If people say auctions are the best way to sell: (in General)

Then why is it so freaking expensive to sell stuff?

IE: I have a 12M NW ELS that I wanted to put for 3 days with a min of 5.5M and a BIN of 7.5M. Not too unreasonable I would hope.

Auctions wanted 160k to sell it. True it does take into account the 120k that I would need to xfer it, however, what if the item does not sell?

I would have liked to sell a few of my more expensive NW items via auctions but the cost is so prohibitive, eating into my profit margin.

So I use the forums to sell.

So to everyone who professes that auctions are the best way to sell stuff-I disagree. Perhaps if the auction fee was lowered, a lot, more people would sell stuff that way.

Just my daily rant...

As usual; great points.
I don't put stuff in auctions anymore, anyway.

I have never professed auctions are the best way to sell things.

Who has?

I'd love to see there be no transfers at all, and then auctions could become cheaper!

I guess it depends on the individuals definition of "best".

I've always found it more convenient, however I agree that lowering the fee would make it more attractive to use auctions.

i have always thought of it as the safest in regards to scamming. it is also the easiest, put it up and have your money delivered into your account. your fee was going to be what about 2.1 percent? if you take out the 120k it would cost to transfer anyways that leaves 40k. that knocks your fee down to 1/2 of one percent?

upon further thought, the fee doesn't seem bad if the item sells, if it doesn't sell then it would seem harsh. perhaps a refund of the transfer fee if items do not sell? in your case 120k back?

unless jon wanted it to be harsh to keep people from having listings go on forever with no real hope of ever selling the item at the price asked.

Auctions are a great way of transferring tattoos to other players. I've found the listening fees to be somewhat comical at times and then just paid the 2k for the post. Jon wants us to use auctions more right, infact he encourages it. Why put a detterent of a huge listing fee? Doesn't make sense.

*cough* consignment based store *cough*

I discovered how to set up a table with HTML, so I'm going to use FS/WTB Threads now.

Auction catches impulse buyers. Just don't sell high nw items there. You are almost always better off instaing it down if you have the patience.

Auctions are great for lowish NW items, but as soon as you leave the 10M NW range, bids can be hard to get. Much harder that it would be to sell it in FS/WTB for whatever price /USD.

Set the min to $1 and auctions fees drop far.
And auctions are definitely not the place for big weapons.

solution is simple if you want to just prevent scamming. Merely agree on auction and put it on BIN in auction. Of course the buyer need to agree to take the risk that someone just BIN before you, but its safer on the seller side. The fee would be equivalent to an insurance.

who uses an els anyway? You could have know that something like that isn't going to be bought for that amount. So what are you complaining about?

5.5M for a 12.5M ELS is not out of line. There are some people who like the ELS, not myself but there are others.

However, that was just an example. All higher NW items have a similar cost structure to put into auctions.

If the item sells, great, if not, your hosed.

i have a solution to this... its called the hylian auction system. You have an item that need auctioning ... you tell me what it is, and i do my own little auction! keeping it updated as ofen as possible and letting the sale go for however long you would like

tips appreciated but not required :)

I've just advertised an item for sale via FS/WTB instead of the auctions because I wanted to avoid the $60k listing fee.

I agree that when put against the low cost of managing a FS/WTB thread the auction fees are disproportionate.

We should be careful what we ask for though.

An easy solution would be to stop transfers and force all item transactions to be carried out via auctions, rentals or loans. If the only method of selling an item was via auctions then a listing fee of x, no matter how high, would be fair as everyone would be affected.

...and a fair number of people wouldn't be opposed to that. :P

Again, why are we fixing things that are not broken? Anyone having trouble selling their item because putting it in fs/wtb is better? I'm not seeing any material difference this makes. If you want extra cash sink, put the listing fee higher. Why do we urgently need extra cash sink now? Has inflation been rampant lately? Not really, the item market is just recovering from a price slump that lasted through late december to mid January.

Something was fixed?