Market Value

Hello,

This is my second time on Arkadia and I think it will be my home in this virtual world, born on Calypso but I prefer this planet.

I would be grateful if someone can explain me how Market Value works.

For example, I have about 6 PED explosive projectiles. When I click Item Info and Market Value its always above 101%. Few days ago was if I remember good 101,48%, yesterday 101,43%. I understand Market Value is auction sale for all planets but I was monitoring sales in Auction terminal for all planets and there is no way average MV can be above 101%. Most of bids were at 100%.

How Market Value is formed?

 

bids may be 100% but the buyout could be 101.5 for example.. and the market value is formed from sales on auction.. simple as that there is daily/weekly/monthly/decade markups.. the daily is mostly enuf to tell u the current MU.. if there is very few sales then it would be better to check the weekly or montly.. also keep in mind most of this stuff is sold in calypso so it might be that in arkadia u might get 100.50 from stuff that usually sells 101.50. because the demand is much less in arkadia in some stuff

and ofcourse the easiest way is to go to auction.. type the name of the item.. and sort by buyout price from smallest to biggest

 

Yes the buyouts on auction tend to push the displayed market value up. For practical purposes I find it helpful to consider there are 3 different market values:

1) BUYOUT - The price people will pay if they need the item really fast (slightly above displayed MV)
2) AUCTION -The price patient buyers and resellers will pay from auction (slightly below displayed MV)
3) STREET - The price people will pay when they deal face to face and know no auction fee is involved (often as much as 5% below displayed MV, depending on the item)

 

The way MV is calculated is not logical. There is no weighting according to volume. So if there were two auctions of explosive ammo sold today, and one was 100 ped at 101% while the other was 1 ped at 1000%, the average for the day would show as 550%. This is why market values for certain items (esp low volume stackables) is not an accurate indicator of actual selling price, and why you should use caution especially when using the daily value. (Besides it's averaged between planets).

 

I don't believe this is correct.

 

I was also under the impression that volume IS taken into account.

 

I understand how this works now. Thanks all for explanation.

 

You're right, a test shows that it is a weighted average.

I tested a material that had no weekly or daily sales history (mosquito amber) and listed 13.5 ped TT for 14 ped (104%) and 0.9 ped TT for 5 ped (555%). After the sales, the daily and weekly MV is 131.94%, which is equal to 19/14.4, or (sum sales price)/(sum TT). I didn't test whether sales from shops are calculated the same way.