Price Suggestion
The Red Socks
Submitted by bigfatfrog
~1.55 ref
Unique Red Socks
134 votes up
20 votes down
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Comments

Third suggestion, Let's do it!


Just like the actual Red Sox, this item is going downhill.


SECTION 1: OPENING ARGUMENTS:

Here's the deal, the price for this item hasn't been updated in 5 days and since then, the price that people are selling as dropped considerably as the hype from the recent update dies down. Listings for this item at 6 refined are not being bought, and more people are choosing to list at lower valves. Taking this into account, a price change to 4.66-5 refined is the best course of action


SECTION 2: PRESENTING THE EVIDENCE (on outpost)

Let's start out with the most important data, when this item is advertised at 6 ref, it doesn't get bought


Sellers at 6 ref that remain unsold (at time of writing)

[url]http://www.tf2outpost.com/trade/21093150[/url] Unsold 1 week

[url]http://www.tf2outpost.com/trade/21036766[/url] Unsold 2 days

[url]http://www.tf2outpost.com/trade/20969485[/url] Unsold 4 days

[url]http://www.tf2outpost.com/trade/21081434[/url] Unsold 18 hours (kind of young, worth following up on)

[url]http://www.tf2outpost.com/trade/21068221[/url] Unsold 1 day

[url]http://tf2tp.com/trade.php?trade=10183860[/url] Unsold 2 days

[url]http://www.tf2outpost.com/trade/21048517[url] Unsold 1 day


I want to put some relatively young ones right here, because they are worth monitoring as this suggestion is voted on. (At time of writing)

[url]http://www.tf2outpost.com/trade/21093150[/url] Unsold 5 hours

[url]http://www.tf2outpost.com/trade/21088618[/url] Unsold 9 hours

[url]http://www.tf2outpost.com/trade/21093503[/url] Unsold 5 hours

[url]http://www.tf2outpost.com/trade/21086159[/url] Unsold 12 hours

[url]http://www.tf2outpost.com/trade/21084807[/url] Unsold 14 hours


Again, these trades are young and are here so that voters can monitor if they get sold in the next couple of days. Think of it as evidence that will become valid as time goes on.


Sellers at 5 refined

[url]http://www.tf2outpost.com/trade/21095292[/url] Sold, user forgot to close trade

[url]http://www.tf2outpost.com/trade/20987563[/url]

[url]http://www.tf2outpost.com/trade/21068333[/url]

[url]http://www.tf2outpost.com/trade/21096241[/url]

[url]http://www.tf2outpost.com/trade/21067529[/url] Sold

[url]http://www.tf2outpost.com/trade/21095003[/url]

[url]http://www.tf2outpost.com/trade/21047746[/url] Sold as a quicksell

[url]http://tf2tp.com/trade.php?trade=10183959[/url] Sold

[url]http://www.tf2outpost.com/trade/21101739[/url]


Sellers at 5.33 refined

[url]http://www.tf2outpost.com/trade/21066664[/url] Sold

[url]http://www.tf2outpost.com/trade/21076568[/url] Sold

[url]http://www.tf2outpost.com/trade/21071056[/url] Sold

[url]http://www.tf2outpost.com/trade/21060054[/url] Sold

[url]http://www.tf2outpost.com/trade/21048077[/url] Sold


I know there are people selling at 5.66 as well, but think about it this way. The price of the item is bound do drop even further during the time that the voting is happening. If this vote got accepted at 5-5.66 ref in a couple of days, it's possible that there might not be any more people selling for 5.66 ref? Am I making any sense? I'm just accounting for the inevitable continual price drop from this item that will happen in the time that it takes for voting to happen. As a result, I won't include 5.66 trades


SECTION 3: THE CLASSIFIEDS:


The classifieds show a similar trend. There are not many being sold, but of the ones listed:


3 being sold for 4.66

1 being sold for 4.88

6 being sold for 5


Even though there are some being sold under 5 refined, there aren't enough to justify the minimum price being lowered.


SECTION 4: THE BUYERS


There's only 2 pages of buyers, and many are buying at low prices. This shows that there is a low demand for this item, and that this will force sellers to sell for less.

[url]http://www.tf2outpost.com/search/214533555,1[/url]


SECTION 5: WRAPPING THINGS UP

In a nutshell, 6 refined is too high. Too many people are not getting their asking price of 6 refined, and that coupled with the low amount of buyers who are buying for low prices means that the value of this item is falling. For now, a recommendation of 5-5.33 refined will get more of these things sold.


    may want to take out those odd extra spaces... (mainly that giant gap at the bottom)

      Sure thing. Doing that now

    Well, I can definitely say you're organised...

      Ew. I hate both types of Red Socks/Sox. I'm a Toronto fan :D

      Regardless, nice proof and organization! Upvote!

      Your 5 ref seller http://www.tf2outpost.com/trade/20987563 has never been bumped