Saturday, May 9, 2009

Bid, Not Buyout

The EZ-Thro Dynomite schematic sold for my 3G asking price, tripling Accumulation's net worth. I think the days of x50 and x17 jumps in net worth are behind her sadly, even as the amounts of money made continue growing.

With a few G to her name, I decided it was time to change Accumulation's tactics, somewhat. It took her MUCH less time to crawl out of the deep pit she started in than I expected, I admit. I thought I would have to be pinching coppers for weeks!

In any case, it no longer makes sense for Accumulation to build her fortune a few coppers at a time, so I've moved on from trawling the lowest-priced auctions for the occasional vendor fodder. She still doesn't have enough money to truly "play" the AH or do much speculating, so my new tactic is to place bids on items that (for whatever reason) have a very low bid price, but a more normal buyout price. They're fairly common - something might have a 25g buyout, but a 25s bid.

This is a very low-risk proposition, because if someone outbids you or buys out the auction, no harm done - you get your bid money back. You might lose most or almost all your bids, but that's OK. The occasional auction you do win off of a very low bid will be pure gravy - you can immediately relist for a buyout price cheaper than everyone else on your server, and still have a very healthy profit margin.


I started this bidding method modestly, bidding on some herbs. We'll see how it goes!

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