How did the aggressive under-cutter fair?
A couple of weeks ago I wrote about the bottom falling out of the Glyph market, this was entirely down to one individual who was selling just about every glyph possible at a knock down price of 25g. I managed to catch up with him via in game mail and he was kind enough to explain is reasoning; briefly he was trying to force new entrants out of the market by removing the profit for them, thus increasing his profit in the long run by reducing competition, the full post is here. Anyway, it seems the day has come where the glyph embargo has been lifted, and to my surprise it seems to have worked! perhaps not as well as may have been intended, there’s still a fair bit of competition about, but the prices seem to be higher, or at least there seems to be more highly priced (200g+ glyphs) on the market. I have to admit, I was a little sceptical, mainly based on the fact that people can’t go bust in WOW, so they could simply stop selling for a while and come back to the table when the prices increase (I suspect they still might).
For the moment the ‘lesser’ Northrend and older glyphs are generally going for around the 100g mark and the newer and more in demand ones for anything up to 300g. This is far above the prices seen before the undercutting, though there are still the glut of pointless or underused glyphs and the ones that are commonly used to level the skill that skulk around in the sub 30g category. I suspect the undercutting had some effect, and some of the sellers have taken a break from selling glyphs, as I did, and simply haven’t noticed the prices have gone back up yet; I also have a sneaking suspicion that the Firelands patch has something to do with the price increase - people suddenly realising, as with flasks, that they need a few glyphs and ‘panic’ buying. That said, the glyphs don’t seem to be flying off the shelf at the minute, trade is steady, I generally sell 1-2 per listing where as I used to sell 2-5. It may also be that the sellers prior to the patch had gotten bored of the raiding content and were spending their time crafting and selling, now there's new stuff to do they’ve dropped the crafting to wade into the new content.
I’ll be mailing my friendly seller to see if I can get his take on proceedings, I’ll also be taking the time to relist all the cheap glyphs I accumulated over the last couple of weeks, having had 2 shots at listing so far, I reckon I’ve made about 1k of the 2-3k I spent having sold only 5 0r 6 of the 80-90 I bought.