Bid Blast aka we stealin' your gold, sucks so far.
Items will end up being bid to well over their value, case and point the Elegant White Satin Coat.
Retails for 56,300 gold.
Current BB: 65,994 gold (And climbing)
Actual Value Bid: 659,940 gold
A ticket is 10g per (8g for 1000) so for every item sold 8-10 times the gold is being removed from the market. I can live with that. However, if you win the item, you don't really win... You win the
CHANCE to buy the item, for the last bid value. So if the final bid was immensely over MP Value. There's no point in buying.
In the case of super-rares, like the current Bid on Mini Angel Wings, the only people who will be able to buy them after winning are the super rich. The bid on such and item will no doubt go into the millions, maybe even tens of millions so even if a normal Joe Gaian wins the bid, he can't afford to buy it. If some super-rich Gaian wins, he/she can now buy the discounted Rare, and probably sell it for a huge profit. Thus eliminating the point of Bid Blast, remove the immense amount of gold in Gaia while supplying a value reducing amount of Rares.
The bid jumping the clock back up is the stupidest thing ever when you're trying to get people cheap Rares, until people are used to the system and realize that the price they see is the price they'll have to pay, restoring the clock with each bid will just make the item return next week and drain people's gold for no reason. Let the clock run out, or it will never stop until the deadline is met.
Proposed Changes:
Bid Cap. If it's a store item, the store value minus 10 percent is the cap. If it's rare, the perceived value by Staff is the cap. This will ensure that someone will buy it, or at least have a chance to buy at a fair price. Unreasonable prices will just ensure that the same items show up week after week.
You win it, its yours. Gaians are already paying for you to win the item, you shouldn't have to buy it. With the total losses up to 10 times the bid value, the user who wins should get the item no holds barred. This is a no brain-er - whomever suggested buying the item for the bid price should be eaten by Diedrich.
Clock Reset Limit or Sleep Timer. If the item has been bid on X amount of times the clock stops resetting. OR After X amount of resetting bids, the clock stops resetting for 25 seconds. The current system will inevitably lead to trolling, i.e. people purposely bidding to keep people from getting cheap items.
Shorter Deadlines You can keep your timer reset, but make the deadline shorter so those big ticket items don't go on forever and ever. The deadlines seem to be staggered 4 days from the listing time, shorten them to 24 hours.
Adjust the end time. Currently it sounds like the deadline is 12 AM PST, that means that east coaster's will have to stay up until 3 AM if they want to win a bid... not exactly fair. Adjusting the time back by 3-4 hours suits both coasts. 8PM PST, 11PM EST, would be a better deadline time.
100
50
200
