Thursday, December 29, 2011

New Market: Archeology

As we approach the post patch slowdown we goblins are forced to search out new markets to exploit for sales. Currently we are faced with decreased numbers of sales and decreasing profits on our current sales. We must search the auction house for undiscovered markets where there is little or no competition. My search has lead me to Archeology Keystones.

Archeology Keystones are an untapped market on my server. There are eight keystones in total. They are:

Archeology Keystones are used to help complete the archeology artifacts. Each artifact can use one to five keystones for completion. While these keystones are not required they do provide an easy way to speed through the profession.

Server prices will vary on prices so I will use the prices on my server for example. Keystones such as Dwarf Rune Stone and Troll Tablet typically sell from 50 gold to 150 gold. Artifacts such as Draenei Tome, Highborne Scroll, and Orc Blood Text sell from 100 gold to 350 gold. Other artifacts such as Vrykul Rune Stick sell from 150 gold to 300 gold. The remaining artifacts Nerubian Obelisk and Vrykul Rune Stick generally sell from 350 gold to 800 gold. Check your auction house for pricing on your server.

As you can see prices on these keystones can vary wildly. Typically top prices are 300% higher than bottom prices. This presents an excellent opportunity to make some nice profits. You can choose to either farm these items and sell for profit or buy out lower priced items and flip them. Either way there is room for a nice profit in this market.

A word of warning: As I study markets I try to find trends in the market that will allow me to know when the best time is to buy and sell. As such I have been unable to spot the trends that I have been seeing in these markets. At some times the keystones are priced unbelievably low and at other times they are priced way above common top prices. Some days there are no keystones on the auction house and other days the auction house is flooded with them. So far I have been unable to find a common denominator to explain this. It does not follow a trend for the day of the week (weekend/weekday) or a specific time of the month. I can find no trend to explain the availability of items or the times they are posted. Therefore I consider this market to be extremely volatile but the profit margin, I believe, is worth the risk.

As with any market patience is key. When selling keystones you must be prepared to enter and then leave the market as needed. Keystones are a slow but steady seller. You will not make huge profits from them in the short term but can make large profits in the long term. You may control the market for a few days but then be prepared to leave when other sellers enter and undercut. Sell only when prices are highest. Be patient and profit. Let others sell out their stock at low prices then reenter and reset prices. This is a market with huge potential for those that know how to maximize profit in the long term.

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