Tag Archives: Leatherworking

Synthetic Fur Coming into Fashion

As widely reported and recently confirmed on the PTRs, Arctic Fur will be tradable for 10 Heavy Borean Leather from a vendor in the professions region of Dalaran. This change will have several economic effects, the most significant of which will be the normalization in price of Arctic Fur with 10 Borean Leather.

Farming Arctic Fur, as most skinners know, can be a frustrating experience for the profit-minded WoW trader. A quick search of the item on the WoW official forums shows that the vast majority of posts related to Arctic Fur are complaints on abysmal drop rates. Blizzard has responded to the wall of skinning QQ by implementing a change that will allow a conversion of other, lower level, leatherworking profession items into the harder to attain Fur. This type of change is not entirely unprecedented in the game, the most recent example of which would be the implementation of the Abyssal Shatter ability for Enchanters. Unlike that ability however, the Arctic Fur conversion process will be useable by anyone, not just players that require the item for his or her professional crafting uses. This means that any enterprising and astute trader will be able to profit from any amount of price disparity by simply keeping a close watch on when the price of Arctic Fur rises significantly above that of 10 Borean Leather. Assuming there is no limited restock or cooldown of some sort (which, at present on the PTRs, there isn’t) it will be easy to rig the market to produce this profitable result. The vendor trade profit potential will be short lived, however, as eventually even casual traders will catch on to the change and the markets will stabilize.

On the larger scale, we wonder if this profession item trading ability is a sign of things to come in WoW. Blizzard mentioned at Blizzcon this year that they were going to make rare reagents available through guild membership so, it would appear anyway, that they are moving away from players struggling with attaining these types of items for crafting purposes. This will ultimately completely redefine these key trading markets and we can’t help but wonder what the long term economic effects will be. If the intent was to make the more rare crafting items easier to attain, why not simply increase the drop rate? The purpose of changes similar to this one must be that Blizzard is trying to redefine these markets.

When it is all said and done, it would be reasonable to expect that the longer term results of this change are going to be a constant equalization between the prices is of equivalent amounts of Borean Leather (in all of its forms) and Arctic Fur. If this should prove to be the case, expect to see a sharp rise in the price of Borean Leather and a modest decrease in the going rate of Arctic Fur in the wake of patch 3.3. There may be some opportunity for procuring inexpensive Borean Leather now, before this change is widely known, for either reposting when the price spikes or conversion to Arctic Fur when the change first hits and the prices are still high.

Advertisements

3 Comments

Filed under WoW Economy News, WoW Gold Making Tips, WoW Market Commentary

Drums of Caveat Emptor

In the wake of our report yesterday on the state of the 3.2.2 economy, we are receiving scattered reports from concerned readers about the charges on the Drums of Forgotten Kings and the Drums of the Wild. It would seem that some of the more nefarious sellers out there are using up 49 of the 50 charges on their drums and then reposting them with one charge left for the same price as fully charged drums.

UPDATE: We contacted our reader who alerted us to this issue and asked for more information about the scam and they clarified that they were scammed by drums offered in /trade chat. Apparently, the drums can be traded between players with less than full charges but NOT posted on the AH. Beware of deals that look too good to be true in the trade channel, they probably are.

This sort of scam is nothing new and we’ve seen it before with similar charged items. What is different is that the item is new and so some buyers are not quite used to the charge feature of the drums just yet. As with all items in the AH for sale or trade, the rule of thumb is Caveat Emptor. Watch what you’re doing and don’t make silly mistakes. And, no, a GM will not ‘fix’ this issue for you. Instead, may we suggest a few more appropriate ways for dealing with trading mistakes.

Just so we’re clear, both types of drums have fifty charges each when first crafted. Any less and you’re not buying a ‘new’ product. The Priest buff scroll, Runescroll of Fortitude, holds a single charge each but can stack in sizes of up to 20 per stack. There is still, as yet, no Mage scroll yet so the Vending Machines of WoW are safe for the time being.

