Phat's Weekly Lewt Review 1/15

So it's the third Tuesday of 2013, and I'm writing my third Weekly Review of 2013.  My streak is going good so far, and I hope that at the very least it will continue through the winter!

Invincible Messing Up My Numbers
Of course this week my gold totals took a HUGE hit, plummeting down 750k because I purchased Invincible's Reins.  I wrote a post about it, and if you want to check that out, read it here!  This is by far the biggest hit to my gold total of all time.  Previously I've sank 150k gold into TCG mounts to flip, and made it back (and then some).  My gold total this week started at 1,838,647 g, so minus the 750k we can call it 1,088,647g.  I ended the week with 1,156,139 g, so I'm up 67,492, which is pretty good!

DMF Profits
Of course a bulk of my profits this week came from selling DMF cards I crafted, but I was trying to put a few too many decks together, and didn't end up selling my remaining cards until Thursday, getting last minute buyers (which wasn't all bad).  I prefer getting Trinkets to cards because on my server at least it's more profitable.  Some specific cards may be worth it, but my server is small and this path is still the way to go for me.  Below is a snapshot of my DMF sales for those interested, click the picture to enlarge.  I have about 5-7 decks on top of this, so a lot more profit to come from the DMF during the off weeks.

Transmog Woes
Nine times out of ten my transmog is one of my best sellers for the week and my time spent running between the mailbox and auctioneer is worth it, but this week was not one of those weeks.  That's the kind of market that transmog is though, it's very volatile and you can sell 2 items one week and make 10k, and the next week sell 12 items and make 5k.  This week I did neither, it was an overall loss for transmog (my posting prices are about 1k/48 hr posting).  I've been considering just posting the higher tier stuff for a while, but even now, the task of weeding out all the non wanted items seems like an epic chore, that I don't want to undertake right now.  In general the transmog market on my server is still kicking.

Livestreaming!
Recently I have been toying with the idea of livestreaming, maybe for an hour or so a day, so people can get some additional insight into my gold making scheme, or just see how unproductively I'm able to do things and still make a ton of gold :-P.  If you want to follow my channel to see when I'm streaming check it out here.  I will also be announcing when I go live via my twitter.  I'm thinking by tomorrow (Wednesday) I'll have everything worked out and ready to start test streaming, so come and see!

Cheers,

Phat Lewts

If you like my blog follow me on twitter, @PhatLewtsGold!!

How to Not Make Gold

Followers of my Twitter will already know, but two days ago I bought Invincible's Reins off of the Black Market Auction House.  It was a very strange experience for me parting with as much gold as I did, and I felt like it was worth writing about.

The Setup
My main, and toon that posts everything but transmog is a level 90 Mage.  Since I can teleport anywhere else I need to go, I have my mage's hearth set to the Tavern in the Mists so I can keep an eye on the Black Market Auction House.  Until today only two items that had sparked my interest on my servers BMAH were a Drake mount from Cata that I wouldn't have farmed, and a Brawler's Guild invitation.  Additionally I bought some patterns early in the expansion to flip, bought both for 20k each, sold one for 30k, and the other ended up selling months later for 15k (not the best investment).  In general, I was in a "I want to see how much gold I can get on this server" state of mind, and wasn't spending much.  Then Thursday morning when I checked the BMAH I saw Invincible's Reins.

I knew that an epic showdown would follow by some of the server's top gold makers, and I wanted to get involved.  I was sitting at 1,838,647 g, according to my Tuesday logging of it, so I had gold to burn.  I made the initial 20k bid on the Reins, and went about my gold making routine on my alts.  A hour or two later, the price had rocketed to 150k.

The Battle
From then on I decided not to be involved in driving the price up until the end of the auction.  No use wasting gold right?  Too bad I lost this mentality somewhere along the line.  A few minutes after midnight the auction went from long to medium, which meant the auction would expire shortly after 2am, my time.  Being tired is not a great condition to make rational decisions.  The price was sitting around 300k, and from what I could tell there were 3 active bidders still in the running (including myself), one other Horde (my faction), and an Alliance character.  With under 2 hrs left it was time to test the waters.  I placed a bid making it 320k, then walked away for a while.  Then the notification came while I was in a dungeon that I had been outbid. When I got back to the BMAH the mount was sitting at 400k.  Okay, he's not playing around.  The Hordie noticed me and told me he's almost exhausted his funds, and that he was making one last bid, making the price 420k.  The Alli went with another agressive bid, and rose it to 500k.  The Horde character told me he was out, and wished me good luck.  And then there were two.

The Grand Finish
There were now under 30 minutes left, and we had already reached half a million.  My next move was to push it to 520k.  Of course slightly thereafter he pushed it to 600k.  Feeling around for this guy's stop point was proving fruitless, and I decided it was my turn to do some pushing.  From 600k I jacked the price up to 750k, and then went around to all my alts, to send myself gold cap.  I had 1.8 mill to begin with, so I had just enough left that if this guy decided to make a last minute move, I could have cap on my character and not have to run back to the bank to beat him (unless of course he capped it out).  The whole thing was fruitless.  After I upped the price to 750k, he disappeared, and I sat next to the Auctioneer as time ran out.  It was then that it hit me.  I just spent almost half of my entire stockpile of gold.  The feeling was unsettling.  I hadn't been at this low of a point (~1.1 million) in over a year.  I started freaking out, almost hoping that I would be outbid, so I could keep my enormous pile of gold, but the auction expired with my bid at 750k, and I had a brand new mount.  I thought I would feel buyer's remorse in an extreme way, but I don't.  Whether I got it in ICC or not, my mount is one of the most badass available in game, the steed of Arthas Menethil himself, resurrected by the Lich King.  I miss my gold, but I very much enjoy my new mount.

Cheers,

Phat Lewts

If you like my blog follow me on twitter, @PhatLewtsGold!!