Unit Price

Unit Price

in Black Lion Trading Co

Posted by: ouroboris.1048

ouroboris.1048

When I try to sell something in BLT I choose ‘meet highest buyer’ (doesn’t everybody?) But often the highest bid is lower than the vendor price, at which point I’m denied in big red letters that state “unit price must be higher than vendor value” and I’m not allowed to list the item. If you can’t list it for less than vendor value, why can people bid for less than vendor value? I’m the first to admit economics is not my long suit, but this seems kinda weird to me…

Unit Price

in Black Lion Trading Co

Posted by: Saulius.8430

Saulius.8430

if you search forums you will find some official posts that those ‘buy orders’ under vendor value were placed prior fix which prevent posting orders below vendor value.

also if you are selling stuff with ‘meet highest buyer’, then you are doing it wrong. and will be cursed to be poor.

kill all ze thingz

Unit Price

in Black Lion Trading Co

Posted by: Mystic.5934

Mystic.5934

I only sell for ‘meet highest buyer’ price when that price is within 1% of the ‘meet lowest seller’ price. (66c vs. 67c is close enough to give you peace of mind that it will sell)

Unit Price

in Black Lion Trading Co

Posted by: Mira.4906

Mira.4906

I only sell for ‘meet highest buyer’ price when that price is within 1% of the ‘meet lowest seller’ price. (66c vs. 67c is close enough to give you peace of mind that it will sell)

You have to be careful when using this method as it is possible to lose money. Say the vendor price is 57 copper and and you meet the highest bid of 66 copper you lose 1 copper but if you sell at 67 copper its breaking even.

Guild Leader for [Myth] Darkhaven

Unit Price

in Black Lion Trading Co

Posted by: Mystic.5934

Mystic.5934

yup yup. Don’t worry, I also do that math: if ( (‘projected profit’ – ‘listing fee’) > merchant price ), sell on TP.