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{{External|os}}
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{{Otheruses|def=no|the wiki's database|RuneScape:Grand Exchange Market Watch}}
 
[[File:Grand Exchange banner.png|left|150px|Grand Exchange banner]]
 
[[File:Grand Exchange banner.png|left|150px|Grand Exchange banner]]
[[File:Grand Exchange HTML5.png|thumb|The Grand Exchange]]
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[[File:Grand Exchange.png|thumb|The Varrock Grand Exchange]]
[[File:Grand Exchange entrance.png|thumb|Entrance to the Grand Exchange]]
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[[File:Grand Exchange interface.png|thumb|The Grand Exchange interface]]
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The '''Grand Exchange''' (abbreviated as '''GE''') is a trading system for players to buy and sell almost all tradeable items. [[Members]] have eight grand exchange slots in which they may trade items, however [[Free-to-play|free players]] are limited to three. Traders do not need to advertise, meet each other, or even wait at the Grand Exchange for their trades to complete.
[[File:Ge corner.png|thumb|right|An image of a booth in the Grand Exchange]]
 
[[File:Grand Exchange interface.png|thumb|right|The Grand Exchange interface]]
 
The '''Grand Exchange''' (also abbreviated as '''GE''') is a trading system for players to buy and sell from each other almost every tradeable item. [[Members]] get six spaces in which they may trade items, but [[Free-to-play|free players]] are limited to two. Traders don't need to advertise, meet each other, or even wait at the Grand Exchange for their trades to finish. All [[coins]] and items from fully and partly finished trades are collectable at any [[bank]], but not at [[bank chest]]s (Except the one in Shantay Pass, Burthorpe, Combat Academy, the Clan Wars and Castle Wars lobby) nor at [[Deposit box|deposit boxes]]. Additionally, players will receive a message in their [[Chat|chatbox]] when the status of a trade offer is updated. This trading system resembles a real-life electronic assist exchange. Many players find it useful to sell items on the Grand Exchange rather than to a [[General Store]], as the profit margin is much larger for useful items.
 
   
 
All [[coins]] and items from fully and partially finished trades are collectible at any [[bank]], but not at [[bank chest]]s (excluding Shantay Pass, Burthorpe, Combat Academy, Clan Wars and Castle Wars lobby) and [[deposit box]]es. Additionally, players will receive a message in their [[chat]]box when the status of a trade offer is updated. Many players find it useful to sell items on the Grand Exchange rather than to a [[General Store]], as the profit margin is much larger for useful items.
The Grand Exchange also refers to the location of this trading system, which is an official marketplace northwest of [[Varrock]] city. It was released on [[26 November]] [[2007]] and has since replaced the older marketplaces in [[Varrock]] and [[Falador]] cities. It is a popular place and usually crowded. The Grand Exchange received a [[graphical updates|graphical update]] on [[9 August]] [[2011]] giving it a brand new image and design, along with a [[musician]].
 
   
 
The Grand Exchange also refers to the location of this trading system, which is an official marketplace northwest of [[Varrock]] city. It was released on [[26 November]] [[2007]] and has since replaced the older marketplaces in Varrock and [[Falador]] cities. It is a popular place and usually crowded. The Grand Exchange received a [[graphical updates|graphical update]] on [[9 August]] [[2011]] giving it a brand new image and design, splitting the central booth into 4 separate booths, and adding a [[musician]]. The Grand Exchange received a second graphical update on [[2 October]] [[2017]], which kept the style of the previous update, but integrated the four booths back into one central booth.
The Grand Exchange now also has two branches in [[Prifddinas]], one in the [[Tower of Voices]] and the other one inside the [[Max Guild]].
 
{{ToC|limit=1}}
 
{{Clear|Left}}
 
==General Information==
 
===Finding the Grand Exchange===
 
{{Relative location
 
|location = Grand Exchange
 
|north = [[Wilderness]]
 
|south = [[Cooks' Guild]]
 
|east = [[Varrock Palace]]
 
|west = [[Edgeville]]
 
}}
 
[[File:GEComplete.ogg|thumb|right|The sound clip played when an offer is completed.]]
 
[[File:Grand Exchange eastern entrance.png|thumb|The eastern entrance to the Exchange.]]
 
[[File:GE map.png|thumb|The Grand Exchange is located northwest of Varrock.]]
 
   
The Grand Exchange is located northwest of [[Varrock]], to the east of [[Edgeville]] both of which are located just to the south of the [[Wilderness]]. There are many ways to get there, including:
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The Grand Exchange has four branches, situated in north-western Varrock, the [[Tower of Voices]] in [[Prifddinas]], the [[Max Guild]] in Prifddinas and the [[Merchant district]] in [[Menaphos]].
* Walking from [[Varrock]] (with or without use of the [[Varrock Teleport]] spell).
 
* Teleporting to the [[air altar]] using the [[air altar teleport]] then walking to it.
 
* Using the tunnel northwest of the Grand Exchange (requires membership and level 21 agility).
 
* Using a [[canoe]] Station (requires level 12 woodcutting) to travel to either the [[Champion's Guild]] station or [[Barbarian Village]] station or [[Edgeville]] station and walking north, east or using the tunnel mentioned above.
 
* Using the [[mine cart]] northwest of the Grand Exchange (requires membership and having started the quest ''[[The Giant Dwarf]]'').
 
* Using the [[spirit tree]] northeast of the Grand Exchange (requires membership and having completed the quest ''[[Tree Gnome Village]]'').
 
* Using the [[fairy ring]] with the code "{{fairycode|DKR}}" (requires membership and having access to the fairy rings from the quest ''[[Fairy Tale Part II]]'').
 
* Using the spell ''[[Varrock Teleport]]'', or a [[Varrock Teleport]] tablet after changing its destination to south of the Grand Exchange (requires membership and having completed one set of [[Varrock Tasks]]).
 
* Using a charged [[Ring of Wealth|Ring of Wealth's]] teleport, which teleports you to the Grand Exchange entrance (requires membership).
 
