14 comments on “Sales, January 25th

    • To add to what iamcelestoned just said, I think more big sales are to come because yes they want to get rid of non-cash merchants (those who don’t buy Zen to sell more), or at least minimize their profit so they have to charge at some point.

      That’s the whole “we don’t give end dates of sales anymore” thing. The better the sale is, and we don’t know where it ends (could be tomorrow, could be in 3 month) will create some kind of buying frenzy at some points and will regardless make gold prices astronomicaly high.
      PWE got their experiment concluded with success on the previous sale, when gold reched 2m on every server. If it lasted longer, many small merchants would have bankrupted because of no buyers (yeah, double the price of everything and see how long people last if they don’t charge).

      That’s what I always said, even IRL, about markets : WE are the ones making gold prices, so why don’t we stop being stupid and foresee what they want us to do ? If you set gold prices to 2m a piece, don’t be surprised if everyone follows and don’t QQ when you’ll realise it was planned by PWE to ruin IG economy.

      Merchants have to think further than just instant profit. It won’t do any good to have all those coins if no one is playing the game because of a fucked up market.
      No one but the users set gold prices, so we can only blame ourselves if the market is broken.

      • i could not disagree more, i will try to illustrate my points.

        “To add to what iamcelestoned just said, I think more big sales are to come because yes they want to get rid of non-cash merchants (those who don’t buy Zen to sell more), or at least minimize their profit so they have to charge at some point.”

        Actually, i said the opposite, i dont think pwi cares about merchants

        “PWE got their experiment concluded with success on the previous sale, when gold reched 2m on every server. If it lasted longer, many small merchants would have bankrupted because of no buyers (yeah, double the price of everything and see how long people last if they don’t charge)”

        I strongly disagree here. Even with gold at around 1.8m on RT, i never saw so many merchants in west arch. The fact is, even with high gold, the low prices of packs and orbs made merchanting easier for smaller merchants, because it actually required a smaller investment to make a good profit. Right now, with the current prices, packs cost over 600k to buy, before adding a profit. Then the were closer to 400k. In fact, in order to make the buying power of the small merchants equal to what they were during the december sale, gold would need to drop to about 900k…. merchants were much better off then.

        “That’s what I always said, even IRL, about markets : WE are the ones making gold prices, so why don’t we stop being stupid and foresee what they want us to do ? If you set gold prices to 2m a piece, don’t be surprised if everyone follows and don’t QQ when you’ll realise it was planned by PWE to ruin IG economy.”

        Actually, pwi directly controls gold prices through sales, and mainly through pack sales.
        The fact is, take all the items in a pack, the odds of getting each of them, and their sales value, and add that together, you get the “True” value of each pack. In an ideal world, gold prices would reflect the actual value of the pack, so if a pack is worth 300k, and sell for .30 gold each, gold prices “should” be 1,000,000 coins. However, while this tends to not work out, because packs are not the only item in the boutique, and you have people who grind for gold buying gold up with spare coin as well, the gold prices dont reflect the true gold price.
        However, they still greatly influence the gold prices. When pwi cuts the normal sale price
        in half, what you essentially do is make the pack worth twice as much as it was before
        the sale. Therefore, because the packs value is doubled, their is a huge spike in demand for the packs, therefore causing the gold market to “correct” itself by having a
        huge spike in prices, because the gold market will try to bring the value of the packs closer to its “true” value. While the overall supply and demand dictates gold prices, pwi essentially dictates the supply and demand, by devaluing certain items.

        anyway, this is a huge long winded story, which im sure warren could explain much better then i can, but i believe this is the true story behind gold prices.

        TL:DR Version: I disagree with Drak, pwi doesnt care to drive out merchants,pwi controls gold prices, not players

        • Both of the camps are actually correct. By giving out ridiculous sales like 100 packs for 22 Gold, they give massive incentive for cash shoppers to buy Gold, which increases their sales of zen. On the other hand, the same sale makes Merchants buy gold at higher prices due to perceived increase in profit, causing the in-game buying prices to go higher. This leaves the people who do not yet cash shop but occasionally buy Gold with coins in a bind: they can’t get their items now that Gold has gone up so high in prices, making them consider charging zen instead, giving PWE new customers.

          As for driving out merchants, I don’t think so. Granted, higher gold prices make it harder for lower capital merchants, but it doesn’t do anything for the bigger names. Similarly, the bigger name folk can and will simply prepare every week for the sale to end. If it doesn’t, they don’t really make a loss, they just don’t make as large a profit as they could’ve if it had ended. Also, the sales not having end dates is pretty random: most sales still do have end dates and the only sales that have changed outside of the usual maintenance day are the +11/12 Orbs and the very first General Summer’s Sale. Of course, it could be that they noticed the flak they got for the +11/12 Orb sale blunder and decided it wouldn’t be wise to repeat.

          And besides, the Gold that the merchants buy still has to come from somewhere. Someone had to charge zen or do an offer or buy a prepaid card for that zen. The same is obviously true of the coin that merchants have. If anything, the sales which make merchants more willing to pay more for Gold gives PWE better sales due to people buying zen just to sell it at the AH.

          At least on Sanctuary, the prices of packs have finally caught up with the current sales, which means that people like myself, who couldn’t take full advantage of the Christmas time sales due to RL, can get back into the circle.

  1. there will be, for the simple reason that big sales make gold prices rise
    a lot of people only charge when prices are high, so they can get a good exchange of coin for their gold. A lot of people also wont charge to buy items direct unless they are on sale.

    i dont believe it benefits them to get rid of merchants, because most merchants ( like myself ) would not charge regardless.

    BIg sales make them big money, and while they cant do it all the time, they need to do them once in a while to pad their bottom line. i doubt they would go more then a month without one

  2. Yea I agree, it wouldn’t benefit PWE’s bottom line had it not been for merchants being a major factor in driving gold prices up, thereby leading CashShoppers to charge $ for zen.

    This is not a very good merchanting environment for small sized merchants, due to the high prices for packs which I’m sure the vast majority of people are still accustomed to the christmas pack sales. However, rep sales is the best avenue for profit.

    However, it is quite unsettling that PWI hasn’t instituted a major sale (i.e. xmas), I hope the general summer sale isn’t exactly that “major” sale until Feb 20th

  3. Do people still go for Tiger Packs, and more so than the new ones? I’ve always been doing the latest packs because I constantly see people getting Ancient Emblems in system chat.

  4. Tiger packs always seem to sell pretty well. If you have enough capital to spread out over a few packs, thats good, but if i had to choose, i always will do anni packs and tiger packs, they seem to always be the most popular.
    The system chat can fool you, it only shows best lcuks and for some reason, the emblems, but dont read into it that much, the emblems are not worth much

    • However, the newer packs do have things that are rather high priced, such as Sky Cover/Cloud Stir and the newer mounts. Personally, the only packs that I avoid like plague are Corals and Sunshines.

  5. is buying 50 packs worth it cause i cant afford to buy the 100, or shall i pass this sale n try to make money n be ready for the upcoming sales!!

    • yea what celest said below, and just do rep for now, it’s about the only thing that would work fast for your capital size. keep turning over profit regardless how small, you need to compete really competitively though in undercutting b/c there’s alot of merchants doing rep.

  6. i would pass then. You always want to buy the larges denomination possible, because then you get the packs cheapest. It will be hard to compete pricewise if the guy next to you paid 10-15k less per pack then you did.
    you can try doing rep, that does not take much investment, and usually sells ok. its not huge profits, but fairly steady

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