It has been several years since the release of limited minipets. Many have been dedicated, lost on inactive or banned accounts, or are simply too loved for some players to trade away. In 2011, how would the influx of additional limited miniatures (of existing types) affect the prices on these miniatures, and would there be any larger ramifications to the economy?
For clarification, I am referring to the following miniatures, and small additions around 10-100 of each by rarity (more Asura, fewer Kanaxai):
Asura, Destroyer, Gray Giant, Ceratadon, Grawl, Yeti, Naga, Oni, Island Guardian, Panda, Shiro'ken, Zhed, Vizu, and Kanaxai.
Limited Minipets Economy
Ariena Najea
Ariena Najea
After some more thought, I changed the lower bound of the range to 10 from 30.
I do have a specific reason in mind, but unfortunately I cannot elaborate on it at this time.
I do have a specific reason in mind, but unfortunately I cannot elaborate on it at this time.
clear
I feel they would slightly decrease in value since more would be available. Also an influx in these minis might spark peoples interest in these minis since they would in a way be "new" again.
carnage-runner
Meh. The prices would go way down. All the buyers would say "there's more they are less valuable now" and offer ridiculously low prices. In relation to how many buyers there are, they wouldn't be too unjustified. Supply/Demand would be in rough shape.
I think it would collapse the highend mini market. Everyone would quit, and they would be largely lost for good. Feer Mongering ftw.
I think it would collapse the highend mini market. Everyone would quit, and they would be largely lost for good. Feer Mongering ftw.
cosyfiep
well, you can look at 2 limited mini pets that might help you out: greased lightning and Mad kings guard. Both are very limited with the mkg being more so than the gl.....
they only are available for a short time and only to a certain few.
How has the price changed with more of those being introduced into the market?
they only are available for a short time and only to a certain few.
How has the price changed with more of those being introduced into the market?
Ariena Najea
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Originally Posted by cosyfiep
well, you can look at 2 limited mini pets that might help you out: greased lightning and Mad kings guard. Both are very limited with the mkg being more so than the gl.....
they only are available for a short time and only to a certain few. How has the price changed with more of those being introduced into the market? |
I am not so sure the market would collapse, particularly since adding more of these may bring back some of the infamous, retired traders back into the economy.
The Mountain
First, let me say I could certainly see a release of such pets in the future, excepting the ones given away as GvG rewards, such as Kanaxai and the Island Guardian. Based on the company's prior actions with the rare minis, I certainly do not see more of those being added.
I completely disagree that you can predict the changes that would happen based on the fall of Zippy and MKG. Zippy has dropped so much because of the huge number of them on the market, the release of the black beast, and their association with botters. MKG is worth so much less because now that it is known they are not the rarest pet in the game, people value it in part based on aesthetics...and the thing is fugly.
Prices would certainly fall, but I imagine the ultimate result would be that the prices of these unded pets would move significantly closer to the prices of the ded pets of the same time. In fact, I'm actually quite surprised by the results of the HoM news release. I figured only the prices of the rare unded pets would drop; certainly there was no reason for a decrease in the prices of the ded ones...except the sheep follow the paths they know, and unded has always been much more valuable than ded. I know quite a few people in the market for these pets, and not one of them would dedicate one and take a loss of several thousand ectos, so why the price difference? idk
I completely disagree that you can predict the changes that would happen based on the fall of Zippy and MKG. Zippy has dropped so much because of the huge number of them on the market, the release of the black beast, and their association with botters. MKG is worth so much less because now that it is known they are not the rarest pet in the game, people value it in part based on aesthetics...and the thing is fugly.
Prices would certainly fall, but I imagine the ultimate result would be that the prices of these unded pets would move significantly closer to the prices of the ded pets of the same time. In fact, I'm actually quite surprised by the results of the HoM news release. I figured only the prices of the rare unded pets would drop; certainly there was no reason for a decrease in the prices of the ded ones...except the sheep follow the paths they know, and unded has always been much more valuable than ded. I know quite a few people in the market for these pets, and not one of them would dedicate one and take a loss of several thousand ectos, so why the price difference? idk
Pleikki
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Originally Posted by carnage-runner
I think it would collapse the highend mini market. Everyone would quit, and they would be largely lost for good. Feer Mongering ftw. |
I think kinda the same
Dervish Kid
The more in quantity, the less people will be.. Economics 101..too many, lower the prices. Less there are, higher the price. eg. Panda & Beetle
azur3
I actually dont get the craze about the super-duper-rare minis like Panda or Vizu.
People are paying enormous amounts of ectos for them, but why? The HoM doesnt see difference if you ded Panda or first year Devourer (well except for rarity). The wealth show-off? Oh come on, it's just a game who will be (most likely) abandoned due to GW2 release.
