There are quite a few blogs out there offering tips and tricks for making big bucks (no whammies) in the WoW Auction House. These aren’t on my daily reading list because I already have my own set of tricks and markets I like to exploit. It also seems to me that by the strategies being posted, there’s a chance they may be useless anyway. (If I posted what I liked to buy and flip, potentially everyone could start doing it, supply would increase, prices would go down, and it wouldn’t be as lucrative for me any more.) I realize that the players creating these blogs are doing so because they’ve already made all the money they need, and want to help others do the same. Not me. I still need cash for my first epic flying mount.
But anyway, by the time Friday rolls around, I get to these blogs as I’m clearing out my feed reader. This morning on WoW Economist (formerly WoW Investor), I saw an article on controlling markets that made me chuckle, because I saw someone trying to do this on my server this past week, only they weren’t being very smart about it.
The market? Shadowgems. Back when I was leveling jewelcrafting, shadowgems were selling for about 90 silver a pop. The price would dip a bit on weekends, and if it was 75s or lower, that shadowgem was mine. I leveled up my jewelcrafting past the point where I needed them, and then of course that’s when I started finding lots of them while mining. I stored them in my bank in case any of my alts or guildmates needed them.
Fast forward. Bank space was getting tight, and I decided I should start selling off the lower level gems. Hey, I thought, it’s time to make up for that money I spent on shadowgems before by selling them now! I decided to sell them off one at a time, hopefully for 90s a piece, but by this time, the market had been flooded and they were down to 10s each. Gah. So, I decided to be patient. I kept them and peeked in on the prices whenever I remembered.
My bank alt is a mess right now, so in trying to clear her bags this past week, I noticed that stack of shadowgems once again. I was happily surprised to find that there were quite a few shadowgems posted for 95s 50c, and then there were just a handful of lower priced ones, some for 30s and one that was just 5s. I posted one for 95s, and then switched toons to play for a while. When I came back, my shadowgem had been purchased by the 95s 50c seller. Well, that works. 🙂 I reloaded the AH to find that the 95s 50c seller had posted more shadowgems. The 30s and 5s ones were also gone, so I suspect that seller bought up mine and all the other lower priced ones and reposted. them Nice idea, except there were already a bunch more posted, including a few for 50s. I posted another for 95s. Hee hee hee… and repeat. Each time I posted, there were several at lower prices, but I always posted mine at 95s, and he bought them from me (and everyone else) again, and again, and again…
This continued all throughout the week until all my shadowgems were sold. This poor sap was trying to control a market for while there was an endless supply. As the WoW Economist points out, in order to control a market “there needs to be an obvious lack of a certain item that is usually in regular need.” Heheh…
So, maybe instead of farming primals, I should go mining and prospecting to collect shadowgems! I know I have a buyer until this dude figures out that his scheme has failed. I’ve noticed him buying up some of my other items as well, so there’s going to be a fierce spring cleaning of the bank alt this weekend. In fact, I may search for all this guy’s auctions and see what else I can potentially sell him. 😉