I hate farming. Not real farming, because even though that's hard work there's something to be said about the pride of looking out on a field of whatever that you've grown. No, I mean farming in WoW. I don't care if it's farming herbs, cloth, honor, or what - it sucks. I don't get any satisfaction out of it, and I'd personally rather spend my time doing just about anything else.
Right now my current passion is arguing with Monger about what we can 2 heal and what we can't. Right now we're 2 healing H-Magmaw, 3 healing H-Chim, and 4 healing H-Halfus. I want to knock Chim down to 2...
Back to the BoEs
Fortunately, or not depending on your PoV, I'm not the only person in my guild who hates farming. We all do. Sure, some of us do it from time to time for various reasons, but none of us get excited about it. Personally, I think my hatred stems from back in Vanilla when I was working on my Thunderfury. I've never been a big AH player, I had no DPS gear, and I was a tank through and through. Heck, I didn't even have any real high level alts. So I ground out the gold I needed slowly but surely. Man that sucked.
While gold is exponentially easier to come by today, I still don't want to grind for it. Fortunately, there are those with really deep pockets, that ensure that we don't have to.
It started in Ulduar
Back when our 10m first got going in Ulduar, we recognized that we were extremely lazy as a group when it came to farming, and that there were plenty of folks out there dying to spend their hard earned gold on the epics and recipies we collected. Enchants were in high demand, patterns for epics, orbs, etc. We recognized early on that selling say, a tailoring enchant for 10k and then spending 1k to have it crafted for the single person that needed it, was way more efficient and profitable.
ICC threw a bit of a wrench into those plans, but there were still BoEs to sell, and it kept us from having to really work. GDKP runs at the end really loaded our pockets, but that doesn't have anything to do with BoEs.
What we pay for
Right now our guild funds every aspect of our raiding. Flasks, food, gems, enchants, repairs - you name it, we pay for it. BoEs are sold in guild (after one 'oops' at the start - sorry Thraxx) for 5k. If nobody wants to pay the 5k and use the item, we sell it on the AH. Once the gbank hits 60 or 90k, we knock it back down to 30k and split the rest. I think we've had 2 or 3 splits already since the launch of Cata. You don't get any interest on the money, so there's no use in having it sit there.
This type of thing really does wonders for all of us. It allows about 1/3 of the guild to raid on a second server with some older raid partners that aren't at the same level we are. Some of us take the time to level alts or just play less, and a couple of the guys are playing Rifts on the side. The biggest thing for me is there's no pressure to do anything but raid well. I'm not scrambling to get flask materials, fishing or herbing for my buff food, etc.
How far will the money stretch?
We've already seen a decline in prices for some of the items we get, heck the healing belt is probably better served as a Maelstrom crystal. But even if you figure each raider is spending 200g a night in repairs (sure, maybe more), and 100g a night in buff food/flasks/pots (heck say 300g), that's 5k a night we're spending. I don't think it's near that much, but say it is. One good BoE drop will net 20-25k, and a bad one will get 5k. While we do have dry runs (like last night in BoT), we generally get 2 or 3 BoEs a week. That's a lot of funds we're pulling in.
Who knows. By the time Firelands rolls around we may be dipping into our own pockets again. It's certainly possible. Firelands will bring a whole new round of BoEs and other profitable goods though, and I'm sure that we'll start to see some decent GDKP runs cropping up in the future.
It sure beats farming.