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That sucks, I hate it when that happens
Me too. Faced with the same issues, then I have someone that will post a few of each gem at 10 gold each when the prices might be similar to the ones in your picture, no problem I just buy them out but the concern is that they have a massive stock in their bank that they are trying to get rid of and will come back posting with more zeal.
Other than the quantity I really dont see this as that unusual. To do this right he should post at 48hours and post fewer. I dont find that people do this are scared…..they are often just trying to scare people off and flexing their muscle. We had one do this for 4 months and kept many of the gems low….all green, yellow, blue and orange were selling for less than 15gold each while ore was at 35 gold a stack. Most of them were even under 10gold. Do this long enough and there are fewer people in the jc market. I see this often and in the other markets.
I myself have tons of gems as ore was easy to get at 20g a stack. When you cant sell all the infernos you get and they just keep stacking….the other gems will be even higher. The question is how to get rid of them. I wouldnt necesarily do a cut the way he is but would dump them uncut for bulk purchases.
While I would say jc is a fairly profitable market….I still find there are better markets out there for easy gold. There are just too many jcs on my server even if I work with a small cartel. Collusion is wonderful.
If this was less than 10, they’d be sitting in my bank right now, and I’d be innocently fluttering my eyelashes in public and smugly ready to post them back up at maximum profit
I’m doing ok with selling stacks of 10 uncut gems cross-server to a hungry opposite faction, and turning the amberjewels into bloodythirsty necks/rings. Raw amberjewels 3g60s. Rings: 400g. yum yum!
Also need to include that there are more “gold tipping” sites that suggest using TSM, if you set the margin
wrong and let it auto post (at least it’s verison of auto post) you will get some results like this.
When I see someone do something like this I tend to say thank you and buy them up, I’m very patient and
the odds are they aren’t going to continue to do it again. Even if it’s only a 15 to 20g profit it’s pretty much free
just needing space to sit in my bank.
The only ones I’ve gotten burned on are the Ocean Sapphires which just seem to drop like a rock regardless of how many
times I try to flip the market. I still make a profit by selling one or two (they have gotten down to 5g a piece at times)
but I end up with some in my bank. My tanks in the guild are very happy to get free Solid Sapphires which is a profit of goodwill
to them as well.
There are a few of them that are starting to drop off now, perhaps in expectations of a 4.3 epic gem, perhaps because people just dont want as many gems!
I’ve still got thousands of gems left over from 4.2 so i’ve been know to do this. It’s a good strategy if you’re still making a profit and want to discourage other sellers. Looks like it’s working on you.
Buy um learn him a thing or two
In 12 hours, 2 of his will have sold at 20g, the others will have been returned to his mailbox unsold. Then I’ll pop mine back up at 60g. What a shame he didn’t want 60g so we could share, silly boy.
Yes! This happens *all* the time and I know just how you feel.
Everyone should be allowed an “AARGH!” moment before they get down and ready to fight!
I don’t understand why people do this. 60g on my server is not really over the top for that gem. I had the same thing happen in the Chocolate Cookie market. I was selling them for about 40g/stack and someone posted 50 stacks at about 17g/stack and it really screwed with me for a while. What was odd in my case is that the player didn’t seem to be someone that worked the auction house. He only had one other auction up other than the cookies.
Players do this either because they’re scared (they have lots of this item and need to sell it fast) or because they’re too lazy to post at the higher price and think no one will undercut them. They’re wrong, they will get undercut whatever price they post at.
Alternately, they do this to ‘warn off’ another competitor, trying to send the message “I have lots of these” or “this is my market” or “I’ll even take a loss to stop you making sales”.
Unfortunately for the person regularly doing it on my server, there’s about 10 other regular competitors which can produce and sell just as many gems as him, myself being one of them. The only conclusion I can come to is he’s desperately trying to take back “his” market … and it hasn’t been working for months, making the market miserable and less profitable for everyone in the process.
Is it worth checking on the undermine journal for the comparative prices of those items on other servers? With my example, the guy was trying to stock-dump, because the price has gone back up once he’s backed out the market. It has, however, come down over time like all the gems
I’m actually dealing with this exact same issue right now with one competitor in particular. No matter the gem or item, if the supply drops and I’m able to mark the price up a bit, he always comes back in and relists a ton of gems at the market price, sometimes undercutting by 70g+. I’ve yet to find a way to discourage this…
We can try:
ignoring him, and diversifying to another market
buying them all up and relisting at the price that they will sell at
asked him to cod them all to you at that price
fighting him by undercutting in return