Tag Archives: Professions

Titanium Dropping in Price

The WoWenomics team was discussing Titanium Ore recently and all team members agreed that the prices are down from their peak just a few weeks ago. Whereas typical prices for a stack of ore were reported as being in the area of 350 gold or more, we searched ten auction houses across five servers last night and found stacks available for buyouts at sub-300 levels on seven of the ten auction houses. We cannot say definitively how much prices are dropping since we have not been statistically recording the prices across servers but, anecdotally at least, it would appear that the ore, and goods and services related to the ore, are currently on the decline.

The reasons for the drop in price of Titanium are probably a combination of:

  • Increased supply– Titanium Ore has been so profitable for so many weeks that many more players are jumping into the farming for resale market, causing a certain amount of over-supply.
  • Decreased demand– As epic gem prices drop and stabilize perhaps Jewelcrafters are finding high ore prices intolerable.

In fact, one interesting correlation that we noted in our research was that of the seven servers that showed lower ore prices, every single one showed decreased epic gem prices. Prices for uncut gems on these servers were typically within the area of 140-150 gold. It may be that epic gem prices can be used as an early indicator of the direction of Titanium Ore. If you are in the ore market, either buying or selling, you might want to also look into the prices of epic gems to determine your optimal pricing and/or farming strategy before you set out on your daily quest for profits.

It is impossible to say if the observed decline in Titanium prices is here to stay of if this is just part of the cyclic nature of the WoW economy but, for the time being at least, we are rating Titanium Ore as a sell.

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Crusader Orbs Rising in Price

…Well, slightly anyway. We’re seeing Crusader Orbs rising in price slightly across six auctions houses per faction side that we tested. That is to say that 12 out of 12 tested auction houses are showing increased prices as compared to our last assessment 10 days ago. We speculate that this rise in price is for the very reasons we initially predicted such movement, but we also do not believe that the orbs will return to their earlier levels of value (in the 3,000+ Gold range) ever. The orbs dipped on some servers to below 1,000 Gold for a few weeks and testing of these same servers showed that they are now going for 1,100 or more. Eventually, prices will hit a ceiling and come back down but, for now, they seem to be continuing to rise. With a deposit amount of only 36 Silver for a 48-hour auction, it may now be time to put up your Crusader Orbs for sale at prices slightly above current market value with long-term auction durations.

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Dragonfin Dishes Now More Tasty Than Ever

About a week ago an article was published on WoW.com advising readers of the financial benefits of farming a certain highly profitable fish. While we’ve also previously advised that WoW traders focus on fishing and cooking Dragonfin, we do not have quite the same community reach as WoW.com.

One Fish

The result over the past week has been, as you might have predicted, a sharp drop in the going rate of uncooked Dragonfin Angelfish. Generally, the price of raw Dragonfin stays higher than the prices of equivalent Northrend fish not only because the demand for the cooked fish is so high but also because the supply is diminished by not being connected at all to any fishing daily quests. The currently lower price, however, presents a fantastic opportunity for in-game chefs to turn a quick gold by simply purchasing the price-depressed fish, cooking and selling at a hefty mark-up. The key to this, and really any high-end cooking-for-profit, strategy is in attaining the Northern Spices inexpensively. One idea is to purchase Dragonfin Angelfish for less than 50 gold, the spices for less than one gold and then sell the stacks of cooked product for 100 gold or more. This nets a nice 30 gold per stack minimum profit and the time investment is minimal because we know you’ve already got your Chef’s Hat right?

Two Fish

Be sure to consider both types of cooked Dragonfin for the most profitable variety. Both Dragonfin Filet and Blackened Dragonfin can sell profitably but our experience is that there is usually higher demand for the Filet variety. The profitability of the Blackened fish, however, was increased with the patch 3.2 changes that reduced the amount of raw fish required to cook the item.

