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Thread: Unconverted Pet Sales are Deregulated

  1. #1
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    Unconverted Pet Sales are Deregulated

    Back in 2015, we established a pricing guideline for the sale or trade of unconverted pets in our marketplace which was intended to curtail dubious selling behavior and ensure that trades were fair. After five years with the same sweeping restrictions in place, there have been fluctuations in the interest, value, and quantity of unconverted pets that have given us cause to question the accuracy of that guideline. Unlike Neocash and Neopoint commodities, unconverted pets are a finite resource whose value differs greatly depending on a number of factors. Regulating based on dated appraisals, given the dwindling selection and increasing risk of ownership, is not sustainable. Rather than attempting to crowd-source pricing assessments, and in the interest of encouraging open exchange and healthy competition, we have enacted the following change:

    Effective immediately, the sale or trade of unconverted pets will no longer be regulated in our marketplace. You may list your unconverted pets for whichever price you think is fair, and negotiate that price freely to the satisfaction of all parties.

    Our hope is that by removing this regulation, we can facilitate safer options for exchanging unconverted pets than competing markets, where sellers and traders face no consequences for peddling high-risk unconverted pets.

    As always, we ask interested buyers and traders to think carefully about who you conduct business with in this, or any other community. If a deal seems like it's too good to be true, then it very well might be. Users on clraik with higher ranks (e.g. , , or ) and/or a large percentage of positive feedback are your safest bet.

    Good luck with your sales and trades, and please be careful out there!

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  3. #2
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    Thanks for the post! Is there any intention to deregulate the NC or NP markets in future? If not I was just wondering why the UC market in particular?

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    can we still have the list as suggested average prices? just for us to have as reference, like me, i've been thinking of selling some of my collection but i have no idea what to ask and having it to use as reference would be great

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    This could change EVERYTHING.

    Thanks for the update. This one should be interesting to watch!

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    Quote Originally Posted by Gotch View Post
    Thanks for the post! Is there any intention to deregulate the NC or NP markets in future? If not I was just wondering why the UC market in particular?
    This is essentially answered in the first post.
    (you need an account to see links)
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    [02/24/2013] Stealth CORE is made into the first standalone Neopets auto-player.
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  9. #6
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    Quote Originally Posted by Gotch View Post
    Thanks for the post! Is there any intention to deregulate the NC or NP markets in future? If not I was just wondering why the UC market in particular?
    Assuming that the community is willing to cooperate with an extensive discussion, then we're open to more accurate and encompassing price guidelines for Neocash items. The sale of Neopoints and Neopoint-salable items has always been a race to the bottom, and that is fundamentally not good for the economy. Contrasting with unconverted pets, consider the following:

    • our pricing guide was written by users who themselves were selling the greatest abundance of unconverted pets when it was written which, in retrospect, is an obvious conflict of interest

    • that pricing guide has not been updated since 2015

    • community reception to comprehensively revising the guide was lukewarm, and to be perfectly honest, we weren't interested in revising it ourselves because we don't know how those prices were determined in the first place

    • the quantity of unconverted pets has been greatly reduced in the past five years

    • the risk of owning an unconverted pet has greatly increased in the past five years

    • interest in certain varieties of unconverted pets fluctuates wildly

    Unconverted pets are a finite resource. New unconverted pets can't be created, and a portion of the Neopets community is seeking to destroy the current population. Our regulations didn't fix either of those problems. You can read more about what went into this decision in my original post.

    Quote Originally Posted by DrSloth View Post
    can we still have the list as suggested average prices? just for us to have as reference, like me, i've been thinking of selling some of my collection but i have no idea what to ask and having it to use as reference would be great
    Since those prices were woefully out of date, we don't feel that they accurately reflect any appropriate values for unconverted pets today. Furthermore, our staff no longer wishes to engage in price determination for unconverted pets. It isn't something that any of us is intimately familiar with, so we feel that it's better left to individuals to decide.

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    I understand better, thanks bat!

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