course, we can just refuse to play this silly game of hype and just wait for prices to go down again.
I searched TTC for heartwood on Thursday - I wanted a couple of pieces to craft a cupboard - and there were hundreds of listings, but in the game every guild trader had none. I did eventually manage to find some, but yeah, there is a little bit of a shortage, at least on PC EU. I don't think it's people buying up things to sell for higher prices though, I think it's just that I picked a bad time to furnish Grymharth's Woe when the Psijic Villa had just dropped. I could be wrong, but I prefer to think that there was none because everyone bought it for their own furnishing projects.
Edited by ZOS_GregoryV on October 13, 2018 5:51PMTank Girl0 -
kaiage✭✭✭you blame zenimax; I blame economics.
supply and demand mfkr, get used to it.an anonymous EP nightblade and Templar...
also; a warden and nightblade of the aldmeri flavour.
"there's a dragon with matches, that's loose on the town..."
"it's no easy road, this struggle and strife... we find ourselves, in the show of life" - tab @ the tab
If you've been fallen by my steel or blade - sorry there's no tomorrow for yeh!
Kidding;) don't take it so bad, I've been doing this a long time0 -
Armatesz✭✭✭✭✭BretonMage wrote: »Or, it is because demand is high and supply is low.
Or, it is because people are buying up all the cheap ones to use, and the only ones remaining were those that were priced high?
Or, you could just farm the mats yourself?
[snip]
[Edit to remove politics.]
No, supply is not low. If you search on TTC, there are actually hundreds of pages of listings for these materials (I saw over 130 pages of listings yesterday for mundane runes iirc). Prices are being kept artificially high. Of course, we can just refuse to play this silly game of hype and just wait for prices to go down again.
Thanks for proving my point that centralized sales information encourages and simplifies market manipulation.
no one, NO ONE is manipulating market via TTC. there is too much of a delay on it. people do it via boots on he ground by physically checking the traders. and if you are going to say - they manipulate prices? nope, not addons fault either. becasue guess what? the same manipulation works exactly the same way on console, with no addon in sight. if anything - this proves the exact opposite of what you think it proves. this proves that trader system doesn't actualy discourage market manipulation.
I dunno about pc or ps4 or xbox eu but I know on xbox na that there are sites that try to say they put pricing for various items but a lot of the times they look like they are not even accurate at all and from what I can tell are price manipulation attempts. Seen others confirm this as well.
I did winded up following some of the prices and check to see who follows them and found out the people that manage them are in deshaan in mournhold. Then I found out who was managing the site and yea people called bs on him always.Edited by ZOS_GregoryV on October 13, 2018 5:53PMÄrmätèsz
Xbox NA
Guildless (by choice)0 -
BretonMage✭✭✭✭✭
✭✭menathradiel wrote: »BretonMage wrote: »Or, it is because demand is high and supply is low.
Or, it is because people are buying up all the cheap ones to use, and the only ones remaining were those that were priced high?
Or, you could just farm the mats yourself?
[snip]
[Edit to remove politics.]
No, supply is not low. If you search on TTC, there are actually hundreds of pages of listings for these materials (I saw over 130 pages of listings yesterday for mundane runes iirc). Prices are being kept artificially high. Of course, we can just refuse to play this silly game of hype and just wait for prices to go down again.
I searched TTC for heartwood on Thursday - I wanted a couple of pieces to craft a cupboard - and there were hundreds of listings, but in the game every guild trader had none. I did eventually manage to find some, but yeah, there is a little bit of a shortage, at least on PC EU. I don't think it's people buying up things to sell for higher prices though, I think it's just that I picked a bad time to furnish Grymharth's Woe when the Psijic Villa had just dropped. I could be wrong, but I prefer to think that there was none because everyone bought it for their own furnishing projects.
Yeah, when I went to look for mundane runes, all the reasonably priced ones were gone, and in their stead were hundreds upon hundreds of heavily marked up ones at 400-500g (minimum) per rune. To be honest, I think it's a bit of everything: demand is undoubtedly up, but so is opportunistic pricing.Edited by ZOS_GregoryV on October 13, 2018 5:54PM0 -
yodased✭✭✭✭✭
✭✭✭✭✭The lesson to learn? Be the ant and not grashopper, the tortoise not the hare.
Weird thing is, how do think they got the gold to "corner" the mats market?
They farm gold, which requires quite a bit more time and effort than questing. Not their fault you dont have the time or choose not to farm the mats yourself.
Its a non efficent free competative market that is elastic in general. The higher the price goes, the less demand is, but during this temporary scarcity, the market is not elastic yet. For the time being, as prices go up demand stays the same.
This is invariably short lived except for the most valuable commodities. Think gasoline and energy, price doesnt dictate demand. You still need these things regardless of price.
Right now you are paying two effective taxes. 1. Temporary demand surge tax and 2. New shiny tax.
Tl;dr really weigh the fun you have in game vs the business practices you are supporting.2
