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Auctioneer

  Download the Curse Client

Last Update: May 20, 2008 (1 month ago)
Category: Auction & Economy, Mail, Other, and Tooltip
Tags: auction, hunter, item, sell, and trade
Project Manager: MentalPower
Website: visit
Current Version: Auctioneer 5.0.PRE.3117 FULL
(for World of Warcraft 2.4.2)
Downloads Today: 2,836
Downloads Total: 6,298,926
Favorites: 21,376
Comments: 1,320
  • About Auctioneer
  •  

Please Do Not Post Errors Here. Please go to Our Support Forum and please search first for your problem.

If you have not done so already, please click on that rating button and help us top the WOW curse addon listing :). The rating bar is just under that big "W" on the left of the page. Do not forget to add us to your favorites too- you will then receive email when new versions are released!!

What is Auctioneer ?


Auctioneer is an addon that allows you to view information about an item that may be useful in helping you determine what it's worth.

Straight out of the box, Auctioneer knows much about many items in the game, and will tell you many things about the item when you move your mouse over the item in the game.

Right at the start, the information that is provided (via the Informant addon) to the user is:

An example tooltip:

  • Linen Cloth
  • Buy 3 (0.55 each) 1s65c
  • Sell 3 (0.13 each) 39c
  • Stacks in lots of 20
  • Class: Trade Goods
  • Used for: Smithing, First Aid,Engineering, Tailoring
  • Quest items in 4 quests

So what does this tell the user ?

  1. It tells the user that they are looking at the item "Linen Cloth"
  2. The buy price (that you can buy this item from vendors for) for three of these items is 1 silver and 65 coppers. (which is 55 coppers each)
  3. The sell price (that you can sell this item back to the vendors for) for three of these items is 39 coppers. (which is 13 coppers each)
  4. This item can be stacked together up to a maximum stack size of 20 items
  5. Blacksmithing , First aid , Tailoring and Engineering professions all use this item in their trades.
  6. It is a quest-item in 4 quests.

Note: Items that you may not actually be able to buy from vendors still have a value in the game. This value determines things like deposit price and starting price at the auction house and repair costs for durability damage.

What is this scanning about?


Once a user moves to the auction house and beyond just buying and selling from/to vendors, the whole game changes. No longer is the user dealing with the static prices of the vendor to support their character's income. We are now dealing with the fluid and hectic nature of a dog-eat-dog market economy.

In such an economy, which is in a constant state of flux, it can be difficult to select the correct pricing points for your item at the auction house. Sometimes the prices and value of your items can be wildly different to the vendor price due to many factors, the value of items that can be made from your item, the use of a particular item in a quest, the suitability of a particular weapon or armor to specific classes, and the disenchantability of an item to enchanters.

Primarily, the driving factor of the price fluctuations, as in the real world is supply versus demand. When supply is high, but demand is low, competition drives the prices down, and conversely then supply is low, but demand is high, the market is driven into a sellers market.

What can Auctioneer do to help me ?


Auctioneer can help you alleviate this lack of market knowledge over time by watching the market evolve. When you go to the auction house for the first time after installing auctioneer, you will see a new button marked "Scan" at the bottom of the Auction window's browse pane. Clicking on this button will put the Auction window into an automatic scanning process which will look at the current market snapshot and record statistical data about the prices and quantities of items at the auction house.

Once the market analysis has completed, you will notice additional information about the items in the tooltips when you mouse over them:

An example tooltip:

  • Linen Cloth
  • Seen 4062 times at auction total
  • Averages for 3 items:
  • Starting bid (1.63 ea) 4s89c
  • Bids (10% 0.52 ea) 1s56c
  • Buyout (92%, 3.40 ea) 10s20c
  • Buyout median 7s35c
  • Last 35, median BO (ea) 2s50c
  • Scanned 20, median BO (ea) 2s45c
  • Suggested price for your 3 stack: 3.40 min / 4.26 BO
  • Undercutting by 5%
  • Buy 3 (0.55 each) 1s65c
  • Sell 3 (0.13 each) 39c
  • Stacks in lots of 20
  • Class: Trade Goods
  • Used for: Smithing, First Aid, Engineering, Tailoring
  • Quest items in 4 quests

OK, what is this new data telling the user?

