Thread: Info: Item Sold!
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Old 06-27-2008, 12:55   #41
waperboy
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Quote:
Originally Posted by A-Bomb View Post
Tbh a real market price should only be established should there be two or more buyers bidding for an item. This is the only "real" way to establish what the current value of an item is. You cant establish it with someone selling an item for a nonsense price that anyone would pay, or raise, in a heartbeat. And tbh you cant really establish it with an opening bid for an item, only one person is intrested in and taking active part in the bidding. Just because one person is desperate doesnt mean everyone else in the world is.
It's really hard to judge, but I guess you have to set some standards when determining market price.
For instance, I almost always buy stuff on direct BO. If the BO is too high, I don't buy it.
Now this is tricky to judge - if the BO was way below market price, it really doesn't give any indication as to how much I was really willing to pay. If it's above, it might be, but not really - I could still have been willing to pay more.

As I'm writing this, I have come to see why BO's should not be included in market price estimations, and what a bad buyer I am
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