* Using a charged [[Ring of Duelling]] to teleport to [[Mobilizing Armies|Mobilising Armies]] then using the spirit tree nearby to teleport to the North-east part of the Grand Exchange (requires membership).
 
* Using the Edgeville Lodestone and going through the north-west underwall tunnel (requires membership and level 21 [[agility]]).
 
   
  +
==Getting there==
The branches in Prifddinas are located in the Tower of Voices and in the Max Guild (Prifddinas requires membership and having completed the quest ''[[Plague's End]]'').
 
 
[[File:Grand Exchange map.png|thumb|The Grand Exchange's location, north-west of Varrock]]
* Tower of Voices
 
** Using the Prifddinas Lodestone which is in between the two booths inside the Tower of Voices.
 
** Using the spirit tree in the [[Crwys Clan]] section and walking west to the Tower of Voices (requires having completed the quest ''[[Tree Gnome Village]]'').
 
** Using the fairy ring with the code {{Fairy code|DJS}} in the [[Amlodd Clan]] section and walking east to the Tower of Voices (requires having access to the fairy rings from the quest ''[[Fairy Tale Part II]]'').
 
** Using the [[Gnome glider]] in the [[Meilyr Clan]] section and walking south to the Tower of Voices (requires having completed ''[[The Grand Tree]] quest'').
 
** Using a [[Crystal teleport seed]] to one of the Elven Clans and then walk to the Tower of Voices.
 
* Max Guild (requires 99 in all skills to enter)
 
** Either of aformentioned teleport methods and then walk to the Cadarnian south eastern section of the city.
 
** The teleport on the [[Max Cape|Max]], [[Completionist cape|Completionist]] and [[Trimmed Completionist Cape]].
 
   
  +
===Methods for free-to-play players===
===NPC Informants===
 
  +
* Teleport to [[Varrock]] (either via the [[Varrock Teleport]] spell or the [[Lodestone Network]]) and walk the rest of the way.
[[File:Ge musician.png|thumb|The musician at the Grand Exchange.]]
 
 
* Teleport to the [[Air Altar]] using an [[air altar teleport]], then walk north-east.
Around the Grand Exchange are five characters who show the current prices of various items.
 
  +
* Use a [[canoe]] to travel to the [[Barbarian Village]] station, then walk north-east.
  +
* Teleport using the [[Skull sceptre]] to outside the [[Stronghold of Security]], then cross the bridge to the east and walk north-east.
   
  +
===Methods for members===
Grand Exchange in Varrock
 
  +
* Use a [[ring of wealth]], [[ring of fortune]], [[luck of the dwarves]], or a [[Hazelmere's signet ring]], to teleport directly to the Grand Exchange.
*[[Farid Morrisane]] shows the prices of [[ores]].
 
  +
* Teleport to [[Edgeville]] via a method of choice (such as [[fairy ring]] code {{fairycode|DKR}}), then use the tunnel shortcut (requiring level 21 [[Agility]]) to crawl under the Grand Exchange's north-western wall.
*[[Relobo Blinyo]] shows the prices of [[logs]].
 
  +
* Use the [[mine cart]] system (requiring partial completion of [[The Giant Dwarf]]) to travel from [[Keldagrim]] to the trapdoor in the north-west corner of the Grand Exchange.
*[[Bob Barter]] shows the prices of [[herbs]]. He also [[decant]]s potions into full and empty vials. He can decant potions even if they are noted.
 
  +
* Use the [[spirit tree]] system (requiring completion of [[Tree Gnome Village]] quest) to travel from any spirit tree to the one in the north-east corner of the Grand Exchange.
*[[Murky Matt]] shows the prices of [[runes]]. He also "decants" charged items into full and empty charges.
 
  +
* Talk to the [[Grand Exchange clerk]]s in the Tower of Voices and Max Guild in [[Prifddinas]], who offer free teleports to the Grand Exchange in Varrock.
*[[Hofuthand]] shows the prices of certain weapons and armours. (See picture for details.)
 
   
 
==History==
Tower of Voices in Prifddinas
 
 
{{Main|Grand Exchange/History}}
*[[Rhobert Dail]] shows the prices of [[herbs]]. He also [[decant]]s potions into full and empty vials. He can decant potions even if they are noted. He is essentially the elven version of Bob Barter.
 
*The [[Grand Exchange clerk]] at the north western booth closest to the bonfire balcony is able to teleport the player to the Grand Exchange in Varrock with a chat option.
 
   
  +
==Non-player characters==
There are no special NPC's at the Grand Exchange inside the Max Guild in Prifddinas besides the regular clerks and bankers.
 
 
[[File:Musician (Grand Exchange).png|120px|right|The musician at the Grand Exchange.]]
 
Apart from [[banker]]s and [[Grand Exchange clerk]]s, there are non-player characters at the Grand Exchange who show the current prices of various items.
   
 
In the Grand Exchange in [[Varrock]]:
===Item sets===
 
{{main|Item set}}
 
Most armour sets and the [[dwarf multicannon]] can be assembled into sets to save space. They behave like ordinary items except that they cannot be worn or used until they are disassembled. Only the Grand Exchange clerks can assemble and disassemble sets, and they will do this an unlimited number of times for free. Right-clicking a set and selecting "destroy" will '''not''' disassemble it. You can also try to right click the banker and go to the sets.
 
   
 
* [[Farid Morrisane]] shows the prices of [[ores]].
===Pricing===
 
 
* [[Relobo Blinyo]] shows the prices of [[logs]].
[[File:Gepricesweps.png|thumb|An NPC informant displaying the prices of certain weapons and armours. The cubes are item sets.]][[File:GE Gnome scarf history.png|thumb|Price of Gnome Scarf over a 30 day period.]]
 
 
* [[Bob Barter]] shows the prices of [[herbs]]. He also [[decant]]s potions into full and empty vials. He can decant potions even if they are noted.
Prices are partly governed by the [[Wikipedia:Law of supply and demand|''Laws of Supply and Demand:'']]
 
 
* [[Murky Matt]] shows the prices of [[runes]]. He also "decants" charged items into full and empty charges.
 
