Quote (Taurean @ Mar 24 2023 11:43am)
But this is not an auction page. And it's just ridiculous to bring up "psychology" in this topic, although i do realize that is part of it to an extent. But not in the way you portray it here.
Letting an item run for a while will not let people run away. One simply states this in the topic, that one will let it run for a while to get the best or the most correct price.
If one goes out and tries to quick sell something, and then suddenly goes cold, then yes i agree, that is deterring for future sales. But that usually goes down to personal reputation as well. People in specialized markets notice these things.
d2jsp is made up of threads and every single thread, in essence, is an auction (besides threads where seller of item is only accepting a BIN). So yes, auction theory and the basic human psychology it rests upon is applicable here. Lol. The problem with jsp is that the auctions' rules aren't standardized and they are determined by the seller of the item, so you get various auction end times (sometimes 24 hours, sometimes 48, sometimes week, up to the seller). Sometimes auctions have no end time (this is detrimental for the seller for the reasons I stated prior). Sometimes you have an open-ended auction but there's a BIN. and sometimes there's no auction and there is only a BIN.
Almost every sale for a very GG top-tier item on D2R has had their sale ruined when the seller waits an exorbitant amount of time to sell. Anyone that frequently browses the trade forums and keeps up with the GG items is aware of that. If I wanted to use time to do it, I could pull several examples even from threads with not crazy GG items but people who just waited too long to sell something, had the higher offers retract, and had to take a lower offer.
https://forums.d2jsp.org/topic.php?t=98498711&f=145Literal prime example that I remembered since I was interested in this item. Couldn't get the owner to consider any offers for weeks on end. I think he sold for less than half of what his top offer was in the end.
This post was edited by Koston on Mar 24 2023 12:49pm