anyone think phats are overpriced?

[BBC3]

merchants probably have 95% of the phat market now, too bad i didnt see this coming or id have an extra 100mil

[Laura]

Doing so usually has an adverse effect, often contrary to what you intend.

 

 

 

 

 

bingo, you've just proved his point.

If a topic has little discussion value or is breaking any rules, adding a post script does not provide exemption from either. Informing posters of this is not "power hungry." Adding these tidbits makes it appear that the original poster knows his/her topic is without discussion value. In this case, it was clear that discussion was sought after, but the same phrase is used many times by people who spam the forums.

 

 

 

If you have any discrepancies about how the situation was handled, feel free to reach me via private messaging.

 

 

 

And to add, rares are the only items in Runescape which have an ever decreasing supply. This allows these items to reach practically any price.

[Carl]

"Dragons_Might" pretty much summarised what the post was about.

 

 

 

Anyway, no, they're not overpriced. Was it because you possibly joined RuneScape after the release of the Gwd? Since then, that's when they began to fall. As the GWD brought in epic amounts of cash so quickly into RuneScape people needed somewhere to put it. Partyhats first, then 3rd age. 3rd age is rarer, so they will profit more in the long run. "Selling partyhats for 3rd age". One becomes junk, the other rare. Then to where we are now, phats get so low they're worth buying again. People do, things crash.

 

 

 

I say, welcome to RuneScape.

 

 

 

It's basicly just merchants running the show, now.

[yuriqiu]

As long as people are willing to buy and sell them at a certain price, that price is not over nor under priced.

[xpx]

No, as you can clearly see from the ge graph, they are going up, thus they are underpriced... The fact that any noob can't buy them is completely fine- they are not nature runes that you would use every day and need to use any day, but collectors items with little more use then sitting in a bank. Now if there are enough collerctors around to maintain and back the current price then no, partyhats are in no way overpriced, rather, you are too poor and a louzy merchant(purple was 75m just months ago, where were you then?).

[Sir_Kurity]

Overpriced?

 

 

 

It may be considered "worthless" but in all honesty when there is only a few left in the game, they are probably underpriced.

 

 

 

You can make money, you can't make partyhats.

[Rollyboy]

I tried to purchase a purple partyhat at around 69mil and a few days later they began to rise again. I kept up with the price rise of partyhats, but throughout that period they were unbuyable at market price. A month later partyhats crashed for a few days and I bought a purple for 88mil. Another month later I upgraded my purple to yellow and had to pay 106mil + 20mil junk.

 

 

 

So either you wait for a crash to happen or take a large amount of junk with your purchase.

 

 

 

Getting a partyhat has always been a goal of mine and I had to practically sell my whole bank for it. It was worth it though, as I got to achieve my last goal and retire happily.

 

 

 

Why do you want a partyhat?

[Maximusa]

I think they are underpriced at the moment. I mean like blue.. c'mon.. That needs to be worth more than 322m 0_()

 

 

 

600m possibly. It puts it to shame.

 

 

 

However I think those shields are overpriced and need to be lower. (Or rather they should be less rare a drop so they wouldnt be worth as much)

[nerdboyxxx]

They are always going to go up. And because of all the excess cash coming in, they are going to skyrocket soon. They aren't overpriced because they are extremely rare :?

[Gonalo40]

Ofcouse they are overpriced, 200m for a hat with no use at all???

 

 

 

If you got alot of money to spend on, than invest in Spirit Shields, or what about few godswords?? Go kill stuff and enjoy your time playing this game..

 

 

 

If you like collecting useless but rare stuff then go and buy partyhats.. but i bet killing stuff is more fun :D

[sparky1_2007]

they aren't overpriced. at the moment, they're under-valued.

 

 

 

before everyone thought they were junk, thhey were at about the price they were now. So, if you think about missing a whole year of going up in price, they should cost a whole lot more.

[forestfrolic]

They are always going to go up. And because of all the excess cash coming in, they are going to skyrocket soon. They aren't overpriced because they are extremely rare :?