* [[Hofuthand]] shows the prices of certain weapons and armours. (See picture for details.)
   
 
In the [[Tower of Voices]] in [[Prifddinas]]:
*If an item is in high demand with low supply, then its price will increase.
 
 
* [[Rhobert Dail]] shows the prices of [[herbs]]. He also [[decant]]s potions into full and empty vials. He can decant potions even if they are noted. He is essentially the elven version of Bob Barter.
*If an item is in low demand with high supply, then its price will decrease.
 
 
* The [[Grand Exchange clerk]]s at both the north-western and south-eastern booths are able to teleport the player to the Grand Exchange in Varrock with a chat option.
*If an item's demand matches its supply, then its price will stay the same.
 
   
 
There are no special NPC's at the Grand Exchange inside the Max Guild besides regular clerks and bankers.
Jagex has never published the Grand Exchange's exact pricing algorithms, although there are some reasonable guesses. By using the laws of supply and demand, the prices of items are updated depending on its recently traded prices and volume. For items with low volume such as partyhats, their prices update every few days or even once a week. Jagex can also intervene and set the prices themselves, and they reserve the right to intervene when they believe price manipulation is occurring on an inexcusable scale.
 
   
 
===Item sets===
Because of an update on [[1 February]] [[2011]], there are no longer trade restrictions, however there are guide prices and buttons to increase or decrease your offer on the item by 5%, as well as set a custom offer.
 
 
{{main|Item set}}
 
Most armour sets and the [[dwarf multicannon]] can be assembled into sets to save space. They behave like ordinary items except that they cannot be worn or used until they are disassembled. Only the Grand Exchange clerks can assemble and disassemble sets, and they will do this an unlimited number of times for free. Right-clicking a set and selecting "destroy" will not disassemble it. Players can also try to right click the banker and go to the sets.
   
 
==Pricing==
====Trading Tips====
 
 
[[File:Gepricesweps.png|thumb|An NPC informant displaying the prices of certain weapons and armours. The cubes are item sets.]]
<small>For the Runescape Wiki price guide, see ''[[Grand Exchange Market Watch]].''</small>
 
  +
[[File:GE Gnome scarf history.png|thumb|Price of Gnome Scarf over a 30 day period.]]
 
Jagex has never published the Grand Exchange's exact pricing algorithms, although there are some reasonable guesses. By using the laws of supply and demand, the prices of items are updated depending on its recently traded prices and volume. For items with low volume such as partyhats, their prices update every few days or even once a week. Jagex can also intervene and set the prices themselves, and they reserve the right to intervene when they believe price manipulation is occurring on an inexcusable scale.
   
 
Because of an update on [[1 February]] [[2011]], there are no longer price restrictions, however there are guide prices and an upper limit on how many of an item players can buy at once.
*Worlds 2 and 3 for members and non-members, respectively, are popular worlds for trading items without using the Grand Exchange, especially items such as [[Partyhat]]s and any other items which are worth more than the limit of coins one may possess (2,147,483,647), which requires item bartering to make up for the deficiency between the aforementioned limit and the item's actual worth.
 
*Competing offers in the same price range are prioritized chronologically, so making offers early will grant availability to have your items bought/sold before anyone else.
 
*All offers are completed using the earlier offer's price. In other words, when the buyer's price is above or at the same amount of coins as the seller's price, the trade is completed using the earlier offer's price, so also consider making your offers later.
 
*To bargain, you can wait to see whether your offer is accepted and then change your price accordingly.
 
*Price manipulation is possible even with the Grand Exchange, so be careful. (See section ''Price Manipulation'' below for details.)
 
*Changing the buying offer of a product by 5% over market will generally increase the chance of buying quickly, the same is true while selling an item at 5% under market.
 
   
==Trade restrictions ==
+
==Trade restrictions==
 
All trade restrictions are intended to reduce price manipulation, real-world trading, and/or unfair interactions between players with different levels. On the issue of price manipulation, Jagex said, "We are keen to keep a player-driven economy, so the prices are worked out using the supply and demand rules above. We will only intervene as a last resort, and only if we think price manipulation is going on, although the system has lots of safeguards to prevent that."{{CiteGeneral |url = http://www.webcitation.org/63IfQzey0|title = Controls - The Grand Exchange|author = Jagex|publisher = ''RuneScape'' Game Guide|accessdate = 16:20, May 4, 2012 (UTC)|name = }} Trade restrictions are those safeguards. On [[1 February]] all price ''(but not necessarily trade)'' restrictions were removed. Trial members had a trade restriction on the grand exchange of 50 of certain items. This prevented new accounts from being made simply to use the 6 Grand Exchange slots available to members, for merchanting/flipping.
 
All trade restrictions are intended to reduce price manipulation, real-world trading, and/or unfair interactions between players with different levels. On the issue of price manipulation, Jagex said, "We are keen to keep a player-driven economy, so the prices are worked out using the supply and demand rules above. We will only intervene as a last resort, and only if we think price manipulation is going on, although the system has lots of safeguards to prevent that."{{CiteGeneral |url = http://www.webcitation.org/63IfQzey0|title = Controls - The Grand Exchange|author = Jagex|publisher = ''RuneScape'' Game Guide|accessdate = 16:20, May 4, 2012 (UTC)|name = }} Trade restrictions are those safeguards. On [[1 February]] all price ''(but not necessarily trade)'' restrictions were removed. Trial members had a trade restriction on the grand exchange of 50 of certain items. This prevented new accounts from being made simply to use the 6 Grand Exchange slots available to members, for merchanting/flipping.
 
<references />
 
<references />
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===Buying rates===
 
===Buying rates===
 
{{Main|Grand Exchange/Buying limits}}
 
{{Main|Grand Exchange/Buying limits}}
 
{{Limit lookup calc}}
 
Buying rate is restricted to a certain quantity every 4 hours.
 
Buying rate is restricted to a certain quantity every 4 hours.
 
