Economy Healing NA server . Aetherial dust back over 200k average price

ElderSmitter · July 17

The ESO Economy has bottomed out and rising and healing.

Aetherial Dust down to 8 pages on TTC which is virtually nothing for an item mostly sold individually and half + Sold with an average back over 200k

Mythic Aetherial Ambrosia selling over 70k routinely per drink.

Routinely selling DLC Motifs for 100k gold +

Harder and Harder to buy Bulk Dragon Rheum in 50+ quantities under 2,000

I like what I see!

Regards

Elder

NoSoup · July 17

I don't think inflation is a sign of an economy "healing"

Aliniel · July 17

I'd say it's a sign of low population. The Content Pass seems to be rated very poorly by players. Also, it's summer so I imagine some people aren't playing as much. The items you mentioned are "rare". They only drop from certain sources so it's expected the supply will dwindle when population is lower.

Orbital78 · July 17

Supply and demand, my last mythical ambrosia listing didn't sell. I didn't bother relisting. Dusts are pretty rare to drop usually.

Most motifs are dirt cheap, even dlc unless they're the newer ones. There may be less ppl farming DLCs too. Scriveners and newer are okayish.

At a certain point the effort to hunt dragons isn't worth the price. I have thousands of rheum but they are personal stash unless value breaks 6k again.

JHartEllis · July 17

Nothing has changed to cause healing. The market is anemic.

I was really hoping they'd have something for U47 considering the weak economic game was by far the biggest concern from the guild summit.

drkfrontiers · July 17

If the drop rate is so poor the prices should be high.

Increase the drop rate, lowers the price. Tah-da!

ghastley · July 17

Do I detect a bias towards the sellers? A good economy leaves both sellers and buyers happy, and produces a high volume of trade. Prices rising is called inflation, and that's not a good sign overall, as fewer want to buy.

Orbital78 · July 17

ghastley wrote: »

Do I detect a bias towards the sellers? A good economy leaves both sellers and buyers happy, and produces a high volume of trade. Prices rising is called inflation, and that's not a good sign overall, as fewer want to buy.

if things have no value and are not worth farming or listing, that is bad also.

L_Nici · July 17

Who even buys Ambrosia nowadays? We get XP-scrolls like every other day.

Orbital78 · July 17

L_Nici wrote: »

Who even buys Ambrosia nowadays? We get XP-scrolls like every other day.

IKR who isn't CP3600 these days.

DenverRalphy · July 17

Dusts and Ambrosias sales spiked with the introduction of subclassing. Definitely temporary as it will agai decline as the masses finish leveling all their sublcasses.

Desiato · July 17

It's all relative. Sure, we get less for what we sell, but almost everything is also less expensive.

From my pov, even the trading economy of a couple of years ago was terrible compared to between 2014 and when I quit the first time in 2019. Higher prices doesn't mean better trading. Again, it is all relative.

There are two main reasons.

One, ZOS made everything too easy to get, so there is no exclusivity outside of some polys, monster style pages and random other things.

The subject of surveys comes up in the forums because players have so many from writ addons. Before then, harvesting was a legit way to get rich. And it was competitive. HvH was a thing. And it was super fun at a trading level because harvesting enthusiasts would often form long term relationships with trading enthusiasts. I'm sure that still happens to some degree, but I can tell from the abundant nodes everywhere I go it's not the same.

The gold economy has been completely ruined for years. We could see inflation spike almost overnight if it were easy to gift crown store items because there are countless ridiculously gold-rich players who have nothing else to buy.

An honorable mention would also be TTC.

I was a trading enthusiast in the hayday and I don't foresee it ever coming back because the game is so watered down now.

kargen27 · July 17

ghastley wrote: »

Do I detect a bias towards the sellers? A good economy leaves both sellers and buyers happy, and produces a high volume of trade. Prices rising is called inflation, and that's not a good sign overall, as fewer want to buy.

that is an oversimplification. Inflation is a lower buying power. Prices rising faster than the ability to make gold rises. A series of events caused supply to greatly outpace demand and that resulted in a severe price drop deflating prices to a level that was unhealthy to the economy. We are now seeing a correction back to prices that can maintain a healthy economy. We won't ever see those super high prices again probably but there should be a slow and steady increase for a while before leveling out.
Even some common materials have edged up a bit making them worth listing again. That isn't inflation that is a needed correction.

Heren · July 17

Are the dolphins back in Lake Rumare aswell ?

zaria · July 17

L_Nici wrote: »

Who even buys Ambrosia nowadays? We get XP-scrolls like every other day.

This I uses lots of 150% xp scrolls leveling sub classes, why not use them now?
Even then I make an new alt they are not in that much of an hurry as they need to level riding.
Still has 50 something perfect roe from back then I got that the CP system would change so I bought many hundreds.

zaria · July 17

Orbital78 wrote: »

L_Nici wrote: »

Who even buys Ambrosia nowadays? We get XP-scrolls like every other day.

IKR who isn't CP3600 these days.

In my guilds just 2-3 are cp3600 but past cp 2000 is just an convenience as you can easy switch without armory.

ElderSmitter · July 17

NoSoup wrote: »

I don't think inflation is a sign of an economy "healing"

Inflation and a healing ESO economy are completely different. Inflation was Dragon Rheum at 14k per not 4k per.

Healing is what happens after an economy crashes to the downside excessively past where it should be and supply and demand replace panic selling.

Big difference.

bmnoble · July 17

You mean items directly linked to faster levelling are being listed for more, following an update that introduced all those sub classes for people to level up in order to make use of?

If there are pages of them listed they aren't exactly flying off the shelves and once people have the sub classes they want levelled demand will drop off again.