Guild Wars 2

Logged into GW2 for the first time in weeks and precursor prices are quite a bit higher — roughly 200g higher for Legend, Dusk, Zap (didn’t check any others).

Here’s the data (in case people think I’m trolling):

http://www.gw2tp.com/item/29180-the-legend

Ignoring the spikes, the prices are 200g higher going back about three weeks. So what’s the best guess at the reason why?

Supply all but disappeared for the legend. My guess is people aren’t rolling for them in the forge anymore? OR the drop rate somehow is even lower than .00000001?

Three words: Account Bound Skins.

or speculators are buying them up anticipating increased demand for legendaries once the new wardrobe system hits tomorrow.

between rune/sigil speculation and unid dyes, a lot of gold will be changing hands tomorrow. anyone making bank after the patch might be inclined to splurge for an overpriced precursor as well.

one advise sell all your variable sigils and runes

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Rising Dusk.2408:

Three words: Account Bound Skins.

Which skins?

Psychol.5783:

Rising Dusk.2408:

Three words: Account Bound Skins.

Which skins?

The skins that are made using Precursors.

munkiman.3068:

Supply all but disappeared for the legend. My guess is people aren’t rolling for them in the forge anymore? OR the drop rate somehow is even lower than .00000001?

Changes to unid’d dyes are probably responsible, players want to see what happens to supply/prices or are unsure about how Anet will change the recipe that uses them.

Dusk and Zap are also up, so it’s not unique to The Legend.

juno.1840:

Dusk and Zap are also up, so it’s not unique to The Legend.

Ahem

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

This is a discussion of inflation, not fairness — sorry u didn’t win the RNG lottery.

A note before I get sidetracked:

Speculation does not equal Inflation

In other words, Legendaries got a lot more desirable with tomorrow’s patch.

More desirable, and with anet stating pre cursor crafting was being put on hold until they can work out how to ( if they even cab ) make it work now, it means the demand and supply game is in full swing, and its pretty clear some guilds/people are controlling the entire pre cursor market.

juno.1840:

Logged into GW2 for the first time in weeks and precursor prices are quite a bit higher — roughly 200g higher for Legend, Dusk, Zap (didn’t check any others).

Here’s the data (in case people think I’m trolling):

http://www.gw2tp.com/item/29180-the-legend

Ignoring the spikes, the prices are 200g higher going back about three weeks. So what’s the best guess at the reason why?

Have you looked at the supply chart aside from price chart?
Economics Basics: Supply and Demand
In march there was 20+ Legends, look how many are there now.

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Look at how many classes actually use torch. Now look at how many of those classes actually use it in their builds constantly. Torch not being as viable as other items makes it so it’s low on demand. If you’re making a legendary, it might be a weapon you use constantly. Why do you think underwater precursors are still low?

tolunart.2095:

munkiman.3068:

Supply all but disappeared for the legend. My guess is people aren’t rolling for them in the forge anymore? OR the drop rate somehow is even lower than .00000001?

Changes to unid’d dyes are probably responsible, players want to see what happens to supply/prices or are unsure about how Anet will change the recipe that uses them.

Oh yeah, forgot about that. They did say the are changing gift of color down to 100 instead of 250. I already have that gift though and will probably get at least 100 un’id dyes with all the duplicate colors i have across my alts.

munkiman.3068:

Oh yeah, forgot about that. They did say the are changing gift of color down to 100 instead of 250. I already have that gift though and will probably get at least 100 un’id dyes with all the duplicate colors i have across my alts.

I’ve seen that mentioned somewhere, but the majority of players don’t visit the website often or browse the forums so a lot of players don’t know what’s going to happen after the patch.

Ok I Did It.2854:

More desirable, and with anet stating pre cursor crafting was being put on hold until they can work out how to ( if they even cab ) make it work now, it means the demand and supply game is in full swing, and its pretty clear some guilds/people are controlling the entire pre cursor market.

How does a person/small group control the market when precursors constantly appear out of thin air?

tolunart.2095:

Ok I Did It.2854:

More desirable, and with anet stating pre cursor crafting was being put on hold until they can work out how to ( if they even cab ) make it work now, it means the demand and supply game is in full swing, and its pretty clear some guilds/people are controlling the entire pre cursor market.

How does a person/small group control the market when precursors constantly appear out of thin air?

That’s normally to-go argument when you can’t afford a precursor and people are buying them before you. It’s obvious that some people have multiple precursors either on trading post waiting for them to sell or have some in their bank that they invested in hoping that the price will go up so they can cash in. But with the demand at this point in time the precursors (especially the more desirable ones) basically “fly off the shelves”. Making it easier for people that got lucky enough to have them drop actually ask for much higher price because there’s a very limited supply of them at the moment.

juno.1840:

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

This is a discussion of inflation, not fairness — sorry u didn’t win the RNG lottery.

What an inconvenient truth to throw around. Guess he should see it coming.

ValeN.3129:

juno.1840:

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

This is a discussion of inflation, not fairness — sorry u didn’t win the RNG lottery.

What an inconvenient truth to throw around. Guess he should see it coming.

