Grand Exchange

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The Grand Exchange is a formal marketplace in northwest Varrock released on 26 November, 2007. Players can use the Exchange to buy or sell items while working on other activities in-game. Essentially, players post offers to buy or sell items with one of the Grand Exchange clerks, dressed in blue/purple-ish. Members are allowed to post six item slots' worth of offers at once, while free players are allowed two slots. The game will constantly try to match offers up to others made by players on every server, and when a transaction has been completed, players can collect the cash or items they received by selecting the new "collect" option at any bank, except the ones in Burgh De Rott. Also, the Culinaromancer's Chest and the chest at Castle Wars do not have a collect option. This also applies to any other bank chest in the game.

Tutorial

Players must complete a tutorial before being allowed to use the Grand Exchange. Two tutorials are available: one from the Grand Exchange tutor, the other from Brugsen Bursen, the founder of the Exchange. The former will give a more concise tutorial, while the latter will explain in detail how the Grand Exchange was founded.

People

There are a variety of NPCs found in the Exchange, each of which play a role in its business.

Around the edges of the Exchange are the tutor and Brugsen Bursen, mentioned above, along with five other people, each specializing in a particular kind of goods. Any one of them will give players the current market price range for the items in their respective item categories. Bursen will also give players current market price ranges.

Merchant	Field
Hofuthand	Weapons and armour
Bob Barter	Herbs
Relobo Blinyo	Logs
Farid Morrisane	Ores
Murky Matt	Runes

Prices

Prices of the Grand Exchange are sometimes different to those found when buying from the general store. The price you pay for items in the general store on the "player stock" side is set at the current "average" price for items on the Grand Exchange. These prices are usually around market price. However, players are only allowed to buy/sell for 5% above or below the market price, so merchanting is still more popular in banks. According to the Knowledge Base, prices are recalculated about once a day.

Since the Grand Exchange is in one place (Varrock), there is still going to be merchanting to places where there is a "local" demand for the items, such as special items needed for quests or equipment to perform specific skills.

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Players using the Grand Exchange.

If buyers offer more coins for an item than the sellers offer to sell the items for, then the price will be determined by the first offer listed (whether buyer or seller).

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the prices of weapons and armour

Price Movements

You can identify how the price of a particular item is likely to change through buying and selling items on the exchange. This is especially useful for commodity items like ores, runes, or food ingredients that you plan on buying or selling in large quantities.

If you plan on trying to sell something, you can try to sell the item for the maximum price possible on the exchange. If the price of the item is rising rapidly, you will be able to immediately sell the item at the highest possible price. It may be recommended to wait a few days to see if the price of that item may become more stable and keep testing the price over the next few days when this happens if you want to make the most amount of money off of your items. What this means is that so many people are trying to buy the item that they are bidding for the maximum price, and still not getting people to fill those requests.

On the other hand, if a price is falling rapidly, you can test this by trying to buy an item at the lowest possible price on the exchange. If you can buy the item immediately, that means there is a huge supply of items from many people wanting to sell the item, and nobody who is buying them up at nearly any price. If you are crafting or smithing items, this sort of situation is a bit more difficult, as waiting to sell the item is only going to see a lower price for the item. You can be somewhat comforted that there is a queue set up where the first bid to make a request for the item will be filled first when items are sold, and it may be possible that it simply is an item that is slow to sell. In other words, it may still be valuable, but people only occasionally buy it.

Bank

The Grand Exchange is also a bank, as there are bankers immediately next to the exchange clerks. This is especially useful for cooking due to the proximity of the Grand Exchange to the Cooking Guild, however there are several other banks nearby, reducing the impact of this banking location for purposes other than using the exchange. Still, moving items from the bank to the exchange is very rapid and only an extra mouse click away in most cases.

Music

• The Trade Parade

Tips

• Try selling raw materials such as Uncut Gems, and ores. Also, remember that just because something is for sale on the Grand Exchange doesn't mean someone will buy it right away.
• For bank sales involving lots of items, just try for quick sales on items by placing items up, and if they don't sell immediately (no matching buyer), then remove and try another item. After trying all items, then just leave up items that have not sold.

Notes

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The Grand Exchange allows players to buy and sell various items.

• The advantage of the Grand Exchange is that players may trade while you are offline, and you may trade to any world.

• Members are allowed six slots, but non-members are allowed only two slots.

• Lagging is common in popular worlds. This lagging can last up to 45 seconds on computers with fast internet. When using the Grand Exchange, it is recommended that players log in to low-populated worlds. Lagging causes some items to take longer to submit, and it also makes the option to abort a players offer unavailable until it is sold/bought.

• There are hundreds of people there, and lots of random events occur also. Players should be on the lookout for malicious random events that may catch them by surprise.

• The bar colour for an offer is blank for unmatched offers, green for fully completed offers, orange for partially completed offers and red for offers which are aborted.

Armour sets

The exchange clerks can also pack and unpack armour sets, allowing a full set of many armours to be traded or stored in a single space.

Examples:

• All metal, trimmed, gilded and god armors, in sets of full helm, plate, kite and legs or skirt
• Dragon armour, the set is medium helm, chain, legs or skirt
• Dragonhide (ranged armour) has a 3 piece set of body, chaps and vambraces

Basic free players wizard robes cannot be made into a set, but trimmed wizard robes can be made into a set. Many other armours can also be made into sets, though Barrows armou must be at 100% and complete with weapon.

Trivia

• The Grand Exchange seems to have the same functions as the Auction House on World of Warcraft.

• There was an easter egg where if players searched for "Thingy" in the item search pane, they would see many sapphire amulets listed with that same name. The item's description was simply be "Mabob", as in "thingymabob". This was fixed later, in a system update.

• If a player, who has completed Lunar Diplomacy, talks to the rune merchant Murky Matt, Murky will refer to how "pirates" were stuck for days and sailing around in circles.

• There is a trapdoor north-west of the Grand Exchange area. It currently has no use and will not let players open it.

• On its first day, the Grand Exchange was temporary off-line for a short time "to fix a couple of bugs". An update Update:Grand Exchange temp offline was on the RuneScape main page until it was back on-line when the update was taken off the main page. No items were lost by players as "items are actually looked after by an older system that has been working fine for years, rather than the new system". (One particularly amusing bug was that players could talk to non-Grand Exchange NPCs(Eg; Rick Turpentine) the same way they could to Grand Exchange clerks, this was quickly fixed when the Exchange was offline)

• When the exchange was released most prices weren't the same as the street prices at the time, now people estimate that the prices will even out in the next couple of months.

External links

• RuneScape Knowledge Base - Controls - The Grand Exchange

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