Buying and selling: Things to note when selling bracers

Now that ulduar is out, more and more people are desperately liquidating their purplish assets before they drop drastically in value. I've seen several more opportunities, and had a few more questions directed my way. One of the more common ones is the prices the bracers should go for.

For people looking to sell their emblems of valor, if you have 60 of those then the next logical choice would be to convert them to bracers and sell them. As it is currently, I discourage the conversion to either frozen orbs or scarlet rubies if you have more than 60 emblems, as while the bracers will now embark on a process of devaluation, the decrease in price is not so sharp as to be less then the next highest alternative cost. That is, converting 60 Emblems of Valor into 60 Emblems of Heroism and following that into 6 scarlet rubies.

At least for the next two weeks, I do not expect the EoV BoE bracers to fall below 2 x the price of 6 Scarlet rubies/frozen orb (whichever is higher). That is, a good ballpark in which you should sell your bracers at would be.

Let's just call the price of a cut/uncut scarlet ruby/frozen orb a liquidating unit, where we take the value of whichever one of those three end products at its highest value.
On Medivh, that would be about 85 gold for a cut gem.

Minimum (for quick sell) = 9 x liquidating unit
which would be 765 gold, the lowest price I would sell at on medivh
at least for the next few days

Maximum price = 12 x liquidating unit
which is 1020 gold
If I can sell a bracer at around +/- 100 gold of this sum then I would consider it to have been a good trade.

Some of you might wonder why I use 9 units instead of exactly 6. Well, you must consider that if you try to sell say six runed scarlet rubies, you risk the chance of flooding the market, causing you to relist the same product several times, or even worse, deflating the value of that particular gem market. Furthermore, converting all the emblems to gems and so on and so forth would in real like curtail a processing charge. A rough estimate of all these will give you the 50% markup on prices I provided above.

An idea to keep in mind is that market price is not the intrinsic value of the item, but the aggregate price in which a purchaser is willing to pay for it.

If you're reading this page because you intend to buy bracers to jumpstart your ulduar career, and you wish to see how an equitable price for the bracers can be calculated, then you can factor the above breakdown into your considerations. If I were to buy bracers in these few days however, I would seek to purchase them at at most 6 x liquidating units, as I believe that is the minimum floor level the bracers will drop to for the next 4-6 weeks. That is, for medivh, 510 gold.

The key component in all these trades however, is that you must act fast, be it in buying or selling. Everytime a new patch breaks, markets has never failed to fluctuate violently, and you'll see prices go up and down to incredible highs and lows. The best way is to ride the wave as fast as you can, and retreat early to safeguard your profits. I hope that answers the emails I receieved :D

Cheers! Ulduar in 12 hours!!!

5 items you need to sell before 3.1 (for BoE epics)

While still relevant, this post is slightly outdated. If you wish to read about patch 3.2 preparation, you can click here.

With the ulduar patch coming in a few weeks now, I've been asked by several people on which items to sell while they still can. Today I'll cover the bind on equip gear, since these are the items that costs anywhere from a few hundred to a few thousand gold. Some of you probably have some in your bank, or you have to find some way to liquidate your guild bank before patch hits. Today's post will show you 6 items you need to release back into the market before 3.1 hits.

Basically, the items that will be the worst hit will be those that have an immediate BoE ilvl 226 or ilvl 219 upgrade from ulduar. People looking to gear up their mains or alts, will hold off buying the following items, since it would be more cost efficient to purchase the higher item-valued slot piece instead of buying a ilvl 200 item only to replace it a few days later.

Another criteria for selection, is the exclusion of any future ilvl 226 BoEs that require runed orbs. Requiring 15 Emblems of Conquest, runed orbs will likely be an expensive commodity for quite a few weeks to a few months following patch release. Each crafted BoE will require about 5-6 runed orbs, which would be about 90 emblems. That would be almost enough to buy t8.5 head and chest piece. As such, I highly doubt that runed orbs will reach equilibrium prices anytime soon and will remain overpriced and expensive.

While some of the following items are still a decent placeholder for a newly minted 80 starting to gear up, come 3.1 there will be a disparity between these epics and the highest tier ilvl available, seriously devaluing the amount by which you can sell them for.

Thus, without further ado, here are the items that needs to go into someone else's inventory:

1) Anything that goes into the wrist slot
That is, basically any Emblem of Valor bracers that you have.
The key reason you should sell them off now, is because
a) more and more people now know that there is no further use for valor tokens, and the next thought that goes through their mind will be to convert them to bracers and sell it off, increasing your competition. And to make it worse, they will be willing to sell them at any price, driving it down to perhaps 500-800 gold each.
b) the week ulduar comes out, guilds will rush through ulduar-10 to ensure extra gearing up of their raiders, not to mention a large army of people waiting to bite their teeth into ulduar through pugs or small guilds. Ulduar-10 drops a plethora of ilvl 219 bracers, meaning that people gearing for bracers will be looking at the ilvl 219 wrist slots, and not your EoV bracers.
For a more detailed run-up of the bracers, check out my previous post.

2) Jewelcrafting:

Titanium Impact choker will be replaced by
-Nymph Heart Charm

and Titanium Earthguard Ring by
-Signet of the Earthshaker
although druids might still go for the Jewelcrafting ring

3) Tailoring:
Deathchill Cloak, Wispcloak

Will be replaced by
-Asimov's Drape

4) Blacksmithing

Spiked Titansteel Helm, sell it before
Iron Riveted War Helm appears on the AH

and the same goes for Titansteel Shield Wall
before people go for the ulduar 25 shield Northern Barrier

5) Leatherworking:

Get rid of Giantmaim Legguards, since Darkcore Leggings will be dropping in ulduar 25


With this list in hand, its time to hit the AH and trade channel and sell them off before their prices depreciate!

Summation Mondays

It's been 12 days since this blog started, and i've gotten a few emails and a few days of spikes in page views, which has been more than i expected!

I'll take this time to address the e-mails that have piled up, and the search questions that sends people to this blog:

I'll start with this search result, what is the disenchanting skill level required for ilvl 213 items and up. I've had a few related searches and an email on this. Well, my answer is...
I'm not too sure myself! Since I'm the guild disenchanter, my enchanting level has sat at a comfortable 450. The old formulas to calculate minimum disenchanting level also do not work. I would venture a guess that it is between 375-400. I'm afraid I can't help much with this D:

Do send me an email or leave a comment if you can provide an answer!

The other topic I'm getting lots of hits and a few emails from are that of low level ways to make gold. It seems really popular, and quite a bit of people love the prairie dog whistle. Stay tuned, for I'll be adding more low level ways to make more gold!

Once again, do let me know if there's any particular level range or theme which you want coverage about!

Last, but not least, here's an excerpt of what one reader sent
Hi Sherry, I've really enjoyed reading a new blog that brings a refreshing change from the other blogs out there that helps people make gold with minimal time spent, and I've recommended it to my guildies, keep up the good work and update more. Would you like to consider putting pictures up on the blog though? Just to add a little spice

Well, I'm really not sure how to get an image host up and running actually. Could anyone help? And thanks for recommending it to your friends, I hope this blog can continue to grow like a gigantic feast! Please help to spread the word!

Making Gold On Medivh

Hello!
I'm Sherry and I play on the Medivh server, and I would like to share with everyone my tips and tricks for making gold in world of warcraft