Zaishen keys going up in price?

N1ghtstalker

N1ghtstalker

Forge Runner

Join Date: Dec 2007

E/

from what i noticed when the keys came out they were around 3k
a week ago 5k each and this morning they were already selling zkeys for 6k each
with those tonics 'n stuff prices are going up and stock is mainly quite low when you try to buy in temple of balthazar
what will happen later?
will armbraces be sold for 100k + 15 zkeys instead of ectos?
especially with the title track and the tonics people are crazy for these and prices have gone up since
when a tonic comes out that'd be from a cool monster from GW i think prices would go even more up

Lest121

Lest121

Wilds Pathfinder

Join Date: Apr 2007

Army of Darkness

A/Mo

Yeah i notice the same thing............ i used to buy them at 3k, after the title update they went to 5k and i got used to that, but these people asking for 6k can kiss my ass, I rather waste my money on Consets for UW runs, at least there I have a good chance of Getting a Obby sword.

Aera

Aera

Forge Runner

Join Date: Dec 2005

Galactic President Superstar Mc [awsm]

E/

Just because 1 person sells them for 6k doesn't mean that's what they averagely go for. They're 5k atm and they will probably stay that way a long time as well.

Lest121

Lest121

Wilds Pathfinder

Join Date: Apr 2007

Army of Darkness

A/Mo

Quote:
Originally Posted by Aera
Just because 1 person sells them for 6k doesn't mean that's what they averagely go for. They're 5k atm and they will probably stay that way a long time as well.
One Person????? I have seen dozens of gamers selling for 6k.

hurdlebeast

hurdlebeast

Krytan Explorer

Join Date: Jan 2007

W/Mo-Smashing Beast; Mo-Monk Beast

E/Me

/disagree with aera. with the chance of everlasting tonics, prices are gonna drop (when the tourney points come out) and then rise again once everyone has used the keys from said points. business man would buy once the points come out, keep the keys, and sell at a higher price later. but that's just my 2 cents.

zwei2stein

zwei2stein

Grotto Attendant

Join Date: Jun 2006

Europe

The German Order [GER]

N/

Demand is high, Supply relativelly low.

As expected, PvE players can make gold to buy em much faster than PvPers can produce keys.

Arduin

Arduin

Grotto Attendant

Join Date: May 2005

The Netherlands

Limburgse Jagers [LJ]

R/

So don't buy them for any more than 5k. Prices will drop soon enough.

Nessar

Nessar

Krytan Explorer

Join Date: Jun 2008

West Siiiiiiiiiiiiiide

Gwen Has A Thing For [Pyre]

Eh, They'll drop soon enough. Unless some people are rich enough to buy them at 6k ea o.O.

[Morkai]

[Morkai]

Jungle Guide

Join Date: Oct 2007

Heroes of Elonia [HE]

W/Rt

Quote:
Originally Posted by underverse_ninja
Yeah i notice the same thing............ i used to buy them at 3k, after the title update they went to 5k and i got used to that, but these people asking for 6k can kiss my ass, I rather waste my money on Consets for UW runs, at least there I have a good chance of Getting a Obby sword.
A good chance? Hah.

Also, at OP, research supply and demand. If people refuse to pay 6k, the prices will systematically drop. If people start to pay 6k, the sellers will realise people are being pushovers, and keep pushing the prices up.

Stimm

Academy Page

Join Date: May 2006

Ive never paid over 5k per key , quite often I can still get them 4.5k per and this was as recently as yesterday. I to have seen people asking for 6k/ but I also see enough at 5k. I have to guess that 5k will be about the price range as its very easy to swap ecto for key 1:1 which I see quite often

Masseur

Wilds Pathfinder

Join Date: Dec 2005

Southern California

R/Mo

Yeah, they are not getting 6K for the keys. They are spamming for a while, well after the 5K ones sell theirs and move on.

englitdaudelin

Krytan Explorer

Join Date: Jul 2006

East Coast

Soldier's Union [SU]

N/Me

And of course, let's not forget that, often, players are offering to sell for 6k, just to make sure that if a buyer haggles and bargains down to 5k-- the seller's getting the price he/she wanted anyway.

Pesi

Pesi

Jungle Guide

Join Date: Mar 2006

Droknars Forge

No Goats No Glory

Me/

I sell them for 5k, or trade for ecto cos then i dont have to buy them.

Quote:
will armbraces be sold for 100k + 15 zkeys instead of ectos?
Thats nothing special, ectos and keys are worth the same.

oliverrr1989

Academy Page

Join Date: May 2008

Lore of Mythos [Myth]

D/

wow can't wait to get my points and sell the keys from them to idiotic title-grabbers...6k a piece huh? sounds good

kerching! :P

Alleji

Alleji

Forge Runner

Join Date: Jan 2006

I've been selling my keys ever since the update and most of the time my price was 5k. A couple times I sold for 5.5k and during a few low points (AB weekend brought the price down a notch) traded 1:1 for ecto, since most people value ectos slightly lower than 5k and it saved me the hassle of having to go to Kamadan after and convert money into ecto.

