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Now I'll talk about the item pages on The Undermine Journal. There's a lot to go over
on the item pages, so this'll probably be a two-part video.
So, first, the item name here at the top is a link to Wowhead. On the left is the item
tooltip with the stack size for the item. And on the right here is a list of statistics
for the item on your auction house.
You can see there are two columns. This first column is the statistics for one item, and
the second column is for a stack of that item. This first row here, the available quantity.
That's the number of that item that is currently for sale on the auction house.
Second one, the market price, that's a price that's used a lot on The Undermine Journal.
It is, to put it simply, the amount you would pay per item if you bought the cheapest 15%
quantity available. This algorithm lets us exclude items that are either priced very
low or very high compared to the actual value of the item.
So the market price here, that's the price of that item as if you bought it right now,
compared to the mean, which is the market price that's averaged over the past two weeks.
The standard deviation is another statistic to show you how much that price varies for
the item on your realm. You can compare it to the mean to see how volatile the market
is. So, for example, this 18 silver standard deviation, compared to a 1 gold 85 silver
mean, tells you that the price usually doesn't vary too far from the mean. So the market
is very well established and the price doesn't jump around too much. If you had a high standard
deviation relative to the mean, that would tell you that the market is very volatile
and the price might change, you know, day to day.
So, with these three bits here, the market price, the mean and the standard deviation,
I show you this 95% confidence interval line. This dot represents the current market price,
and the closer that is to the middle, means that it's at a price that's average for that
item. It's pretty much on the money. The more this dot is towards the left, that means the
current price is cheaper than normal, and when the dot's towards the right, that means
the current price is more expensive than normal. The scale of this is based off of the standard
deviation, so, it's a visual representation of the price, so you don't have to really
dig through the numbers.
This last seen row tells you the last time that we saw any on the auction house. For
most commodities this is gonna say say "one hour ago" or "less than one hour ago" because
we scan every hour. That is really useful, though, for rare items, like rare recipes
or maybe some rare crafted items, to show you maybe somebody's really looking for this
item and it hasn't been on the auction house in so long. So it'll help you make a pricing
decision if you had one for sale. Maybe you want to make it more expensive than usual
if it's been very rare.
The US Horde available, market price and mean. These three are exactly the same as these
top three over there, but instead of just looking at your realm, it looks at your faction
across the entire region. So, across all Horde auction houses in the United States right
now, there are 624,000 Elementium Ore. The Horde market price and mean tell you the short
term and long term average prices.
Sell to vendor, this number is built within the game, it's just how much would you get
from a vendor if you sold this item. And then these deposit costs are based off of that
vendor cost. And this is how much it cost you to put the item up on the auction house.
Here's a nice visual history of the market price and the availability on your auction
house. The blue line is the market price and the red line is the quantity that's available.
As you can see for Elementium Ore on Mal'Ganis Horde, the price is fairly stable, doesn't
move around too much. However, the quantity varies quite a bit. If you want to look at
just a few days' worth, you can drag an area to zoom in, and you can mouseover to see the
exact time and the values at that time. The time shown there should be in your time zone
where you're sitting. So it's not realm time, it's not UTC or anything. That should be,
if you looked at that time, where you're at, that's what the auction house would've said.
You could reset the zoom clicking there.
This post activity heat map, it's a way to show you if there are any trends in, time
of day, or days of the week, for new auctions to be posted with this item. It doesn't really
tell you too much with this particular item, because it's a commodity, it's posted all
the time. But, the darker squares mean that there are more items posted in that time.
So, for example, Tuesday at 4am, apparently there was heavy activity compared to most
other hours in the week. The red tinted square, which is down here, you could tell it's 3:00
on Saturday when I'm recording this, my local time. So the red tinted square is what time
it is right now. And it just serves as a verification that your time zone is set correctly on your
computer, so you have a good idea that this activity heat map is calibrated correctly.
The market notifications is a login feature and we'll talk about that in another video.
Other Markets is yet another method for you to use to compare the prices on your realm
to other realms. This chart has two axes. The vertical axis is the price, the higher
you go, the more expensive the item is. Again, the market price. And the horizontal axis
is the total auction house size across all items. So it's a general idea of the size
of your auction house, and then, you know, that's analogous to the size of your realm,
how many people are playing on your realm. It's not a perfect correlation, but it tends
to be pretty accurate, as far as the size of your realm. So, the red dot here, since
we're on Mal'Ganis Horde, that's a red dot, and Mal'Ganis Alliance is the blue dot all
the way over here. Apparently Mal'Ganis Alliance is a very small auction house size, so it's
all the way over here on the left.
This will help you to see how the prices trend with the size, as you can tell, as the auction
house size, and therefore the realm size gets larger, the prices drop, because they have
more people farming the item, or the economy is more robust. Usually the smaller auction
houses have higher prices, so you kinda see a swoop in the dots. This helps to see if
your auction house might be an outlier, if your price is very high for some reason, and
doesn't really cluster with the rest of them, it helps you to see if maybe it's the auction
house size that has something to do with it.
With rare items, sometimes you want to hide the dots that don't have any, zero quantites,
because you can mouseover these to see, you know, this is Tichondrius Horde, you could
see the market price on all sorts of different realms on your faction, how many are available,
and how many listings. But if you want to hide the ones that don't have any, you can
hit "Hide Zero Quantities." Not too many hide for Elementium Ore, because almost all realms
have some on the auction house. But I'll show this on another item, and it'll make more
sense there.
Recent sellers shows you which players have been posting auctions for this item in the
past four days. It doesn't mean that they've sold all those auctions, it just means that
these players are active in the market, and they're posting a lot of auctions for this
item. It helps to give you an idea of your competition, if you're also selling this item.
And you can click on these names to view their seller page, which we'll talk about in another
video.
As you can see, a lot of these first ones, they say "seller not found" for their tooltips,
probably because they are bank alts. Since you can't see characters under level 10 on
the Armory, we can't get any information on them. So it'll say "seller not found." But
for some of these, the ones we do have information on, it will show you the guild, any titles
they have, level, race, class and their professions. Just kind-of as a peek at the user. And then,
again, you can click on it to show you the seller page, but we'll talk about that later.
Finally, the current auctions listing. You know, if you searched for this item on the
auction house right now, these are the auctions that you would see. Again, you can mouseover
the seller names, if they have, if they're not bank alts, that is, you can see the information
on them. So, you see the quantity of the item in the auction, the bid and buyout price for
each item, so multiply by the quantity for the total auction value. But, on The Undermine
Journal, we like to think of things in terms of the single item price. And then, this is
an estimate of about how long ago that auction was posted. So it looks like that this seller
has been the cheapest seller, probably, for at least three hours, unless somebody else
undercut them and they were sold. But as we scroll down, you can see, you know, some of
these other auctions are older. Not too many, though, there's pretty good turnover for Elementium
Ore on Mal'Ganis Horde.
So that's what the item page looks for, looks like for a commodity. In the next video I
will show you a crafted item, and we'll see how that item page looks different. Thanks.