Valuing Legendaries

[Yabu]

I have to agree with some previous speakers: this is just not working. One part of it is that the human mind is really strange and illogical. I don't think any equation this simple could ever calculate how a person thinks. Anyways, I'll assume a simple equation will do, and suggest some changes.

• Craftables need to be in the equation, or atleast at some stage in gathering info about the legendary. As they are a bit easier putting a price on, I believe that they are highly relevant to the price of legendaries. A legendary that's better than a craftable will of course never go below it's price.
  
• Instead of having a value of estimated weapons in game directly in the equation, I suggest a "pointsystem" similar to the one you have already. A weapon gets a point 1-5 (very rare: Fang of Fenrir, Rare: Pike of Kings, Medium: Fearsome?, Common: Fiendish, Very common: Wormbane. I think this would give a fairer valuation over all.
  

I think that a better system over all would be if you ask people: "how do you value this legendary?", add upp all the answers and take the mean (?) as the value of the item. This would take players' opinions into equation (which really is the most important, right?). This does have some flaws of course, which is why I think the very best system would be just to scrap all value-help and fixed values on the what-so-ever and just let people pay for how good they think the item is, or at least find the information themselves by searching through older trades.