SwagVault MMO Blog

Anybody rash enough to venture comment on matters financial should be prepared to eat their words, which is what I must do today. In my previous post, I said, referring to a l.60 Second Age Hunter’s Bow on offer at the Laurelin AH that “just under 75G is way over the top for an unidentified item”, gratuitously adding that 100G would most likely “represent both an actual and a psychological price ceiling” for some time to come.

Well, pride goeth before a fall. My conclusions held true for about 24 hours at best. Last night, with under two hours to go, that self-same bow reached a price of 140G, 175S, 98C-and for all I know, some lunatic may well have slipped in yet another bid at the last minute. This, remember, is for an unidentified item, which may well turn out to be an absolute lemon in terms of legacies.

It is small comfort to realise that I am not entirely alone in my mortification, since 99.9% percent of economic commentators in the real world have also had to eat their words in recent months…