On a side note, we love that the Blessing of Kings drums are called ‘…of Forgotten…’ since we’ve become so accustomed to grouping with pallis that forget to buff. Now if only they’d make a ‘Drums of Turn Off Crusader Aura Ya Nub’. Just a thought.

3 Comments

Filed under Uncategorized

All About the Patch 3.2.2 Economy

Here are a few observations about the post-3.2.2 economy based on reader tips we’ve received and the WoWenomics teams’ own observations. We hope you find them useful. Feel free to share your own observations in the comments section.

A Big Ol’ Cup O’ Hurt

The Tankard O’ Terror, a BoE mace dropped by the Brewfest boss, is now being heavily sold in the AH and marketed in the /trade channel. The prices on this item range widely from the area of 1,000 gold to 3,000 or so. Tobold put up a good post explaining that he sees this item being BoE as an oversight on Blizzard’s part and suspects that the item may be made BoP in the near future. We don’t necessarily see that as happening and, in fact, are sellers of this item as opposed to buyers. Currently we will purchase the item at bid levels below 800 gold and sell at any above 1,100. A few of our team members have generated a bit of income with this strategy but longevity is limited. As the event progresses we expect the price to continue to drop as more and more players attain one and post it. Longer term, however, the price of these maces may increase significantly if similar holiday events do not yield comparable weapons. This is to say that, come six months from now, any remaining Tankard O’ Terrors might catch a pretty penny (copper?).

Conversely, sales of the Titansteel Bonecrusher are slowing significantly as players can attain the higher item level Brewfest mace for approximately the same (or lower) price.

On a personal note, I’m pretty sure I drank from that tankard more than once during college.

My Orbs Dropped

No, that wasn’t another personal note. Rather, Crusader Orbs have dropped sharply in price, as they are now attainable for 15 Emblems of Triumph. We actually predict there will be a slight bounce back in going rate for these items as two things happen:

  1. Players will be attracted to the lower price thereby driving up demand and
  2. Players will exhaust their reserve of emblems thereby slowing supply.

Runed Orbs have dropped slightly in price (presumably because more players are crafting the higher level items that require the recently inexpensive Crusader Orbs)

Frozen Orbs have actually increased in price albeit marginally. This is possibly due to content distraction and connection issues. We expect prices to drop back to ‘normal’ levels shortly.

Counting Bodies Like Sheep to the…

Two new types of drums were released. Drums of Forgotten Kings and Drums of the Wild both offer what were previously class specific raid buffs but are now available as a Leatherworking crafted item usable by even non-Leatherworkers. Prices for the drums are being reported to us as between 100 gold and 300 gold. These prices are expected to drop somewhat in the coming days as Leatherworkers flood the market.

Most servers tested showed a sharp increase in the price of the materials required to craft these items. If you are a farmer/supplier of such goods, now is certainly the time to sell.

It is worth noting that the buffs granted by these items do not stack with the class-offered versions of the same.

A Script for Profits

Scribes are reporting success in selling their version of the open-class raid buff, the Runescroll of Fortitude. Current price point on all servers tested varied from a low of just under 10 gold each to a high in the area of 22. This item is also usable by all classes and professions and, similar to the drums, does not stack with similar buffs granted by priests.

In other Inscription news, we’ve received scattered reports that the going rate for a few glyphs is on the rise. Specifically, glyphs that cater to skills in the Mage’s Arcane tree are on the rise (presumably this spec became more attractive given the buffs it received) and we’ve also heard the same (although to a lesser degree) about the Glyph of Seal of Command due to buffs to that specific skill. A few other glyphs have been redesigned and sales are moving upwards or downwards as the community reacts to the changes. If you are a scribe you may wish to reassess your pricing and adjust accordingly.

All Your Buffs Are Belong to Us!

Players would be well advised to note that the buffs granted by the aforementioned drums and scrolls will stack with each other. Further, and perhaps more importantly, the buffs stack with those granted from consumables. Thus, you could theoretically use both types of drums, the scroll and an elixir of both varieties (or a flask) all at once- even while soloing. Take it away min/maxers…

One final comparative note is that the buff granted by the drums is 30 minutes long whereas the scroll grants a 60-minute stamina buff.