However, recently the price has been climbing. Last two batches I sold 9 for 50k. Still, the fluctuations have been pretty small since the update, so I don't think they'll go up much.

Quote:
Yeah i notice the same thing............ i used to buy them at 3k, after the title update they went to 5k and i got used to that, but these people asking for 6k can kiss my ass, I rather waste my money on Consets for UW runs, at least there I have a good chance of Getting a Obby sword.
If enough people share your view then the price will stop climbing at 6k since supply will be able to match demand. It won't drop down to 5k though, for that supply has to exceed demand, and assuming more people don't suddenly start PvPing, only a PvP weekend that gives a large portion of players double faction would do that. (HA weekend did give double faction, but only to a relatively small percentage of PvPers, so you didn't really see a dent in the price of keys.)

Empraim Wainwright

Empraim Wainwright

Ascalonian Squire

Join Date: Oct 2006

EU

Bad Wolf Corporation [WOLF]

E/N

They are at 5K or 1e, but once in a while there's a seller who try to get 6K but without luck.

Lykan

Lykan

Forge Runner

Join Date: May 2005

StP

R/

Quote:
Originally Posted by underverse_ninja
One Person????? I have seen dozens of gamers selling for 6k.
Note the word selling, doesnt mean people are buying at 6K, but i did offload a few at 5.5K today.

toastgodsupreme

toastgodsupreme

Wilds Pathfinder

Join Date: May 2005

United States

Me/

impatient buyers with money to burn set the prices.

if you're patient, you'll get them for 5k still.

stop being a baby about it.

everyone has this mentality that once a price becomes norm, they'll never get that item for below that price (excluding prices set by traders). be patient and you'll get your stuff for your price.

god forbid you have to wait to buy one.

Nazar Razak

Nazar Razak

Lion's Arch Merchant

Join Date: Mar 2006

some idiots tried to sell for 50k Each when the Golem tonics came out.

However. I doubt ZKeys would replace Ectos. Since Ectos are much more Stable in price.

MMSDome

MMSDome

Raged Out

Join Date: Sep 2005

I have seen people sell for 7.5k but it doesnt mean you need to buy it. I just buy all for 5k and still get sellers.

Malice Black

Site Legend

Join Date: Oct 2005

The rule of thumb in GW is, once one person ups their price, many more will follow shortly after.

Dallcingi

Dallcingi

Desert Nomad

Join Date: Nov 2006

USA

The Black Parades [死人死]

Mo/

Quote:
Originally Posted by Malice Black
The rule of thumb in GW is, once one person ups their price, many more will follow shortly after.
Thats the same as if someone lowers price, so do many others.

russiansteven

russiansteven

Lion's Arch Merchant

Join Date: Jun 2008

In a chair

R/Mo

Every Day prices go up its just like the dye traders prices have a bounce every single now and then. We have red dyes going up and down and blue dyes going up down with prices. Z Keys are going up also but never down so if you ever purchased Z Keys when they were 3k I recommend selling them now for 6k.

zwei2stein

zwei2stein

Grotto Attendant

Join Date: Jun 2006

Europe

The German Order [GER]

N/

Quote:
Originally Posted by Arduinna
So don't buy them for any more than 5k. Prices will drop soon enough.
Does not work that way.

You are in competition for buying those keys as supply is low. Your WTB: 5k a pop. Someone elses WTB: 6k a pop.

That other person gets keys untill he runs out of money. You can only wait out him or hope to to catch someones [email protected] before they notice 6k person.

Malice Black

Site Legend

Join Date: Oct 2005

Quote:
Originally Posted by Dallcingi
Thats the same as if someone lowers price, so do many others.
True. However, due to the popularity of the chest right now, prices will only rise.

I don't see a price drop any time soon. Some people will still continue to sell for 4-5k each due to the easier sell, but those looking to gain by key sells will sell at 6k+ shortly.

I pwnd U

I pwnd U

God of Spammers

Join Date: Oct 2005

in the middle of a burning cornfield...

Scars Meadows [SMS] (Officer)

Very true Malice. But you will have those underhanded sellers who will keep selling them at 5k even if people bump them up to 6k. If they get enough keys and enough of them do it they should be able to keep the prices stablized. Of course that is all in theory and nothing goes much by theory anymore. oO

Taurus

Lion's Arch Merchant

Join Date: Oct 2005

Mexico

Go for the eyes [jizz]

W/Mo

The right price on a zaishen key ( after the zrank update ) would be a balance on the average gold gain per chest drop ( not only merch price but the actual item price in the market ) + the price on 5 points on the zaishen title track. There isnt a way to calculate that, since the drops are unpredictable and the you really cant put up a price on a title track like the zrank, so the average price is supposed to reach a optimum balance by a common sense of worth of the players...
...but that is screwed up due to the fact we dont have an auction house, and the optimum price goes up slowly ( wich is happening now ) and down. Fortunately it will reach a balanced price eventually, but might take even longer than ectos price balancing and other rare material trader itens because of the lack of a ceiling/floor price.

