Celestial Pigs = Tulips?

w00t!

Wilds Pathfinder

Join Date: Aug 2005

Sorrow's Furnace Hot Tub

RoS

Mo/Me

Okay, what's with the serious run up in the value of celestial pigs? They're less rare than certain other limited editions (Ceretadon for example) but seemingly going for 900k. Heck, they're not even very good looking. Is there something I'm missing here, other than the fact that a bunch of people think they can make some good cash?

I know supply/demand blah blah blah, but seriously, what's up? (I'd have put this in PC, but that's usually not used for discussion).

mage767

mage767

Desert Nomad

Join Date: Oct 2006

USA

LOVE

Me/E

Only traders buy and sell such pets, to generate quick cash.

Pigs are shit - celestial or not.

Reformed

Reformed

Jungle Guide

Join Date: Aug 2009

Who can say on the exact number of them but they are likely the rarest celestial minipet because of what you had to do to get them. The mini pig had a bug during it's initial release where the rate was extremely high and they became common. A lot of people chucked them not knowing the next year a collector would appear going 5:1 on the celestial version. That collector was the only way to get one aside from trading another player.

Camdo

Ascalonian Squire

Join Date: Aug 2007

i dont know either..i sold my 6 unded cele pigs and bought a nice looking unded oni

Dzjudz

Dzjudz

Furnace Stoker

Join Date: Jun 2005

gwpvx.com/user:dzjudz

You say 900k, but I've seen at least 2 in Kamadan for 250 ecto. Ecto is around 5k, so that would make it more like 1250k! I've given up hope to get my hands on one...

Rolandl

Frost Gate Guardian

Join Date: Feb 2009

just saw one seller asking for 275e for a celestial pig a few mins ago

Eragon Zarroc

Eragon Zarroc

Atra estern?? ono thelduin

Join Date: Jan 2008

Madness Incarnate

[Duo]

W/P

meh, they can only raise in price because they are no longer being generated while still being consumed by halls. supply can only lower and they are worth a lot of money just based on rarity alone anymore, even if they arent cool looking.

w00t!

Wilds Pathfinder

Join Date: Aug 2005

Sorrow's Furnace Hot Tub

RoS

Mo/Me

Quote:
Originally Posted by Eragon Zarroc View Post
meh, they can only raise in price because they are no longer being generated while still being consumed by halls. supply can only lower and they are worth a lot of money just based on rarity alone anymore, even if they arent cool looking.
I wonder how many halls are still needing to be filled? Now that halls are account-wide (at least as far as GW2 is concerned) I'd hazard that most people who want to fill their monument have already done so, at least with the 20 pet minimum.

In addition, the CelePig is less rare than other limited pets (Ceretadon for example) yet are worth 10x as much.

Doesn't make economic sense, thus the title of the thread. The value is most likely based on greed, speculation, and the "It's rare thus I must have it" syndrome.

But I must admit I'm still baffled.

HawkofStorms

HawkofStorms

Hall Hero

Join Date: Aug 2005

E/

Scammers. They advertise "buying pig 100 ectos." There buddy spams "selling pig 100k." You buy, planning to resell. He doesn't buy.

Copenhagen Master

Copenhagen Master

Krytan Explorer

Join Date: Jun 2006

El Centro CA

Lazy Imperius Legionis (LaZy)

W/P

so how much is a dedicated cel pig going for? then and a ceretadon

dr love

dr love

...is in denial

Join Date: Sep 2006

Hyperion

starcraft 2

P/Me

Dedicated cele pig pretty much doesn't sell. I tried, there was almost no interest.
So the value is very much tied to the HoM

Operative 14

Operative 14

Forge Runner

Join Date: Nov 2006

Arizona, USA

[OOP] Order of the Phoenix I

Quote:
Originally Posted by HawkofStorms View Post
Scammers. They advertise "buying pig 100 ectos." There buddy spams "selling pig 100k." You buy, planning to resell. He doesn't buy.
That's not the case at all. The Celestial Pigs have been going for this price for several months, both ingame and out on the price check forums and on the auctions.

I think it's possible that Celestial pigs are rarer than most minipets, probably more so than the Ceratadons. Not a lot of people got them, I know I seriously tried to collect my five piggies but they got so exorbitantly pricey at the time that it just wasn't doable. Think about it; before the collector for the celestial pig, the regular minipigs weren't even a joke; they were garbage(though I loved mine ). They were the most worthless minipet, you could barely even give them away. Because of that, a lot of people gave theirs away, or dare I say just discarded them, for storage space. The market wasn't as saturated with them as it should have been considering that a year before there were probably more of them in-game than there were players and public opinion about how worthlessly many there were of them. So, five piggies were difficult (or just expensive) to get because there was such a run on them.

Couple that with the bling factor of having a walking firework following you around, something the Cereatadon can't hold a candle to I'm sad to say, and the undedicated celestial pigs are in low supply after two years with no refreshment.

I have to agree though, I do think the price is a tad on the high side for the little guys.

BladeWind

BladeWind

Krytan Explorer

Join Date: Nov 2007

The Ice Wastes in the Underworld.

The Renegades Of Ascalon

E/

Celestial Pig = The.Bane.Of.My.Life.

w00t!

Wilds Pathfinder

Join Date: Aug 2005

Sorrow's Furnace Hot Tub

RoS

Mo/Me

Quote:
Originally Posted by Operative 14 View Post
That's not the case at all. The Celestial Pigs have been going for this price for several months, both ingame and out on the price check forums and on the auctions.