A Gem of an Opportunity

Raw gems continue to rise even while the prices of the cut versions stabalize. One area we’ve observed strong gains in price with Armor Penetration gems. This is quite probably a result of players trying to compensate for a nerf to this statistic that was introduced by Blizzard with this patch. Here is a full list of Armor Pen gems to help you plan accordingly. It should be noted that this rise was somewhat unexpected by our team. Rather, we would have predicted a decline in the price of these gems since their value has been nerfed. Perhaps that price drop is still to come.

Further Reading

3.2.2 Information (including the patch notes) from MMO-Champion
Further market predictions from WoW Confidential
3.2.2 Summary from WoWhead
Onyxia Flying Mount video (highlighted just because it’s so damned bad a**)

3 Comments

Filed under WoW Community News, WoW Economy News, WoW Gold Making Tips, WoW Market Commentary

Pirate’s Booty

September 19th is international Talk Like a Pirate Day and in celebration Blizzard is holding a corresponding in-game event, Pirates’ Day. WoW profit seekers will find some, limited, opportunity to profit that we will discuss below.

First off, the basics:

  • The event lasts a single day. There is no requirement to participate or perform any sort of activity.
  • There is one achievement associated with the event, it is categorized as a World Event achievement, but has no impact on the world events meta-achievement.
  • The majority of activities will take place in and around Booty Bay in Stranglethorn Vale.
  • There is no title to be attained this time around. Sorry to all you out there.

The major opportunity for profit comes in the form of players that want to get into the pirate spirit and dress up in pirate regalia. Just My Two Copper points out that the best, most profitable, opportunity to do so will probably be the crafting and distribution of the Admiral’s Hat. The tailoring pattern to craft this item is purchased from Cowardly Crosby, an NPC near Booty Bay. No reputation with any faction is required for purchase but the recipe is a limited item, sold in single quantities and on a conservative two-hour respawn timer. It is our opinion that JMTC is correct in their assessment that the limited supply of the recipe will drive the asking price of both the recipe and the crafted result to peak prices during the event. As they also note, the materials required to craft the item could spike in price. In our opinion, it his here that the opportunity for profit truly shines. While the hat and recipe will certainly be limited in supply, the Long Elegant Feathers (of which you need 6) will be much more limited in supply. Of further benefit the supply of the hat pattern will be extremely limited if you don’t have it but the feathers themselves are quite easy to come by… provided you know where to look. The post from JMTC has a nice video outlining a farming technique for attaining the feathers. Here are our assessments of where to go to farm these potentially profitable items and some additional reasons to farm these specific locations.

For the Horde

The Horde actually has it a bit easier on this one in that their target mobs have a slightly higher drop rate. The area is The Hinterlands and Hillsbrad Foothills. The target mobs are the various Razorbeak hippogryphs found all around The Hinterlands. The two useless ‘guards’ to The Hinterlands at the start of the trail in Northeast Hillsbrad Foothils also drop the feathers. The listed drop rate is approximately 40% but our experience was slightly less than that. While in the area, keep an eye out for farming opportunities, as the area is rife with herbs that sell quite well. Note that the mobs here are friendly to alliance players and thus cannot be killed by even the most traitorous Alliance members.

Also, since you’re in the area, be sure to visit the secret path to The Western Plaguelands called Plaguemist Ravine. Starting just North of Shindigger’s Camp, this narrow, mob-free path harks to the old school style of WoW development when hidden paths and locations were the norm. Many newer players are unaware of its existence.

Another place you should most certainly visit since you’re so nearby is the NPC George Candarte just East of the entrance to The Hinterlands (East of the aforementioned two useless Gryphons). See, Ol’ George sells the Leatherworking pattern for Green Leather Armor which can resell quite well in the AH. This limited recipe is on a 20 minute respawn timer and is the only NPC in the game that will sell it to The Horde. The NPC is Horde allied and thus cannot be bought from by Alliance players. If you are an Alliance player and you’ve decided to come check out this zone anyway, just go ahead and kill the NPC because –and let’s be honest here– you’re Alliance and that’s exactly the kind of s**t you like to pull.

