Mini Jack-a-lop price manipulation

Mini Jack-a-lop price manipulation

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Posted by: Malediktus.9250

Malediktus.9250

http://www.gw2spidy.com/item/20159
price went from 170g to 500g in one moment. Thoughts?

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Posted by: Pandemoniac.4739

Pandemoniac.4739

Lots of folks have lots of thoughts, but the topic of manipulation has been beaten to death, resurrected, and beaten back down a number of times. Here’s a few threads off the top of my head:

https://forum-en.gw2archive.eu/forum/game/bltc/Precursor-prices-manipulated-badly/first#post1797653

https://forum-en.gw2archive.eu/forum/game/bltc/Storm-precursor-150g-overnight

https://forum-en.gw2archive.eu/forum/game/bltc/Prices-of-Ectos-being-controlled/first#post1641450

If you want the cliff notes version – there are more people trading on the market than you think there are, and because we only see the bids and asks and not the actual trades, there is no way to know the real price of an item.

Don’t ever think you know what’s right for the other person.
He might start thinking he knows what’s right for you.
—Paul Williams

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Posted by: Vol.5241

Vol.5241

Ask yourself who in their right mind would pay that much for a minipet?

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Posted by: Calae.1738

Calae.1738

Some people with a lot of money can get very bored. They probably think Guild Wars 2 is like PAC MAN; trying to get the Gold high score. It’s normal for people to take more risks when they have more capital.

Changing the price of an item from 100 to 500 doesn’t mean the market will accept it. If it doesn’t; the investor gets a nice hair cut.

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Posted by: Vol.5241

Vol.5241

Some people with a lot of money can get very bored. They probably think Guild Wars 2 is like PAC MAN; trying to get the Gold high score. It’s normal for people to take more risks when they have more capital.

Changing the price of an item from 100 to 500 doesn’t mean the market will accept it. If it doesn’t; the investor gets a nice hair cut.

As a rich player I don’t mind overpaying stuff when I want it. I don’t mind buying 200 charged lodestones if it costs me 300g instead of 250g.

But a 400g mark-up on something as useless as a minipet (that no one will actually see) is not going to happen.

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Posted by: Pandemoniac.4739

Pandemoniac.4739

But a 400g mark-up on something as useless as a minipet (that no one will actually see) is not going to happen.

Not that I disagree, but my Mom always said “there’s a butt for every chair”. Some folks get a lot of enjoyment out of their mini-pets. There’s a thread in the general discussion forum with screen shots to prove it

That’s the only way luxury item markets can work. Someone has to get some intangible value out of the item that the person selling the item doesn’t. Otherwise the seller would just hang on to it.

Don’t ever think you know what’s right for the other person.
He might start thinking he knows what’s right for you.
—Paul Williams

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Posted by: Leo Paul.1659

Leo Paul.1659

I’m one of those people who love minipets. But I’d never pay 400g for any of the exotic mini pets off of the TP because of how much better these events minis are.

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Posted by: Malediktus.9250

Malediktus.9250

Thread can be closed. This guys price manipulation failed terribly.
Got my Jack-a-lop for 130g via buy order today to add to my collection.

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Posted by: Mystic.5934

Mystic.5934

maybe there were 2 listed – 1 at 170g, 1 at 500g. the one at 170g just sold. BAM. price manipulation conspiracy theorists.

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Posted by: John Smith.4610

John Smith.4610

Time Price Quantity
4/14/2013 389g 1
4/14/2013 250g 1
4/15/2013 130g 1
4/15/2013 220g 1
4/15/2013 185g 1
4/15/2013 225g 1
4/15/2013 225g 1
4/16/2013 200g 1
4/16/2013 300g 1
4/16/2013 195g 1
4/17/2013 224g 1

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Posted by: Pandemoniac.4739

Pandemoniac.4739

Time Price Quantity
4/14/2013 389g 1
4/14/2013 250g 1
4/15/2013 130g 1
4/15/2013 220g 1
4/15/2013 185g 1
4/15/2013 225g 1
4/15/2013 225g 1
4/16/2013 200g 1
4/16/2013 300g 1
4/16/2013 195g 1
4/17/2013 224g 1

Wow someone got a steal at 130G. Thanks for the information.

Don’t ever think you know what’s right for the other person.
He might start thinking he knows what’s right for you.
—Paul Williams

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Posted by: Ursan.7846

Ursan.7846

Time Price Quantity
4/14/2013 389g 1
4/14/2013 250g 1
4/15/2013 130g 1
4/15/2013 220g 1
4/15/2013 185g 1
4/15/2013 225g 1
4/15/2013 225g 1
4/16/2013 200g 1
4/16/2013 300g 1
4/16/2013 195g 1
4/17/2013 224g 1

Wow someone got a steal at 130G. Thanks for the information.

HAHA I wonder if that’s Malediktus.

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Posted by: Allisa Wonderland.8192

Allisa Wonderland.8192

I’m still kicking myself for not filling one of the two 225g buy orders on Sunday night..

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Posted by: Behellagh.1468

Behellagh.1468

http://www.guildwarstrade.com/item/20159-mini-jack-a-lop

Set it to the week graph.

What happen was the last one was sold at around 200g. The next one that was put up for sale was posted at 500g. Unless they were tracking the previous price the wouldn’t have known what the previous sale price was.

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Posted by: Malediktus.9250

Malediktus.9250

Time Price Quantity
4/14/2013 389g 1
4/14/2013 250g 1
4/15/2013 130g 1
4/15/2013 220g 1
4/15/2013 185g 1
4/15/2013 225g 1
4/15/2013 225g 1
4/16/2013 200g 1
4/16/2013 300g 1
4/16/2013 195g 1
4/17/2013 224g 1

Wow someone got a steal at 130G. Thanks for the information.

HAHA I wonder if that’s Malediktus.

yes, it was me

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Posted by: KarateKid.5648

KarateKid.5648

John Smith: Ignore the naysayers – stay Laissez Faire. I’ve been in-world maybe three weeks (newb). I always liked the self-adjusting market in GW1, and I like it here. This is coming from a guy that took two weeks to build up 1.5 gold, so I am not a trader with a self-interest at stake.

Over-manipulation can only lead to more problems than we have now. Hmmm, this sounds familiar.

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Posted by: bravoart.5308

bravoart.5308

Wow, kinda sucks for anyone that wanted the minipet not because its rarity, but because well…. bunnies?

No bunny from SAB was kinda a disappointment as well.

Finally I recalled the stopgap solution of a great princess who was told that the
peasants had no bread and who responded: “Let them eat brioche.”

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Posted by: Nyctimus.4109

Nyctimus.4109

Wow, kinda sucks for anyone that wanted the minipet not because its rarity, but because well…. bunnies?

No bunny from SAB was kinda a disappointment as well.

BUNNEHS

Anet if you don’t offer up the SAB bunnoh, I am going to seriously break down into tears and ignore my tenancy agreements stance on in-apartment pets.