ESO Economics

Zama666 · November 2020

So after the bonus event, think there will be a reduction in in mats at guild stores?
Up?

Does Mournhold have the busiest guild stores?

Any one track that this stuff? Or what page, add on will help me figure stuff out?

Where are the ESO Economists - chime in?

Tanks!

wolfie1.0. · November 2020

Zama666 wrote: »

So after the bonus event, think there will be a reduction in in mats at guild stores?
Up?

Does Mournhold have the busiest guild stores?

Any one track that this stuff? Or what page, add on will help me figure stuff out?

Where are the ESO Economists - chime in?

Tanks!

The answer to all of your questions is:

It depends....

Ok but seriously it does. The first one depends on participation of the event, how many people have craft bags, the contents of said bags, the desire of people to farm their own mats, the desire of people who farm said mats to part with said mats, the amount of people that want to sell their mats that also are in guilds that have traders, the opportunity costs of selling other things, the price that people list said items, and the desire of people to travel to said traders to buy said items, among other factors...

So as you can see there are no simple answers...

Araneae6537 · November 2020

For GW2 there are websites where you can see the price of items over time and how they have previously responded to various events, armor updates, new releases, etc. I don’t know if there is any such site for ESO as I imagine it would be much more difficult without a global trading post. Also the absence of a global trading post tends to keep prices all over as people posting items for sale don’t have instant information on how many other people are selling and for what price.

This weekend there was much more than usual offers to buy gold and furnishing mats in zone chat and not always horrible offers but would probably make a nice profit for the buyers if they are able to flip the mats at current prices. It can be a win-win, especially if one is not in a trading guild but would like to sell the mats.

xaraan · November 2020

I think you could see a handful of good deals out there, but overall no big reduction. Some people that normally would buy mats may have been able to stock up a little and won't be buying any for a short time to balance out the extra mats sellers picked up. Then you have the players that save up all their mats no matter what so any extra mats won't go to market. And you have others that purchase any deals regularly to stay stocked up because they produce so much, so you'll be competing with them to snatch up any good deals right away before they are gone.

Zama666 · November 2020

Thanks!

I found prices stayed about the same, but big swings in prices per guild store (the usual)

Mournhold prices were about the same, and higher than other places.

So much for my economic theories. Back to harvesting.....

Karm1cOne · November 2020

Big price swings usually occur in accordance with meta changes, when lots of people gold out the new "best in slot" gear. Don't expect any big changes to the meta any time soon. ZOS apparently likes the current meta.

Calm_Fury · November 2020

Mat prices never really change too drastically. At this point, people that do writs consistently have humongous amounts of mats already so offer is not really affected that much by events. I've never experienced mat prices changing drastically during those events (though it has been a while since I traded heavily).

The only things that really cause huge price spikes/drops are motif events and when big names publish builds with BoE gear that was not really used before.

A motif event can send the price of a page from 200k to 30k in days. A big content creator releasing a build can send the prices for the pieces of that BoE gear from 0 to even 1 million in a day as well.

Other than that, prices in ESO are actually quite stable. Mat prices always go up leading up to patches. A lot of people that sell mats from writs hold on to them a little to see if they will need to change gears, then when the patch drops several people changes gears in multiple characters, so offer goes down and demand goes up.

In my experience it never lasts more than 2-3 weeks, though, then it all goes back to normal.

Zama666 · November 2020

Looks like prices did not budge!

that 2 for 1 temper sale never happened.

harvesting is still crazy, people still making the rounds!

FYI - I did a Jewelry Survey during the event - same number of drops 18-20 per cluster. No doubling.

Araneae6537 · November 2020

Zama666 wrote: »

Looks like prices did not budge!

that 2 for 1 temper sale never happened.

harvesting is still crazy, people still making the rounds!

FYI - I did a Jewelry Survey during the event - same number of drops 18-20 per cluster. No doubling.

The survey nodes are never affected by double mat drops or any other changes/additions to standard harvesting nodes.

Lumsdenml · November 2020

Zama666 wrote: »

Looks like prices did not budge!

that 2 for 1 temper sale never happened.

harvesting is still crazy, people still making the rounds!

FYI - I did a Jewelry Survey during the event - same number of drops 18-20 per cluster. No doubling.

BTW, never seen so much farming in Cyrodiil until that Colovian War Torte dropped...