Guild Wars 2

I fully expected with the nerf to key farming and with how bad the drops were for me from the first 10+ chests after the patch that there would be a significant drop in price for chests as people not only stopped farming keys, but a reduction in keys being purchased. But it seems to have had no effect. Have I missed something here?

Someone mysteriously bought up millions of chests for no discernible reason, raising the price to the current levels, but it definitely wasn’t ANet agents buying them up with play money.

price is falling allready

this people who buyd milllions tried to push price to 40c+ and alot jumped on this train and buyd them too – but did not work

supply way higher than demand and price fall back to nothing

Some guy on the forum posted a pic of multiple bank storage sections filled with stacks of BL chests…..claims he has already made back his money and plans to open all of them himself…..pic looked legit, but Photoshop is powerful drug….

Sell listing never dipped below 17c since this buyout swing started back in late Aug. It’s back up to 45c now. If the guy bought all those below 10c he has or will likely make a LOT of coppers…..

I did the math on this a while ago. It was possible to buy out the cheap stock and relist at a higher point for profit, assuming the sales volume at the higher price point offset the acquisition costs. In this scenario, you’re buying up 3,000,000 units at 3.5 copper each, so you need to sell around 390,000 of them at the current average buy order amount of 32 copper each to break even. At that point, you’re sitting on 2,600,000 units that you have acquired “for free” which can be sold at vendor minimum and still turn a profit. Of course, they are occupying real estate in your bank while you are depriving the market of them so there are some costs involved outside the straight p/l calculation, but those costs are in terms of lost opportunity which I’ve always argued does not apply to recreational activities due to the extrinsic nature of pleasure.

It would be interesting to find out if the person(s) responsible made any profit or if the economy punished their attempt to price spike.