The new data is displaying the market statistics from all auction scans. It is telling the user that:

  • The item linen cloth has been seen 4062 times in total due to scans of the auction house.
  • The average values for the current stack of three items is:
    • An average starting bid for 3 items of 4 silver and 89 coppers (1 silver and 63 coppers for one item)
    • An average bid rate of 10% (that is 10% of the 4062 items had bids) and an average bid of 1 silver and 56 coppers (52 coppers for one item)
    • An average buyout value of 10 silver and 20 coppers (3 silver and 40 coppers for one) was set on 92% of the 4062 auctions (Not all auctions need to have a buyout set, that is why the percentage is only 92%)
  • The most accurate median buyout (for 3 items) is 7 silver and 35 coppers
  • For the last 35 of these items seen, the per item median buyout was 2 silver and 50 coppers
  • The most recent scan of the auction house saw 20 of these items, and the per item median buyout was 2 silver and 45 coppers
  • Auctioneer suggests that the minimum bid for the 3 stack is set to 3 silver and 40 coppers and that the buyout price is set to 4 silver and 26 coppers
  • Auctioneer has determined the previous values by undercutting the market with 5% (for explanation see below)

OK, but what do these numbers actually mean?

Understanding of what the numbers are telling you can be the most difficult part of understanding this addon.

Let me tell you what this data tells me.

  1. The sample size is high. 4062 items, which means that we have a lot of information about the item.
  2. The auction house has some nibblers who are taking bids on the lower priced items in the auction house. 10% of the items have bids, however they are not coming close to the average starting bid (even lower than halfway toward it). This indicates that there are people looking for bargains on this item (likely to try and buy and resell it at a better price)
  3. The buyout rate being at 92% indicates that people are fairly confident that they know the value of this item.
  4. The Average buyout being about 2 silver 85 copper higher than the average median (around 40% of the median) indicates a varying price for these item, but still fair. When the difference between the average and the median is high, this indicates a market that is unstable, unsure of it's pricing point.
  5. The last median (historical median) shows the median value of up to the last 35 items, whereas the scanned median (snapshot median) shows the median buyout of only those items currently for sale on the auction house. The difference between these two values indicate a temporary market shift. The historical data being higher than the snapshot data means that the market is in a low for this item (buyers market) and conversely the snapshot being higher than the historical indicates the market booming for this item (sellers market)
  6. The other points are explained already in the previous section.

Selecting the prices to sell for:


If Auctioneer has enough data, when you try to put an auction up for sale, it will attempt to provide you with intelligent pricing points based upon the market data it has accumulated through scanning.

When you drag your item from your inventory window into the Create Auction item slot, Auctioneer will set a minimum price, a buyout price and display relevant data about it's decision making process underneath in the market analysis pane, as well as telling you how it arrived at it's prices.

An example auction 1

Based upon the Auction-tab description: (for more information see Interface Usage)

  • [ 3 ] Linen Cloth
  • Starting price
  • 3s 40c
  • Buyout price (optional)
  • 4s 26c
  • Auction duration
  • [ ] 12 [ ] 24 [x] 48 hour
  • Deposit: 12c
  • 35 historical 7s 50c
  • 20 last scan 7s 35c
  • Snapshot low 4s 50c
  • Market price 7s 35c
  • Original bid 1s
  • Undercutting by 5%

An example auction 2

Based upon the Post Auction-tab description: (for more information see Interface Usage)

  • [ 3 ] Linen Cloth
  • Undercutting by 5%
  • Starting price
  • 3s 40c
  • Buyout price
  • 4s 26c
  • Auction duration
  • [ ] 12 [ ] 24 [x] 48 hour
  • Deposit: 12c

What's all this mean then?