Bad Fish

The irony to this easy tip is that the author of the post over at WoW.com quite correctly advises readers not to sell the fish when the market is flooded and to examine the entire value chain to determine whether it is best to sell the raw or cooked fish. Naturally, these key points seem to be lost on the community and the result has been a mass influx of uncooked Dragonfin onto the market. If, indeed, the uptick in raw fish on the market is attributable to this article, it can also be expected that the over supply period will end and prices will return to normal levels as the more casual players exit the market. In the mean time, we’re scooping up all the cheap fish we can find.

More Fish

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How Much Should You Tip Other Players?

Okay, this one comes by way of our team’s mage. It would seem that I’ve offended him to a certain degree with my repeated references to his beloved class as vending machines and QQ dispensers. While I stand by my comments on the least threatening/most squishy of all DPS classes (but hey, they do portals right?), I will appease him with the post he has been bitching about humbly requesting that we post for so very long. So, this one’s for our resident jewelcrafter and favorite mage. We now proudly give you a guide to proper tipping in WoW.

First, a small disclaimer: This was hardly scientific. What we did to determine each tip level was to first take a poll amongst the WoWenomics team members, and then subsequently asked each member to take an informal poll amongst the population of their trade channels. Members were asked to continue polling the population, ideally at different times of day, until they reached fifty responses each. We dared not stay for much more than fifty as it is our understanding that too much WoW trade chat can make your brain fall out of your ear and your eyes bleed. We asked only four questions, and provide both the team’s opinions and the thoughts (if they can be called ‘thoughts’) of trade chat responders.

Without further ado, our recommended tipping levels for popular WoW services:

Mage Portals

WoWenomics Team Average: 8 gold
Trade Channel Average: 6 gold
Highest Amount Suggested: 20 gold
Craziest Response Received: “The amount of their reagent cost. Why should it cost more?”

Lock Boxes Opened

WoWenomics Team Average: 5 gold
Trade Channel Average: 2 gold
Highest Amount Suggested: 20 gold
Craziest Response Received: “Free.”

Epic Gem Cuts (petitioner’s materials)

WoWenomics Team Average: 25 gold
Trade Channel Average: 19 gold
Highest Amount Suggested: 60 gold
Craziest Response Received: “My balls. That’s how much.”

High End Enchantments/Crafting (petitioner’s materials)

WoWenomics Team Average: 90 gold
Trade Channel Average: 60 gold
Highest Amount Suggested: 500 gold
Craziest Response Received: “Can you please shut up with your stupid survey?”

So there you have it. Hardly scientific but we do hope it gives you some idea as to how you might want to tip. We also hope that it helps our mage get better tips (he apparently spends a lot of time ‘explaining’ how much his customers ‘should’ tip him). Now go make me some biscuits water boy!

What do you think? What are the fair amounts to tip for these (and other) services?

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Abyssal Shatter

The Enchanting ability, Abyssal Shatter, was hotfixed onto EU servers this morning.  This ability allows for conversion of Abyss Crystals into either Infinite Dust or Greater Cosmic Essence.  If the spell results are left unchanged, there will be significant economic impact.

Shattering crystals requires an enchanting skill of 445 and can reportedly yield as many as 18 dusts or 4 essences.

Prices are already starting to move on EU servers to reflect the above stated changes.  Players on US servers have somewhat of an advantage here in that, since they did not yet receive the hotfix, they have an early warning of the impending change.  US early adapters will be able to play a bit of insider trading and move the markets before they move themselves.

It is worth noting that there will also be some trickle down consequences on related enchantment materials markets such as enchanted vellums and other items that require these materials but this change may require more time to take effect. 

Over the long haul, it would be our expectation that the prices of Infinite Dust, Greater Cosmic Essence and Abyss Crystals will all normalize such that the price of 1 Abyss Crystal, 15-18 Infinite Dust, and 2-3 Greater Cosmic Essence all equal about the same amount.  Until this happens, however, there will be ample opportunity to take advantage of price disparity.

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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.

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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.

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