People are paying enormous amounts of ectos for them, but why? The HoM doesnt see difference if you ded Panda or first year Devourer (well except for rarity). The wealth show-off? Oh come on, it's just a game who will be (most likely) abandoned due to GW2 release.
Coast
show off, I'm pretty sure if people could show their weapons with req+stats in kmd or any other outposts that their prices could go even higher than the kanaxai/pandas/island guardian unded;
Lets say a q8 15^50crystalline sword as an example.
Lets say a q8 15^50crystalline sword as an example.
The Mountain
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Originally Posted by Dervish Kid
The more in quantity, the less people will be.. Economics 101..too many, lower the prices. Less there are, higher the price. eg. Panda & Beetle
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Pleikki
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Originally Posted by The Mountain
Simply not true. There are more Pandas and Island Guardians than there are of visu, zhed, shiroken, and MKG. You must also keep demand in mind.
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Many zheds And shirokens and such got added after those happening so more of em are possibly still in the game
The Mountain
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Originally Posted by Pleikki
Thats not rly sure.. as Most of panda/kanaxai and IG's got lost with dupers on hacked accounts and differend glitches..
Many zheds And shirokens and such got added after those happening so more of em are possibly still in the game |
...and not THAT many of the mid-range pets were added after the duping.
Reformed
Why do we need more of these when it's been made crystal clear they provide no benefits towards GW2? To be blunt, if it's the "me too" factor OP then I'd suggest saving up to get what you want or setting more modest goals. The whole point of vanity items is that there aren't enough to go around so you have something to work towards.
Onis, as an example, are now trading at roughly 1/3rd their peak value. Adding more of these to the market will just finish the job and further collapse anything but the absolute rarest of miniatures.
Onis, as an example, are now trading at roughly 1/3rd their peak value. Adding more of these to the market will just finish the job and further collapse anything but the absolute rarest of miniatures.
clear
I don't understand why anyone would care if a ubber rare mini pets would benefit you in GW2. You guys act like when GW2 comes out they will shut down the GW1 servers. This simply will not happen there will be the same die hard players playing GW1 as there are now.
I would never dedicate a high end mini my self. But, there are people who do simply to be able to show off their wealth through the HoM. This also helps inflate the prices of these minis since if you are a purist like me you will not buy a dedicated mini.
I would never dedicate a high end mini my self. But, there are people who do simply to be able to show off their wealth through the HoM. This also helps inflate the prices of these minis since if you are a purist like me you will not buy a dedicated mini.
KamikazeChicken
I honestly hope Anet makes all the Asian into 6th year gifts... I don't even care if they just change the names so people don't complain.
Island Guardian = Twisted Bark
etc.
Island Guardian = Twisted Bark
etc.
cosyfiep
some of the minis are cute and that factor plays into some (a tiny amount) of their appeal. I would LOVE to have a panda or island guardian for that reason, I dont give my rats behind about how few there are ....I just know I like them and would love to have had one (aint gonna happen)...same for them being ded or unded--wouldnt really care, just want one.
On the other hand the mad kings guard is one of the more rare minis---only a few each year. (greased lightning STILL goes for more than my wallet can produce in a years time)...but its (as has been pointed out) butt uggggghly. So only collectors are really really going to want it---the cutness factor is gone (same for vizu and shiorken sin--ughly buggers they are).
how adversely this affects the market????? /dunno. Though if you did a poll and asked the casual gamer which one of the uber rare minis they would want I highly doubt vizu would be one (unless they play sins)......I would theorize that the panda (like the mpb) would be a high pick for my reason previously stated, thus part of the reason for its higher price.
On the other hand the mad kings guard is one of the more rare minis---only a few each year. (greased lightning STILL goes for more than my wallet can produce in a years time)...but its (as has been pointed out) butt uggggghly. So only collectors are really really going to want it---the cutness factor is gone (same for vizu and shiorken sin--ughly buggers they are).
how adversely this affects the market????? /dunno. Though if you did a poll and asked the casual gamer which one of the uber rare minis they would want I highly doubt vizu would be one (unless they play sins)......I would theorize that the panda (like the mpb) would be a high pick for my reason previously stated, thus part of the reason for its higher price.
Hobbs
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Originally Posted by cosyfiep
Though if you did a poll and asked the casual gamer which one of the uber rare minis they would want I highly doubt vizu would be one (unless they play sins)
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JONO51
Honestly, it would likely depend on the amount added, demand and # people that actually have the cash to afford these mini's. e.g. if there's 1000 people with 400+arms who want a panda, and there's only 100 panda's, then 10 more really won't cause much of a price drop. If you started adding several hundred more, then likely some of those people would lose interest (no longer a status symbol) as well as it being easier to acquire in general so the price would take a hit.
Pleikki
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Originally Posted by cosyfiep
(same for vizu and shiorken sin--ughly buggers they are).
