Guild Wars 2

So, I have an extra weapon I’d like that sells for around 650g. What tends to be the quickest route to sell it to the flippers for 540g or post at 650g and wait. The difference is about 100g, but I’m more interested in the amount of time something in the gold range sells.

It’s my first high priced item and I’m not sure how long it takes something like this to sell for. Would I be better off selling it outright or listing it if I was impatient for the gold??

one option is to sell for 600g. almost 0 chance of being undercut, and you’ll sell faster than at 650g. personally, I would check gw2spidy and see what prices that item has sold at recently, then list 1c below that price

I would use gw2tp.com simply because it samples faster. Faster sampling can show you if one that sold between gw2spidy’s updates.

Ok, I guess I don’t understand those websites much. I thought they only posted the prices that were the player’s buy/sell orders. I did not know that those sites showed the price an item was sold/bought for.

IoW, if I posted an item for 600g that would reflect on those websites, but that would not necessarily be the price it sold at.

Have I been confused all this time?

Not directly. However if you look for times when the supply drops or the low sale price ticks up are usually indications that an item sold rather than being removed by the seller, due to them losing the nonrefundable posting fee. It’s a little like reading tea leaves.

From what you said in your OP I’m guessing you have Foefire’s Essence as it’s one of the few weapons that have a low sale price under 700g but a high buy above 500g. Supply has gone down a few times over the last day, more over the last week.

But in the end it’s trading off additional money for time. If you need the gold right now, sell it to the likely flipper. If you are willing to wait up to a week for another 100g, knock a couple of percent off the current low sale price.

Good guess!

So, what does the supply going down for the past few days mean? I’m severely trading graph challenged.

As you move the cursor along the lower graph on gw2tp.com you will see the popup listing the actual number for sale (supply) move from 8 to 7 or 7 to 6. That’s what I mean by seeing the supply go down, more like move down. Now it could by someone getting discouraged and removing the item for sale and eating the 30+g listing fee or that one or more sold.

Like I said it’s reading tea leaves. In the week long chart there were a couple of instances where a drop occurred when the low sale price ticked up. Which I read as the last one at that price being sold so the price jumped up to the next lowest sale price.

pro tip!
the graph, do you see that legend just above it? (“Buy Listings volume 1 Day Mv Avg”, “Buy Listings Volume 1 Day Mv Avg”, “Sell Listings Raw Data”, etc.)
those are click-able to toggle on and off. when I look at a spidy graph, the first thing I do is turn off all of the Mv Avg’s and turn on the sell listing volume. instead of less-useful averages, you get actual volumes for that time. It makes the graph far more usable. the sell listing volume is still averaged a bit, but you can work with that. I think it happens when spidy condenses the 15-minute samples to 30-minute, then to 1-hour, etc.
After doing this, we can clearly see when the supply has dropped and price has increased, which majority of the time means someone bought someone else’s sell listing.
I count 10 sales in the last week, 2 for about 640g, 8 for about 650g http://www.gw2spidy.com/item/31077
you could easily undercut the lowest by a little bit (maybe 1c-10g) and expect it to sell.

I just use gw2tp.com which is find more useful when i need to spot check something.

I also agree with undercutting by a large amount if you want to sell it quickly and reduce the likelihood of being undercut. I do want to clarify that this is not best when everyone does it as that’s what usually leads to the price to crash. It also depends on the item and how fast they usually sell. This impacts how much you could undercut by as large is rather subjective.

I’ve started to do this now after I’ve placed an item on the TP and waited an entire month to sell it but couldn’t because it got undercut over and over by different people. I’ve had a constant 6 sell orders for it in front of mine. I need to free of the gold so I delist and relist under theirs only to get 6 more new sell orders below mine.

This is just the nature of the system. If you’re trying to sell an item that can potentially have a greater inflow of supply rather than outflow, it may be better to just undercut to a degree to insure a quicker sale at the cost of some of hour potential profit.