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Character Bazaar Prices Dont Jive

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Otlichnick
I N E X T R E M I S
Tactical Narcotics Team
#1 - 2016-07-01 01:46:14 UTC
TLDR: Im confused why people would sell a higher SP character (mainly 70m sp and above) at injector profit prices.

I'm not sure why, but, it seems that character prices are directly related to what the character can be extracted and sold for on the market.

This seems OK at first glance. for instance

A 60 million SP character will undoubtedly go for 46bn ISK. With quick math this is right on line with the profit you get from spending 207m on a extractor and selling an injector for 627m (current prices) dumping them all on the market.

Great! you can sell your character with out having to do all the injection process.

What is a issue though is if someone wanted to inject a character to 60m SP you would be spending 98bn on injectors to get up to the 60 million SP (starting from a 0 SP character which i know is not what most people would be starting from).

But the point remains that it is still cheaper to buy characters on the bazaar than to inject skills to get to your desired SP or skill set.

For kicks, I did the math on all injection possibilities up to 257m SP and the costs and potential profits from a full extraction, what it would cost in plexes, and how much time it would take to train that much SP, and the Isk per SP cost/profit in each category.

A 257m SP char would cost a whopping 881bn to create from injectors, while it would only resell for 212bn. Some serious diminishing returns right there.

I suppose the main question is why is there not more of a demand for characters trained over the 50m mark and even more over the 80m mark being injectors would cost a ridiculous amount of isk to bring any character to that point, and, the time frame to train from a plex is between 2 and 4 years.

Anyone buying a character over the 50 or 80m mark at injector profit prices is getting in my opinion a HUGE deal.
Coelomate Mines
Gilliomate Corp
#2 - 2016-07-01 03:15:13 UTC
Demand for high SP characters without extreme specialization is low. The value of something is always driven by those willing to buy, not what those who would like to sell wish they could get.

The price hovers so close to extractor value because the biggest use for high SP characters with a smattering of skills is to suck those skills out and use them to farm SP. Very few players are in the market for a well skilled pilot with a smattering of skills - almost all players start the game with a 'main' that serves that purpose already.

Characters with very narrow and very useful skill sets, like titan and super pilots, still sell for a premium over extractor value - but even then it's not large, because character bazaar prices already often reflected the value of the training time (i.e. the PLEX cost) spent to make the character.
Otlichnick
I N E X T R E M I S
Tactical Narcotics Team
#3 - 2016-07-01 03:41:27 UTC
I suppose you right.

Once again myself not being among the "alt" carrying people, that was not firstly thought of.

So for SP farming? People are buying, say, 20m SP characters, sucking out the SP and creating four 5m SP farming alts?

If this is profitable I suppose it will keep prices on SP low.

Thanks for the explanation.
Coelomate Mines
Gilliomate Corp
#4 - 2016-07-01 03:58:06 UTC
Otlichnick wrote:
So for SP farming? People are buying, say, 20m SP characters, sucking out the SP and creating four 5m SP farming alts?


Yes. I've bought more than a dozen characters for just that purpose. I paid about 500 million isk more per character than the value I earned after extracting them down to ~5 million SP each, then PLEX'd the character and sold the resulting SP, usually for 400 to 600 million isk per character. Not a bad racket, as long as you have the startup capital and the patience to work the bazaar.
Investor Joe
Litla Sundlaugin
#5 - 2016-07-01 08:52:17 UTC
supply and demand
Careby
#6 - 2016-07-01 16:23:09 UTC
I've been away from the game for awhile, so my initial reactions to some of the changes, like skill trading, may not be well reasoned. But it seems to me the likelihood of finding exactly what you need in the character bazaar for less than what it would now cost you to create it is slim. The key phrase there being "exactly what you need". With the exception of made-for-task, built-for-resale characters, most purchased characters always seem to come with a lot of skills you don't care about. At least now those unwanted skills can be recycled (at a cost).
Elizabeth Norn
Nornir Research
Nornir Empire
#7 - 2016-07-01 16:43:22 UTC
Remember that a lot of characters were trained via PLEX when it was a lot cheaper. Characters in general were significantly cheaper before injectors and extractors were introduced.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
Aaron Honk
Distributed Denial of Service
#8 - 2016-07-04 23:10:35 UTC
People simply don't want to extract and sell the injectors themselves, because they want a quick profit, it's like the difference between selling your plex to buy orders or selling it with a sell order