Monster Of The Auction House
Posted on July 10th, 2008 by Gavin under General TipsI OWN THIS AUCTION HOUSE - USE AT YOUR OWN RISK!
There’s a new commercial out for a video game where this guy jabbers about crushing his peeps in a game of video football. At the end of it he says: “Doing things like that makes you wanna say things like - ‘DUDE, I own you; pass me that soda!’”
How would you like to so thoroughly Dominate the AH that there just isn’t any argument left. You can just tell other players you own them and pass the Mok’Nathal Shortribs! It’s pretty hard to do, but there is a way it can be done if you have the knowledge and gold to pull it off.
A lot of you probably won’t like this. Many of you may not be able to do it on a large scale. Most of you will need to practice before you can really use it like the serious weapon that it is. Almost none of you will have the patience to wait for the right timing.
BUT - if you don’t mind being an uber-greedy capitalist pig, have a decent amount of gold to play with to begin with, a lot of experience working the ah, and can wait like a ninja to strike; I can guarantee you there is simply no faster way to make enormous piles of gold, period.
All of our amazing gold-making secrets are in our Auction House Mastery guide (Which we will be releasing as soon as it’s perfect) This little tidbit is only a small section. What I’m going to tell you how to do today is how to corner a market segment and watch the gold pile up in heaps.
Cornering A Market
Depending on the size and prices of the AH on your server, don’t even try this unless you have between 5,000 - 10,000 gold you can blow. In order to do this properly you are also going to have to use Auctioneer Advanced and have several months of daily scans in your database.
You will also need to have the ability to watch the AH like a hawk. That means logging on every few hours to your banker to peel the newly posted items off the market before anyone else can buy them.
This technique is only possible because the WoW economy is a closed market with limited fluctuation. What you’re going to do is pick a niche of the market and OWN it. At least for a couple of weeks every month or two.
Here’s how this works - Pick an item type and buy out every single one that gets posted during the week (suck up the entire supply) and then stick it back on the market on Friday at +200% markup. In order for this to work you really have to be the only guy at the AH with that item type for sale. You have to buy every single thing so that you completely control the market segment. You have to have absolute and total power over supply.
I normally pick enchanting mats. I have the most experience with those and the market tends to be fairly stable for these items. This technique also works best with the very highest end items, thus the need for so much gold in order to begin. In order to truly make this effective you need to buy up a complete niche such as Large Prismatic Shards, Planar Essences, Void Crystals, and Large Brilliant Shards - basically all of the high-end enchanting mats.
You’re also going to have to figure out what things actually go into a niche, that is why this is really risky unless you have a ton of gold already and don’t mind losing a big bunch of it if you guess wrong. In my example above I found out that on several servers Arcane Dust just has too much supply feed to corner, it’s almost impossible to do. But keep in mind that not every server is the same, so you’re going to have to be a real gambler with serious skill to guess right every time.
You will sell a few things the first weekend, and maybe get back 50% of what you spent the first week buying up your niche. You have to keep it up for at least another week. Keep buying everything and post it all up the next weekend. The next weekend you should clear back what you spent plus a hefty profit to boot.
Why does this work? Because people have the attention span of gnats. When they need something, they would rather pay 2-4 times it’s market value than wait a few weeks hoping prices will drop.
Yes, it makes people mad - laugh at them and shrug while you make thousands of gold. You can snicker at the people yelling in trade chat about the jerk who is jacking up the market with his stupid inflated prices and giggle when you open your mail full of big piles of gold.
After two weeks of this, stop buying and just sell. Those folks who post the same stuff will by this time tend to match your new price and only undercut you a little bit. You will normally find that prices will re-stabilize at your much higher rate for some time.
At this point sell down and stop buying for a while. You can watch while prices continue to drop until they reach the level they were before you did this. Now it’s just lather, rinse, repeat. When prices return to historical averages, you can do it again. This is where the waiting part comes in.
You see, as prices rose, you need to stop buying everything because your profit margin is shrinking. Once prices drop again the margin returns. When prices spike, you can move on to a new niche if you like, or just take a break and do other things for a while.
If you couple this with rare events such as a patch or the recent Season 4 arena start, it can mean wicked profits. We posted the experience of our editor - Lawbringer, doing exactly what we’re talking about here during the Season 4 opening in Lithanial’s article “Season 4 - A Unique Opportunity.”
Lawbringer began with 5,000 gold to work the market. He cornered the enchanting mats mentioned above and was able to turn 5,000 gold into a little over 12,000 in two weeks. Now, during the sell-down phase it’s closer to 15,000. That means he tripled his gold in right at two weeks - not bad!
We’ve also done this with Darkmoon decks right before the Faire hits town, epic recipes, high-end cloth items, and on and on and on. The possibilities are vast.
We also have developed a system that makes us over 1,500 gold every single week with less than 2 hours spent working the ah. Oh, and I don’t ever farm - I mean EVER. Nor do I grind out dailies for chump change, dailies are for rep and the itty bitty bits of gold that go with them are a bonus. Why spend 2 hours a day to make a hundred gold when I can make 1,500 a week in two hours at the ah?
I also used this technique when Shaman got dual-wielding in a previous patch. I bought up all the axes for a few weeks before the patch and marked them up severely the day of the patch. I made about 4,000 gold in two days when all the Shaman rushed to the AH to get another axe. Once you get the hang of this, it’s almost too easy.
So get out from behind your farming plow and join the world of the power AH broker. The cars are faster, the gold piles are bigger and you can walk with that extra swagger that comes with Dominating!
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the recent season 4 begining ?
not season 3.
also for those out there who dont wanna get flamed to much, just do it on a bank mule !!!
The editor was asleep at the wheel there Slavrix! The correction is well noted and fixed in the article. That gaffe is totally on me.
