Hi I was thinking, although I had a little experience with open beta - so thats not a huge experience I just got a glimpse of whats comming on - how to estimate item prices. I know I can see how much gold the town merchnt would give me for it but thats not adequate to what I would get from AH for it. So, during the beta, I found some decent shield, I dont remember its attributes right now but it was the best magic shield I found in the game so far. So I sold it for 8,500 gold on the AH which now I think was too low. But we cant speculate on that because I dont remember what shield was that :D
So - I know there will be some important attributes and some less important. I know that if I find some magic orb with damage increased and some +intelligence boost it will be much more expensive then the one with no dps increase and so on. But where to start estimating the prices? I tried to compare my prices to those of other people on AH but its hard to tell who is right about the price and who is not. How to have the good knowledge of prices to be at least reasonable in your transactions?
I make this post not to become the reaches guy in the Diablo 3 universe, but I write it to have just decent start on the AH and not get scammed/frustrated about my transactions.
Selling items and buying them/crafting, upgrading is what I love Diablo for and I wish to be best at it as I can. I am sceptical towards any guides that tell you they will make you rich like a king in a moment, if you just use they strategies. I want to think for myself and understand tha game mechanics, especially the trading mechanics. Where should I start and what should I look for? I know it will be challenging and may not be easy but I dare myself to take that challenge. Any advices, anyone? Would be MUCH APPRECIATED :D
As a good rule of thumb first you need to have experienced the game as much as possible so you can ask yourself how much would you pay for that particular piece of armor.
Then you have to be aware of the rarity/availability of that item. If it's a crafted item there is a good chance that people will just try to craft it by themselves rather then paying too much. For example, if to craft a shield costs you 100G + 2 crafting materials and the item is sold at 1500G you have 12 attempts to reproduce something acceptable close to the item in the AH to save some money (12 cos you take into consideration the crafting materials cost).
Then you have a HUUUUGE gems market as there are 14 lvls of gems and the max droppable lvl is 5 (perfect), that means that to make a Radiant Star (lvl 14) Gem you need 19683 lvl 5 gems. Yes.. 19683. Other then that, you need 42,500,000G to craft them, Yes... 42.5 Million Gold. So a lvl 14 Gem can't be sold for less then 42,5 MG as that it's its crafting cost.
Then, finally, you have the Legendaries, these items have fixed stats therefor it's price is more or less stable (depending on market availability) but Set Items are more worthy cos a player is prone to spend much more G/€ to buy the last piece of it's set.
So, I hope I brought some light in you. It's 01:12 AM here so maybe I've made some grammar mistake so forgive me for that.
Have a nice day.
Watch the market flow.
Learn what was sold and for what price.
See the difference between perfect items and others and how that affects their price.
Remember that prices will change over time.
Try to undercut others.
Play the game, don't try to make a living off of it.
Just like most stuff its about demand/supply and in the start it will be a guessing game what to set as price, none can realy tell what the prices will be yet. But a perfect legendaries item will probably be worth 100x as much as a bad legendaries of same type. Getting perfect items are going to be so rare since most item even legendaries got some random stuff.
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