I just came back to WOW after a long hiatus and I was trying to figure out WTF is going on in the AH. I understand the interface now, but I couldn’t figure out exactly how the mats I am selling are being selected in the giant mob of sellers all listing at the same price. I searched the web and the message board, and here you give me the answer. LIFO.
Last in First out, is an awful idea. Really this entire problem of buyers convenience is solved by having the last line, in older style AH, sortable by sellout price instead of bid price. Never understood why wow stuck with bid price all those years.
Here’s the issue. Which I’m seeing in real time. I put in my 40 mats at a 1g undercut, the monster in the AH moves all 1000 of his to my price. He does this every 10 minutes. I guarantee you if LIFO is the way this is working, he’s taking his entire 1000 out every ten minutes and relisting it at the lowest price, EVEN IF THAT IS THE PRICE HE ALREADY HAD IT AT.
The way it is, I can’t tell where I am in the queue. So, what I would do, is perpetually take my crap out of the AH and relist it at the same price I had it at, unless of course, it isn’t mats sold in this amorphous glob of sellers.
People will always undercut, that’s fine. If I can see where I am in the queue of people undercutting me, I know from trends if my crap will sell at the price it sits in. The way it is now, I have no idea so the current setup encourages people to rely on bank alts to take everything out and put it back in, over and over.
If it were FIFO, you would know where you are in the queue.
Everytime i match it won’t sell. I just want 2 gold less and keep my stuff moving instead of having to relist because I did the nobel act of matching.
While I agree, this would only make sense if the price was set for you like it is with WoW Tokens. In that auction, it’s FIFO, but prices are adjusted by an algorithm based on supply/demand of N items in the queue and some nominal time lapse.
The non-Token auctions don’t have automatic pricing… people can set the price as high or as low as they want for a listing, so neither FIFO nor LIFO really work, but it is what it is. For most buyers, the new system is FAR superior to the old one, but there’s no protection for sellers in this new system–they have to cancel/repost to increase the chance of a sale unless demand is fervent. Not sure if sellers have to cancel/repost more often than prior system, but it’s not new–they had to do the same in the old system.
I always undercut by 2.7%. Clearly 1% is for losers. I laugh at your 1%. Hah! Hahah!
Except for Draenor herbs. Those are 1%, of course. Can’t be silly about this.
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20+% I laugh at your meager 2.7%
I want all my auctions to sell not have them come to my mailbox.
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The easiest way to make money or gold is to understand human behavior and take action accordingly, and without emotion.
As another poster in a another thread said, math and emotions are separate. But, a lot of financial math works to your benefit if you understand why a lot of people can’t seem to grasp that, and use that fact to your advantage.
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Yeah, that sentence is it’s own point. If it were FIFO, a seller would know where they are in the queue when selling mats. As it is, the only choice is to repeatedly take it out and put it back in. No loss to buyers for that method.
I’m totally against price controls for in game. No matter the system people will undercut. All the current system does is introduce mystery to the process.
If Blizz wanted buyer “convenience” it makes more sense for all parties to just allow for aligning by sell price instead of bid price from the previous system. Problem solved.
I don’t see this as far superior for anyone when the obvious solution already existed. The “far superior” for buyers is everything is an an amorphous pile now. Not a massive improvement, if half of the parties involved are at a serious disadvantage of controlling their own destiny outside of a ridiculous approach to selling.