For the Alliance

WoWhead lists several Alliance options for farming the feathers but not all are equal. For starters, the mob they list in Hillsbrad Foothills is literally a single mob. With a drop rate in the area of 35%, that’s a long time spawn-camping a single mob for infinitesimal returns (but hey, you can kill Ol’ George over and over as he respawns faster).

The other options are to kill Witherbark Hideskinners, again in the Hinterlands, or to head out to Feralas or or Azshara in search of less friendly Hippogryphs. We prefer to do this because the Hideskinners have the lowest drop rate of all the options (around 10%) so the farming can take longer. Our preference is Azshara because it provides a few other options along the way.

The target for Alliance is Thunderhead Hippogryphs in Azshara. These mobs can be targeted by both factions and PVP-server players would do well to note that there is a Horde camp nearby, Valormok. It’s easy to tell when you’re getting close, however, since the farming area is downwind of the camp and you can smell the stench of Tauren as you near the camp.

The farming area is the extreme Northwest portion of the zone along the cliff overlooking the river that flows from Winterspring. While in the area, if you can farm it, keep an eye out for Dreamfoil and (one of our old favorites) Tin Ore. If you haven’t previously quested in this zone you may also wish to pick up the Encoded Fragments quest before you start farming since you can easily finish it while farming.

While here, you also want to look for the rare spawn, Antilos, a Gryphon that often spawns in this very spot. Also of interest, there is a neat fortuneteller’s table (replete with crystal ball) at the extreme northwest portion of the cliff closest to the waterfall. Although there’s no NPC at the table, someone should have predicted the fortune of the fishermen from the boat in the water far below. The boat appears abandoned but closer investigation reveals a few dilapidated underwater traps with skeletons nearby. Kind of reminds me of my own experience with the sport.

For Everyone

The Hippogryphs you are targeting in this exercise don’t always have loot on them. This harks back to the old days of WoW, before every mob gave you a little something and epics were handed out like candy. And yes, we used to have to trudge ten miles in the snow to get to raids. With no mounts even!

It should also be noted that there are superior pirate hats out there, but our understanding is that to attain one you have to be at least partly insane in the membrane.

1 Comment

Filed under WoW Community News, WoW Gold Making Tips

Analysis of the Post-3.1 Economy

We’ve now had two weeks to assess the impact of patch 3.1 on the WoW economy. The general consensus has been that, while there were a few areas of opportunity, the Northrend economy overall is in a state of continued decline. We are certainly no fans of assumption here at WoWenomics so we chose a few items, specifically those items we based our own pre-patch predictions upon, to track with standard financial analytics. It is this analysis we share with you now.

When looking at the statistics below you may notice that there are three weeks of listed tests. The purpose of conducing three weeks of testing was to establish a baseline in the week prior to the release of the patch. Bear in mind that the day the patch was released to the (US) public was Tuesday, April 14th. The data listed below reflects the week of prices leading up to this date and the two-week period following.

Items we Predicted Would Rise in Value

Borean Man O’ War

3 week high: 40.84 on Sunday, April 19, 2009
3 week low: 18.51 on Monday, April 27, 2009
3 week average price: 23.22

after-3-1_1-borean-man-o-war

Of all the items we predicted an increase in price for, Borean Man O’ War saw the biggest increase in value in terms of percentage increase. This was particularly true if you invested when we initially recommended a buy on this item.

Eternal Earth

3 week high: 7.16 on Saturday, April 25, 2009
3 week low: 4.68 on Wednesday, April 8, 2009
3 week average price: 5.53

after-3-1_1-eternal-earth2

While we initially recommended investing in this item prior to 3.1 we amended our recommendation based on data that was released shortly before the patch was released. Yet, Eternal Earth still managed to increase in value over our testing period. Not a huge increase mind you, but an increase nonetheless. Interestingly, all three of the eternals we tested showed a spike in value on all servers in the days immediately following the release of the patch.

