When I place an item up for auction at the auction house there is a time limit to the auction, 12-24 hours, is this only for the item not being bid on (i.e. if someone places a min bid do they have to wait the full 24 hours, or does a new timer start)?
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Quick question about the Auction HouseFollow
It is the total length of the auction and the amount of time before you will get the item back or the money that has been bid for it. People bidding on the auction will not change the length of it.
Most people use the buy out price though since that option will end the auction immediately. A lot of the time, people are looking in the auction house for something they need right away and are not willing to wait for a bid to be resolved.
Most people use the buy out price though since that option will end the auction immediately. A lot of the time, people are looking in the auction house for something they need right away and are not willing to wait for a bid to be resolved.
WoWpedia.org wrote:
Auction lengths
Short - Less than 30 minutes.
Medium - Between 30 minutes and 2 hours.
Long - Between 2 hours and 12 hours.
Very Long - Between 12 hours and 48 hours.
If an item receives a large number of bids in a short amount of time, the duration on that item will be automatically increased by the AH (e.g., a Short length will be changed to Medium, and a Medium to Long). It appears that the change in length is to the minimum amount for that length, not the maximum. I.e., a change from Medium to Long changes the length to 2 hours, not 12
Short - Less than 30 minutes.
Medium - Between 30 minutes and 2 hours.
Long - Between 2 hours and 12 hours.
Very Long - Between 12 hours and 48 hours.
If an item receives a large number of bids in a short amount of time, the duration on that item will be automatically increased by the AH (e.g., a Short length will be changed to Medium, and a Medium to Long). It appears that the change in length is to the minimum amount for that length, not the maximum. I.e., a change from Medium to Long changes the length to 2 hours, not 12
But if a person has a momentary bidding war with another person, it will bump up the auction time.
Scholar
37 posts
I see, I see, thank you so much to both of you :D I guess what I saw in my mailbox was a miss understanding.
If you use "buyout" it doesn't matter how much 'time (could be less than 30 mins, or they could have posted a 48 hour auction 2 minutes ago' is left on the auction because you paid the full price the seller wanted for the item. It's delivered to you immediately and they have to wait an hour to collect their gold.
About the only time I can think of placing a bid but not buyout is if
1) you are searching for materials for leveling your profession(s); and,
2) when the opening bid is really low, especially if its a small fraction of the buyout or their is no buyout.
1) you are searching for materials for leveling your profession(s); and,
2) when the opening bid is really low, especially if its a small fraction of the buyout or their is no buyout.
Resellers are the ones you will find bidding on multiple items, or buying them out if cheap enough. I have no problem bidding on 300 low price items, then reposting or disenchanting the ones that I win. It's the way I make most of my cash.
Edited, Jan 17th 2012 4:47pm by dadanox
Edited, Jan 17th 2012 4:47pm by dadanox
Aye I just dropped 3K gold on some mats that when they all sell will bring me 7K at regular pricing, or more if I get to craft some of the higher end items now that I've got a tailor, enchanter, leather-worker all at skill cap, and blacksmith is just waiting on leveling the 4 levels remaining til he can cap professions. Stuck at current cap for current level.
I tried the reposting thing, but after buying 100 stacks of something and reposting a few at a more reasonable price, 20+ other players immediately posted the same stuff at a 20-50% undercut.
I hate people so much.
I hate people so much.
Please "talk up" if your comprehension white-shifts. I will use simple-happy language-words to help you understand.
Yeah, you really have to watch that. It's really only a good idea to do that sort of thing with high demand, low supply items and even then it's a gamble.
the AH is timing, I had stacks of stuff bought up at 15G which was a discount to regular price of 20-25G, someone bought them ALL up wiping out the available inventory, I posted some at 30G, sold, posted more at 50G sold, posted some at 75G, sold .... and then the undercutters came in and dropped it below the 15G price, just more chance to buy cheap and post again when the supply is weak but demand is up.