OK, well the starting and buyout prices, duration and the deposit are all self explanatory. The rest of the data means this:

(Explanation based upon auction example 1):

  • This item has been seen 35 times historically (that is in the last 35 times) with a median of 7 silver and 50 coppers
  • This item has been seen 20 times the last scan (snapshot) with a median of 7 silver and 35 coppers
  • The lowest price for this item in the last scan was 4 silver and 50 coppers
  • The calculated market price for this item is 7 silver and 35 coppers
  • The original starting bid, suggested by blizzard for this item is 1 silver
  • The pricing algorithm decided that the current lowest bid (4s50c) could be undercut by 5% and still not deviate too far from the market price.

What are the available pricing models?

The pricing algorithm may select one of:

  • Marking up vendor by 300%: This item has not been seen at auction. We are estimating that it will be worth 3 times more than what you could sell it to the vendor for.
  • Undercutting by x%: This item has competition on the market, but it's not so bad that we'd be cutting our throats by matching them.
  • No competition: This item is not on the market, you have a monopoly on this item at this point in time.
  • Competition above market: The prices for this item are no threat to you as they are all over prices (you could afford to bump your prices up a little too, if you felt like it)
  • Cannot match lowest price: The lowest price is too far below the market value. Selling at this point in time is not recommended. Either bide your time until this item is gone, risk it and put your item up any way at a higher price, manually reduce your price to match it, or buy out the cheap items, and relist them and your items for proper market value.
  • Using my current price: You have the most competitive price on the market, so we are repeating the post at your current price.
  • No data for HSP: No data exists to work out what the highest sellable price for this item is.

Conclusion


We surely hope this helps people to understand Auctioneer a bit better. More advanced topics such as playing the market to make bulk GOLD will be covered in future documentation, which can be found here Auctioneer.

Please goto "AuctioneerAddOn.Com" to view the current changelog.

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  • July 5, 2008, 10:05PM (22 hours, 6 minutes ago)

    I got it to work now, not sure what i did, thanks tho =)

  • July 5, 2008, 02:50PM (1 day, 5 hours ago)

    Hi all, i have this addon and all my chars can see it and works fine, except my main, i go into the options on logout screen and it's got a tick in the box. is there a slash comand to open it in game please or another way?

    thanks

  • July 5, 2008, 08:39PM (23 hours, 32 minutes ago)

    SloshMold,

    What exactly is not showing up, are you not seeing Appraiser, the tooltip information, or something else?

    Nikk

  • July 1, 2008, 08:30PM (4 days, 23 hours ago)

    Heh, it's me again who asked about the rating button... :D Well yeah ofc I've seen these stars under the big W.. But I can't click them. Even in Internet Explorer =\ Sorry for bothering you with such bullshit, but you're answering every question here so I figured out I could get some help :)

  • July 4, 2008, 04:36PM (2 days, 3 hours ago)

    Sobakus,

    Looks like the site is having issues- to track the status, see http://www.curseforge.com/projects/curse/tickets/20-unable-to-rate-via-the-addon-page-widget/ .

    Hope that is fixed soon, just think of all the "5 Star Ratings" we are missing!

    =)

    Nikk

  • July 1, 2008, 05:33AM (5 days, 14 hours ago)

    When in the Auction SearchUI it will not let me search any items when I click search. No items show up in the search results below the search bar. I can't figure out what I'm doing wrong to not be able to search for items. Any ideas on how to fix this?

  • July 4, 2008, 04:55PM (2 days, 3 hours ago)

    Pariah88,

    Are you searching via the "tab" along the bottom of the main AH frame or via the "magnifying glass" icon on the SlideBar, installed by default just below the minimap?

