The Qwertymage Monster
Chaitee encountered a nightmare when she opened the bidding on the Auction House Friday morning. If the rest of the weekend goes the way the start is going, it could get very rough.
Qwertymage is a well known buyer and seller on the AH. Chaitee competes with him on many levels although Chaitee doesn't have the amount of resources the guy has. It's Chaitee's opinion that "Q" has more than half his toons doing nothing but churning out mats and goods to sell. Chaitee has been slowly collecting hexweave bags, of which Sista is the sole crafter. On average it takes four days to craft the 36 slot bag, which Chaitee can sell at 1200-1400 gold on a good weekend. She was quite happy to have six hexweave bags available for sale, estimated at 7,200 to 8,400 gold. That would be a very nice haul.
"Q" destroyed all hope of getting a good price on those bags. I've never seen this before - the guy was able to craft 200 - yes, 200! - hexweave bags. Priced at 1000 gold each, it adds up to 200,000 gold worth of bags. Chaitee can't underbid him, she would lose money for one, and he can always outbid her with his 200 bags versus Chaitee's 6.
Chaitee will soldier on, despite the setback.
Sunday Update - The weekend is going to show high losses that may take several weeks to recoup. Chaitee was more buyer than seller, stashing her goods and holding on to them for better deals later. The market is the market.
Chaitee is keeping her books closed until the Monday returns are in. For an inkling of what that might look like on this dreary Sunday is her current cash situation: 519,103 gold.
Most of that comes from holding 8,000 gold in leylights, which will take time to sell.
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