I suggest an alternative Blueprint price finding strategy:

Most Blueprints have a QR 1 when people put them into Auction, ergo the rest has a higher QR. A QR 100 BP has of course a higher value then a QR 1 and normally more bids on it, if the price is ok.

Lets do a little bit math now:

Lets assume we have 20 pieces of the same Level I BP with a QR 1 sold for 1 PED each. Than the average proce is 1 PED - thats easy. Now, the 21st BP has a QR 100 and is sold for e.g. 22 PED. Then we have a total sum from

(20x1 PED)+22 PED = 42 PED sold with 21 BPs --> Average price is 2.00 PED for all BPs which is ofc totally wrong !!

What we suggest is that the Pricefinder separates the different QRs, at lest make an own section for QR 1 Blueprints!!

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We have a similary problem with (L) Blueprints too. The more attempts a BP has the more valuable is it. We need a calculation fomrular which respects that circumstances. An easy average formula leads to wrong results too.

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Next is problem with seldom traded items:

E.g.: I sold a VAT-120 a few days ago. PeAuction says TT+614. I sold it for TT+1200 in a few hours after posting it. My price decision was founded on the recorded auctions.

Same with Salamander arms too ....

Honestly, for seldom traded items another way of price presentation would be helpfully for the community. Maybe a momentum is better. What does this mean?

The older a price is the weaker is its impact for the calculation. I mean a item that is sold 3 months ago has not the same force than the same item item that is sold yesterday.

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I will remember that the Peauction website has a high reputation in the community, despite the new stats feature form MA.


regards
Manager of the Entropia Investment Fund

if rare items are traded it always makes sense to look at the dates and the last transactions.
If I am intereested in buying I always first check the %, then the recent trade data (to see the trend, how recent the data is, whether there are outliers etc).


BP price calculation is indeed quite tricky.
Best way here is to find a few recently sold items with a QR that is close to what you are offering
(and remember QR is the TT value in pec for the bp)

At first i thought it would be better to price all BP's by % rather than just the (L) ones this would allow you to see how much you are paying per Qr rather than the whole price.

However due to the fact that later skill hits are harder than earlier ones a 100 qr is not worth the same as an 80 and a 20. so maybe we need to think outside hte square and find some ohter way to work prices for BP though i think all BP's measuerd on % would be a start,

Honestly I think people expect too much of peauction. What I mean by this is it is a "guide" not a price authority. The math you are talking about is very difficult to code and most people do not understand it. Personally I would like to see things stay the way they are. If a player is smart then they go and look at individual auctions anyway which makes it VERY easy to tell what the current price should be.

Kaiser Wrote:Honestly I think people expect too much of peauction. What I mean by this is it is a "guide" not a price authority. The math you are talking about is very difficult to code and most people do not understand it. Personally I would like to see things stay the way they are. If a player is smart then they go and look at individual auctions anyway which makes it VERY easy to tell what the current price should be.

Dont put your light under your Pall stool !!!

Trader have the problem that seller always ask for the cheaper PEAuction price. Prices here must be cheaper because you cant handle Auction buyouts or orders.

BP with QR1 could be easily extracted from the others ....

I have the challenge to keep prices for 400 different items up to date and I would like to do that not manually ....

A life as Fund Manager is not easy

What about L BP's and how many times it can be used?

Fund Manager Wrote:

Kaiser Wrote:Honestly I think people expect too much of peauction. What I mean by this is it is a "guide" not a price authority. The math you are talking about is very difficult to code and most people do not understand it. Personally I would like to see things stay the way they are. If a player is smart then they go and look at individual auctions anyway which makes it VERY easy to tell what the current price should be.

Dont put your light under your Pall stool !!!

Trader have the problem that seller always ask for the cheaper PEAuction price. Prices here must be cheaper because you cant handle Auction buyouts or orders.

BP with QR1 could be easily extracted from the others ....

I have the challenge to keep prices for 400 different items up to date and I would like to do that not manually ....

A life as Fund Manager is not easy

I understand your position but the key to getting the right price for your item is not changing peauction, the key is to not sell until you get the right price .

See the idea of weighted average based on QR has a fatal flaw. Take for instance an unlimited OA-103 BP. Without QR it is worth quite a large amount of money (or at least was), now with QR it is worth even more but to be honest not much more because the base value of the BP is so high. So now we run into the situation of choosing which items get weighted averages and which do not. It tends to be a bit of a conundrum.

I understand your dilema (spelling?) on manually updating prices but I am sure you could figure a weighted average formula and plug it into a spreadheet. In fact I know Travis has offered to outfeed the auction data from peauction to anyone who wants it (within reason). Maybe you could make yourself an online tool to track all of this such as entropia tools that would calculate your own weighted average off the available auction data from peauction.

Hope this helps. Just some ideas.