Actually, the discussion was of the OP’s misunderstanding of the difference between what is Inflation, and what is Speculation.

Smooth Penguin.5294:

ValeN.3129:

juno.1840:

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

This is a discussion of inflation, not fairness — sorry u didn’t win the RNG lottery.

What an inconvenient truth to throw around. Guess he should see it coming.

Actually, the discussion was of the OP’s misunderstanding of the difference between what is Inflation, and what is Speculation.

My original post is a question — not a statement of misunderstanding.

I’ll put your answer in the “speculation” column as opposed to another reason. Thanks for participating.

juno.1840:

Smooth Penguin.5294:

ValeN.3129:

juno.1840:

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

This is a discussion of inflation, not fairness — sorry u didn’t win the RNG lottery.

What an inconvenient truth to throw around. Guess he should see it coming.

Actually, the discussion was of the OP’s misunderstanding of the difference between what is Inflation, and what is Speculation.

My original post is a question — not a statement of misunderstanding.

I’ll put your answer in the “speculation” column as opposed to another reason. Thanks for participating.

Actually, your original question was based on your misunderstanding between what is Inflation, and the true cause of the price increase, which was Speculation.

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

ValeN.3129:

juno.1840:

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

This is a discussion of inflation, not fairness — sorry u didn’t win the RNG lottery.

What an inconvenient truth to throw around. Guess he should see it coming.

Actually, the discussion was of the OP’s misunderstanding of the difference between what is Inflation, and what is Speculation.

My original post is a question — not a statement of misunderstanding.

I’ll put your answer in the “speculation” column as opposed to another reason. Thanks for participating.

Actually, your original question was based on your misunderstanding between what is Inflation, and the true cause of the price increase, which was Speculation.

Still sticking with your speculation hypothesis (which is all it was even tho u stated it as “fact”)?

juno.1840:

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

ValeN.3129:

juno.1840:

Smooth Penguin.5294:

juno.1840:

Smooth Penguin.5294:

I got a Rodgort’s Flame as a drop over the weekend, and the price didn’t go up by 200 Gold. Where’s the inflation for my item???

Technically Rodgort’s is also up 30% which is same percentage as with Legend and Dusk. Your problem is it’s 30% on 60g.

But it’s not 800+ Gold like the others. That’s not fair.

This is a discussion of inflation, not fairness — sorry u didn’t win the RNG lottery.

What an inconvenient truth to throw around. Guess he should see it coming.

Actually, the discussion was of the OP’s misunderstanding of the difference between what is Inflation, and what is Speculation.

My original post is a question — not a statement of misunderstanding.

I’ll put your answer in the “speculation” column as opposed to another reason. Thanks for participating.

Actually, your original question was based on your misunderstanding between what is Inflation, and the true cause of the price increase, which was Speculation.

Still sticking with your speculation hypothesis (which is all it was even tho u stated it as “fact”)?

Speculation is what drives this economy. Sometimes is works, sometimes not. Overall, it’s a fact of life that you must learn to live with when interacting with this economy.

So at what point would you call it inflation?

If never then are you saying there is no inflation in GW2?

Smooth Penguin.5294:

Speculation is what drives this economy. Sometimes is works, sometimes not. Overall, it’s a fact of life that you must learn to live with when interacting with this economy.

The latter holds true for inflation as well, so yours is still a hypothesis. 3 weeks is a lot for speculation on a high demand market. When do we start calling it inflation then?

juno.1840:

Logged into GW2 for the first time in weeks and precursor prices are quite a bit higher — roughly 200g higher for Legend, Dusk, Zap (didn’t check any others).

Here’s the data (in case people think I’m trolling):

http://www.gw2tp.com/item/29180-the-legend

Ignoring the spikes, the prices are 200g higher going back about three weeks. So what’s the best guess at the reason why?

The recent price inflation is just a sign of higher demand which is sparked by added functionality. If you check out long term precursor prices, you will notice two oncommon spikes, one in August/September, which was caused by the added functionality of ascended and choseable stats and one just recently, that you noticed. That one was fuelled by the added functionality of unlocked skins and the change to account bound.
Both spikes, btw, werent as high (by percentage) than many other price spikes for other materials and items we have seen in the same period.

If you just check the price evolution between those two spikes, you will see a very slow and steady increase of the price, which in my opinion, is a very good indicator for general inflation happening in the game.

juno.1840:

So at what point would you call it inflation?

If never then are you saying there is no inflation in GW2?

The price increases you noticed from your opening post were from Speculation. As Wanze pointed out, there’s been a steady increase over time. Inflation in any economy is normal. Spikes due to new mechanics or updates do not equal Inflation.

For general inflation we might want to look at higher velocity items not linked to low velocity spike prone items.

Essence Snow.3194:

For general inflation we might want to look at higher velocity items not linked to low velocity spike prone items.

Why? Can you give an example, what item you might use?
I think precursors are perfect because their demand and supply is more or less the same all the time compared to high velocity items (unless functionality is added).
I cant see how precursors are more spike prone than high velocity items.

Essence Snow.3194:

For general inflation we might want to look at higher velocity items not linked to low velocity spike prone items.

every item is linked is it not?

you need almost “every item” for legendary. Even the tier 5 material is tied to legendary since mystic forge probably produced a handful of legendary.

