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What makes an item valueable

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Tipperish

Tipperish

Posts: 4 Bronze Posts by user Forum Profile RuneMetrics Profile
I am curious about what factors people consider to be most or least important when jt comes to the value of a rare item.

I'm also curious about what people think the market considers most important.

Some of the different factors I was thinking of, and also in this order of importance

Discontinued
Amount of item in the game
Wearable or not wearable
Aesthetics
Possible for re release or not

20-Feb-2021 22:54:46

I Jonyfrecle

I Jonyfrecle

Posts: 3,702 Adamant Posts by user Forum Profile RuneMetrics Profile
I would also add consumption to the list of factors since it greatly effects the price of dyes and tokens.

My order would be

Discontinued
Consumption
Wearable or not wearable
Aesthetics
Amount of item in the game
Possible for re release or not

Don't agree amount of item in game is so important, some guy a few weeks ago calculated 75 of each 2a piece and you can pick 2a up at 200m-1b depending on item. But 1k black santa hats were released and they're current sat around 14-15 bill each.

20-Feb-2021 23:10:18

SturmKonig
Dec Member 2020

SturmKonig

Posts: 29 Bronze Posts by user Forum Profile RuneMetrics Profile
Tipperish said :
I am curious about what factors people consider to be most or least important when jt comes to the value of a rare item.

I'm also curious about what people think the market considers most important.

Some of the different factors I was thinking of, and also in this order of importance

Discontinued
Amount of item in the game
Wearable or not wearable
Aesthetics
Possible for re release or not

Based upon your first statement, I dont know who JT is but when some guy just comes up to me and asks to price my rares, he's gonna get kicked in the "valuables". Especially if he spells valuables as "valueables", like those scam emails I get from princes from Zamunda. Highly sus.

Otherwise, the only thing about rare's I ask myself is: Will it blend?

If Tom Dickson says yes, then I'm all on it like mostly peaceful protestors on a high end retail storefront in New Yorks now abandoned shopping outlets. Shek for Admin!

21-Feb-2021 15:05:34

Raphtalia6
Oct Member 2017

Raphtalia6

Posts: 1,134 Mithril Posts by user Forum Profile RuneMetrics Profile
for me its:

Does it look good(does it fit with my taste).
Is the price worth the item(is it overpriced or not).
how many items are ingame(discontinued?).

Keeping these 3 in mind always gets me what i like. trusting certain pc lists or prices of items or websites that dont belong to jagex will get you into trouble notice: external websites and trades are your responsibility, dont get fooled!.

21-Feb-2021 16:24:21

Be Classy

Be Classy

Posts: 80 Iron Posts by user Forum Profile RuneMetrics Profile
Generally the true defining factor in regards to valuation is scarcity. This is definitely the case in the real-world. You have commodities such as precious metals (not necessarily utilitarian as well) that command a high price tag by weight, vanity items such as cards, gemstones - though diamonds have an artificial scarcity. Then you have extravagant cases such as certain paintings, wristwatches, alcohol, luxury or old automobiles, etc - general higher-end Veblen goods.

In RuneScape, it does seem to be a different story, with utility &/or appearance taking a cardinal role in valuation, with scarcity following after. So the list goes as follows:

i) Aesthetics
ii) Utility
iii) Scarcity
iv) Discontinued status

Scarcity takes precedence over discontinued status - for an example look at fish masks - discontinued for years, high supply, low value.

There are edge cases when you look at items such as Half-Wines, which are priced extremely high solely due to their scarcity & discontinued status. However one thing to keep in mind is that they were undesirable & traded in the GE for a very long time. Another edge case is the Disk of Returning - scarce & discontinued, however no aesthetics or utility. "Those who dare to fail miserably can achieve greatly."
- John F. Kennedy

21-Feb-2021 16:55:15

I Jonyfrecle

I Jonyfrecle

Posts: 3,702 Adamant Posts by user Forum Profile RuneMetrics Profile
SturmKonig said :


Otherwise, the only thing about rare's I ask myself is: Will it blend?

If Tom Dickson says yes, then I'm all on it like mostly peaceful protestors on a high end retail storefront in New Yorks now abandoned shopping outlets.