Eternal Fire

3 week high: 28.64 on Wednesday, April 16, 2009
3 week low: 18.97 on Wednesday, April 8, 2009
3 week average price: 21.95

after-3-1_1-eternal-fire

Prices for Eternal Fire have remained mostly stable showing only a modest increase over the three-week examination period.

Eternal Shadow

3 week high: 6.89 on Thursday, April 16, 2009
3 week low: 3.94 on Wednesday, April 8, 2009
3 week average price: 5.19

after-3-1_1-eternal-shadow

Interestingly, all tracked eternals showed their lowest prices on the same date. As the price increased from both the date of our prediction and the week prior to the patch date, we consider this prediction a success.

Gems

Initially gems did not show much promise for profit following 3.1. Recently however, the gem market seems to be showing promise. This reflects the fact that players are now attaining more new gear through both Ulduar and Arena Season 6.

Glyphs

The profits to be made in the initial days following the release of 3.1 were meaningful and well documented. Our resident inscription expert remarks only that “things have cooled” significantly since then.

High-end Cloth- Moonshroud

3 week high: 96.45 on Wednesday, April 8, 2009
3 week low: 81.82 on Tuesday, April 28, 2009
3 week average price: 88.97

after-3-1_1-moonshroud1

We chose to track Moonshroud for several reasons; the most prevalent being that we feel it has the highest potential for increase. That said, the price of Moonshroud has thus far not increased outside of specific price spikes described in our summary below. Further, the decline in price is representative of the decline of the other two types of high-end tailoring cloth. In fact, were you to lay the charts for all three cloth types over one another you’d find that they decline at an almost impossible to differentiate rate although the price points are different.

Icy Dragonscale

We chose not to track Icy Dragonscale statistically due to the fact that it experienced a very modest increase in price. In fact, the only remarkable thing about this leatherworking item, in our opinion, is just how unremarkable the price changes were. The prices of the dragonscales have remained at almost the exact same levels for the past three weeks indicating that, perhaps, the market had ‘bottomed out’ previously and this item has achieved some level of price stability.

Mana Regeneration Items

We did not track a specific item to represent mana regeneration as we feel there are simply too many options available to the player to enhance mana regeneration. We do note, however, that we’ve seen a modest increase in the going rate of +MP5 food and gems.

Popular Enchantments and Enchanting Materials

As we noted recently, we’re doing a brisk and healthy business in already-enchanted vellums. Beyond that, we are seeing server price spikes in specific enchanting materials but nothing consistent. If you’re in the enchanting mats business you’ll have to frequently check the AH so as to determine when best to buy and sell.

Relic of Ulduar

These reputation turn-in items have not yet shown a significant increase in price. They have performed instead in similar manner as the Icy Dragonscale listed above. The only interesting thing about these relics is that it is the single item that seems to have found a consistent price that is very close to being the same on all servers (the Icy Dragonscale, by contrast, is consistently in the same price range day after day but that price point varies from server to server). The Relic of Ulduar price is about 2 gold per item across every server tested. Prices for the past three weeks have varied by less than 5 silver from this standard on any given day and, remarkably, this remains the same price level whether the items are sold in stacks or as singles.

Titansteel Bars

3 week high: 102.39 on Tuesday, April 7, 2009
3 week low: 77.82 on Tuesday, April 28, 2009
3 week average price: 92.66

after-3-1_1-titansteel-bar2

Titansteel Bars have been the biggest loser so far in our pre-3.1 assessment. Prices have continued downwards in steady decline for the past three weeks outside of occasional price spikes unique to each server.

WoTLK Flasks

Flask prices have not been specifically tracked as they are a different beast entirely. The two-for-one flask split further complicated the issue. That said, we made a huge amount of gold off of flasks with the release of patch 3.1 and will, perhaps, explore the potential for flasks in a future post. Suffice it to say, for now anyway, that flasks are one of the best items to apply the bid/ask strategy to as it can prove very profitable.

