I was jumping from a blog to the other, when a post at Capped by Cata took all my attention. It was I think I play on the dumbest server in WoW, published just minutes ago.
The good side of having dumb people on your server.
Now, some of you may notice some similarity with a post I made some time ago, Magic price for Obsidium Ore. At the time the AH was flooded with [Obsidium Ore] at less than 44g a stack (5-6 pages of the AH where full of stacks below that price). I'm sure this was partially the work of a gold farmer, who filled 4 pages of stacks of [Obsidium Ore] at 44g a stack.... Then people panicked and started dumping their assets fearing the prices would get even lower. The craziness dured an entire day, every time I logged in prices were lower and lower, than it all suddenly finished.
The bad side of having dumb people on your server.
Ok, here it comes the real reason I'm writing this post. I needed to whine about a small group of players that are totally ruining my profits.
The one I see the most on the AH is named Naitmage, and he likes to put 10-15 cut gems at 100g less than their current value. This is true both the the rare gems and for the metagems.
Some times I made a profit buying his auctions and re-listing them for the right prices.
I've seen him selling [Shadowspirit Diamond] and [Ember Shadowspirit Diamonds] at 250g (the exact same price for the cut and uncut gem) when their prices were 330+.
He is a jewelcrafter, and he has 5-6 gems cuts (sadly, I share 3 of those cuts with him) that he continuously sell undercutting deeply the market. ([Brilliant Inferno Ruby] go for 210g? He puts them at 100g. [Steady Dream Emerald] go for 150g? He puts them at 50g. He does the same for Rigid, Inscribed, Veiled, Mystic, Reckless gems).
I sometime go and check his auction (I actually make a "void search" in the AH, order it by the name of the seller and manually search for him... I suppose there is a faster way, if it's so please tell -.-), check if he's online, buy everything that has not been undercut yet and re-list for the correct price.
Most of the time I actually sell everything or most of it, but this little victories are nothing compared to the drop of the prices my server has seen. I understand prices would have gone down sooner or later, but he started taking them down from the first week after Cataclysm hit.
[Shadowspirit Diamond] now go for less than 200g.
Here there is an image to show you how he works:
I cancelled the name of the other sellers (I'm none of them, if you were wondering). Please notice how Elu*** was posting the Steady Dream Emerald for 150g an then undercut himself. This is because he's setting his auction at 48h, while Naitmage puts his at 12h: Naitmage undercut him yesterday, Elu*** posted other Steady Dream Emeralds undercutting Naitmage and himself, then Naitmage's auctions run out and he posted them again undercutting those who were undercutting him.
The problem isn't just this Naitmage, but all the people just dumbly undercutting him.