Haha

Be Classy said :

Scarcity takes precedence over discontinued status - for an example look at fish masks - discontinued for years, high supply, low value.

There are edge cases when you look at items such as Half-Wines, which are priced extremely high solely due to their scarcity & discontinued status. However one thing to keep in mind is that they were undesirable & traded in the GE for a very long time. Another edge case is the Disk of Returning - scarce & discontinued, however no aesthetics or utility.

I disagree, if scarcity were more important than discontinued status 2a gear would be higher value, and by a lot...

If this thread is correct 17-18-824-66199235 and there really are only 75 of each piece in game, found since release 3 years ago,

then in theory, it will take another 37 years for there to be the same amount of a 2a piece as there are black santa hats (1k in game)

or another 197 years for them to reach the same rarity as christmas scythe (5k in game), which are valued at 15b and 2.5m respectively

discontinued status is definitely more important

21-Feb-2021 19:36:52 - Last edited on 21-Feb-2021 19:38:47 by I Jonyfrecle

Be Classy

Be Classy

Posts: 80 Iron Posts by user Forum Profile RuneMetrics Profile
You have to look at the bigger picture to see the comparison between scarcity and discontinued status.

Fish masks - Discontinued for 9 years, high supply, extremely low value
Christmas Tree hats - Discontinued for 9 years, mid-high supply, low value
2016 Summer Balloons - Discontinued for 5 years, high supply, low value
Crown of Seasons - Discontinued for 8 years, high supply, low value
Tokens (category) - Many have been discontinued for years, yet have a low value due to their abundance in supply
And the list goes on.

The comparison of supply vs discontinued status can be applied tentatively, and its weighting can vary depending on the particular item.

In the case of 2A gear, it fails catastrophically in the aesthetics category, with many individuals hating the appearance. There are considerably less 2A pieces than there are partyhats in the game, yet have low value. I can see your argument in regards to scarcity vs discontinued status here.

If you recall from back in the day, third-age druidic robes were traded in the GE for 600-800M- completely undesirable items. They looked like torn white robes, nothing special. Until one day they were bought off the GE by some individuals, making the items extremely difficult to acquire. They were traded for 10-14B on the street per piece, much higher than most partyhats at the time. This is a strong example of scarcity superseding discontinued status.

In the case of druidic's extravagant pricing, they became more desirable as the price rose. No one wanted it when it was traded in the GE, but it was extremely sought after the price went up 20x. A classic case of a Veblen good driven by the snob effect.

I hope you see my logic now, though I do agree with your choice of discontinued status preceding scarcity in some instances. "Those who dare to fail miserably can achieve greatly."
- John F. Kennedy

22-Feb-2021 00:40:21

Apatxe
Jun Member 2020

Apatxe

Posts: 1,616 Mithril Posts by user Forum Profile RuneMetrics Profile
Demand and supply. That's the only force behind any type of value in any type of market. I just laugh at the paragraphs above. Learn some economics. Buying all phats - Discord Apatxe#4487
DM your best offer.

22-Feb-2021 15:10:53

Evlien7

Evlien7

Posts: 183 Iron Posts by user Forum Profile RuneMetrics Profile
Tipperish said :
I am curious about what factors people consider to be most or least important when jt comes to the value of a rare item.

I'm also curious about what people think the market considers most important.

Some of the different factors I was thinking of, and also in this order of importance

Discontinued
Amount of item in the game
Wearable or not wearable
Aesthetics
Possible for re release or not

The most expensive item in the game is not wearable (Christmas Cracker)

The second expensive item in the game is wearable (Blue partyhat)

People loves any discontinued item , wearable or not.
Its a goal item of many people.


An easter egg or pumpkin can reach +2b value, it happened last year, some players got an amount of + hundreds of it, that are still daily online.

A santa hat is like now 2.9b? and you see it everywhere, its because of a nice look of it.

Gem cape is nowadays 4b, very rare , look is just another color structure from shadow gem cape that's 60m worth, that would be because the different of amount in the game.

24-Feb-2021 08:37:03

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