Auction House PvP

This marks day two of my latest insanity, and so far, the payoff is already noticeable. After dedicating about three hours to studying glyphs, I made my first move into the glyph market on my main server, and the results have been surprising. I'm refining the list I initially drew up based on sales - those that sell, I'm posting three more and judging their performance after that point. The ones that don't sell, I'll be re-posting and keeping an eye on. I will not make more of the glyph until I am sold out, at this point, to avoid overstocking what turns out to be an unpopular choice.

I have by now come to recognize yet another auctioneer on my server by their name, and am now engaging in Auction House PvP with them as we speak ;D (I wish I could remember which blog I read that on first - I do agree that the Auction House is yet another form of PvP). So far, we've elbowed each other back and forth  in the Blacksmithing markets and such, and I'm curious if he's simply re-posting unsold merchandise or crafting more and undercutting. The action has been particularly drastic, ranging between 50 to 25 gold undercutting on his behalf. I always reply with a much less drastic cut in price when undercutting him, to try and teach by example. So far, in my opinion, I find it better to undercut by coppers, and no more than a couple gold. This will make you the better price, and put you at the top of the list, but won't cut into your profits too harshly, especially if someone like my new dear friend comes along and starts throwing the undercutting around like it was going out of style.

Part of me wonders if he's attempting to elbow me clear out of the market by making me unable to get the sales I'm after due to his erratic pricing behaviors, but I also wonder if his intent is irrelevant as long as I don't give up and keep perusing the dream. Well, that sounded corny.

But that's what it is. A dream, a desire, a goal. It's a good thing to have, especially while facing the End of the XPac Woes. I want to head into Cataclysm with a strong financial start, and I want to keep going strong throughout the next expansion.

Gold feels like a high score to me. They're points to acquire and later spend on rewards. The higher the score, the better the potential rewards, as well as the better the position for helping others.

But, what's the best approach to Auction House PvP? This feels like another thing I'll be learning on the quest for the gold cap. Any thoughts or pointers on the subject will be appreciated. :) 

For those who are curious, here's the most recent standings for my main server:

 

Abbreviated Screenshot.

It wasn't a phenomenal day, but considering that was made dipping into unfamiliar markets with little else, I'm happy with it.