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Building a fair trade, part two. (Rare tokens)

By @ABigThingBadly

September 07, 2022 at 12:00 am UTC

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07.09.2022

In the previous post (“Building a fair trade, part one”) we talked about trading floor assets for each other. While that’s a useful starting point, it reflects relatively few real-world situations as just about every potential trade involves something that one party considers — accurately or not — above floor or even rare or even…gasp…a GRAIL.

This consists in our opinion of two parts. First, be honest — is this really a rare or above floor asset? The most useful data point is a recent sale well above floor for a Gutter that shares your rarest trait. If your trait is moving above floor on the regular, congrats! You’ve got a rare one and shouldn’t settle for any less than the market is regularly offering. And you should definitely mention these comparable sales (or ”comps”) to the person you’re negotiating with.

If not, your case is more tenuous. You can certainly assemble an argument based on data points including rarity rankings on sites like Rarity Tools or Rarity Sniper, or rarest trait rarity itself especially if that rarity is sub-1% of assets. But prepare for a lot of pushback, and flat-out refusal from savvier negotiators. And try to keep your feelings out of it, wish your counterparty well if they aren’t willing to pay a premium for your rare, and move on.

Using last sale of comparable rarity, floor of comparable rarity, etc., you should be able to arrive at a range of reasonable prices for your rare asset. This brings us to the second point: where on the range do you reasonably want to end up and how do you arrive there? Here are a few of the factors aside from the above that we’ve observed affect deal outcomes the most:

  • Who is more desperate, or presents as more desperate? More desperate = will pay more = you should start at the high end of the range
  • Is the buyer a collector or a P&L manager/flipper? Collector = will pay more = start higher
  • Does this complete a set, allow creation of an Epic 10KTF item or something like that that’s valuable to the potential buyer? Look to split those benefits as close to 50/50 as you can by increasing sell price and mentioning this unique benefit often

Let’s close with a situation, but with assembling the data into a strategy left for the reader. I will post this on my Twitter (@ABigThingBadly) and look forward to the debate! As part of it, you can ask me any questions on the thread about the fake seller, and I will answer.

Situation: you have a Gutter Dog with a crown and no other traits or metatraits of note. After tweeting that the dog is for sale, you get a DM from a fellow GCG holder asking about the dog. How do you respond and what do you offer?


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