 

Whenever I see your posts, in my head Dr. Cox speaks your words. :roll:

[dabeanie]

A 200m cardboard hat. Yes.

[WoodenFruit]

I think Jagex adds a couple of partyhats into the GE here and there to keep the legend of the partyhats going. Honestly that's what I think.

 

 

 

if you can only assume the worst, yes.

 

 

 

 

 

 

 

 

They won't add any *new* tradeable holiday items because they'll become rare but they would want to try and control the price of the partyhats somehow. You know some people accidently alch their phats or get killed and can't reach their grave stone in time and lots of people want them which makes them rise higher.

[Diego]

it amazes me to see what short memory so many people have...

 

 

 

just hit the 180 days button on the purple phat graph in the g.e., look at the lowest and if you had made this same topic on that date then everyone's response would have been so much different from the ones that are right now...

 

 

 

in 6 months they went from useless to doubling in price and still being "undervalued" and all this bla bla of rarity concepts and inflation and chicken little saying that the graph of the G.e. doesnt have a big enough roof for how much phats are going to explode in value.

 

 

 

i dont speculate, but from my point of view phats are at their G.E. and market prices for a reason, and that reason is definetively not because they are rare or because of RS inflation, sure it has something to do with it, but I think that peoples subjective feelings on phats is pretty much what been determinining their price for a while now, and I wouldnt be surprised if in 6 months from now everyone goes back to thinking that phats are just junk and its better to spend money on the new item(s) that merchers are hoarding

[Bauke]

So you are willing to pay 180m for one, and at the same time you call them overpriced?

 

 

 

'nuff said.

[Punitive_D]

I don't think that overpriced is precisely the right word; however, their present rate of growth is unsustainable. Eventually, there will be a correction. But in the very long term, they'll keep going higher.

[Mercifull]

Of course they are over priced. They were supposed to be a fun item. I remember passing them between friends and swapping colours all the time. It was sad when they started to go up in price. I think when I quit Runescape they were about 50m and was pretty shocked to see them 10 times that when I returned in Xmas 07. The partyhat market is (mainly) just merchants selling to merchants. Do people really buy partyhats these days purely to wear with no intention ever to sell...? If there are some that do, I would say its not a high number. Sad.

[Omegaham]

The price is the price is the price. In case you missed the succinct wording of my last sentence, there is no such thing as "overpriced" or "underpriced." It's all in your mind. (Best to read that and envision a hippy saying it to you. It's all in your miiiiiiiind, man!)

 

 

 

Say you want to buy a pristine mint condition Superman #1 comic book (I am not a comic book nerd). You can't afford one, because they cost about $160,000 each. Why is that? Very simple - there aren't enough Superman #1 comic books to go around. Back when that issue came out, not only did no one care about Superman, but comic books weren't seen as collectibles (See the parallel here? For the slow: very few people played Runescape in the beginning, and those who did didn't think of phats as commodities. They were just a cute Christmas gift from Andrew Gower, to be played with and thrown away after the end of Christmas). Now that there aren't any of them, plus comic book collecting is a moderately popular hobby for some people, there's a huge amount of demand and a tiny amount of supply.

 

 

 

Add that to the fact that every so often Mom comes into said collectors' basements and cleans out their "junk," and you have a commodity that will never go down in price (and will always be incredibly expensive).

 

 

 

Is it overpriced because you are only willing to pay $130,000 for a Superman comic book? No - in reality, you are the one who is in the wrong. The price is simply an indicator of whether there is enough to go around for everyone's comic book needs. It can't be wrong, because it's just an indicator. The people who drive the price up or down can be wrong, but the price is never wrong. The Price is Right!

 

 

 

Kafei's Law of Runescape Economics

 

 

 

Any item you want to buy, yet cannot afford is overpriced.

 

 

 

That's true in the real world, too. I can't afford my health insurance/rent/car repair/Cheerios. It must be overpriced! Someone should change the price so that I can afford it!

