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Joined: 18 Dec 2007
Posts: 10
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 Posted: 12/19/07 - 08:05 Post subject: Runescape Rare Items |
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Runescape Rare Items have gripped the Runescape economy and in a way are like the equivalent coastline real estate of real world. Why do I compare Runescape rare items to that of coast line or beach front real estate? Well because like beach front real estate there is a very limited quantity available in good locations and there definitely isn’t more of it going on the market. Runescape rare items are the same, and their value is skyrocketing, and with every passing month the value of such rare items is increasing.
Why Are Runescape Rare Items So Expensive?
Well because back in 2001 and 2002 when these items were dropped they were dropped in a fashion that allowed them to be tradable. Yet they were only dropped brief period in time, the specific holiday that the item was created for. This of course meant that for any players that weren’t playing on that particular day and wasn’t able to pick one of these rare holiday items up it meant that they had to buy one off another player. This meant that there was an active supply and demand for these holiday items like party hats, santa hats, Halloween masks etc.
Now it is basic economics that price generally equals the equilibrium point where supply meets demand. So if supply equals demand then this explains why are the prices of Runescape rare items are so high. See the supply of the these Runescape rare items is essentially fixed or decreasing, meaning that with ever passing month the supply for these rare items is actually decreasing. Why? Well because every time someone with one of these rare holiday items quits Runescape without selling or trading their rare item away that is another rare item that leaves the market which means there are less Runescape rare items to be purchased and therefore this reduces supply and pushes prices up. |
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