Sunday, May 13, 2012

The Black Market Auctions ... BRING IT ON !!!

   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.



11 comments:

  1. It will be my new home away from home.

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    1. i only hope they don't make it to be only BoP items which would mean that you can't resell the items you get from it

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  2. I hope they auction raid gear.
    I don't care about pets or mounts.
    My server is too small for a lot of raiding content.
    But I really hope I can buy some BOP gear that I never saw before.

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    1. NO offense, but buying (example) heroic tier gear that you didn't work for is a slap in the face. You can't buy skill. Sorry. I raid regularly and the gear I have is a 'status symbol'

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  3. Why would they make them boe? That would defeat the whole purpose of the black market

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    1. True .. but then again it would make us happy :)

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  4. A fool and his money are soon parted.

    That said I like the idea of fighting inflation. Inflation means I have less buying power (not like I ever buy anything).

    I also believe all items from the BMAH will be BOP or at least BOA.

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    1. Well in retrospective i think they will make all the items BoP/BoA, but until we know for sure they can't stop us from hoping for BoE's and dreams of profit :)

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  5. I love the idea of the Black Market AH, it gives me a reason to push for more sales in the AH even though I am gold capped twice already.

    To the idea that we will see a decline in prices because of the gold sink that this will create, I would have to disagree. We have already seen gold sinks in the game and yet our prices continue to climb with each expansion. Why? Because as long as there are bots and gold sellers combined with people willing to pay for those services or use the bots then there will always be an endless supply of gold. The only way to see inflation reduced or stopped is to cutoff the supply and I see no signs of this happening, in fact I have seen more bots and gold sellers with each expansion rather than fewer.

    The bots may work harder to farm more in the next expansion, the gold sellers will use their illicit methods of getting gold and people will continue to buy gold and maybe even more people will buy the gold because they want to buy the "pretties" out of the Black Market AH. So where does it end?

    I see no end, I see the inflation continuing to spiral. The smart folks like us will see the bots work overtime, figure out their cycles, buy out their supply and repost at higher prices as they move on to a different material. We will make mroe gold and buy more stuff and the economy of WoW will act as it always has only now we can buy the stuff we always wanted rather than farm for it!

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  6. This is going to be boss, cross-server markets!!! Especially when you know your realm is full of cheap low spenders and you have a gold worthy item.

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  7. The thing about black markets is that they are usually in dangerous areas, probably be in a PvP zone accessible to both factions. You may not want to stand around or you can expect to get shanked while trying to bid on something.

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