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Crafting Issues (Quatrefoil Brooch)
Hi Guys. Recently prices on Quatrefoil Brooch have dropped down on some servers such as MT. This is affecting crafters in a negative way since production cost is now higher than the price on demand. Let's clear up some things.
I. Production cost based on example of Mount Tyrannas prices.
3x Gemstones (or 300 tears) = 450k
120x Quatrefoil Base = 55k - 65k
5000x Catalyst = 15k
So we got a pretty neat result of 520k+ for crafting the brooch, crit chances though remain silly.
Despite this fact, price on demand is around 300 - 450k. So for a crafter it is not worthy to craft them unless they crit. Crit chances as I said earlier are low.
Concerning those who crit there is another discussion. MT market for brooches was ruined by 3 lucky critters. Instead of selling directly on a cheaper price (cause crit is free of course), they put firstly everything on broker, then lowered the price to the hell, so now crafters have to sell cheaper to get atleast a part of their gold back. The 3 people did a messy thing. I won't call their names though they are dumbasses. Because of them, broker stock became higher than actual demand, so people stopped to buy omgf priced thingies (thinking that things can become cheap, that's the market psychology). Then these 3 motherf#ckers have lowered prices on the same broker, making the hard situation even worse, so now we have to keep up on prices with their "free crits".
II. Since the ktera developer letter has been translated and we got the "GvG" patch-notes a lot of "self-claimed experts" have overfilled the game with bullsh#t information.
a. "Next week we get a new brooch that's better than this overpriced Quatrefoil Sh#t". Guys, STOP SMOKING WEED!!! Though it seems like you smoke simple grass and get halucinations. Read DAMN patch notes!!! New dungeons will drop simple brooches. That's all! Nothing more. VM8 patch doesn't bring new brooches.! NO NEW BROOCHES WITH NEXT PATCH....
b. "If not next week but we'll anyway get soon a better brooch that we won't have to buy". Pffffff. New Brooch will drop from the omgf hard 30-man raid dungeons. As we understood from a trasnlated version of letter, there were 6 developers and 24 hardcore testers to tryout the new raid and it beat the sh#t out of them: "Hard as John Cena's d#ck". So don't expect to get an easy brooch. It's a hard raid for top gear holders. It will be available ONCE PER WEEK. Once Carl, Once! Also developers have said that it is an exclusive drop, to prove that you're op. So there are 2 variants: you'll get a quest for brooch or there will drop only a few of them per run to not flood the game with them. Whatever will happen, This brooch Won't Be Tradeable, because exclusive content ftw. It's like murderous intent skill. How Much will you pay then for 29 people to carry you through the hell? LF 1.5M worth runs ^^. Wait around 5 months t'ill december 4 to 19 to get the patch with brooch.
So, did you chill guys? These are just a bunch of myths made to fool you. Want to know why? Some kiddos want to buy cheap brooches. Wait t'ill they get cheaper. Buy them all. Monopolize. Sell for 2x. GEGE
Spacecats-sama, ples, help us with mythbusting.
#savethecrafterprofession
I. Production cost based on example of Mount Tyrannas prices.
3x Gemstones (or 300 tears) = 450k
120x Quatrefoil Base = 55k - 65k
5000x Catalyst = 15k
So we got a pretty neat result of 520k+ for crafting the brooch, crit chances though remain silly.
Despite this fact, price on demand is around 300 - 450k. So for a crafter it is not worthy to craft them unless they crit. Crit chances as I said earlier are low.
Concerning those who crit there is another discussion. MT market for brooches was ruined by 3 lucky critters. Instead of selling directly on a cheaper price (cause crit is free of course), they put firstly everything on broker, then lowered the price to the hell, so now crafters have to sell cheaper to get atleast a part of their gold back. The 3 people did a messy thing. I won't call their names though they are dumbasses. Because of them, broker stock became higher than actual demand, so people stopped to buy omgf priced thingies (thinking that things can become cheap, that's the market psychology). Then these 3 motherf#ckers have lowered prices on the same broker, making the hard situation even worse, so now we have to keep up on prices with their "free crits".