I think it's possible that Celestial pigs are rarer than most minipets, probably more so than the Ceratadons. Not a lot of people got them, I know I seriously tried to collect my five piggies but they got so exorbitantly pricey at the time that it just wasn't doable. Think about it; before the collector for the celestial pig, the regular minipigs weren't even a joke; they were garbage(though I loved mine ). They were the most worthless minipet, you could barely even give them away. Because of that, a lot of people gave theirs away, or dare I say just discarded them, for storage space. The market wasn't as saturated with them as it should have been considering that a year before there were probably more of them in-game than there were players and public opinion about how worthlessly many there were of them. So, five piggies were difficult (or just expensive) to get because there was such a run on them.

Couple that with the bling factor of having a walking firework following you around, something the Cereatadon can't hold a candle to I'm sad to say, and the undedicated celestial pigs are in low supply after two years with no refreshment.

I have to agree though, I do think the price is a tad on the high side for the little guys.
Well, based on this, my regular piggies (i was on vacation during the celestial pig debacle) should be even rarer than celestial ones.

WTS regular piggie 2 stacks!

I own 3 Cereatadon's and I gotta agree with you, they're a horrible pet. I was surprised to see they'd topped 100k, given their massive degree of suckage.

Also, given the Chinese New Year cycle, celestial piggies should be coming back in a few years. hmm...time to buy all those worthless regular piggies from people...

Coney

Coney

Wilds Pathfinder

Join Date: Aug 2008

Quote:
Originally Posted by HawkofStorms View Post
Scammers. They advertise "buying pig 100 ectos." There buddy spams "selling pig 100k." You buy, planning to resell. He doesn't buy.
LOL nice way to drive the market up without mass-buying!!! PROPS!!!!!!!!!!!!!!

Gift3d

Gift3d

Forge Runner

Join Date: Feb 2007

Las Vegas

Enraged Whiny Carebears [oR]

W/E

people think that having minis in your hom will actually do something efficient in guild wars 2. pff, let em pay loads for the crappy lookin things if you ask me.

Zahr Dalsk

Grotto Attendant

Join Date: Aug 2007

Canada

Bear in mind people are also buying those frog weapons for more than 10g apiece, which is shocking.

Operative 14

Operative 14

Forge Runner

Join Date: Nov 2006

Arizona, USA

[OOP] Order of the Phoenix I

I have to ask though, what does the = Tulips thing mean?

Tramp

Tramp

Furnace Stoker

Join Date: Jan 2008

Mo/

Quote:
Originally Posted by Operative 14 View Post
I have to ask though, what does the = Tulips thing mean?
Tulip bulbs in Holland in the 1600's? or 1700's ran up in price to become worth more than their weight in gold in a speculative runup by traders. Then crashed in price later when Walmart started to sell them in 1992 for $3.99 a bag. Something like that. I forget my financial history lesson, but you get the point.

Someone asked what a ded pig is worth. I dedicated one of my 5 cele pigs I still have on a storage account about 3 weeks ago and sold it for 50k once I had a statue. So one click of the button loses you about 1,200,000 gold. It was so fun I would do it again but the HOM only lets you make one statue.

Someone said that there are more cele pigs than ceratadons. I would say no one can prove either side, however, the market price is determined by supply and demand and given the price, I would hazard a guess the poster is woefully mistaken. Unded cele pigs would appear to be much more rare on the supply side, and/or in much higher demand to fill up that slot on the HOM.

Yawgmoth

Yawgmoth

Furnace Stoker

Join Date: Apr 2005

They are more rare than most people think. Far more rare than for example Ceratadon or other low end limited minis. They were exceptionally hard to get even just after the event when they were made available, exceptionally hard for something that was supposed to be everywhere then.

Another thing that may increase it's price is the fact Celestial Miniatures are a trated like a separate collection in HoM - It's divided to Birthday Minis (1,2,3,4), Limited Minis and Celestial Minis separately. So as all other Celestial Minis are far more common, there are lots and lots of people who miss just the Pig to have a complete set - this adds extra demand for them, compared to other limited minis.

idril isildra

Ascalonian Squire

Join Date: Jul 2007

the dragons of cantha

P/W

wow didn't know the cel Pigs where worth so much!
i've still got a few normal pigs lying around somwhere in my inventory guess they aren't worth anything?

Andemius

Krytan Explorer

Join Date: Nov 2008

Vanguard's Last Stand [Hero]

W/

Kinda getting s smidge off topic but anyone know an average price for an unded celestial rat? I'm one of these people who like minis but don't didicate them

Dzjudz

Dzjudz

Furnace Stoker

Join Date: Jun 2005

gwpvx.com/user:dzjudz

Quote:
Originally Posted by idril isildra View Post
i've still got a few normal pigs lying around somwhere in my inventory guess they aren't worth anything?
Quote:
Originally Posted by Andemius View Post
Kinda getting s smidge off topic but anyone know an average price for an unded celestial rat? I'm one of these people who like minis but don't didicate them
The Price Check forum on this site offers the Minipet & Everlasting Tonic Price Guide.

Karuro

Karuro

Lion's Arch Merchant

Join Date: Apr 2008

The Netherlands, Europe

Mystic Spiral [MYST]

W/

Eh, I dedicate all my mini's.
My cele pig is in retirement in the HoM.

Tom Swift

Jungle Guide

Join Date: Aug 2007

And this shows why I can never make money

I thought the celestial pigs were ugly and looked too much like the rats anyway so I didn't turn in my piggies

a fortune lost *sigh

Reformed

Reformed

Jungle Guide

Join Date: Aug 2009

Quote:
Originally Posted by Tom Swift View Post
I thought the celestial pigs were ugly and looked too much like the rats anyway so I didn't turn in my piggies
Sounds like the alliance I was in at the time. I warned them all that even though the pigs were going for 50k+ each (up from 2-5k/ea just days earlier) now was the time to do this. The prevailing wisdom was that the collector would return the next year and sure enough he didn't. Over the years playing this game I've seen too many one-offs and limited crap to take chances anymore.