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Let's talk about the golden dragon mask price.


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12 minutes ago, sherteminys said:

It's the first time i see a limited vanitie going up the price up to 4m before 5 days of it's finalization. It looks like there are 2 options, or it drastically drop the price after a number of days because of more offer than demand or it goes higher. What do you think about? 

This has happened because of the huge popularity of a really well designed vanity item, (if you compare the demand to the recent eyeball masks and snowglobe hat).

 

I think there'll be a short-term drop in price as some players will likely sell the item near the end of the event if they need cash, but it looks like this vanity will definitely increase significantly - it'll probably take a few weeks/months though IMO.

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Whats more concerning for people who are thinking about money is...

people constantly trying to undercut each other on envelopes, eventhough they will 100% at the price listed before.
luckies were 100k and now 60k
This happens with all similar events and its sad for those who are farming.

If one doesnt like the GTL price, the giftshop price is stable.

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5 minutes ago, Keffy said:

Whats more concerning for people who are thinking about money is...

people constantly trying to undercut each other on envelopes, eventhough they will 100% at the price listed before.
luckies were 100k and now 60k
This happens with all similar events and its sad for those who are farming.

If one doesnt like the GTL price, the giftshop price is stable.

This is normal for the first few days of the event as more are in market so the price will inevitably drop - a lot of players who farm want quick and easy cash so to avoid their listing being there for a while they try and sell cheaper (there are so many listings made within the first few minutes), not realising that their competitors will likely do this as well so that 'lowered' price becomes the norm.

 

Generally the ideal method is to sell all the envelopes you have on the first 1-2 days, buy them near the peak / middle of the event, and then sell them again either 1-2 days after the event finishes or wait until a few months until the price hopefully increases enough for a decent sized profit.

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2 hours ago, Imperial said:

I think there'll be a short-term drop in price as some players will likely sell the item near the end of the event if they need cash, but it looks like this vanity will definitely increase significantly - it'll probably take a few weeks/months though IMO.

Any significant profit will probably take years. The game has changed, well.. the 'vanity game' has changed. Luckiky for the dev team, there are definitely so called 'whales' playing this game now that seriously buy stacks of 99 of a vanity item. With this mask, you can bet that some person has stacked hundreds of them. So the market is way more full with vanities than a few years ago. In short, it's gonna take a long ass time before any vanities even double in value like they did in the past.

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21 minutes ago, ThinkNicer said:

Any significant profit will probably take years. The game has changed, well.. the 'vanity game' has changed. Luckiky for the dev team, there are definitely so called 'whales' playing this game now that seriously buy stacks of 99 of a vanity item. With this mask, you can bet that some person has stacked hundreds of them. So the market is way more full with vanities than a few years ago. In short, it's gonna take a long ass time before any vanities even double in value like they did in the past.

Not 100% true, black Plague mask for example had its value x3 in about a year and was released not too long ago and parts of the Phoenix set already doubled as well

Edited by Quakkz
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The reason why the mask that is sold for RP is selling significantly higher than usual is directly related to the lowest cost of RP in the GTL. This mask is selling for 4.2-4.5million currently, because the market currently is selling 1k RP for 2.7-2.9million for 1k RP. As a comparison, in the christmas event it didnt exceed 2.5m/1k RP, or if it did...not for long..... The event wasnt nearly as popular, vanity not quite as hot, add in no particles....people didnt have much of a reason, short of a backpack, to grind it. This event is much different

 

But as the cost of RP drops and rises (which likely wont be much different than current pricing) the cost of the mask will reflect it

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  • 10 months later...
On 2/14/2021 at 12:38 PM, ThinkNicer said:

Any significant profit will probably take years. The game has changed, well.. the 'vanity game' has changed. Luckiky for the dev team, there are definitely so called 'whales' playing this game now that seriously buy stacks of 99 of a vanity item. With this mask, you can bet that some person has stacked hundreds of them. So the market is way more full with vanities than a few years ago. In short, it's gonna take a long ass time before any vanities even double in value like they did in the past.

But that would need really much cash tbh

Edited by Leviatharian
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