Some items have a connected limit, meaning that players can only buy a certain amount of either item, or a mix of the two up to a particular point:
{{Limit lookup calc}}
 
  +
* Metal armour (bronze through rune) share a limit of 100 between the pieces that make up the armour sets, although bronze through adamant platebodies have a separate limit of 500
Some items have a connected limit, meaning that you can only buy a certain amount of either item, or a mix of the two up to a particular point:
 
*Metal armour (bronze through rune) share a limit of 100 between the pieces that make up the armour sets, although bronze through adamant platebodies have a separate limit of 500
+
* Dragon armour shares a limit of 10 between all set pieces
  +
* Dragonhide armour of the same colour, including sets (although the sets have a limit of 100)
*Dragon armour shares a limit of 10 between all set pieces
 
*Dragonhide armour of the same colour, including sets (although the sets have a limit of 100)
+
* Treasure Trails armour that makes up a set shares a limit of 2
 
* Barrows armour shares a limit between repaired pieces, broken pieces, and the item sets of the same brother's armour
*Treasure Trails armour that makes up a set shares a limit of 2
 
 
* All parts of godswords (swords, hilts, blades, shards)
*Barrows armour shares a limit between repaired pieces, broken pieces, and the item sets of the same brother's armour
 
 
* Saradomin Swords and Zamorakian Spears
*All parts of godswords (swords, hilts, blades, shards)
 
 
* Both types of chinchompas
*Saradomin Swords and Zamorakian Spears
 
 
* Enchanted and unenchanted gem-tipped bolts
*Both types of chinchompas
 
 
* All doses of the same kind of potion (with the exception of [[prayer renewal]])
*Enchanted and unenchanted gem-tipped bolts
 
  +
* Any type of Godwars items (Bandos, Armadyl, Subjugation) has a trade limit of one every four hours. (Not Including Godswords)
*All doses of the same kind of potion (with the exception of [[prayer renewal]])
 
   
 
===Tradeable items that cannot be traded using the Grand Exchange===
 
===Tradeable items that cannot be traded using the Grand Exchange===
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* [[Squeal of Fortune/Rewards/Limited|Cinco de Mayo]] <ref name="mayo">[[Avocado sauce]], [[Bean puree]], [[Spicy pepper sauce]] and [[Soured Cream]]</ref><ref name="updated">Made untradeable after the promotion</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
 
* [[Squeal of Fortune/Rewards/Limited|Cinco de Mayo]] <ref name="mayo">[[Avocado sauce]], [[Bean puree]], [[Spicy pepper sauce]] and [[Soured Cream]]</ref><ref name="updated">Made untradeable after the promotion</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
 
* [[Lamp of the Djinn|Lamp parts]] <ref name="Remove">Removed from game.</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
 
* [[Lamp of the Djinn|Lamp parts]] <ref name="Remove">Removed from game.</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
* [[Crown of Seasons]] parts <ref name="cos">[[Charred branches]], [[Fallen leaves]], [[Flourishing seeds]] and [[Lush blossoms]]</ref><ref name="Remove">Removed from game.</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
+
* [[Crown of Seasons]] parts <ref name="Remove">Removed from game.</ref><ref name="cos">[[Charred branches]], [[Fallen leaves]], [[Flourishing seeds]] and [[Lush blossoms]]</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
 
* [[Wolf blood]] <ref name="Remove">Removed from game.</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
 
* [[Wolf blood]] <ref name="Remove">Removed from game.</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
 
* [[Golden chinchompa|Golden chinchompa feed]] <ref name="updated">Made untradeable after the promotion</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
 
* [[Golden chinchompa|Golden chinchompa feed]] <ref name="updated">Made untradeable after the promotion</ref> - [[Squeal of Fortune/Rewards/Limited|Squeal of Fortune]]
  +
* [[Golem outfit]]s - [[Treasure Hunter/Rewards/Limited|Treasure Hunter]]
  +
* [[Ethereal outfit]]s - [[Treasure Hunter/Rewards/Limited|Treasure Hunter]]
  +
* [[Shark outfit (disambiguation)|Shark outfits]] - [[Treasure Hunter/Rewards/Limited|Treasure Hunter]]
   
 
'''Other'''
 
'''Other'''
* [[Afro]]s from [[Party Pete]]
 
 
* [[Amulet of glory]]<ref name="glory">Also applies to the [[Amulet of glory (t)]].</ref> (1 - 3)
 
* [[Amulet of glory]]<ref name="glory">Also applies to the [[Amulet of glory (t)]].</ref> (1 - 3)
 
* [[Ancient artefacts]] from [[Revenants]]
 
* [[Ancient artefacts]] from [[Revenants]]
* [[Bagged plant]]s from [[Garden Centre]]
+
* [[Bagged plant 2]] and [[bagged plant 3]] from [[Garden Centre]]
 
* [[Black mask]] (1 - 9)
 
* [[Black mask]] (1 - 9)
 
* [[Bottle of wine]] from [[Fortunato's Fine Wine]] in [[Draynor]].
 
* [[Bottle of wine]] from [[Fortunato's Fine Wine]] in [[Draynor]].
Line 146: Line 118:
 
* [[Burnt food]]s from [[Cooking]]
 
* [[Burnt food]]s from [[Cooking]]
 
* [[Castle wars brace]] (2)
 
* [[Castle wars brace]] (2)
  +
* [[Cavalier and mask]]
 
* [[Coins]]
 
* [[Coins]]
  +
* [[Cursed energy]]
 
* [[Cursed magic logs]] from the [[Spirit Realm]]
 
* [[Cursed magic logs]] from the [[Spirit Realm]]
 
* [[Diango's Toy Store]]<ref name="Diango">[[Bouquet]], [[Bubble maker]], [[Celebration cake]], [[Celebration candles]], [[Confetti]], [[Diamond jubilee souvenir flag]]s, [[Diamond jubilee souvenir hat]]s, [[Firecracker]], [[Firework]], and [[Souviner cup]]</ref>
 
