Today we will focus in on a potential market for us Auctioneers once MoP drops in a few weeks, leather! I mean, who doesn’t like leather? I buy it for my wife all the time, but that’s a different story!
Why leather? Theory: Once MoP drops we will see a new class, Monk. They are leather armor specialists. So the theory goes that a lot of these may in fact become Leatherworkers. Some of these will also take up Skinning, but I am betting many will not want to bother with it because they want to level their toon fast and by taking up skinning it will slow them down.
Does my theory hold water? Time will tell but I am willing to take the gamble for 2 reasons. First, if it is correct then we will see huge markups in leather as supply runs dry, something I love to see. Second, if it does not happen I will stay make good gold from it by flipping it at the right times, it will just take longer to make my pile o’gold.
Timing is everything. Right now on my server, I am seeing leather for cheap prices due to all the alts running around and people dumping inventory. So when supply is high and demand is low what happens? That’s right! Prices drop and we gold goblins grab all of the supply we can afford!
So my list, ok, it is not “my list” but rather a list provided to us from a leatherworking guide over at: http://www.wow-professions.com/wowguides/wow-leatherworking-guide.html
Here are the items needed to quickly level Leatherworking from 1-525:
- 57 Ruined Leather Scraps
- 15 Medium Hide
- 260 Light Leather
- 160 Medium Leather
- 20 Heavy Hide
- 195 Heavy Leather
- 410 Thick Leather
- 410 Rugged Leather
- 100 Knothide Leather Scraps
- 307 Knothide Leather
- 28 Fel Scales
- 320 Borean Leather
- 50 Savage Leather Scraps
- 375 Savage Leather
- 168 Heavy Savage Leather (840 Savage Leather)
- 68 Volatile Fire
- 8 Volatile Air
- 28 Volatile Water
- 32 Volatile Earth
All of this is just for 1 person wanting to level Leatherworking. Some of the items of note are; Medium Leather, Thick Leather, Rugged Leather, Knothide Leather, Borean Leather and Savage Leather. Prices on these could easily triple during the first few months of the expansion.
My strategy is simple; I am stockpiling the equivalent of enough leather to level 20 toons from 1-525. So take all these item counts and multiply it by 20. I figure that it is going to cost me about 6k gold per toon to level from 1-525 in just leather goods bought at the current cheap prices. So that is about 120k gold investment, or roughly 7% of my gold stock. If I am right about prices and timing then this could potentially bring me back 500k in leather alone! If I am wrong then I will still make 120k profit but it will probably take me 6 months instead of 2, either way I win!
What is your plan?
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