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Item prices way under mineral cost.
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Ronny Hugo
KarmaFleet
Goonswarm Federation
#1 - 2014-03-31 16:41:23 UTC
Some products stay consistently under cost on the market (I have double and triple-checked my own spreadsheet on these items that appear to be sold under cost). For example, the armageddon, it costs 193-195M to make according to this website: http://www.eve-cost.eu/calculator and my own spreadsheet. Yet its priced at around 160M. In Amarr some poor sod is selling 94 units at 165M, that's a 2.8B loss assuming 195M cost.
Are these people subject to using spreadsheets and software that they don't understand could be mistaken, or what?

Why aren't these cheap as chips ships being bought for PVP purposes? Could fill an entire fleet with geddons (imagine the neuting powah) at prices that are subsidized by some unfortunate geddon manufacturer.
Loraine Gess
Confedeferate Union of Tax Legalists
#2 - 2014-03-31 17:10:42 UTC
Pre-mineral-change stock.
Ronny Hugo
KarmaFleet
Goonswarm Federation
#3 - 2014-03-31 17:27:45 UTC
Loraine Gess wrote:
Pre-mineral-change stock.


So instead of raising the prices to their new cost level, they sell them under cost? Isn't that like selling shares in Tesla at 51 dollars because they bought the shares at 50 dollars? (They're at over 200 dollars now)
Loraine Gess
Confedeferate Union of Tax Legalists
#4 - 2014-03-31 17:54:38 UTC
Ronny Hugo wrote:
Loraine Gess wrote:
Pre-mineral-change stock.


So instead of raising the prices to their new cost level, they sell them under cost? Isn't that like selling shares in Tesla at 51 dollars because they bought the shares at 50 dollars? (They're at over 200 dollars now)


http://en.wikipedia.org/wiki/Opportunity_cost



Feel free to buy them all out and relist at proper mineral price.
TheSmokingHertog
Julia's Interstellar Trade Emperium
#5 - 2014-03-31 17:59:32 UTC  |  Edited by: TheSmokingHertog
You could also turn it upside down, not "Some products stay consistently under cost on the market" but "some minerals spike above normal market value waves".

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Koniforous
Tauren Transit
#6 - 2014-03-31 18:11:37 UTC
Maybe he purchased those armageddons a year ago, rather than building them, and has finally decided it's time to sell his stock. If he can undercut current build prices, while still maintaining a profit from the stock's original investment price, he can almost guarantee his stock will sell.

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Daniel Plain
Doomheim
#7 - 2014-04-01 00:28:45 UTC
i think i still have a few dozen armageddons lying around somewhere, bought at 80m a year ago.

I should buy an Ishtar.
Sabriz Adoudel
Move along there is nothing here
#8 - 2014-04-01 02:50:44 UTC  |  Edited by: Sabriz Adoudel
There's another possible explanation (although for battleships it is definitely pre-mineral change stock).

Sometimes you build something based on prices at a given time, and before your production cycle finishes the product falls in value. An example would be Celestis hulls. IIRC build cost is ~8000k, sell price was 9500k a month ago and is now 7500k. Someone who may have started a build order of a couple hundred hulls might wind up selling 10% under cost now just to exit the market. (Edit: I think Null L is getting close to this point now).

I've also sold things under material cost (but above low-skilled reprocessing value) when I've just wanted out of a market ASAP, or because I needed liquid ISK immediately for a deal good enough to merit a small loss elsewhere.

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Lucas Kell
Solitude Trading
S.N.O.T.
#9 - 2014-04-01 11:05:52 UTC
It could be some of that, but it's likely to be pre-change stock in most instances. People kept a lot of these stocked up and make a mint off of them even at under build price. By staying under build price they ensure that no new competition can join in and that some people may take a chance buying their stock to relist. Realistically there will still be thousands of ships waiting to be listed all bought or made before the change. It's unlikely you'll see some of those ships recover for years.

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Percival Rose
The Scope
Gallente Federation
#10 - 2014-05-14 11:37:24 UTC
And there are off course the peeps who need quick cash and don't mind to sell with a loss. Without them, my wallet balance would be a lot lower.

Do you know who's going to inherit New Eden? Arms dealers. Because everyone else is too busy killing each other.
Rhivre
TarNec
Invisible Exchequer
#11 - 2014-05-14 12:13:21 UTC
with battleships, it is that there are still a lot of them lying around from before the balancing changes

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