WoTLK Herbs

There was no significant increase in herb prices outside of the occasional herb spike. We theorize that the majority of the scribes and alchemists intending to profit from patch 3.1 bought their herbs earlier rather than later. Herb prices have remained, for the most part, consistent throughout the patch.

Items we Predicted Would Fall in Value

BoE Valor Bracers

The decline in price that we predicted for these bracers is difficult to quantify as there is no simple way to track all the various bracers available and the items are typically sold ad-hoc rather than pre-bought and resold on the AH. Anecdotal evidence, however, supports our initial prediction for decline in that the messages observed in /trade chat by all WoWenomics team members clearly shows the asking price for the bracers to be dropping.

Dragonfin Angelfish

3 week high: 60.81 on Friday, April 17, 2009
3 week low: 44.16 on Sunday, April 26, 2009
3 week average price: 53.82

after-3-1_1-dragonfin-angelfish

This item is in slight decline although it is not for the reasons listed in our initial assessment. Rather, the decline here is caused by over fishing. We’ve provided a more in-depth analysis of the post-3.1 fish market here.

Frozen Orbs

3 week high: 92.75 on Sunday, April 12, 2009
3 week low: 70.16 on Sunday, April 26, 2009
3 week average price: 88.23

after-3-1_1-frozen-orb

Frozen Orbs continue to decline in value although it is difficult to differentiate whether this is due to the deflationary effect or because of the reasons mentioned in our initial hypothesis.

Mycah’s Botanical Bag

3 week high: 284.77 on Friday, April 10, 2009
3 week low: 159.18 on Monday, April 27, 2009
3 week average price: 225.16

after-3-1_1-mycahs-botanical-bag

This item has declined significantly since the release of patch 3.1. There is a steep drop in price a few days after the release that we attribute to the introduction of the new and improved herbing bag to the general WoW market.

In Summary

It should be said right off the bat that it is much easier to predict a decline in the price of an item in WoW than it is to predict a gain in value. This is mostly due to the previously established deflationary effect occurring within the overall game economy. Unfortunately you can’t short WoW items. So, while we did end up being entirely accurate in our predictions for declining value, this alone is not much to be proud of.

As far as our predictions for price increases go, we still reason that some of these increases may still occur as the new crafting patterns drop from Ulduar but, the fact is, the demand spike for materials will be small and short-lived. We’ve already seen examples of this on all of our test servers actually. Situations occurred on all four servers wherein the prices of a certain item like Ebonweave spiked significantly in a single test but prices were almost always normalized by the next test approximately12 hours later. These price spikes were not shown in the results above because they occurred at different times for each server and were thus normalized when combined with the statistics of other servers. What this does tell us, however, is that there is still opportunity for an individual to profit by timing their sales of specific high-end items with the spikes that occur on their own servers. Whether or not you’re interested or capable of watching your server’s economy that closely is, of course, a different story. We do advise that you check frequently, or otherwise liquidate strategically. We do not advise holding items for the long term as that strategy is counterintuitive to the overall WoWenomics game.

We will be continuing our testing and tracking of the prices of the above listed items (and a few others) over the next few weeks as we continue our analysis. If there is enough interest in these types of posts, we’ll put something together and share our results with you.

A Few Notes on Our Testing Methods

It should be noted that all of the listed prices are in the ‘Fair Price’ format, a price measurement scheme that is explained on our Terms page in detail. The listed value of items is the fair price of the items as listed in the Auction houses of four servers. The prices that we show are the average of the listed prices on all four servers. Prices were measured at two points during the day and on both horde and alliance sides. Thus, the final listed ‘Fair Price’ that we tracked and shared is the average of both day and night prices over four servers on both the horde and alliance sides. Prices were measured at the same time daily on each server for the sake of consistency. A fifth server was also tested but not factored into the above listed prices as a control test for our results.

On the day that patch 3.1 was released to US servers, April 14th, data was not recorded due to server stability issues. Therefore, the data listed for April 14th is an average of the day prior and following day’s data. Similarly, on Tuesdays following the patch, servers were unavailable for AM testing times so only evening data is listed. We don’t feel either of these averaged scores significantly affected the outcome of our tests and only mention it now in the interests of full disclosure and transparency.

