Millennial Musings — How I Value Cards On Quidd

Assumptions

To answer that question we need to put certain assumptions in place so we can be consistent while exploring the different methods people use,

Method One — Quidd Surgested Valuations

So when we want to list a card on Quidd for coins Quidd in their eternal wisdom provide us with lower and upper bounds of the value of the item we are looking to sell (or liquidate if we are talking in fancy business terms!). The issue with this is Quidd doesn’t do a good job of explaining where these values come from, The tooltip to get the explanation is hidden and the information given if you can find the tooltip is vague at best (and it’s still in Beta since I left the game years ago!).

Method Two — Past Sales And Current Listings

Past sales on the other hand are a far better way to assess the value of in-game items. Firstly they show real prices paid that other people have been prepared to pay. For instance, if all the listings sell for 626 coins (or whatever the minimum price currently is!) then it doesn’t make sense to list up the item for more than this (unless it’s a special print number!). In addition to the really solid sold prices on the history, they also provide an additional piece of information, how often the item is being sold. This in combination with the number of listings on the market can help you work out how long the card is likely to sit on the market and how competitive you need to be when listing a card up. For instance, if a card has only a few listings but is regularly being bought, you don’t need to be the cheapest on the market. On the flip side if there are plenty of cards on the market, and sales are slow on an item it might be best to undercut the lowest current price so yours is the one that is bought next time someone is looking for it!

Method Three — Cost To Pull

This method is really in here for completeness rather than being to be used in lots of situations. This is due to Quidd doing such a bad job of providing any of the information we need for the method to work. So for old cards, all you can find is the pack cost (assuming the item has not been traded too much) on the history of the cards:

Method Four — Ask Discord

Another method I was debating whether to include or not (not literally though I couldn’t find anyone to take the other point of view, So I had to do more typing) but due to Quidd pushing everyone to their Discord, it makes sense to mention. Basically, there is a channel (if that is the correct verbiage!) where you can ask people how much you should list your items for. This doesn’t really make sense to me for many reasons. Firstly what is the incentives for the other user to provide a realistic value, they are not rewarded on Discord or Quidd for providing this information, and this non-existent reward is not linked to the accuracy of the appraisal. So the only incentive for a user is to either get your card cheap and undervalue it so they can buy it, or to overestimate the price if they have also listed the item so theirs looks cheap and will more likely be bought. These could be rectified simply by Quidd providing a reward/recognition for providing accurate information and by blocking people from providing estimates for cards they have listed and stopping them from buying it after they provide an estimate. The issue is that I don’t see Quidd doing any of these things that make the feature more accurate, for two reasons. Firstly, the amount of effort to integrate enough with Discord to provide these features far outways the benefits to us users and secondly it would reduce the number of people providing appraisals! The latter is something that is already a challenge in the Discord, with lots of the asks for an appraisal being left un-answered! So, let’s assume that the incentives were there and lots of people are willing to provide estimates, would they have all the information that they need to provide a more accurate estimate than any of the methods that we talked about above and would they explain which method they used? I think not they are likely just to provide a price.

Method Five — The “If I Ever Have Too Much Time On My Hands And I Have Already Watch Paint Dry So I Have Created An Over The Top Complex Value Assessment” Method

Note: — Long section with lots of information but I am still working on how you can translate all of this to a single value, So use the advice to more accurately refine other approaches at the moment!

Appendix — Really big tables!

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Thomaswnorton

Thomaswnorton

A place for the musings of a data and technology obsessed millennial. Expect topics as varied as Stock Market, Horse Racing and K-Pop