Just like real life you don't gamble with the cash you need but if it's sitting there extra might as well have it working for you. If you can't afford to lose it you don't gamble it.
Edited, Jan 17th 2012 5:40pm by Gwenorgan
Just like real life you don't gamble with the cash you need but if it's sitting there extra might as well have it working for you. If you can't afford to lose it you don't gamble it.
Edited, Jan 17th 2012 5:40pm by Gwenorgan
I make most of my money from buying JP/VP BOEs for people who are gearing up alts. Oh, and I take my Shaman for some leather farm runs to Molten Front sometimes. 30 minutes farming those spider thingies will give me around 1,000g in leather.
Unfortunately, farming isn't something I can do for longer periods of time. Killing the same stuff over and over again is boring. I did it for 85 levels across nine characters. Enough is enough.
Unfortunately, farming isn't something I can do for longer periods of time. Killing the same stuff over and over again is boring. I did it for 85 levels across nine characters. Enough is enough.
Please "talk up" if your comprehension white-shifts. I will use simple-happy language-words to help you understand.
Gwenorgan wrote:
the AH is timing, I had stacks of stuff bought up at 15G which was a discount to regular price of 20-25G, someone bought them ALL up wiping out the available inventory, I posted some at 30G, sold, posted more at 50G sold, posted some at 75G, sold .... and then the undercutters came in and dropped it below the 15G price, just more chance to buy cheap and post again when the supply is weak but demand is up.
Just like real life you don't gamble with the cash you need but if it's sitting there extra might as well have it working for you. If you can't afford to lose it you don't gamble it.
Edited, Jan 17th 2012 5:40pm by Gwenorgan
Just like real life you don't gamble with the cash you need but if it's sitting there extra might as well have it working for you. If you can't afford to lose it you don't gamble it.
Edited, Jan 17th 2012 5:40pm by Gwenorgan
Yup, that's the way to do it. Low level leather seems to be a big money maker on my server. I don't really keep an eye on it like I should, but meh. I remember when I was leveling my leatherworking on my druid, and Medium leather were selling for like 200g a stack. I don't think so...
My server is totally upside down on leather - and its pretty recent. I ad some heavy leather I picked up while hunting cooking mats. I sold them individually for 12.5G (2/5) and at that I undercut everyone else by sixty percent. Meanwhile, Borean leather, one a goldmine, is now going at less than 19 G per stack.
yeah the market for low level stuff tends to be "hotter" than the higher, I've got another 3 characters about to hit northrend and start gathering the mats from that area... but the lowest level stuff tends not to have a lot of farming, light leather, linen... actually rugged leather seems to be the real sticking spot on my server. Sometimes wool will go for 20gold a stack, other times like last night it was down to 2 gold a stack. I stay out of that market, but mageweave I previously could count on being 35G a stack, it's regularly under 5G a stack since dungeon finder came out and those mid-level dungeons dropping it get run "enough" to supply the mat that was bypassed.
Just watch for things used in events, having milk on the AH ahead of winterveil along with small eggs is a good one to snatch when they are cheap...
Auctioneer or similar addons can be a big help in watching these price dips, ie right now I could snatch that haunted memento for 3K instead of the 15K it's been up for for 3 months.
Just watch for things used in events, having milk on the AH ahead of winterveil along with small eggs is a good one to snatch when they are cheap...
Auctioneer or similar addons can be a big help in watching these price dips, ie right now I could snatch that haunted memento for 3K instead of the 15K it's been up for for 3 months.
If you're a skinner and actually need cash, Dustwallow Swamp is a goldmine right now. All the crocs and dragonkin drop heavy leather and they're thick as flies on the ground. With what heavy leather is bringing these days, its a lot faster than any other gathering I can think of. Boring but profitable.
Azaza wrote:
If an item receives a large number of bids in a short amount of time...
/hijack thread on
You must be my missing "sister!" Love the name.
/hijack thread off
Terrillian Mistfyre
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Intellectually honest, not politically correct
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