* [[Diango's Toy Store]]<ref name="Diango">[[Bouquet]], [[Bubble maker]], [[Celebration cake]], [[Celebration candles]], [[Confetti]], [[Diamond jubilee souvenir flag]]s, [[Diamond jubilee souvenir hat]]s, [[Firecracker]], [[Firework]], and [[Souviner cup]]</ref>
Line 159: Line 133:
 
* [[Magical egg]]s
 
* [[Magical egg]]s
 
* [[Pharaoh's sceptre]] (1 - 2)
 
* [[Pharaoh's sceptre]] (1 - 2)
* [[Portable skilling station]]s
 
 
* [[Ring of duelling]] (2 - 7)
 
* [[Ring of duelling]] (2 - 7)
 
* [[Ring of wealth]] (1 - 3)
 
* [[Ring of wealth]] (1 - 3)
Line 167: Line 140:
 
* [[Skills necklace]] (1 - 3)
 
* [[Skills necklace]] (1 - 3)
 
* [[Tankard]]
 
* [[Tankard]]
  +
* [[Tuska mask]] parts
 
* [[Uncut lapis lazuli]]
 
* [[Uncut lapis lazuli]]
 
* [[Unfinished wooden brooch]]es
 
* [[Unfinished wooden brooch]]es
 
* [[Weed]]s - [[Farming]]
 
* [[Weed]]s - [[Farming]]
 
 
<references />
 
 
==Economic Effects==
 
=== The Grand Exchange reduces the need for constant merchanting ===
 
The Grand Exchange has made merchanting almost obsolete, by relatively reducing the average transaction costs of buying and selling most items. This money is said to be made up for by the convenience and ease of trading through the grand exchange. Transaction cost is the cost of finding someone to trade with, bargaining, enforcing a trade agreement, and transferring the agreed goods and/or services, all of which are expedited by The Grand Exchange. The list below illustrates how the grand exchange does this.
 
 
#Unlike a shop or player, the Grand Exchange does not make a profit.
 
#The Grand Exchange finds someone to trade. It searches every offer on every world. This has a drastic effect on the prices of many common items. For example, if you have to find a buyer yourself, items like bones are relatively expensive, usually around 215 coins each (many players choose not to farm them, as they only drop from low-level mobs who have little other valuable loot). With the Grand Exchange, the common marketplace makes them worth {{GEP|Bones}} coins. The same effect can happen in reverse, where a greatly varied price becomes either a much lower or a much higher uniform price.
 
#The Grand Exchange removes the necessity of long, often unfruitful searching and bargaining ventures. If the buyer bids higher or equal to the seller’s asking price, then the Grand Exchange instantly completes the trade. If not, then it will wait until there is a suitable transaction. More often than not, players can get away with buying things for much less than the listed price, and sell for much more than the listed price (see [[Advanced Trading Guide]]) granted that they don't mind waiting. It is for this reason that many people choose to sell or buy items before going to sleep, as The G.E has more time to find these transactions. This removes most negotiation and communication opportunity with regards to item pricing between players.
 
#Time taken selling is greatly reduced. It is worth noting that not only is the trade normally completed in much less time, an item waiting to be sold on the Grand Exchange takes up none of the players time, as the player is not fully preoccupied by the transaction. Whilst attempting to sell items to players, a time investment is needed to sell items to make a profit on the grand exchange it takes next to no time whatsoever.
 
#The Grand Exchange transfers the items halfway. Although a player still has to obtain the items and bring them to the marketplace, the Grand Exchange will bring completed offers straight to the collection box (at any bank).
 
This of course is still only true for when the Grand Exchange prices match the items' generally percieved value. Though most of the time the G.E lists agreeable prices, in situations where an item is worth more or less than what it is worth on the grand exchange, merchants can still do business.
 
 
==Price manipulation==
 
Any attempts to directly affect an item's price on the Grand Exchange takes an enormous amount of money and time, which is why it is considered unprofitable in most cases. Price manipulation seems to follow a pattern consistent with two main types and several subtypes; they are categorized differently because they work somewhat differently. The two main types are ''disclosure-based manipulation'' and ''trade-based manipulation''.
 
 
===Disclosure-based manipulation===
 
This occurs where a person discloses false or misleading information which has the effect of misleading other participants about the value or trading volume of a security. Every tradeable item in RuneScape is a ''security''. Disclosure-based manipulation is fraud.
 
 
====Pyramid scam====
 
How some [[merchant clan]] leaders use a pyramid scam on people, in five steps:
 
#Some merchant clan leaders secretly buy lots and lots of the same item.
 
#They recruit and mislead people into buying the same item at a higher price, thus raising the item's price.
 
#They encourage people to recruit even more people, thus creating a pyramid.
 
#They set a "dump price" for everyone to sell.
 
#They either secretly sell their item before this dump price is reached, or they suddenly announce a new dump price; in both cases many people are still buying the item. What these people are misled into buying is the item they are secretly or suddenly dumping.
 
 
The merchant clan leader (and any of his or her trusted friends/ranks in the clan) may make millions of coins in this way. They'll set the price of for example, 1,000 coins per item, to be dumped at 10,000 coins. They themselves will buy the item for 1,000 - 1,200 coins each and wait until it rises to 5,000 coins, and they'll sell the items. If the clan is big, this won't affect their merchant, or they can blame another clan.
 
 
===Trade-based manipulation===
 
"This is the buying or selling of a security by a person [or group] which influences or misleads other participants' perception of the value or trading volume of that security.” It has many subtypes, but only two significantly affect the Runescape economy: ''matched orders'' and ''corners''.
 
 
====Matched orders, pools, and wash sales====
 
Someone places an order to buy, and matches it with an order to sell: the buyer and seller are the same person. This transaction is fake because nothing is really being transferred. Matched orders manipulate prices by faking a supply and demand. A group can do this too.
 
 
Matched orders also mislead other people into overestimating the trading activities of the security that’s being manipulated, and thus—for slightly technical reasons—mislead them into underestimating the transaction cost of that security.
 