I really hope we will see better systems put in place for precursors in the future.

There is also currently a bug with the mystic forge .. 4 rare 80s can result in a lvl76 exotic.
It has been suggested that the usual forgers are holding off putting stuff in the toilet until it’s been fixed.

This will be constraining demand more than usual.

TPMN.1483:

There is also currently a bug with the mystic forge .. 4 rare 80s can result in a lvl76 exotic.
It has been suggested that the usual forgers are holding off putting stuff in the toilet until it’s been fixed.

This will be constraining demand more than usual.

I think that will contribute to ongoing prices. However prices shot up 30% more than a month before that bug was introduced.

I suspected there are multiple factors including speculation and reduced supply from more than one cause (i.e. the bug, reduced active player population, and maybe even a ninja tweak to drops, who knows…).

TPMN.1483:

There is also currently a bug with the mystic forge .. 4 rare 80s can result in a lvl76 exotic.
It has been suggested that the usual forgers are holding off putting stuff in the toilet until it’s been fixed.

This will be constraining demand more than usual.

That’s not a bug. You did get an exotic from 4 rares so it was a valid promotion.

Behellagh.1468:

TPMN.1483:

There is also currently a bug with the mystic forge .. 4 rare 80s can result in a lvl76 exotic.
It has been suggested that the usual forgers are holding off putting stuff in the toilet until it’s been fixed.

This will be constraining demand more than usual.

That’s not a bug. You did get an exotic from 4 rares so it was a valid promotion.

What planet are you on? It has not worked that way before… ever. Why would u call this new “behavior” not a bug?

Where did it ever say that the item out would be the same level as the items fed it? I get drops that are in the mid 70s to 80 as a level 80 and those items in the 70s are considered fair reward so why not the MF?

Behellagh.1468:

Where did it ever say that the item out would be the same level as the items fed it? I get drops that are in the mid 70s to 80 as a level 80 and those items in the 70s are considered fair reward so why not the MF?

Fair or not, it is new and thus either a bug or intended behavior that bothers a lot of forge users.

serapheles.5409:

Fair or not, it is new and thus either a bug or intended behavior that bothers a lot of forge users.

If it is bothering a lot of forge users, it certainly isn’t showing up in the data; despite most forge material prices being at all time highs, the margins haven’t moved much at all. If the new drop table was driving people out of the market the margins would reflect it; T4 and T5 material prices would fall as the remaining crafters demand higher and higher margins to cover their risks at the forge. But that isn’t happening at all; instead prices have risen to all time highs, keeping the margins around where they’ve been for the past 8 months or so.

All the complaints about the new drop tables are just talk, and the market hasn’t heard a word of it.

As pointed out in other threads, changes to the MF was mentioned in the patch notes.

Some Mystic Forge recipes have been updated to provide a wider range of results.

All Mystic Forge recipes for crafting PvP items have been removed along with PvP crafting materials.

Behellagh.1468:

As pointed out in other threads, changes to the MF was mentioned in the patch notes.

Some Mystic Forge recipes have been updated to provide a wider range of results.

All Mystic Forge recipes for crafting PvP items have been removed along with PvP crafting materials.

PvP items and mats may have been removed from forge recipes but they are tradeable now. Hooray for those that didnt keep them in the pvp locker, when the patch went live.

hmm earning is down but precursors are up, hmmmm

Wanze.8410:

Behellagh.1468:

As pointed out in other threads, changes to the MF was mentioned in the patch notes.

Some Mystic Forge recipes have been updated to provide a wider range of results.

All Mystic Forge recipes for crafting PvP items have been removed along with PvP crafting materials.

PvP items and mats may have been removed from forge recipes but they are tradeable now. Hooray for those that didnt keep them in the pvp locker, when the patch went live.

Wanze, c’mon. That’s technically an exploit. You knowingly sold an unusable item that you knew should have been removed from the game. No sympathy from me, sorry. I find it similar to buying vendor items that can’t be salvaged and selling them on the TP to unsuspecting buyers.

Buttercup.5871:

Wanze.8410:

Behellagh.1468:

As pointed out in other threads, changes to the MF was mentioned in the patch notes.

Some Mystic Forge recipes have been updated to provide a wider range of results.

All Mystic Forge recipes for crafting PvP items have been removed along with PvP crafting materials.

PvP items and mats may have been removed from forge recipes but they are tradeable now. Hooray for those that didnt keep them in the pvp locker, when the patch went live.

Wanze, c’mon. That’s technically an exploit. You knowingly sold an unusable item that you knew should have been removed from the game. No sympathy from me, sorry. I find it similar to buying vendor items that can’t be salvaged and selling them on the TP to unsuspecting buyers.

Just FYI, i didnt have mine in my inventory. The ones I sold, i bought before on buy order, after the patch. IF its an exploit, why did Anet change their AB status?

perhaps they wish to allow people to buy them in order to kill their remaining items, but if that was the case, why kill the one in peoples banks?

I just tested it, and they cannot be sold on TP. It must be hotfixed, wich means it was an exploit (500+ on my thief).