Saturday, June 23, 2007

Buying With Auctioneer

Make sure Auctioneer is loaded, and head to the Auction House!

Short Duration Auction Sharking
Remember, before you buy, you need to scan to make sure you have the most current information.

Talk to the Auctioneer and hit scan. Do not leave the computer! You need to be READY when the scan is finished.

As soon as it is finished, go to the "search auctions" tab. Set the first dropdown to "bid". This will search through the auctions without buyouts available. Leave everything else alone for now, speed is the name of the game.

When the auctions come up, scan through anything labeled as "short" for time left. That means it's under 30 minutes left. It could be 15 seconds, for all you know. Check out the "profit" column. If you see big numbers somewhere, bid on it. Hopefully, no one else will get to it before the auction ends. This is the easiest way to score big profits, because often times people set their bids too low, hoping to encourage a bidding war. If that doesn't happen, you can snag items for far less than they're worth, and resell them! Always do this first, and as soon as the scan is done. Otherwise, you might search for "short" duration auctions and find out there aren't any, because they all ended before you got to them. You can bid on "medium" auctions as well (2-8 hours left), but odds are good you'll be outbid. Still, if you are, you get your money back, so you can do this later. But not now! As soon as you're done trying to shark those short duration auctions, set the first dropdown to "Buyout", and hit search.

Buyout Profiteering
When the results of the buyout search are up, click on the "profit" tab to the right to organize them according to potential profit. Look for big numbers here. If you see something that's obviously being sold under value, snap it up. Use discretion, here! If you mouseover the item and see something like "seen 2 times at auction total", it is NOT a highly bought/sold item. You might not be able to sell it easily. This kind of "feeling out" will come with experience, and eventually you' know if something is worth buying or not. I'll do a post about this at some point, so check back.

After organizing according to profit, do the same for the "pct" tab. PCT is basically how much profit you get for buying at the buyout price and reselling for Auctioneer's suggested price. An item bought with "99 PCT" is essentially 99% profit! Again, use discretion here. Not all items ranking high in PCT will be sure sales. Again, your sense for this will come with time!

BTM Scan
This is a separate addon from Auctioneer, but is now bundled in with it. What it does is scan the Auction House every 20 seconds for the last 50 items posted, and search for a good deal. To activate it, click the "btmscan" tab and hit the yellow triangle (play) at the top of the window. When an item is posted that you can get a deal on, a window will pop up showing the price, the profit, and give you an option if you want to buy it. Again, use your best judgement! You need to have some feel for the economy on the server to spot the real good deals and the ones that aren't really so good.

Bottom Scanner is configurable, but can be somewhat confusing. Go here for more information!


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