What happened to mini pets' price??

Wilheim Eversmann

Wilheim Eversmann

Desert Nomad

Join Date: Jul 2005

Hi everyone, i have left this game for about 2 months coz i was so busy...but when i was back in yesterday, i have found that the price of my pets (Uned ONI and NAGA) worth much more then 2 months ago~~~~ what happened to those pets?? please enlighten me~ thx

Kyrein

Kyrein

Krytan Explorer

Join Date: Jan 2008

Island of Undisclosed Location

they became uber rare.......

Josh

Josh

Desert Nomad

Join Date: Oct 2005

England, UK

D/Mo

Yeah Oni is supposedly around 1m to 1.3m.. Meanwhile Naga is 600-800k.

Grats, your rich.. xD

Wilheim Eversmann

Wilheim Eversmann

Desert Nomad

Join Date: Jul 2005

oh~thx guys
i thought the number of minis are still increasing so i dont understand why the price has almost doubled comparing with the price i bought it 2 months ago

Spike

Jungle Guide

Join Date: May 2005

In front of my PC

Kai

E/Mo

Really I got an unded Oni on christmass day for 100k+ 63 ectos. If its worth tripple that, then I got a VERY good deal. The only thing I've seen shoot up in price is the factions special ed pet. Which now seems to go for around 100K+50E.

artay

artay

Wilds Pathfinder

Join Date: Feb 2006

Australia

The Agony Scene

E/

If you want I'll buy them off you for the price they were at 2 months ago

undeadgun

undeadgun

Forge Runner

Join Date: Nov 2006

US

Its Rainning Fame Hallelujah[伞回伞], also as guild leader

N/

what caused it is many people have realized to dedicate those rare or semi rare mini pets in HoM for GW2, so i think thats why their price have gone up quite a bit

Numa Pompilius

Numa Pompilius

Grotto Attendant

Join Date: May 2005

At an Insit.. Intis... a house.

Live Forever Or Die Trying [GLHF]

W/Me

Inflation has taken off.
I don't really know why, but the value of gold is depreciating fast. Most people probably don't notice, as the mudflation ("item inflation") means that most items also drop in price, but one can tell by what happens to the price of rare commodities.

Another factor is the dedication, which effectively is an item-sink for undedicated minipets, meaning the supply of undedicated high-end pets is reduced (and prices rise).

BigDave

BigDave

Krytan Explorer

Join Date: Jul 2006

Manchester, UK

The Sapphire Rose [TSR]

The magazine promotion thingy a few months back added a lot of these rare mini's into the market in a very short space of time so the prices dropped. The promotion ended, no more new rares hit the market, some get dedicated and so the price now goes up again. The only mini's that hold/drop their value really are the ones which are constantly being added to the market. The super rare ones like the shiroken or oni are only available in very limited numbers and as those numbers go down (because people buy and keep/dedicate them) the prices go up.

Sumink like dat anyway

namhvo

namhvo

Krytan Explorer

Join Date: Mar 2006

Norway

[ToA]

W/

I am waiting for the 3rd year pets and let us see what happens...

Rambo'

Academy Page

Join Date: Nov 2005

R/

Its to do with HoM and the fact that there is a limited number of the rare asian mini's to dedicate. I'm still not sure whether to dedicate my yeti.

It makes me laugh when I see people trying to up the price of regular mini's. A perfect example:

http://www.guildwarsguru.com/forum/s...php?t=10249647

Most of his s/b's are standard b/o prices.

MithranArkanere

MithranArkanere

Underworld Spelunker

Join Date: Nov 2006

wikipedia.org/wiki/Vigo

Heraldos de la Llama Oscura [HLO]

E/

One single word:

DEDICATION.

If you remove the existing ones from the market and there are no unlimitd sources of them, the rest become much more rare.

Soon there will be almost impossible to get a Kuunavang. Since even those without the Collector Edition could get one by paying to others, even collector miniatures should have unlimited sources. Maybe with soopah-uber-rare drops in the Zaishen chest or the original creature the miniature resembles.

Rocky Raccoon

Rocky Raccoon

Desert Nomad

Join Date: Jan 2007

Massachusetts, USA

Guardians of the Cosmos

R/Mo

Quote:
Originally Posted by Numa Pompilius
Inflation has taken off.
I don't really know why, but the value of gold is depreciating fast. Most people probably don't notice, as the mudflation ("item inflation") means that most items also drop in price, but one can tell by what happens to the price of rare commodities.

