Friday, April 20, 2007

Runescape Santa Prices

Runescape Santa hat prices have increased significantly since the days of runescape classic. This price increase has other factors apart from standard supply and demand issues. The reason for the higher prices nowadays is due to:

  • Slayer skill causing increase in virtual wealth for many players
  • Supply has reduced - and will not increase
  • Runescape money selling sites using macros or bots to increase overall cash in game
  • Long term players general wealth accumulation over time
Lets examine the impact of the introduction of the slayer skill. The slayer skill introduced various new runescape monsters and items into the game. It is a skill that takes time to train up properly and is for members only. However, the abyssal whip, one of the better training weapons was a highly desired item when it was first uncovered. Prices of abyssal whips were extremely high initially and currently trade for 1.7 million coins or so.

Players who had 85 slayer early were able to cash in quickly and buy up supplies of santa hats are more affordable rates. When this happened, other merchants joined the process and quickly santa hats were very much in demand, while the supply was limited. This is where the economics of supply and demand come into play and forced the santa hat prices to increase. As the prices increased, more and more players started to try and merchant them, consequently increasing the rate of price inflation.

The slayer skill was one main contributor to price inflation of santa hats in runescape, although not the only contrubutor. The other facts mentioned also had a direct impact on price stability in the runescape marketplace. My belief is that the people who directly benefitted from the slayer skill introduction were simply the catalyst to the price inflation of rare items in runescape. It didn't only affect the santa hat prices, but christmas crackers, party hats, halloween masks and even pumpkins to a lesser degree.

Overall, the price of rare items in runescape will continue to rise in the long term, however, for people looking to make free easy money it will be a much harder task. It will be much harder as prices for santa hats and other rare items have approached their market ceiling prices and will only gravitate upwards in the long term, not the short term.

If things do follow the laws of supply and demand and rare item prices are determined solely by market forces, my advice for all runescape merchants is to look at other items to merchant. Owners of large amount of rare items can control the market price - and if this is the case, they will control it to their benefit, not yours. Consequently, merchanting rare items (or discontinued items in runescape), is a highly risky method of merchanting as it can tie up large amounts of cash that could be better used to make more money through trading in cheaper items.

Stay safe, play safe and merchant resources in constant demand after building up both a chain of suppliers and a pool of buyers. This will enable any runescape merchanter to safeguard themselves from possible large losses on runescape santa hats.

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