II. Since the ktera developer letter has been translated and we got the "GvG" patch-notes a lot of "self-claimed experts" have overfilled the game with bullsh#t information.
a. "Next week we get a new brooch that's better than this overpriced Quatrefoil Sh#t". Guys, STOP SMOKING WEED!!! Though it seems like you smoke simple grass and get halucinations. Read DAMN patch notes!!! New dungeons will drop simple brooches. That's all! Nothing more. VM8 patch doesn't bring new brooches.! NO NEW BROOCHES WITH NEXT PATCH....
b. "If not next week but we'll anyway get soon a better brooch that we won't have to buy". Pffffff. New Brooch will drop from the omgf hard 30-man raid dungeons. As we understood from a trasnlated version of letter, there were 6 developers and 24 hardcore testers to tryout the new raid and it beat the sh#t out of them: "Hard as John Cena's d#ck". So don't expect to get an easy brooch. It's a hard raid for top gear holders. It will be available ONCE PER WEEK. Once Carl, Once! Also developers have said that it is an exclusive drop, to prove that you're op. So there are 2 variants: you'll get a quest for brooch or there will drop only a few of them per run to not flood the game with them. Whatever will happen, This brooch Won't Be Tradeable, because exclusive content ftw. It's like murderous intent skill. How Much will you pay then for 29 people to carry you through the hell? LF 1.5M worth runs ^^. Wait around 5 months t'ill december 4 to 19 to get the patch with brooch.
So, did you chill guys? These are just a bunch of myths made to fool you. Want to know why? Some kiddos want to buy cheap brooches. Wait t'ill they get cheaper. Buy them all. Monopolize. Sell for 2x. GEGE
Spacecats-sama, ples, help us with mythbusting.
#savethecrafterprofession
0
Comments
as you've pointed out in your original post, yeah about ~5 people have tried undercutting one another in an attempt to sell their brooches
but what you're neglecting to point out is that our economy fluctuates quite a bit. if i were to calculate the current cost for a quatrefoil brooch at this very moment on MT it would literally be around 453k (if you collected 300 tears, if you bought gemstones the total would be 504k) -- it just depends on supply and demand for certain things. play the market! maybe you'll score on some cheap deals for mats once in a while
also, don't be so salty over this you should be guaranteed the new bis brooch with the final clear as per loriri's doc
happy crafting!
I withdrew mine and tried to sell it out of broker to not affect prices more. All 3 critters put their brooches for 450k. Trying up to save my investitions I was crying out for atleast 460k. From yesterday 2 brooches were sold, one in broker and one by trade. Then 2 of our crit gods raised prices from 450k to 469k. But it is too late now to save the situation. I didn't hide the fact that I am trying to sell my brooch even so cheap. I need my gold back faster to put it back to work. And well, you counted 505k for brooch. In just 3 days price for tears went from 1300 to 1050 - 1100. Because no one buys brooches so mats are getting cheaper. Also bases went from 700 to 400. One of our famous critters tanked his bases as low as he could. That's the way market adapts to the changes, so as a result we got fcked up right now.
If 3 people are enough to [filtered] up direction of economy this way then duh, I realize what a GOD means in terms of game.
By this post I am simply trying to wake up server's population. That's all.
That's the thing. People are affecting MWA prices to go down to 31, and sell by 35g each during power hours. Same by feedstock. It raises from 10.5g to 14g every day. But this is a thing under control. [filtered] done to brooches is out of control cause noobs did their work. Now community wants only cheap brooches, so crafting them is barely useless, but those in broker won't get sold...It's an unsolvable problem. You can't craft cause none will get sold. But lack of brooches won't happen cause there are those in broker for high prices. It means months without craft. Or until one of the market gods will help community.