Another factor is the dedication, which effectively is an item-sink for undedicated minipets, meaning the supply of undedicated high-end pets is reduced (and prices rise).
Maybe it's time for the Tyrian, Canthan and Elonian Federal Banks to step in and do something.

freekedoutfish

Furnace Stoker

Join Date: Jun 2006

E/

Quote:
Originally Posted by Wilheim Eversmann
Hi everyone, i have left this game for about 2 months coz i was so busy...but when i was back in yesterday, i have found that the price of my pets (Uned ONI and NAGA) worth much more then 2 months ago~~~~ what happened to those pets?? please enlighten me~ thx
Its called an economy and prices fluctuate!

quickmonty

quickmonty

Ancient Windbreaker

Join Date: May 2005

Maybe we can fix it by raising the prime .5 points.

Malice Black

Site Legend

Join Date: Oct 2005

I can sell you 6000 shares in rock freekydeeky fish will know what I'm on about.

Kusandaa

Kusandaa

Forge Runner

Join Date: Jul 2006

N/Mo

Trying to buy a Naga here, can't even get a seller. The one I saw on Auctions was at 1.010mil...wish I had listened to myself and bought it 2 months ago. =_=.

Numa Pompilius

Numa Pompilius

Grotto Attendant

Join Date: May 2005

At an Insit.. Intis... a house.

Live Forever Or Die Trying [GLHF]

W/Me

Quote:
Originally Posted by Risky Ranger
Maybe it's time for the Tyrian, Canthan and Elonian Federal Banks to step in and do something.
Oh, they are. All the "elite" armors and weapons are progressive money sinks, ie sinks intended to not affect poor/new players, but drain the coffers of rich/veteran players. Every norn/monument/bandana etc armor means quite a lot of gold is removed from circulation.

It just seems as if the increased farming outstrips the new money sinks.


Incidentally, I'm trying to buy a Gwen. It's pretty obvious the guide price from Ventari Sell doesn't hold any more; the cheapest unded I've had offered was the equivalent of 350K.

Kerwyn Nasilan

Kerwyn Nasilan

Forge Runner

Join Date: Aug 2007

WHERE DO YOU THINK

W/

Quote:
Originally Posted by Risky Ranger
Maybe it's time for the Tyrian, Canthan and Elonian Federal Banks to step in and do something.
Yes every character should get 100k to boost the economy

Rexion

Rexion

Wilds Pathfinder

Join Date: Aug 2007

[Luck]

E/

all i can say about GW money inflation is... thank god there is no housing market.

too bad there is no "Bank of Tyria" (hint hint: bank of america) to set the economy back on track.

Current Event Backround: bank of america might be the bank that saves america's economy. go ahead and laugh everyone that doesn't live here, but in the end, we have health care :]

azizul1975

Lion's Arch Merchant

Join Date: Jul 2007

GMT+8

The Elite Guard of Tyria (TEGO)

Mo/

Quote:
Originally Posted by Rexion
......
too bad there is no "Bank of Tyria" (hint hint: bank of america) to set the economy back on track.

Current Event Backround: bank of america might be the bank that saves america's economy. go ahead and laugh everyone that doesn't live here, but in the end, we have health care :]
i hope u meant the federal reserves. bank of america is a different entity.

Numa Pompilius

Numa Pompilius

Grotto Attendant

Join Date: May 2005

At an Insit.. Intis... a house.

Live Forever Or Die Trying [GLHF]

W/Me

Quote:
Originally Posted by Rexion
too bad there is no "Bank of Tyria" to set the economy back on track.
But there is: ArenaNet. They do monitor the economy, and do adjust droprates and add sinks to keep the inflation at bay. Problem is, drastic changes would be as impopular in GuildWars as they are in reality, with the difference people usually don't quit reality when they get ticked off by the fed...

arsie

Wilds Pathfinder

Join Date: Jun 2007

N/

Is there a reason why anyone would not want to dedicate their minipets until the very last minute?

Rexion

Rexion

Wilds Pathfinder

Join Date: Aug 2007

[Luck]

E/

Quote:
Originally Posted by azizul1975
i hope u meant the federal reserves. bank of america is a different entity.
nope. my sister is an econ major going into banking. she said something on the line of "bank of america helping fix america's economy". or some bank. but it wasn't the FED.