On a personal note I’d like to send a big thanks out to the WoWenomics team members for measuring and recording their data and returning it in a clear and timely fashion.

11 Comments

Filed under WoW Economy News, WoW Gold Making Tips, WoW Market Commentary, WoW Market Data

3.1 Changes to Crafting Reagent Requirements

As a follow-up to yesterday’s post regarding the 3.1 crafting list from WoR, we wanted to point out another fantastic 3.1 WoW professions tool that works nicely with the resource from WoR: The Reagents Changes List from MMO-Champion.

Sorted by profession, this tool allows crafters to see what source materials will be changing with the implementation of patch 3.1. Take a look at the tab for your chosen profession and make note of items that you may now need (or, as in most cases, no longer need) to craft some of your most popular items.

The following is our quick assessment, by profession, of some of the key 3.1 crafting materials changes that we suspect may have an impact on the WoW economy or your finances in particular:

Alchemy-
The two most notable alchemy changes are
1) The removal of Fire Leaf as a required reagent for the Flask of Endless Rage. Right off the bat, we can estimate that this will bring the price of the Northrend attack power flask more in-line with the other three current end-game flasks. Further, we also predict a significant decrease in the going rate of Fire Leaf and suggest you sell them off now while you can still get top dollar for them. As we expect the rage flask to also drop slightly in value, you may also consider selling off any stock you have now and re-crafting them again later when they no longer require Fire Leaf and, are thus, cheaper to make.
2) The removal of vials as a necessity when crafting several types the various alchemical oils. Expect marginal impact beyond slightly lowering the crafting cost of the oils themselves and thus, a small increase profit margin when they are crafted for purposes of profit.

Blacksmithing-
The two most notable changes in materials to blacksmithing are
1) Reduction in amount of Enchanted Thorium Bars required for two items. This could marginally reduce the price of these bars but we don’t really see an impact given the outdated nature of these older items.
2) Removal of Jet Black Feather, Bloodvine, and grinding stones from several items. Again, we see minimal impact here and will file these changes in the ‘too little, too late’ folder.

Cooking-
Two notable changes
1) Most older, pre-WotLK, items have had their spice or purchase reagent removed. This should allow for cheaper or faster leveling of the cooking skill but will have minimal economic impact.
2) The inclusion of at least three new cooking recipes (although the list from MMO-Champion doesn’t list them as new, we assume that Pumpkin Pie and Slow-Roasted Turkey are new items as well) that call for new reagents. The economic impact of these items will depend on how the new reagents are attained. Our theory is that, given the seasonal nature of these new recipes, they are part of a future in-game holiday event although a quick look at the proposed Noblegarden achievement list provides no additional guidance.

Enchanting-
Enchanting will be getting an overhaul in terms of a significant decrease in the amount required materials for many popular enchants. The complete removal of Nexus Crystals from several items will reduce demand and price for this type of crystal so you may wish to sell your stock of them now. The most glaring change we notice is the overhaul of the Lifeward weapon enchant. The incoming changes will reduce the cost of this enchant from approximately 400 gold to close to 20 gold. That’s a major change and may increase the popularity of Lifeward. Again, many other enchants are also having their material requirements reduced, possibly reflecting Blizzard’s intent to make this profession less of a gold sink and easier to level.

Engineering-
Minimal changes and minimal economic impact. Minor reductions in some source materials. Overall this reflects Blizzard’s stance that Engineering is “working as intended.”

Inscription-
Many new glyphs added. As these new glyphs become more common they may positively affect the prices of Northrend herbs and inks.

Jewelcrafting-
Several new recipes and reduction in required materials for one item. Also possibly reflects the “working as intended” stance from Blizzard.

Leatherworking-
The most notable change to the leatherworking profession is the significant reduction in the amount of the various types of leather required to craft many older items. This, perhaps, reveals that Blizzard intends for this skill to be a bit easier to level but also leaves skinning as a profitable gathering profession in a little bit more dire of a state.

