So it finally happen, Blizzard took the first step towards combating inflation that will come with MoP. Most of you have already read on MMO-Champion a bit about the coming new feature called Black Market Auctions.
First thing that we need to understand is how exactly this black market is going to work.
From what we know so far, there will be a kind of an auction house that will offer limited supply items that are of worth. These items will include mounts, recipes, pets and pretty much anything that is rare and valuable. Now the catch here is that only NPC will "post" auctions on the black market, and there isn't going to be any buyout price so the only way to obtain an item would be through the bidding process.
One of the most important things mentioned about the black market is the fact that it says that different servers will get different auctions posted on them. Now just imagine on your server you see the Spectral Tiger on auction starting at 10k, it would be a safe assumption that within an hour it's price will be driven to 200k and by the time Its time is up it will probably get to the "normal" moving price. That would be the usual scenario we can expect to see, but and this is a bit BUT, what if you are playing on a low population server that doesn't have all that many people with millions of gold to spend and you see a rare mount that is expiring at odd hours like 3am or 4am, well in that case with a ordinary alarm clock you might be able to pick up a very expensive mount or pet or anything else for that matter.
Now the problem is that we still don't know enough about the Black Market to be sure on what to expect, but i know one thing for sure, if they put in BoE Mounts, or let you cage the pets you get from the Black Market and sell it as a caged pet then this Black Market might be one of the best playgrounds for any gold loving goblin out there.
Another great thing about this market is that is going to be a great gold sink. A while back i made a post about gold makers and how we are a kind of a gold sink but that was just half way true as even though we pile up large sums of gold and keep it out of circulation, in reality we do invest part of that gold back in the economy. Well the black market is going to be a True gold sink as anything that is spent there will be removed from the economy. What this means is that instead of people having 10-100k or much, much more then that like some they will want to obtain those shiny items from the Black Market and will pour their gold into it, and in return what this would mean is that the casual buyer will have a smaller pot of gold and the prices of goods will have to adapt to that, and ultimately we will see lower prices then what we were expecting with the increased inflation.
As of now i will leave it at this, a simple introduction post, but as we get more information and hopefully get the information that BoE items are going to appear there we can then take a more detailed approach to the Black Market and how to use it to our advantage. Until then keep an eye out for good opportunities out there.