FYI: tips for auctioning

Alukat123

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Son Alukat Goku
1.) Search the item before enlisting it.

before you enlist any item search for it first and figure out how much supply there is already and how much demand there usually is.

If nobody else enlisted any of it in auction atm, this is your chance to sell it for higher than usual MU.
Also you want to check what MU and quantities others have enlisted their items for, this prevents you from undercutting more than necessary.
Example:
others have enlisted for 105% , market history shows 103%, so better enlist for 104,x% instead of 102,x% based on market history.

Searching for the item also helps to figure out how much competition there is and to prevent undercutting yourself.

2.) items can be enlisted for up to 7 days, make use of this.

The auction fee is the same whether you set up the item for 1 day or 7 days.
The upside for putting for 1 days is of course, that it's on top initially when someone searches for this item, however once that person sorts by min-bid or buyout, it isn't anymore.
The only thing that's left then is the higher risk of the item not being sold before it expires, when you have to re-enlist it's gonna cost you money, because you have to pay auction fee again.

When enlisting it for 7 days, the potential buyer gets more time to sell his stuff and get the cash/demand for the item you are enlisting.
This is especially important for items which don't sell in very high quantities on a daylie basis.

3.) don't overstock.

non-stackables: enlist an item once at a time (exception: there's very high demand and you're pretty much the only one selling it)
stackables: enlist a maximum of 3 slot of the item, various stack-sizes.

this helps reducing the risk of items going expired.

4.) low min-bid & high BO vs. min-bid = BO
For items with a high amount of potential buyers, this may not be much of in issue, because a bidding war is likely going to happen.
note: if it sells for higher MU than the min-bid, then you got to pay an extra auction fee based on difference between min-bid and MU it actually sold for.

However, when selling stuff that has only a low amount of potential buyers, it may be better to set the min-bid and BO to the same value, the high one. There may not be many potential buyers around, but they may still buy for rather high MU.
example:
potential buyer buys for up to 150%, you enlist it for 100% , the resellers bid up to 135% and the actual buyer does bid 137% and then you've sold for 13% below the MU the buyer is willing to pay for it. Worst case, it may sell for those 100%.
With setting min-bid=BO , in this case 150%, the buyer may have bought it right away for 150%, granting you more money and eventually even faster sale.
 
I may add to this, use the charts in auctions history, at least weekly and monthly charts give you very good data, at what amounts things can be sold.
You also see the high/low peaks of item sales in this charts which could be very important information aswell.
 
Also, stop undercutting big stacks with little stacks, it is not necessary. Then the next joker comes along and lists his medium stack under your small stack... :rolleyes:
 
"Crashing up": rising MU and declining turnover doesn't necessarily mean there is shortage of the material in question. More often, it means big stacks have stopped selling while small stacks still do.
 
Avoid listing stuff before bed if there are lots of people living in the next 1...3 timezones to the west of you (e.g. if you're from U.S. East Coast, Eastern Europe, Japan etc.). They will undercut you.
 
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