With the recent announcement of sim pricing I thought I'd have a look at the auction pages this morning.3 sims listed, in US $. bids all recent after announcement are $1889 and two at $1250.
So why buy at these prices and take an immediate loss when new prices kick in? Ok so maybe they don't read the blog and don't know but aside from that any logical reasons for doing this?
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Curt Fouroux
Registered User
Join date: 29 Aug 2007
Posts: 118
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04-08-2008 10:40
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Phree2Be Foxley
Registered User
Join date: 28 Nov 2006
Posts: 8
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04-08-2008 12:22
The sims on the auction page are mainland, the tier is lower than a private island. Many of the folks bidding on these sims are generally in the business of parsing out the sim and reselling at a profit. I would think these residents are looking forward to the decrease in opening bid, but i don't know how much the reduced opening will affect the inevitable price the current market commands by the end of the auction time.
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Wildefire Walcott
Heartbreaking
Join date: 8 Nov 2005
Posts: 2,156
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04-08-2008 12:24
Remember, they only lowered the starting big on mainland sims. They will still sell for significantly more than that. This will just increase the pool of bidders.
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Kathy Morellet
Registered User
Join date: 26 Jul 2006
Posts: 809
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04-08-2008 12:31
Problem is, the current pool of bidders will continue to bid the prices up well beyond the existing opening bid. If people couldn't afford to pay that much before, I don't see how lowering the starting bid is going to expand the pool of bidders by any significant margin.
A bid of $2000 USD is still a bid of $2000 USD regardless of where it started. |
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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
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04-08-2008 12:35
Problem is, the current pool of bidders will continue to bid the prices up well beyond the existing opening bid. If people couldn't afford to pay that much before, I don't see how lowering the starting bid is going to expand the pool of bidders by any significant margin. A bid of $2000 USD is still a bid of $2000 USD regardless of where it started. QFT. Dropping the floor on mainland sims doesn't mean much unless some market-crushing event happens to mainland. A flood of new mainland sims isn't going to be it, the market has weathered that well enough. Twice. But dropping the price of islands and open spaces? Possibly. _____________________
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Tegg Bode
FrootLoop Roo Overlord
Join date: 12 Jan 2007
Posts: 5,707
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04-09-2008 00:40
Doesn't matter, the motto of many land barons has been to bid against each other all the time no matter how many empty sims they have already, they can't let end users buy direct.
Someone is bidding on them, hence someone wants them for something, keep auctioning them, the greedy will choke. If there was too much land then noone would bid on the sims. _____________________
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Aminom Marvin
Registered User
Join date: 31 Dec 2006
Posts: 520
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04-09-2008 01:38
QFT. Dropping the floor on mainland sims doesn't mean much unless some market-crushing event happens to mainland. A flood of new mainland sims isn't going to be it, the market has weathered that well enough. Twice. But dropping the price of islands and open spaces? Possibly. Auctioning 10 mainland sims a day for a prolonged period will definitely cause the price to drop in time  Just think about it... 300 sims a month. That's 9600 2046 lots. So, being very liberal and assuming that this is the average size that new premiums will go for, that's around 10,000 new premiums required a month to sustain current prices. Ain't. Gonna. Happen. There's 91,000 premiums as of February, and the number has stagnated around that number since last May. |