Here some facts:
The design is less than 5k.
goddens tear are 1,1k
quatrefoil base is 400g each. you can buy the materials and get crits reducing the cost.
that is a total of 370k total cost.
So if I wanted the brooch i would buy the materials and craft myself. Because i know if i crit i will get more money back. If i dont i would have payed less than the broker.
That is why quatrefoil price is dropping. Because is just cheaper craft by yourself instead of buying. The ones in the broker are from people you critted and want the money asap.
If you look the recent history of MT you will see just 8 brooch sold in the past month.
Other fact is that people with that ammount of gold already have the brooch or really dont want it. so the potential buyers numbers reduced.
Ps. And a better brooch is coming with the 30man raid.
A better brooch is coming in a few months. And I'm not simply talking about my case only. There are more crafters that did craft their brooches when bases were 700g each and tears 2k. Mats got lower in price cause of the brooch, Direct proportionality if it's case to say so.
I made this post for informational purposes only. Community should understand that there are some myths taking the prices down and 300k paid isn't enough for a brooch. Also lucky critters should understand that putting their crits on broker in a dumb way [filtered] up economy. If we'll get rid of both myth and idiotic attitude upon crafting, situation may come to normal.
400k isn't even that low, if u check mt broker history for brooches, u will find one sold for little over 600g. Every seller has a right to put them at the price they want to.
he tried to put it for 690k but failed, there were even starfall for 500g onthe same purpose
they may feel free to sell it but apart of the broker. Price range is made up by people who set lowest price. Feel free to sell your good but don't [filtered] up handwork of others. As I said earlier, I know some people that made brooches around one week ago when mats prices were almost 2x.
I feel sad for them.
Of course Nobody is forcing you to go and buy mats. But let's talk about the people who made it with their own mats. They could sell them by a high price right? Crafting is just a conversion of something into something else. Now they conversion is a bad investition that may take out of their wallets around 200k gold.
Remember the times when game was plenty of etching mats but etch 3 was around 350k? I do remember. It is something worth. Same about this brooch. It is a piece of high end content and it has a worthy price. The price range should be respected as well, since there are people who are farming AF to get thingies. By this respect I mean something deeper than ethical [filtered]. For example. Masterwork Alkahest atm comes from 2 sources. First is MWA boxes, second is loot boxes. There are people that can buy all available on broker alkahest and sell them with 20 -30g higher. But they don't do that yet to [filtered] you all up. You will start to complain much more badly that I do about brooches. That's the kind of broker ethic I'm talking about. People simply go broke in a few enchanting attempts when prices are up. Vanguard farmers have a pretty decent profit when alka prices are up, but rest of community starts complaining about prices. Though they don't stop buying, because alkahest is vital in this game. So people get broke pretty fast, and they can't afford buying other thingies. This [filtered] happens with the introduction of every new visionmaker series set. That's why alka prices are on a golden middle, to not hurt nor farmers, nor consumers. Same is about damn brooch. Reasonable price atm is 500k. It should be 500k. Let it be 500k. All your profit depends on the simple fact if you crit or not, as with any other kind of crafting. But damn, some fckers did lower the price to 450k and even lower. So crafting basically hurts crafters. Crit is a rare thingy, but without crit you're losing damn much gold. All this post was only an advice to the shitters to gtfo with their prices out of broker, which is the standart measure for prices on things. You have something cheap to sell? Don't kill the market on that. Reminds me of alka events. Some fcks have 20k alka which they are selling 2x cheaper. But what about farmers that get it by a harder way? They need aswell to buy stuff. But they can't get a decent profit. By your logic they should sell it later. But they need gold now, not later. Hope all this bunch of not related ideas gave ya a bit of that concept that I'm trying to explain to you all. I don't have anything against system. I'll sell my brooch even for 400k or 350k if I need gold that badly. But it is not supposed to be this way. Someone get tons of profit by crits, but other 20 guys can't even get their money back.