    The two searches use different data sets:
    - The Search tab, shown in the Screen Shot above, uses the data from scans obtained when you press the big "Scan" button when viewing the Browse Frame of the AH.
    - The SearchUI uses the data obtained from scans obtained using the "play button" type along the top left of the browse frame.

    In both cases, you should perform a full AH scan first, to ensure that the data is up to date.

    This may seem redundant- it is. One is using the Auction Advanced data, the "play" type button scans, and the other is using AuctioneerClassic data, obtained by clicking the big "Scan" button along the bottom of the Browse Frame.

    Note: As the feature set is becoming more refined, we **highly** recommend that everyone get used to using the AuctioneerAdvanced features. Anyone is more than welcome to use AuctioneerClassic, of course, but it seems with each patch more workarounds are needed or "live with it" type issues pop up. Our full efforts are focused on AuctioneerAdvanced, we only have enough help to address the most serious AuctioneerClassic issues, but eventually, that support will cease.

    Any way, hope that gets you on you way to productive Auctioneering- if you still have issues, please post at our main forums, via http://Forums.Norganna.Org/4/ .

    Best of luck,

    Nikk

  • June 24, 2008, 05:26PM (1 week, 5 days ago)

    Oh noes, what has happened to our favorite website? I can't get to either Auctioneer or Gatherer today! Has Norgana forsaken the masses or is it just a cosmic hiccup? I'm really hoping that it is all just a cosmic hiccup and than they lost a server and everything will eventually be okay.

  • June 24, 2008, 11:28PM (1 week, 4 days ago)

    YOafter9,

    Indeed... there was an accout error, as they call it, by the ISP.

    All shouldbe up soon.

    Nikk

  • June 23, 2008, 09:51PM (1 week, 5 days ago)

    Ok, so I need to update Auctioneer. All my past scans must be stored somewhere in the files I'm supposed to delete first. Is there any way to retain my scan/sales history when upgrading?

  • June 23, 2008, 11:00PM (1 week, 5 days ago)

    Cilencia,

    Yes, if you follow the updating instructions here and at the main site, http://Wiki.Norganna.Org/Installing/ , you will retain your old data.

    The old data is kept in the ..\WorldofWarcraft\WTF\Account\<YourAccountName>\SavedVariables\ folder. When updating, you only delete, then download and replace files in the ..\WorldofWarcraft\Interface\AddOns\ folder.

    We, like most AddOn authors, *highly* recommend backing up your "WTF" folder often- we hear horror stories ever day from folks who delete the whole thing, part of the directory, or have their data become corrupted from a whole slew of possible reasons. Need we say more? =)

    Happy Auctioneering,

    Nikk

  • June 23, 2008, 02:13AM (1 week, 6 days ago)

    I downloaded auctioneer and it worked great for a few days. After that the scans were painfully slow (it would scan the first 5 to 15 at normal speed, 90 or so auctions/ second, and then freeze for about a minute, and the speed would drop down to 20/s, and it would keep on freezing periodically) Is there any way to remedy this, ie increasing the cache size or whatever?

  • June 23, 2008, 11:46PM (1 week, 5 days ago)

    Kin2dMonkeys,

    We work continually to find ways to streamline the scanning process, but unfortunately, sometimes our benevolent Blizzard does some things that we recommend against- go figure. Then again, they have their motivation and we have ours.

    Anyway, patch 2.4.2 introduced some major throttling in an attempt to actually speed up scanning overall for all users. The unintended consequence is likely what you are dealing with, painfully slow scan times that are unpredictable, to say the very least.

