Not being at home means I can’t check these values, but it is worth noting that they are in place.

Obviously this works perfectly against people who are clueless to the Auctioneer value of the item, want the item now, or are simply too stupid to see what is happening

One thing I wanted to mention that I have never heard anyone discuss on this board (most likely an oversight) With all the account hacking and crap that is going on, I Highly reccomend running your main Bank alt to level 11 at Least. If you loose your account, Nothing under level 11 is recoverable. This is just an FYI for the lvl 1 banker alts out there.

You don’t have to price cap for long to see some profit. Just remember, we’re not going for 5-10G profit per item. Any increase over your invested amount is profit. That was Law’s whole point. In true price capping, you’re focusing on completely overtaking an item on the AH. Say it’s Copper Ore. In the end result, you want to have over 75% of the copper ore on the AH as yours, and at your capped price. If people need copper ore in stacks, they’re gonna have to buy at least a few of your stacks, because you’ve already bought out everyone pricing below you, and relisted at your higher price. Capping at over 500% steadily brings the price median (percentage) higher. Buy X at 5G, relist at 25G. If you list 20 stacks of 20 at 25G, the percentage is going to change, and start people trying to sell similar items at close to the new median price. After the median (100%) price goes up 1-2G, resell at the median price, and make profit. That’s also why it’s suggested to start trying this method with enchant mats, so you don’t get eaten alive by deposit costs while you’re getting used to it.

Just remember, you’re not trying to push the price up to your 500%, just increase the 100% median slightly by skewing the items Auctioneer scans. That’s why just putting up a couple stacks here or there doesn’t work. You have to put enough product (and not just 1 stack seperated into 20 single-item auctions) to really affect the overall market value. Scans count raw numbers of items, not numbers of auctions for that item. So 20 single items will have the same affect as a single 20 stack. The goal is to dominate one corner of the market completely.

A lot of folks in larger guilds (which is most of Fenris) tend to start alts at the same time. One member will say ‘well, maybe I should start a priest’, and about 3-4 of his/her guildmates joins in for faster levelling, and easier instance runs. Those alts are also at the same prof levels at around the same time. Watch the market for what’s moving, especially if it’s moving fast. Take copper ore for example. If it’s disappearring off the AH like crazy and has unusually high numbers for the 7 and 3 day average buyouts, then there’s where the investment lies. Just don’t sit on a single items too long. Price-cap it, make your gold, and get out. Those same alts are gonna be looking for bronze bars soon after, so investing in some tin and using your remaining copper to make bars would be a great way to get rid of excess product. Think of what your own toons needed at those levels, and follow that trend.

I followed this method with enchant mats for a while, and walked away with a big smile. I was using Dust, so I started with Dream Dust, and just went up one dust level every week for about a month, using my profits from the last set to buy up my next amounts. By the time I reached Inf Dust (which is part of my rotating auctions anyways) I had about 16 stacks extra, sold them at my usual rotating price, and ended up making 1500G compared to my initial 950G investment.