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carnage-runner
You're all wrong... It's so obvious. Go to Kama.. Hell, I'm selling a zhed. And all I get are 1500-1700e offers even though the last few to sell were around 2ke. My point? NONE! I HATE YOU ALL!!!!
Just kidding ...
The point is.. There are not a lot of buyers who are willing to fork out lots of money for them, all it is is kids who want to pay the bottom end -250e price for things. The number of them is quite high, but it doesn't change the fact that if you add more pets increasing the supply, those people will see that and immediately start offering WAY less because the supply has been increased.. Even though Supply/Demand hasn't changed, as adding more will increase demand due to the fact that people will immediately expect prices to drop off steeply.
If they add more pets, trading/selling highend mini pets is going to become an extremely costly venture for anyone unfortunate enough to have one in their posession when the addition occurs.
In my honest opinion.. Add new rare pets. Make a new competition, and add a new rare mini pet to the game. And Unded Abaddon, or Unded Grenth or Balthazar. I don't really care what, just add a new extremely limited pet to the game.
Adding more of the same will destroy the mini economy, anyone who disagrees with me needs to look at what's happening now, and what happens when you increase supply to things in this game. (Hint... the offers permanently go to the tank)
Rant. Over.
Just kidding ...
The point is.. There are not a lot of buyers who are willing to fork out lots of money for them, all it is is kids who want to pay the bottom end -250e price for things. The number of them is quite high, but it doesn't change the fact that if you add more pets increasing the supply, those people will see that and immediately start offering WAY less because the supply has been increased.. Even though Supply/Demand hasn't changed, as adding more will increase demand due to the fact that people will immediately expect prices to drop off steeply.
If they add more pets, trading/selling highend mini pets is going to become an extremely costly venture for anyone unfortunate enough to have one in their posession when the addition occurs.
In my honest opinion.. Add new rare pets. Make a new competition, and add a new rare mini pet to the game. And Unded Abaddon, or Unded Grenth or Balthazar. I don't really care what, just add a new extremely limited pet to the game.
Adding more of the same will destroy the mini economy, anyone who disagrees with me needs to look at what's happening now, and what happens when you increase supply to things in this game. (Hint... the offers permanently go to the tank)
Rant. Over.
The Mountain
That's true when they dramatically increase supply, and in the short term, it would be partially true. However, look what happened when they dropped a bunch more yeti, naga, oni, zhed, shiroken and visu into the game. Prices fell for a little while, then equaled out, then went A LOT higher. Unless they add 100+ of each, I doubt any long-term changes would occur.
AngelWJedi
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Originally Posted by Pleikki
ooo! you cant be serious!! Vizu and shiroken are so cute! imo IG>vizu>shiroken>panda for 4 most cutest minis!! O.o
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Black Metal
well, I love the Shiroken, the only problem is he's pretty small, and being that rusty red, it can be hard to see him at all.
two things -- in page one, someone stated that no high-end minis have been taken out of the economy recently. I personally know of one person in a very famous guild who had his account hacked, and lost several high-end minis. This happened about a week ago.
second thing, if Anet feels the need to get into another mini sweepstakes, I really hope they introduce new minis, rather than devalue some stuff some people (ahem......) had to work very hard to be able to afford to buy themselves.
realistically though, I don't see them doing anything like this at all. The age of big contests and sweepstakes are over (other than the Wintersday/Halloween art contests). This game is past the point of promoting it for big player increases.
two things -- in page one, someone stated that no high-end minis have been taken out of the economy recently. I personally know of one person in a very famous guild who had his account hacked, and lost several high-end minis. This happened about a week ago.
second thing, if Anet feels the need to get into another mini sweepstakes, I really hope they introduce new minis, rather than devalue some stuff some people (ahem......) had to work very hard to be able to afford to buy themselves.
realistically though, I don't see them doing anything like this at all. The age of big contests and sweepstakes are over (other than the Wintersday/Halloween art contests). This game is past the point of promoting it for big player increases.
tghoodoo
Panda> Zhed> IG> Kanaxia for me. yup thats right, Zhed #2 for me 
that damn horsy is so badass....with his little staff 
but some bitch ass mother RED ENGINE GORED ENGINE GORED ENGINE GORED ENGINE GOer had to take him away from me. excuse me, but now i've gotta go watch futurama cuz i love this episode. sry bout the cursing
that damn horsy is so badass....with his little staff but some bitch ass mother RED ENGINE GORED ENGINE GORED ENGINE GORED ENGINE GOer had to take him away from me. excuse me, but now i've gotta go watch futurama cuz i love this episode. sry bout the cursing
Reformed
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Originally Posted by The Mountain
...then went A LOT higher.
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Coast
they gonne add kanaxai in the deep as possible drop (1% chance compared with droprate for polar bears)
they adding island guardian in urgoz warren.