    Other than playing smartly, there is not a whole lot any end user can do... while scanning, and general playing, if you want the best response, we highly recommend:
    - Save the web surfing or checking email for later, or use a second machine.
    - Ensure that virus scans are not actively running, but are scheduled to run when you are not using your machine.
    - That backups are not actively running and are, again, scheduled to run when you are not using your machine.
    - That you defragment the drive housing the game client and data relatively often.
    -- By doing so, you keep all of the files the game "needs" in as few pieces as possible. Just using a machine will lead to fragmentation, so defragmenting can often increase overall performance- some times a great deal.
    -- Remembering to close all programs and use the "shutdown" command rather than just jabbing the power switch allows the system time to properly close files rather than leaving temp files and the like scattered across your drive.
    - All non-essential processes are halted
    -- To see what processes are running- and to effectively "deal" with those that are, try "Process Explorer" from http://SysInternals.Com/ .
    -- Sysinternals is renowned for their amazing MS Windows utilities. They received so much attention that MS purchased the company and keeps most of the people as a separate group so that they continue to produce awesome products. The best part is, now the utilities are free.
    --Macs have many of the same utilities, like Windows, some are included- most of the better ones are from third parties, though. ;-)
    - The main thing is to "kill" any processes that are not needed. For instance, Adobe Reader just loves to run in the background and hog resources and many more.
    --Do not kill anything you are not sure of, you could cause unresponsiveness or the need for a reboot if you get overzealous.

    As usual, we have some upcoming changes, that should be in the next version if testing continues to go well, that will at least get the scan times back to what they were, if not a bit faster than pre-2.4.2.

    Hope this makes sense and gets you on your way to faster, less annoying scans!

    Keep an eye here and our main site, http://AuctioneerAddOn.Com/ , for more on the upcoming version and all that fun stuff.

    =)

    Nikk

  • June 20, 2008, 04:08PM (2 weeks, 2 days ago)

    so I downloaded auctioner, atlas, titan panel, and quest helper. Im using a iBook G4 and I put all of them in the addon folder but the only one that worked was quest helper. the rest didnt show up in the addon tab, any help?

  • June 21, 2008, 03:49PM (2 weeks, 1 day ago)

    Scozzi,

    Read the install guide, and follow the directions exactly as given there.

    If you find the Screen Shot along the left border, the Install Guide tab is just to the right of that picture. Description | Changes | Install Guide. You can find our primary installation guide over at the main site, via http://wiki.norganna.org/installing .

    In general, would recommend only downloading, unzipping, and installing a single addon at a time to ensure that you are not running into problems when trying to install multiple addons at once.

    For what it's worth, numerous people run the addons you list without error, so your issue is likely incurred during the installation.

    Thank you,

    Nikk

  • June 20, 2008, 12:13PM (2 weeks, 2 days ago)

    HI

    Just installed Auctioneer a couple of days ago and I'm most admit that I'm very impress. But I do have one question.

    I'm using two of my caracters for the AH. Both are on the aliance side on the same server. Do I need to scann the AH with each caracter or just one is enough ?

    Thanks

  • June 21, 2008, 03:41PM (2 weeks, 1 day ago)

    Remote,

    The scans are shared between users of the same server and faction, so if you have a dwarf and human on Cenarion Circle, then you only have to scan on one or the other. If you have a tauren on Cenarion Circle, then you will have to scan for them, too.

    =)

    Nikk

  • June 20, 2008, 07:37AM (2 weeks, 2 days ago)

    soo..while still logged in. i dl auctioneer. but it didnt show up in the wow add-ons' so i exited out of wow tried again. didnt see anything, so i exit out of the game uninstall auctioneer then reinstalled auctioneer. loaded up wow and it still saids its not in the add-on list.any help for my question? please

  • June 21, 2008, 03:54PM (2 weeks, 1 day ago)

    Jase17,

    No Addon will function if you try to install it while the main WoW client is running.

    To install, follow the instructions at our primary site, http://wiki.norganna.org/installing/

    The Addon works on Windows, Mac OSX, and emulated Windows on any of the Linux distributions. The only thing that is different is the install path, but once you find the WorldofWarcraft directory, they are identical.

    Best of luck,

    Nikk

  • June 24, 2008, 09:44PM (1 week, 4 days ago)

    so i take it, it doesnt work on vista then?

 
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