Here players can fight computer generated monsters such as demons, giants, and dragons or players can fight other players in limited combat games or anywhere in the RuneScape landscape on special player vs player worlds. RuneScape uses the medieval theme of Dungeons and Dragons. Other well known MMORPGs include World of Warcraft and more loosely, SecondLife. Like other MMORPGs, RuneScape is a computer generated role-playing games that allows huge numbers of players to meet and interact in a virtual fantasy world. WHAT IS RUNESCAPE? RuneScape is a Massively Multiplayer Online Role-Playing Game (MMORPG) created by Andrew Gower and operated by Jagex Ltd. Summaries are researched through many sources, in particular our friends at the most useful RuneScape resource on the internet, RuneScape Wiki. Because of this, it can not be purchased through the Grand Exchange. Due to programming language issues, it is currently impossible to buy a blue Party Hat completely with GP and must be acquired through a combination of item trades. Players view this item as an incredible status symbol and therefore trade rare items until they have upgraded all the way to the blue party hat. The blue Party Hat may not be the most rare item in RuneScape even though its the most expensive item. The Party Hat continues to crop up in further stories about the Wise Old Man. According to the Wise Old Man mythology, while robbing the Draynor bank, he can be seen on the bank security video supposedly killing Elfinlocks and stealing her blue Party Hat from her remains. Not only is this one of the most expensive RuneScape items, it is also the first item to hit the 1 billion GP mark.īecause of its incredible rarity and fame, Jagex incorporated the blue Party Hat into some of it's quest story lines. From the original free trade price of $1,350 in Jan 2007, a Blue Party Hat has increased 83% in real value over these four years.Īs you can see, if you bought a few Blue Party Hats in 2007, you were beating the stock markets by a massive amount.This very rare item was originally contained within a Christmas Cracker which was dropped around Christmas time 2001. Taking an average value of $0.75/M (my average of buy + sell price), a Blue Party Hat is worth $2,475 USD. Their in-game price is a whopping 3.3 Billion GP. Basically regaining its Free Trade 2007 price, despite the fact that the game was much less popular, and rares were much less popular in Trade Limits. For simplicity's sake, let's value gold in Jan 2011 1.25/M. By the final months of Free Trade, Blues sold for ~600M + $500. However, Blue Party Hats quickly regained momentum. Either way, it did drop down with the removal of Free Trade. However, people did pay about $4.00/M+ retail for gold back in 2009. At this point, gold was hard to value in terms of real $, because the costs included labour. Now, when Free Trade was abolished, this price eventually sunk down to its minimum price of ~300M in the summer of 2009. This made a Blue Party Hat's value on the real market approximately $1,350 USD. The price of gold in 2007 (Average of Buy + Sell Price) was about $3/M. Let us begin with examining the Blue Party Hat.Īt the end of Free Trade in 2007, a Blue Phat traded for about 450M maximum. That is, their value in terms of Real $ has historically increased. Chatting on MSN, I realized that certain RS items (Namely, Discontinued Items), are not only valuable investments in-game, but also valuable RL $ investments.
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