Tailoring-
A few reductions in materials requirements but what stands out to us most is the removal of Ironweb Spider Silk from many recipes. This should significantly reduce the cost of this type of spider silk which already didn’t sell particularly well.

Good luck in your crafting efforts post-3.1. Thanks again to MMO-Champion for the handy resource. We’d also like to take this opportunity to remind our readers that you can find permanent links to MMO-Champion, WoR and many other informative sites on our resources page.

2 Comments

Filed under WoW Economy News, WoW Market Commentary

Changes to the 3.1 Profession Recipes List- Patch Predictions Amended

World of Raids (WoR) released today quite an Easter treat for all WoW crafters- a comprehensive list of all the new crafting recipes available in the game with the implementation of patch 3.1. Granted, this information can be found elsewhere, but no other site or list gives such a complete overview of all the coming changes at a glance. The list is collapsible and sorted by profession and includes mouse over capabilities for more in-depth information on each recipe. If you are a crafter, or even a WoWenomic speculator, we highly encourage you to take a look at this fantastic resource and plan accordingly.

From a WoWenomics standpoint, we love the ability to quickly see all of required materials for every recipe. Opportunity abounds for the savvy WoW trader. Just looking over the list we can see all the materials that will be in demand when the new patterns start dropping from Ulduar. A few initial observations:

First and foremost… where the heck is the Eternal Earth?!? Are we going blind? Has there been some mistake? No. It would appear that the high-end crafting items no longer call exclusively for Eternal Earth. As you may recall, we initially recommended a buy on Eternal Earth as almost every Ulduar-dropped crafting item required as many as 20 Eternal Earth. Apparently this is no longer the case. We double-checked this by referring to our original 3.1 crafted items list and found the same changes. Recipes that initially called for Eternal Earth instead now list eternals of various types in varying quantity. To put it another way, STOP BUYING ETERNAL EARTH and SELL NOW TO PEOPLE THAT HAVE NOT NOTICED THE CHANGE YET!

Take a look at the listed source for the Clamlette Magnifique and you’ll notice an immediate opportunity for potentially huge income. Completionist chefs will be tripping over themselves to get this recipe and you can profit easily by simply supplying the quest turn-in materials. In fact, you can probably even make gold by supplying the easiest to attain item, Alterac Swiss. After the patch is released, put the required turn-in materials in the auction house in stacks sized by whatever amount is required for the turn-in (20 in the case of the Alterac Swiss) at a significant mark-up and reap in the profit. This trick will work for weeks until either enough other players catch on to drop the price or the majority of the hard-core chefs get the quest done. Buy or farm these items now, before the patch drops, and profit later.

-The source listed for the new Tailoring, Leatherworking and Blacksmithing plans is Ulduar, the new 3.1 raid instance. Given that it will take some time for the plans to drop for the majority of the population, and further compounded by the fact that the plans each require approximately six Runed Orbs, it will be some time before we will see an increase in the demand for (and, therefore, the price of) the listed source materials.

Moonshroud is the big winner when it comes to post-3.1 tailoring apparently. Of the crafted tailoring items listed, Moonshroud is the one in highest demand. Thus, unless things change in a manner similar as to what we saw with Eternal Earth, we would expect the prices of this high-end cloth to increase more than the other two in terms of percentage increase over current going rate.

It is presumed that the epic crafting plans that drop from Ulduar will be bind on pickup whereas the crafted items themselves will be bind on equip. This means that 1) there will be no secondary market for the plans- you’ll have to get yourself into a successful Ulduar run if you want the plans and 2) You can expect that the first players on your server to attain these plans can and will craft these items and have free rein to charge whatever they want for them.

Finally, a big kudos goes out to the WoR team for releasing such an awesome resource. If you like what they’ve done, be sure to stop by their forums and thank them for providing it. As successful financial trading (real world or otherwise) almost always boils down to good information, it is nice to see them provide such a detailed list for our profitable purposes.

7 Comments

Filed under Uncategorized