Xanato Xan Kaso
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- Oct 3, 2017
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- Xanato Xan Kaso
With the recent release of the Arsonistic Chip III FEN Edition all of the 5 year old TEN chips have flooded the market as those players upgraded their chips. So I would like to open a discussion on the change the FEN chip has had on the TEN chip.
Firstly I want to point out that most of the chips now on the market all have medium to high level tiers, at the time of this post there were 4 chips on the auction and at least 3 threads in the first couple of forum pages with these chips for sale.
The 4 chips that were listed on the auction today had the following prices:
Tier 5 + 6700 Buyout
Tier 6 + 7500 and +8000 Buyouts
Tier 9 + 16k Buyout
There is a Tier 7 chip with a 10k Buyout on the forum.
The most recent sales prices for each level is as follows:
Tier 5 6000 PED
Tier 6 6500 PED
Tier 7 7900 PED
The tier levels of the chips on the market are 5.x-9.1. The approximate total tiering costs of these five levels are as follows:
Tier 5 2700 PED
Tier 6 3700 PED
Tier 7 4900 PED
Tier 8 6250 PED
Tier 9 7700 PED (Educated guess based off cost of most likely materials)
The market average of each of these tiers for the last year are:
Tier 5 7100 PED
Tier 6 8200 PED
Tier 7 9100 PED
Tier 8 10,500 PED*
Tier 9 11,500 PED*
*Tier 0 had an average market value of + 3500 and the average cost of the chips after tiering costs are deducted is around 4000-4500 ped. Which means if following the trend Tier 8 and 9 should have a market value of anywhere between 10k-11k PED and 12k-13k PED respectively.
Now I am making these estimates based on the data available to me. Given that these chips were the best chips a player could own and were limited in quantity there were only around 75 recorded sales on the auction for tier 5,6, and 7. I am sure they were traded more frequently on the forums, but I don't want to spend endless hours digging in old threads for final sales prices I most likely will not find.
Now that we have the costs laid out it is time for the more subjective area of the discussion, their new value due to FEN chips. I see the most prevalent effects to be the TEN chip losing its status as the best available chip, and the effects loot 2.0 and mayhem events have on the chips.
A big portion of the value of the chips was being the best thing available, and just like how a Mk2 Laser sight has vastly higher price point than the Mk1, or the Easter 2016 ring vs the Halloween 2018, being the single best piece carries with it a lot of weight in determining value. Now that TEN chips are no longer the top-dog, they lose that prestige. Their subjective value has changed, even though their stats have not.
The other main effect on their value is loot 2.0. All items pre-2.0 have undergone major price shifts because of how the new loot system works. Given that the chips much like all top-end gear had rather sizeable mark-ups compared to the extra value they actually offer with the next closest piece of equipment, players are reluctant to sell items for less than they paid for them, yet loot 2.0 severely reduced their effective empirical value because tiering and using enhancers lowers their value in terms of loot returns.
Lastly, the third major effect on their value are Mayhem events. With these events having a TEN chip is still a major advantage especially the higher tier level chips, but this is again a very subjective value, and TEN chips will soon be outpaced by their FEN upgrades as players tier them, but I doubt anyone who bought a FEN chip plans on holding on to their TEN chip except for maybe the most devout of competitors. So how much does this event have on second-rate equipment
So there you have it, my view on the main proponents to the valuation of TEN chips in the post-FEN environment. My personal view is that the chips will drop a couple thousand PED from the market value prices I listed as there have been many chips recently listed and no takers at their current prices and with their most recent sales being around 1k PED under my valuation of the chips based on the average sales for the past year, I don't see them selling for much higher. The only exception would be right before a mayhem event starts, but then re-listed after the event has ended as there is not much reason to own one in-between events unless you are a high-end hunter or like shared-loot mobs.
Please, tell post your thoughts on the subject. Please do not be rude and even if you don't have an opinion on the TEN chips themselves, I would also appreciate constructive criticism for how I went about posting on this topic and on my methods and reasonings used in how I determined value.