Now some people will cry
they adding island guardian in urgoz warren.
Now some people will cry
Essence Snow
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Originally Posted by Coast
they gonne add kanaxai in the deep as possible drop (1% chance compared with droprate for polar bears)
they adding island guardian in urgoz warren. Now some people will cry |
For the few that would cry, thousands would rejoice...and it would definately breathe new life into the Deep and Urgoz.
Ariena Najea
I appreciate the responses here, and it seems like most of you would rather see new limited minis rather than an increase in previously released sets.
What would the effect(s) be to the prices and circulation of existing limited minis if a new set were released?
What would the effect(s) be to the prices and circulation of existing limited minis if a new set were released?
Bellatrixa
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Originally Posted by Coast
they gonne add kanaxai in the deep as possible drop (1% chance compared with droprate for polar bears)
they adding island guardian in urgoz warren. Now some people will cry |
Essence, I totally agree that it would bring new life into those very overlooked areas and surely with WoC coming it'd be even more fitting to update the end chests in Urgoz and The Deep?
-hinthint to Mr Stumme there-
KamikazeChicken
If they give me a way to get an IG, I'd be happy. Otherwise, Anet better add the Twisted Bark to the 6th years. >.>
Coast
they are basically the same, best option is putting it in endchest but with rly low chance to get it(1/100th the chance of chance u get a polar bear)
So this means like 2 ig per year if farmed daily by tons of people, should not decrease prices on the pets.(hardly)
So this means like 2 ig per year if farmed daily by tons of people, should not decrease prices on the pets.(hardly)
carnage-runner
Do not add the same minipets again. Adding new ones will slightly deflate the current market because the interest and money will go elsewhere.
Current Highend Minis will decrease in value slightly.
Current Highend Minis will decrease in value slightly.
StueyG
The idea on new mini pets dropping would be nice - Deep and Urgoz would be good ideas - just do like Mallyx where you get a mini of the boss. Heck do like UW and add gold versions of others as well, and add to DoA, Deep, Urgoz, even Sorrows Furnace would be fun. Just have gold and green minis of the bosses and sub bosses added. It would be fun to see that for the dungeons in EoTN as well. Just make them extremely rare.
Hobbs
Agree with the above idea, ideally they'd be about as rare as Mini Smites and Mini Dhuum, drop rate could be adjusted approximately for difficulty to ensure that miniature drops per hour are about the same, i.e. the easier/faster the dungeon/elite area the lower the drop rate.
Malice Black
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Originally Posted by Ariena Najea
I appreciate the responses here, and it seems like most of you would rather see new limited minis rather than an increase in previously released sets.
What would the effect(s) be to the prices and circulation of existing limited minis if a new set were released? |
Looking at losing 10-15% on the higher limited minis and upwards of 25% on the med to low minis over the space of 3-6 months.
Hanok Odbrook
Since you're asking - I would like to see a mini-trader and a mini-maker. Have the trader prices reflect the rarity of the mini-pet, but allow them to be bought with Z-coins. I would also like to see a mini-maker in the same mold as the festival hat maker - you present him with a mini and it is then kept in his storage, able to be made for any character on your account.
However, the major difference with these two NPC's would be that the mini-pet would be customized to your account, therefore unusable by any other player. That way, players who have no desire to farm ectos or armbraces can play through the z-mishes to obtain the minis they want and those minis can only be used by that player and dedicated to his HoM.
Hanok
However, the major difference with these two NPC's would be that the mini-pet would be customized to your account, therefore unusable by any other player. That way, players who have no desire to farm ectos or armbraces can play through the z-mishes to obtain the minis they want and those minis can only be used by that player and dedicated to his HoM.
Hanok
Ariena Najea
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Originally Posted by Malice Black
Prices would fall gradually if new limited minis were added. Many would have to sell before they could buy. A lot of people would be looking for a quick sell so they will lower B/O's to get the sell. Soon the lower B/O becomes the standard price, then more people will offload theirs which in turn lowers the price again...and so on.
Looking at losing 10-15% on the higher limited minis and upwards of 25% on the med to low minis over the space of 3-6 months. |
Do collectors give preference to familiar characters or creatures as minipets? For example, the Ghostly Hero is not a limited mini, but the number in circulation is small enough (and price high enough, have seen 1500e+xxx arms) that he probably counts. Would a collector who has not gotten involved in Heroes' Ascent be likely to purchase the mini, particularly at the cost of selling more familiar PvE minipets?
Baretata
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Originally Posted by Hobbs
After Panda I think Vizu is my second favourite, i've always liked the human minis.
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Vizu is like the smexiest lil beast out there! Mega smexy+ deadly lil ninja girl
My top 4- Vizu, Polar Bear, Kanaxai, Naga!