Take, for example, the fact that gold is down to 25 cents per million. Vektor did a nice job explaining how you can make a profit from this situation. It's the same idea as this video, except now you can quadruple your gold instead of just doubling it.
Now a wise Diablo 3 player, who has been around for a bit, probably remembers when gold was worth a lot more. At one point in time, believe it or not, it was smarter to buy items for money and then resell them for gold. Now a days that kind of situation is not the norm, and that's because gold is worth so little now per million. Despite the fact that the price has flopped, the strategy of arbitrage remains identical.
Buy items for one currency, sell for another, buy back the original currency.
So far so good, but where is the "sweet spot?" Where are the wise players focusing their attention? The gamblers with the weighted die, where are they at? I've been up and down the price scale, everything from $1.25 to $250, and I have to say that the sweet spot is right around $5-$9.
Here are two recent examples from the same evening:
$15 earned from these two items. That $15 can buy approximately (4x15) 60,000,000 gold. How much gold did they cost and what was the profit?
With these two auctions 14,999,999 gold was invested in order to make 60,000,000 gold. So that's a 45,000,001 gold profit.
If you want to see EXACTLY how I sold these two items, then you need to get in the Gold Guide and watch the videos for Skorn and Vile Ward.
Blizzard is rigging the AH and if I was you I'd keep track of all your auctions even though there's nothing that could be done about it. Just sniped an Inna's Radiance with less than 3s left for 121,777,777 with a current bid of 23 mil. I set my max bid at 121,777,777. What are the chances that someone bid 121,777,776 within the same 3s so that it'd raise my bid to the max bid?
ReplyDeleteThis has nothing whatsoever to do with "rigging" of the Auction House. It's an inevitable side-effect of a proxy bidding system (which is a good thing) combined with a desired minimum bid increment (good for getting prices to rise on a small number of bidders in a bidding war, but otherwise not necessarily a good idea).
DeleteSince I've seen this sort of complaint numerous times, I'll try to put together a blog post for this weekend explaining in detail how the system works, why this sort of thing happens, and why it's not an indication of anything "wrong". There are other less-than-desirable side effects of the system, but it's nothing close to "rigged".
Tristan provided an example of the sort of circumstance that can cause this. I'll explain in more detail this weekend. Hopefully, that can help to reduce mis-perceptions like this.
You realize people can get a friend (or just use another account) to increase the bids on their items until it hits max bid, without ever going over it. I think you just keep putting small bids, and watching the amount current bid increase. Anyway the bid system has been altered now so you can't do it anymore.
Deletethe person with the current bid of 23 mil might have bid 120 mil and since your 121777776 max bid is under the 5% min raise on a max bid your max bid was used. looks legit from here.
ReplyDeleteThanks for this gold guide, now i can earn even more at AH :)
ReplyDelete