Ingame markup and PE Auction markup

[The Wise]

I dont know if there already was such a thread, so Iļl make my own. Question is simple- why when I play Entropia and check itmem's market value, it is different from PE auction markup?

[Gandolf]

Ingame mark-up represents buyouts and and all sales--PEAuction does not use buyouts and it throws out highest and lowest bids and the avg is based on all history data not broken out over time periods like in-game market prices are.

[Dawis]

It is quite simple. Pe Auction is outstanding system and does not get all the data.
Basicly the difference comes from buyouts. Since there is no safe way to track buyout event, PE auction gathers only data from auctions which ends in bidding.
But those are only one part of auction - usuallly those auction that ends with bidding are those that goes cheaper. This explains why price in PE eauction is often lower than ingame market price for most of the stuff.

This may not be true for recourses, due to order system, where big quantities are sold for small markup.

[Legion]

Originally Posted by The Wise

I dont know if there already was such a thread, so Iļl make my own. Question is simple- why when I play Entropia and check itmem's market value, it is different from PE auction markup?

learn to search.. but it's due to that the ingame takes buyout into consideration...

[The Wise]

I see. So ingame markup is more thrustworthy, yes?

[endermigne]

Originally Posted by The Wise

I see. So ingame markup is more thrustworthy, yes?

Thrustworthy, yes, trustworthy, no

[Legion]

Originally Posted by The Wise

I see. So ingame markup is more thrustworthy, yes?

ofcourse it is..it's based on the internal sales so yes ofcourse it is.

[Squiglet]

Originally Posted by Legion

ofcourse it is..it's based on the internal sales so yes ofcourse it is.

But as far as I am aware it does not exclude outlying results like PE-auction does, so is more succeptable to manipulation.

I suggest you look at both, and the history over at least a month of sales to get a true idea of what is going on.

[The Wise]

Originally Posted by Squiglet

But as far as I am aware it does not exclude outlying results like PE-auction does, so is more succeptable to manipulation.

I suggest you look at both, and the history over at least a month of sales to get a true idea of what is going on.

Dunno, I think that prices can greatly change in matter of days. And if last time item was sold in aution some time ago, both prices- from ingame sales trend and PE Auction can be incorrect.

[endermigne]

Originally Posted by endermigne

Thrustworthy, yes, trustworthy, no

Ok, let me rephrase this:

Depending on what you do it's more realistic or not. If you're willing to sell something in auction you may rely on the in-game statistics as long as you don't run into some item which somebody tries to fraud with (i.e. raise prices beyond logic).

If you are a serious buyer and have enough time to run around the streets you should rather use the external sources.

In-game stats are always higher than the external ones because they include buyouts (as mentioned by others) and reflect what people in need are willing to pay. But don't forget that some people may need items badly and thus will pay more.

So overall it's a good idea to know what's going on with the items you deal with. Keep looking on in-game and external data sources for a while and get a feel before you lay your hands on the items for real.

Side note: Keep in mind that every VU may cause price changes!!! Those happen when MA's balancing team decides to change availability of items.