 
Matched orders and genuine orders are currently nearly impossible to differentiate on Runescape. We can only imagine account #1 posting an order to buy a dragon pickaxe for an unusual price, and account #2 selling it for a similarly unusual price. Repeated enough times and the price isn’t so unusual anymore, and that’s when the manipulation succeeded. We can also only imagine 2 million lobsters being bought and sold for the same price on the Grand Exchange, and so the Grand Exchange accounts for those numbers when it updates the price of lobsters, but the Grand Exchange currently doesn’t know whether the buyers and sellers were the same person. We don’t either. Again, matched orders and genuine orders are currently nearly impossible to differentiate on Runescape.
 
 
This is no longer possible because the Grand Exchange works such that buyers get the best offer , and sellers get the best offer they can get.
 
 
====Corners or squeezes====
 
Someone buys something, raises its price, and then sells it to another person. In this transaction, a cornering merchant intends to raise price by merely monopolizing his or her competitors, whereas a genuine merchant intends to raise price by at least decreasing the overall transaction cost. (Transaction cost is the cost of conducting a trade: the time and effort of finding someone to trade with, bargaining and enforcing a trade agreement, and transferring the goods and/or services.) Corners manipulate prices by monopolizing a security in a way that increases its overall transaction cost, and this additional transaction cost burdens other buyers but not the manipulator. Again, a group can do this too.
 
 
A corner is where “a person [or group] buys up a substantial volume of a security knowing that other market participants will be forced to buy from him at a higher price.” Other buyers are forced to buy from a cornering merchant because they are left with few alternatives; the manipulator had already monopolized his competitors. By contrast, other buyers are not forced to buy from a genuine merchant because of two reasons: first, a genuine merchant often has competitors or the threat of potential competitors; second and most importantly, a genuine merchant saves them some trouble of finding someone to trade with, bargaining and enforcing a trade agreement, and transferring the goods and/or services.
 
   
 
==Scamming==
 
==Scamming==
 
{{Main|Scams}}
 
{{Main|Scams}}
 
There continues to be much activity around the Grand Exchange as a main area for some players to operate scams, manipulate other players into giving away items or money and the age-old luring of players to areas they can be killed and their items taken.
 
There continues to be much activity around the Grand Exchange as a main area for some players to operate scams, manipulate other players into giving away items or money and the age-old luring of players to areas they can be killed and their items taken.
 
==Alternate Views on Price Manipulation==
 
 
Some players argue that price manipulation is legitimate when not directly misleading other players. For example, while few would defend pyramid style clan manipulation, many would argue that solo merchandising with the effect of price manipulation is valid.
 
 
A common justification is that buyers and sellers have final say of their decision to make a transaction. Players buy items for what it is worth to them, and are aware of the price they are offering.
 
 
=="Legitimate" Grand Exchange Merchandising==
 
 
One should keep in mind that though many people share similar opinions regarding the RuneScape economy, it is still largely a player-created game. What people consider to be "legitimate" trading is entirely subjective. However, considering many players' views on economic manipulation, "legitimate" seems to entail a lack of malice or intentional damaging of the economy for personal gain. Legitimate merchandising on the Grand Exchange is not impossible, although which methods are considered legitimate is a matter of opinion.
 
 
Legitimate methods include investing in an item at a low price and waiting for the price to rise after a time before selling. Flipping can also be legitimate as arguably convenience is provided as a service to the buyers and sellers. For example, the seller is impatient to sell rune plate-bodies, and therefore prices them low. The merchant buys the rune plate-bodies from the seller, providing convenience to the seller in exchange for the potential to profit. The merchant then sells the rune plate-bodies to an impatient buyer, thus providing convenience as a service.
 
 
Price manipulation may occur if flipping is done in bulk, either unintentionally as a side affect, or intentionally as a means of increasing profits.
 
 
==History==
 
{{Main|Grand Exchange/History}}
 
   
 
==Trivia==
 
==Trivia==
  +
{{Listen
*On [[2 July]] 2011 a [[Falling rocks|huge rock]] appeared at the Grand Exchange. It had no use and it could not be examined or interacted with in any way. It was a teaser for the [[Clan Citadel]] update, and was removed when Citadels were added to the game.
 
  +
|filename=Grand Exchange offer completed.ogg
*If players attempt to set up a cannon in the Grand Exchange, [[Brugsen Bursen]] will tell players "My area is for peaceful trading. Play with your toy somewhere else!"
 
  +
|align=right
*It is possible to buy your own item from the Grand Exchange.
 
  +
|desc=
*There are no items which start with the letter Q or X in the Grand Exchange.
 
  +
|title=The jingle that plays when an offer is completed.
 
}}
  +
{{Listen
  +
|filename=Grand Exchange offer updated.ogg
  +
|align=right
  +
|desc=
  +
|title=The jingle that plays when an offer is updated.
  +
}}
 
* On [[2 July]] [[2011]] a [[Falling rocks|huge rock]] appeared at the Grand Exchange. It had no use and it could not be examined or interacted with in any way. It was a teaser for the [[Clan Citadel]] update, and was removed when Citadels were added to the game.
 
* If players attempt to set up a cannon in the Grand Exchange, [[Brugsen Bursen]] will tell players "My area is for peaceful trading. Play with your toy somewhere else!"
 
* It is possible for the seller to buy their own item from the Grand Exchange, even after reaching the buy limit.
 