Thank You for taking the time to read my post and please +Rep if you have felt I did a good job.
Firstly I want to point out that most of the chips now on the market all have medium to high level tiers, at the time of this post there were 4 chips on the auction and at least 3 threads in the first couple of forum pages with these chips for sale.
The 4 chips that were listed on the auction today had the following prices:
Tier 5 + 6700 Buyout
Tier 6 + 7500 and +8000 Buyouts
Tier 9 + 16k Buyout
There is a Tier 7 chip with a 10k Buyout on the forum.
The most recent sales prices for each level is as follows:
Tier 5 6000 PED
Tier 6 6500 PED
Tier 7 7900 PED
The tier levels of the chips on the market are 5.x-9.1. The approximate total tiering costs of these five levels are as follows:
Tier 5 2700 PED
Tier 6 3700 PED
Tier 7 4900 PED
Tier 8 6250 PED
Tier 9 7700 PED (Educated guess based off cost of most likely materials)
The market average of each of these tiers for the last year are:
Tier 5 7100 PED
Tier 6 8200 PED
Tier 7 9100 PED
Tier 8 10,500 PED*
Tier 9 11,500 PED*
*Tier 0 had an average market value of + 3500 and the average cost of the chips after tiering costs are deducted is around 4000-4500 ped. Which means if following the trend Tier 8 and 9 should have a market value of anywhere between 10k-11k PED and 12k-13k PED respectively.
Now I am making these estimates based on the data available to me. Given that these chips were the best chips a player could own and were limited in quantity there were only around 75 recorded sales on the auction for tier 5,6, and 7. I am sure they were traded more frequently on the forums, but I don't want to spend endless hours digging in old threads for final sales prices I most likely will not find.
Now that we have the costs laid out it is time for the more subjective area of the discussion, their new value due to FEN chips. I see the most prevalent effects to be the TEN chip losing its status as the best available chip, and the effects loot 2.0 and mayhem events have on the chips.
A big portion of the value of the chips was being the best thing available, and just like how a Mk2 Laser sight has vastly higher price point than the Mk1, or the Easter 2016 ring vs the Halloween 2018, being the single best piece carries with it a lot of weight in determining value. Now that TEN chips are no longer the top-dog, they lose that prestige. Their subjective value has changed, even though their stats have not.
The other main effect on their value is loot 2.0. All items pre-2.0 have undergone major price shifts because of how the new loot system works. Given that the chips much like all top-end gear had rather sizeable mark-ups compared to the extra value they actually offer with the next closest piece of equipment, players are reluctant to sell items for less than they paid for them, yet loot 2.0 severely reduced their effective empirical value because tiering and using enhancers lowers their value in terms of loot returns.
Lastly, the third major effect on their value are Mayhem events. With these events having a TEN chip is still a major advantage especially the higher tier level chips, but this is again a very subjective value, and TEN chips will soon be outpaced by their FEN upgrades as players tier them, but I doubt anyone who bought a FEN chip plans on holding on to their TEN chip except for maybe the most devout of competitors. So how much does this event have on second-rate equipment
So there you have it, my view on the main proponents to the valuation of TEN chips in the post-FEN environment. My personal view is that the chips will drop a couple thousand PED from the market value prices I listed as there have been many chips recently listed and no takers at their current prices and with their most recent sales being around 1k PED under my valuation of the chips based on the average sales for the past year, I don't see them selling for much higher. The only exception would be right before a mayhem event starts, but then re-listed after the event has ended as there is not much reason to own one in-between events unless you are a high-end hunter or like shared-loot mobs.
Please, tell post your thoughts on the subject. Please do not be rude and even if you don't have an opinion on the TEN chips themselves, I would also appreciate constructive criticism for how I went about posting on this topic and on my methods and reasonings used in how I determined value.
Thank You for taking the time to read my post and please +Rep if you have felt I did a good job.