My prediction is that it will keep going up ( 7-8k ) until people that dont pvp ( buyers ) reach r3 zrank.

Neo Nugget

Neo Nugget

Site Contributor

Join Date: Jan 2006

R/

Just wait till people get their RP, so many people will be trying to unload keys.

Ec]-[oMaN

Ec]-[oMaN

Desert Nomad

Join Date: May 2005

Toronto, Ont.

[DT][pT][jT][Grim][Nion]

W/

Best time to unload keys= Just as they release new tonic
Worst time to unload=After an MAT or when RP's are given from predictions

What's so hard to understand that based on the above, prices will fluctuate according to....

Kcp

Krytan Explorer

Join Date: Dec 2005

OBF

N/

Buy low sell high people affect the price as well. Sometimes if you wait around long enough you'll get a key or two for under 5k from someone trying to get rid of theirs quick.

Skye Marin

Skye Marin

Jungle Guide

Join Date: May 2006

The Seraphim Knights [TSK]

E/A

It's kinda funny. Folks in this thread will pay 5k, but not 6k, however last week folks there would pay 4.5k but not 5k. Yes, prices are rising, and yes, you will pay for the keys just as long as you think you're getting a good deal.

Ate of DK

Ate of DK

Wilds Pathfinder

Join Date: Oct 2005

Netherlands

None but Fools [nuts]

When they reach 10K I might consider selling some of my keys.
Until then I'll keep using all keys myself.

Lord Sojar

Lord Sojar

The Fallen One

Join Date: Dec 2005

Oblivion

Irrelevant

Mo/Me

My grand master plan is coming together. Soon, I will rule all of Tyria with my new keymaker shop, where I will make billions of Zaishen keys and sell them for trillions of gold! HAHAHAHHA! *goes off to find key making machine*

StormDragonZ

StormDragonZ

Desert Nomad

Join Date: Jan 2008

New York

W/R

Two days ago, I can make note of around 70% of one district (of those who were selling) asking 5k per key. The remaining 30% were 4.5k, but no higher than that.

As of six hours ago, I can make note of around 50-55% of one district (again, of those who were selling) asking 5.5-6k per key.

Those who were buying, rather than selling, reached as high as 6k per key. So in my own personal judgment and sight, they'll be steadily rising.

Still, I wouldn't be surprised if the keys become alternate equals to Ectoplasm in high price trades.

Johnny_Chang

Krytan Explorer

Join Date: Jul 2006

i've bought 30+ for 4.5-4.7k ea...

HuntMaster Avatar

HuntMaster Avatar

Wilds Pathfinder

Join Date: Feb 2007

Around

Pillar's of Earth [ROCK]

W/

I'm happy with selling them for 5k, I don't need more than that. I'v made 20k on them so far (4 keys.) and I have another 5 to sell. I only sell for plat because I never know when someone is trying to sell a duped ecto.

DarkFlame

Desert Nomad

Join Date: Feb 2005

Ascalon

E/

Quote:
Originally Posted by Ec]-[oMaN
Best time to unload keys= Just as they release new tonic
Yup, new tonic. Everyone wants to be the first to get the new Everlasting(and sell for the most while still shiny and new), hence more demand and sellers trying to get a higher price for their Z-keys. Give it a week and the price should normalize again.

kratimas

kratimas

Wilds Pathfinder

Join Date: Dec 2005

Order of the Setting Sun

R/

I put the few I had in trade for 5.5K each about 4 days ago and got 14 replies in less then a minute.

It was nuts.

Rehnahvah Gahro

Rehnahvah Gahro

Frost Gate Guardian

Join Date: Dec 2005

Underground

Rt/R

The main reason right now why Keys are rising is the Everlasting Automatonic, which is overpriced too, because it just came out. Those Tonics went down from 170e to 140e over the course of one weekend (this weekend), so I expect the Keys to drop again when the Tonics will fall as we go into June.
Over the long term Keys will not go as high as 6k and not as low again as 3k, 5k or 1e also seems to be reasonable to me.
Notice that Ectos dropped yesterday to 4.8 at Rare Material Trader, due to excessive farming (due to PvE-Perma-Shadow Form), so 1 Ecto = 1 Key is hard to maintain.

papryk

Jungle Guide

Join Date: Feb 2006

Nancy

The Autonomy[?????????]

bought many keys yesterday @5k each easy...