The Fall of UAJ5-K = 105 billion Sell Orders into Asset Safety = 30 billion cost to me

This post is a bit out of date but worth talking about.

The summary is that a station being destroyed leading to my assets going into Asset Safety cost me 30 billion in all.

Market Seeding outside of Highsec

Go back a while and i was seeding a market in UAJ5-K, in the Region Outer Passage.

The station was run by the declarationsofwar team with their corporation Noir.

In all i had sell orders of 105 billion up and all was going fine.

But then in April it was lost to another corporation and my assets on the market went into Asset Safety.

They talk about it in their podcast The Fall of UAJ5-K.

What is Asset Safety?

This is a mechanism where the purpose, i believe, is to encourage players to have assets in player owned structures.

Quite simply, if the structure is destroyed then all your assets are put in either the nearest NPC station or the a player owned station in the same system within 5 days.  Otherwise, within 20 days they are put in the nearest system station.

If the station is in the same system then you pay 0.5% of the value of the assets to release them.  If they are in a different system then you pay 15%.

But the general idea is that you don't lose your assets entirely and so takes the sting out of holding assets outside of highsec.

My situation

My assets were initially put in another station in the system but it was soon destroyed.  Therefore, my assets ended up in Konora.  Which is a mere 45 jumps from Jita, part of which is through low and null sec.

The cost of all this

I had 105 billion of sell orders up.

Against this 105 billion i had my usual 20% provision = 21 billion.#

The Value of the assets turned out to be 66 billion.

I had to pay 10 billion to release them.

Therefore the costs were in two parts:

1) the cost of releasing the assets = 10 billion.

2) the mark to market costs = (105-21) - 66 = 18 billion.

So, total cost was 28 billion.

The mark to market costs arise because the market value of the items i am selling fell since i bought them.

And then there will be the cost of couriering the assets which i estimate will be 2.5 billion.

So, lets call it 30 billion cost all in.  So about a month's worth of profits these days.

Lessons learned

Absolutely none at all.

This is all part of the game.  I can't take the ISK with me if i leave.  Cracking stuff.

For the sake of some ISK i am pushing the boundaries of my game play.  Only wish i had done this a lot sooner.

Next Steps

I think i have found another station to seed.  Will update the blog if i go ahead.