* There are no items which start with the letter Q or X in the Grand Exchange.
  +
* There appears to be a [[training sword]] on the counter of the Grand Exchange buildings.
  +
* [[Summoning familiars]] are hidden in the Grand Exchange.
  +
* Examining any of the Grand Exchange pipes gives the message: "There seems to be a balled-up piece of purple paper stuck in there." It's a reference to the [[Ancient page 1|Ancient pages]].
  +
* Before the Grand Exchange was added, most of the area was a giant forest behind the cobblestone fence now reduced west of the Grand Exchange. The Outlaw Camp was located a bit west of where Lucien's house used to be, and Lucien's house was located near the wall of Varrock Palace. [[Doorways]] previously unlocked here until becoming a wilderness song upon the release of RuneScape 3.
  +
* In late [[February]] [[2017]], there was an ingame poll that asked players if the Varrock Grand Exchange should have one booth. The results were: One single booth - 49%; Leave as is 31%; I don't mind 19% (total number of votes 99,497)
  +
* The Grand Exchange underwent a rework at [[2 October]] [[2017]], merging the small booths from the corners, into a large, central booth.
  +
* Guides at the original Grand Exchange now reside in the four corners.
  +
* Since there are an uneven number of guides and an even number of corners, the [[Runes]] guide resides on the east side of the Grand Exchange, with a tree to the west, to keep symmetry.
   
 
==Gallery==
 
==Gallery==
 
<gallery>
 
<gallery>
Grand Exchange.png|The fountain in the centre of the Grand Exchange
+
Grand Exchange entrance.png|The southern entrance to the Grand Exchange
 
Grand Exchange eastern entrance.png|The eastern entrance to the Exchange
File:Ge corner detail.png|A detailed image of the insides of a booth
 
File:Ge fountain detail.png|A detailed image of the fountain in the center
+
Ge corner.png|A booth in the Grand Exchange
 
Christmas GE.png|The Entrance to the Grand Exchange during Christmas 2011
 
Christmas GE.png|The Entrance to the Grand Exchange during Christmas 2011
 
File:Grand Exchange Christmas 2011.png|The centre during Christmas 2011
 
File:Grand Exchange Christmas 2011.png|The centre during Christmas 2011
Christmas 2012 GE.png|The Exchange during christmas 2012
+
Christmas 2012 GE.png|The Exchange during Christmas 2012
 
Grand Exchange (Christmas 2013).png|The Grand Exchange during Christmas 2013.
 
Grand Exchange (Christmas 2013).png|The Grand Exchange during Christmas 2013.
  +
Grand Exchange (Christmas 2017).png|The Grand Exchange during Christmas 2017.
 
</gallery>
 
</gallery>
   
== See also ==
+
==See also==
*[[Grand Exchange Market Watch]]
+
* [[Grand Exchange Market Watch]]
*[[Grand Exchange Database]]
+
* [[Grand Exchange Database]]
 
{{WP also|Commodities exchange}}
 
   
== References ==
+
==References==
 
{{reflist}}
 
{{reflist}}
  +
[[de:Große Markthalle]]
[[de:Große Markthalle]][[no:Grand Exchange]][[es:Grand Exchange]][[nl:Grand Exchange]][[fi:Grand Exchange]][[pl:Grand Exchange]]
 
 
[[no:Grand Exchange]]
 
[[es:Grand Exchange]]
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[[nl:Grand Exchange]]
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[[fi:Grand Exchange]]
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[[pl:Grand Exchange]]
 
[[Category:Grand Exchange| ]]
 
[[Category:Grand Exchange| ]]
 
[[Category:Varrock]]
 
[[Category:Varrock]]

Latest revision as of 15:32, 3 March 2019

For the wiki's database, see RuneScape:Grand Exchange Market Watch.
Grand Exchange banner
Grand Exchange

The Varrock Grand Exchange

Grand Exchange interface

The Grand Exchange interface

The Grand Exchange (abbreviated as GE) is a trading system for players to buy and sell almost all tradeable items. Members have eight grand exchange slots in which they may trade items, however free players are limited to three. Traders do not need to advertise, meet each other, or even wait at the Grand Exchange for their trades to complete.

All coins and items from fully and partially finished trades are collectible at any bank, but not at bank chests (excluding Shantay Pass, Burthorpe, Combat Academy, Clan Wars and Castle Wars lobby) and deposit boxes. Additionally, players will receive a message in their chatbox when the status of a trade offer is updated. Many players find it useful to sell items on the Grand Exchange rather than to a General Store, as the profit margin is much larger for useful items.

The Grand Exchange also refers to the location of this trading system, which is an official marketplace northwest of Varrock city. It was released on 26 November 2007 and has since replaced the older marketplaces in Varrock and Falador cities. It is a popular place and usually crowded. The Grand Exchange received a graphical update on 9 August 2011 giving it a brand new image and design, splitting the central booth into 4 separate booths, and adding a musician. The Grand Exchange received a second graphical update on 2 October 2017, which kept the style of the previous update, but integrated the four booths back into one central booth.

The Grand Exchange has four branches, situated in north-western Varrock, the Tower of Voices in Prifddinas, the Max Guild in Prifddinas and the Merchant district in Menaphos.

Getting there

Grand Exchange map

The Grand Exchange's location, north-west of Varrock

Methods for free-to-play players

Methods for members

History

Non-player characters

The musician at the Grand Exchange.

Apart from bankers and Grand Exchange clerks, there are non-player characters at the Grand Exchange who show the current prices of various items.

In the Grand Exchange in Varrock:

In the Tower of Voices in Prifddinas:

  • Rhobert Dail shows the prices of herbs. He also decants potions into full and empty vials. He can decant potions even if they are noted. He is essentially the elven version of Bob Barter.
  • The Grand Exchange clerks at both the north-western and south-eastern booths are able to teleport the player to the Grand Exchange in Varrock with a chat option.

There are no special NPC's at the Grand Exchange inside the Max Guild besides regular clerks and bankers.

Item sets

Main article: Item set

Most armour sets and the dwarf multicannon can be assembled into sets to save space. They behave like ordinary items except that they cannot be worn or used until they are disassembled. Only the Grand Exchange clerks can assemble and disassemble sets, and they will do this an unlimited number of times for free. Right-clicking a set and selecting "destroy" will not disassemble it. Players can also try to right click the banker and go to the sets.

Pricing

Gepricesweps

An NPC informant displaying the prices of certain weapons and armours. The cubes are item sets.

GE Gnome scarf history

Price of Gnome Scarf over a 30 day period.