I'm simply asking lucky guys to not hurt prices. If you did crit, please, sell it apart of broker. I beg to you.
I guess we have moral views then. To me crafting this or even holding say MWA is an investment, and investments come with a risk. If you want to craft a quatrefoil, you yourself must understand this risk. You should observe the market of both the brooch itself and that of its materials, and then make the decision to craft. No matter where your materials came from, the opportunity cost of crafting a quatrefoil is the same, mainly determined by the market price of tears. There is no so called reasonable price, only the market price. Even if you didn't craft the brooch and hold on to the tears, you still run the risk of losing large sums of gold, since tear price will inevitably drop. And this is not due to some lucky crits, ill explain below.
There was never a 'reasonable' price for quatrefoil, the first few quatrefoil listed and sold on broker was in the range of 1 million gold, then it dropped to 600-700k then 500k. Its simply because it is harder to gather the materials necessary initially. After the DFNM vanguard change farming tears became even easier, and when supply increase, prices will drop. Plus there are only so many rich people active in TERA, and there are only so many of those willing to spend so much gold on a brooch. I crafted 3 quatrefoil brooch in the span of 6 days, with all the materials bought fresh off the broker, and that is AV, im sure MT farms enough material for a quatrefoil per day, maybe even more. At this rate, the people who would want a quatrefoil but still dont have it will decrease rapidly.
What are these lucky people who crit suppose to do? Hold on to their brooch and wait for the inevitable crash? No, ofcourse they will want to get rid of theirs asap. But what about those who crafted the brooch with all their hardwork you say? Well, these lucky people who critted theirs always put in lots of hard work for the chance of that lucky crit. Will this hurt others? Of course it will! But the only way to not hurt anyone is for all of the quatrefoil crafting people to conspire and hold back supply. Are you willing to do that? Are you willing to be the last one to get to sell your quatrefoil? All the while knowing that the number of rich and quatrefoilless players are depleting?
The crash in quatrefoil price is inevitable, and just like in the real world, hard work does not guarantee more money. The faster you want to sell something, the lower you need to go, and the faster you want to buy something, the higher you need to pay. The person who made a killing from a quatrefoil crit congratz! The 20 others who lost money making one, well im sorry your investment didnt paid off. Why should the lucky critters work harder to sell their brooch? The broker is for everyone. And it doesn't really matter where they sold their quatrefoil, the precedence is set and price will go lower, 1 less quatrefoilless player. Plus you need to look at the customers, cheaper quatrefoil is better for them.
All in all, farmers could always sell their tears when prices was high, holding onto it is a risk. Just like holding onto MWA or Feed or w/e, price might rise or drop, if you can predict it good for you, if not then too bad. Crafting those tears into a quatrefoil is an even larger risk, plus crafting quatrefoil was never meant to be a stable source of income. Anyway good luck with your brooch.
P.S. I wouldn't mind if someone from the 1% come and push MWA price up by 20-30g, more reason to farm CW.
It's pretty apparent that the prices were going down at some point; more people farming iod dailies to help get goddess tears. The prices started to go down on those as time went on. Add along with people farming their own gathering mats to make fine pilka silk and all those other mats needed to make mats for brooch.
Let's not forget that not many people want to spend money to buy the new brooch but maybe spend it on some mats here and there and make their own by crafting it. As time goes on, more and more people have the brooch which results in having less demand. Also some people elect to have just mid tier brooch as well and choose not to go for new brooch. So those are some key aspects as to why it may be harder to sell new brooch and price goes down.
That being said, an item of this kind (new BIS, heavy grind) is bound to be inflated in price in the beginning and rapidly deflate over time as the market hype dies down and the economic sources feeding the item's creation catches up (new dfnm daily and people increasingly farming IOD with better alts).
However, you did get screwed by being the unlucky crafter out of a bunch that didn't crit. So with this sudden massive supply spike and the impending new brooch, it is only natural for the price to taper even sooner.
Sucks to be you.