You also spelt my name wrong
For those of you who have ever read Dragonlance books i cant help but be reminded of Kender economics though. They would wreck economys on a whim buy buying everything up to artificially inflate prices then just flood the market to cause the price to crash, all while riding the waves of profit.
Having studied economics helps vastly when it comes to the auction house too; its all a matter of supply, demand and elasticity. Cornering a market is great, but if more supply of the material can easily be generated to counter you then things can get tricky.
If you can corner a market where new supply is generally slow, such as shards which cannot be easily farmed then your onto a winner.
Hmm I think yes wow this works but it does two things,
1) it can cause competiotion when everyone sees the massive cost (therefore profit)of ur cornered market, so u have to pick properly rare stuff for this to work else ull just get sum guy who has lots of spare time who will just go farm these.
2) you have to watch out for the weekend jump. As said, Auctioneer is a must here, and even better a spreadsheet of costs is good. monitor the items u want to corner for a few weeks and watch it fluctuate. Friday can either be a price pusher or a price dropper. Some weeks ull end up not selling anything, but don’t let that gte you down.
I tried this method before on a level 24 alt. he had 100g from leveling and i was leveling mining up so i stopped and grabbed all the tin and copper ore i could of the AH and whilst leveling up to 24 from 20 i also mined EVERYTHING i saw. I then just turned into bronze and was selling each stack for 12G. seems cheap yeah?. I was buying the ore from the AH at as little as 2g per stack. also with the stuff i had grabbed whilst leveling. I think i should add that it wasnt anything particularly slow. i was not taking time out to grind, merely running around doing my usual quests and mining what i found. Then i sold everything, buying out the undercutters and had made 300g within days.
The point being that this is a solution to gold making at any level.
I tried a similar idea, but here’s my utter failier story.
Pre-Xpac, New profession: Jewelcrafting!
Taking a guess, i bought out all the copper ore on the AH, but a partial mistake was ALSO buying all the copper bars.
The other problem was…i did it too early, and got flooded and underpriced when the xpac came out, although, i believe i still broke even.
I hope to do this again with the next Xpac potentially, with enchanting mats (anyone else feeling like inscription is going to take enchanting mats?) except keep up with it, with more gold, and more focus
pretty sure inscription will be using its own set of mats, i believe i read somewhere it’ll be using “runes” ever play D2LOD?? lol sounds all too familiar.
Wow…thats geat, 1500g in two weeks, but the only risk i can think off is: What happens when people DON’T buy your stuff in your cornered market lol? That would lose you thousands of gold!
That’s why you pick a part of the market people will ALWAYS need something from; i.e., enchanting. People need to enchant all of their stuff post-s4 so sucking up all the high end materials pre-s4 means you have a guaranteed monopoly for a short amount of time. Until people catch on to it.
I did this right about 2 months after the x-pac came out, and i saw that primal earth was fairely cheap, the economy stabalized, and i had 2000g. so i bought all the primal earth for about 2g a stack and then resold it for 4g a stack the next day, each day when there were undercutters i just broke the stacks down into 1 so that way when people sort by price they get hit by a ton of 1 stacks of primal earth for 20s each instead of a stack of 20 for 2g each. i ended up making 4000g
I’m just trying to say, keep in mind, breaking up your stacks so they have lower cost per stack can be benifical vs undercutters if you cannot be on as rapidly as every 2 hours.
I wish I had the time to do that, but I don’t.
In all honesty, I just want to log on with my lvl 8 alliance warrior and be able to buy decent armor for under a gold. Seriously, yesterday there were lvl 8 greens for belts that were 92-100 gold a pop. GIVE ME A BREAK….
Yeah, it’s risky but then again, if your stuff doesn’t sell then
(say if you bought enchanting mats) you could always just quit your old prof and become an enchanter xD…. or the other option is to just wait and wait until you find that it is selling
Servos, Blizz has confirmed that inscription will be Herbalism dependent.
I truly despise the a*****es that do this kind of stuff. You can’t but any “of the bear”, “of the monkey”, or “of the eagle”, armor or weapons at the end of a level bracket on Sargeras for less than 50g.
As a result I’ve moved my Sargeras toons. The people that do this are killing their servers. They’re also getting nailed by Blizzard for “manipulating the game economy” if they’re too good at what they’re doing.
I own u
I think this is a pretty good idea but do it (ONLY) with things such as enchanting or talioring mats, not low lvl weapons, armour etc. If u do lvls 8-20 become as dificult as lvl 60 up.
I recently did this with vision dust when it was at the lowest ever, 50s per stack, so I bought about 20-25 stacks and sold them at 2g per stack. pretty good money at level 18. my first alliance toon has money to spare. my horde guy at level 52 has the same amount of gold
it helps that the alliance AH is 2 to 3 times bigger on the alliance on my server, Greymane- a possibly dieing server for the horde
not growing very much
I really liked this Guide; and it’s pretty much explains exactly wat i do on my server. But there was one thing i didnt like, and thats the fact that u said that Dailies are purely for rep and nothing else. Well i took a look at the calculations and if u do all of the dailies possible every day u get something around 250g and if u multiply that time 7 (seven days) u get 1750g a week. So wouldn’t it be better that once uve mastered this guide idea u should start doing all the dailies as well; because u would double ur profit intake or more every week? I mean if say u get 1500g a week from just this plan, think how much ud get by also doing dailies for money… thats 3250g a WEEK. I dont know that just makes more sense to me seeing as u would double ur income a week. but hey wat do i kno i have only played for 3 years dont listen to me if u dont want too.

to the post above…
/agree
BUT some people dont have the time to do all possible dailies every day.
so if you want to watch the AH alot it doesnt leave much time to do dailies so you wouldnt get much more of a profit.