Jagex has never published the Grand Exchange's exact pricing algorithms, although there are some reasonable guesses. By using the laws of supply and demand, the prices of items are updated depending on its recently traded prices and volume. For items with low volume such as partyhats, their prices update every few days or even once a week. Jagex can also intervene and set the prices themselves, and they reserve the right to intervene when they believe price manipulation is occurring on an inexcusable scale.

Because of an update on 1 February 2011, there are no longer price restrictions, however there are guide prices and an upper limit on how many of an item players can buy at once.

Trade restrictions

All trade restrictions are intended to reduce price manipulation, real-world trading, and/or unfair interactions between players with different levels. On the issue of price manipulation, Jagex said, "We are keen to keep a player-driven economy, so the prices are worked out using the supply and demand rules above. We will only intervene as a last resort, and only if we think price manipulation is going on, although the system has lots of safeguards to prevent that."[1] Trade restrictions are those safeguards. On 1 February all price (but not necessarily trade) restrictions were removed. Trial members had a trade restriction on the grand exchange of 50 of certain items. This prevented new accounts from being made simply to use the 6 Grand Exchange slots available to members, for merchanting/flipping.

  1. ^ Jagex. Controls - The Grand Exchange. RuneScape Game Guide.*

Buying rates

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Buying rate is restricted to a certain quantity every 4 hours. Some items have a connected limit, meaning that players can only buy a certain amount of either item, or a mix of the two up to a particular point:

  • Metal armour (bronze through rune) share a limit of 100 between the pieces that make up the armour sets, although bronze through adamant platebodies have a separate limit of 500
  • Dragon armour shares a limit of 10 between all set pieces
  • Dragonhide armour of the same colour, including sets (although the sets have a limit of 100)
  • Treasure Trails armour that makes up a set shares a limit of 2
  • Barrows armour shares a limit between repaired pieces, broken pieces, and the item sets of the same brother's armour
  • All parts of godswords (swords, hilts, blades, shards)
  • Saradomin Swords and Zamorakian Spears
  • Both types of chinchompas
  • Enchanted and unenchanted gem-tipped bolts
  • All doses of the same kind of potion (with the exception of prayer renewal)
  • Any type of Godwars items (Bandos, Armadyl, Subjugation) has a trade limit of one every four hours. (Not Including Godswords)

Tradeable items that cannot be traded using the Grand Exchange

Some items cannot be traded using the Grand Exchange, but they can still be traded using the traditional player-to-player trade. The list includes:

Minigames

Event items

Other

Scamming

Main article: Scams

There continues to be much activity around the Grand Exchange as a main area for some players to operate scams, manipulate other players into giving away items or money and the age-old luring of players to areas they can be killed and their items taken.

Trivia

Audio options icon
The jingle that plays when an offer is completed.

Audio options icon
The jingle that plays when an offer is updated.

  • On 2 July 2011 a huge rock appeared at the Grand Exchange. It had no use and it could not be examined or interacted with in any way. It was a teaser for the Clan Citadel update, and was removed when Citadels were added to the game.
  • If players attempt to set up a cannon in the Grand Exchange, Brugsen Bursen will tell players "My area is for peaceful trading. Play with your toy somewhere else!"
  • It is possible for the seller to buy their own item from the Grand Exchange, even after reaching the buy limit.
  • There are no items which start with the letter Q or X in the Grand Exchange.
  • There appears to be a training sword on the counter of the Grand Exchange buildings.
  • Summoning familiars are hidden in the Grand Exchange.
  • Examining any of the Grand Exchange pipes gives the message: "There seems to be a balled-up piece of purple paper stuck in there." It's a reference to the Ancient pages.
  • Before the Grand Exchange was added, most of the area was a giant forest behind the cobblestone fence now reduced west of the Grand Exchange. The Outlaw Camp was located a bit west of where Lucien's house used to be, and Lucien's house was located near the wall of Varrock Palace. Doorways previously unlocked here until becoming a wilderness song upon the release of RuneScape 3.
  • In late February 2017, there was an ingame poll that asked players if the Varrock Grand Exchange should have one booth. The results were: One single booth - 49%; Leave as is 31%; I don't mind 19% (total number of votes 99,497)
  • The Grand Exchange underwent a rework at 2 October 2017, merging the small booths from the corners, into a large, central booth.
  • Guides at the original Grand Exchange now reside in the four corners.
  • Since there are an uneven number of guides and an even number of corners, the Runes guide resides on the east side of the Grand Exchange, with a tree to the west, to keep symmetry.

Gallery

See also

References

  1. ^ Coronation chicken sandwich, Cream tea, Fish 'n' chips, Full breakfast, Steak and kidney pie
  2. ^ a b c d e f g h Removed from game. Cite error: Invalid <ref> tag; name "Remove" defined multiple times with different content Cite error: Invalid <ref> tag; name "Remove" defined multiple times with different content Cite error: Invalid <ref> tag; name "Remove" defined multiple times with different content Cite error: Invalid <ref> tag; name "Remove" defined multiple times with different content Cite error: Invalid <ref> tag; name "Remove" defined multiple times with different content Cite error: Invalid <ref> tag; name "Remove" defined multiple times with different content
  3. ^ Avocado sauce, Bean puree, Spicy pepper sauce and Soured Cream
  4. ^ a b Made untradeable after the promotion
  5. ^ Charred branches, Fallen leaves, Flourishing seeds and Lush blossoms
  6. ^ Also applies to the Amulet of glory (t).
  7. ^ Bouquet, Bubble maker, Celebration cake, Celebration candles, Confetti, Diamond jubilee souvenir flags, Diamond jubilee souvenir hats, Firecracker, Firework, and Souviner cup
  8. ^ Dice bags are no longer in game
  9. ^ Magic skullball, Marker seeds, Racing boots, Ring of seeking (both), Starting horn, Timepiece and Voting hat.
  10. ^ Miscellaneous key and Pete's Candlestick.
  11. ^ Check the page for which ones are on the Grand Exchange.
  12. ^ Half certificates, Pheonix crossbows and Weapon store keys.