 

 

 

(Of course, if someone told them that their own wages were "overpriced," they'd probably throw a fit. Go figure)

[999134]

Of course they are over priced. They were supposed to be a fun item. I remember passing them between friends and swapping colours all the time. It was sad when they started to go up in price. I think when I quit Runescape they were about 50m and was pretty shocked to see them 10 times that when I returned in Xmas 07. The partyhat market is (mainly) just merchants selling to merchants. Do people really buy partyhats these days purely to wear with no intention ever to sell...? If there are some that so I would say its not a high number. Sad.

 

The people who would buy them to wear rarely have enough money to buy them.

[Chained_life]

I don't know really... Not sure how many are in the game... if there's only 1 thousand total (obviously not) then no they're not overpriced. If there's over 1 million (obviously not) then they are overpriced :thumbdown:

[Punitive_D]

. . . The partyhat market is (mainly) just merchants selling to merchants. Do people really buy partyhats these days purely to wear with no intention ever to sell...? If there are some that do, I would say its not a high number. Sad.

 

 

 

Of course some people buy without selling. If every buyer were also a seller, as you suggest, scarcity would never increase. Most circulating phats are bought and sold by merchants, but every now and then some regular player buys one and squirrels it away in her bank. That makes the remaining circulating hats that much more rare (and expensive).

[meili]

. . . The partyhat market is (mainly) just merchants selling to merchants. Do people really buy partyhats these days purely to wear with no intention ever to sell...? If there are some that do, I would say its not a high number. Sad.

 

 

 

Of course some people buy without selling. If every buyer were also a seller, as you suggest, scarcity would never increase. Most circulating phats are bought and sold by merchants, but every now and then some regular player buys one and squirrels it away in her bank. That makes the remaining circulating hats that much more rare (and expensive).

 

 

 

You don't have to say "hoards" like that. It's so negative. :P Just because some people enjoy having their party hats and never sell them doesn't mean they are bad people.

 

 

 

I've been playing since 2001, with 6 phats in my bank and 21 minor rares. :P I have never sold any although I used to give them away back when we were all happy in RS Classic. :) Does that mean I "hoard"???

[Toad]

. . . The partyhat market is (mainly) just merchants selling to merchants. Do people really buy partyhats these days purely to wear with no intention ever to sell...? If there are some that do, I would say its not a high number. Sad.

 

 

 

Of course some people buy without selling. If every buyer were also a seller, as you suggest, scarcity would never increase. Most circulating phats are bought and sold by merchants, but every now and then some regular player buys one and squirrels it away in her bank. That makes the remaining circulating hats that much more rare (and expensive).

 

 

 

You don't have to say "hoards" like that. It's so negative. :P Just because some people enjoy having their party hats and never sell them doesn't mean they are bad people.

 

 

 

I've been playing since 2001, with 6 phats in my bank and 21 minor rares. :P I have never sold any although I used to give them away back when we were all happy in RS Classic. :) Does that mean I "hoard"???

 

 

 

Given all mine away lol around 18 of the buggers, wish I didn't must construct... time machine, and replay scape, even though I could use it to take current technology back, and when i come back to this year be living in spaceships but no.. must do for partyhats sake.

[Eyebeam]

Of course they are over priced. They were supposed to be a fun item. I remember passing them between friends and swapping colours all the time. It was sad when they started to go up in price. I think when I quit Runescape they were about 50m and was pretty shocked to see them 10 times that when I returned in Xmas 07. The partyhat market is (mainly) just merchants selling to merchants. Do people really buy partyhats these days purely to wear with no intention ever to sell...? If there are some that so I would say its not a high number. Sad.

 

The people who would buy them to wear rarely have enough money to buy them.

 

Not really, I buy my phats for keeps, never selling.

 

Anyways, Phats being overpriced? Personally, no, I don't think so. Since I can afford it, it's not overpriced. Divines are overpriced !! Lol jks.