Holy balls, what's this all about?
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Canonist is the shit right now because storm has been doing well online so everyone is sideboarding it.
Nice hype to sell into. Too bad price memory won't let it ever be worth the pack it came in
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Aside from the odd card like Canonist, the price spikes and buyouts seem to have really slowed down in the past year. Would you guys attribute that to a more liberal reprint policy (e.g. introduction of Masterpieces and more Masters sets), or is there something else at play?
Seems like a much more stable economy than before. You can see it just takes about a year from when they identify a problem to correct it. I think we should be thankful that WotC listened.
I'm curious how much of this is just that Reserved List cards have reached their new 'normal' and that previously undervalued cards are priced where the market thinks they should be (which is apparently higher than demand warrants in most cases).
Another factor/possibility is that WotC's willingness to make Masters sets has increased the risk component of the risk/reward equation speculators used on non-RL cards.
Not all of them have done this. Lake of the dead for example has seen a wee rise in price, but hasn't shot up for any reason. It's a reserve list land that can do big things. It's no Gaea's Cradle, but it does fit into the growing old-school, and edh market alike.
To take a stab at it, I'd say a small majority of the RL cards have reset their new price memory. This based on my own interest in old-school formats and the archetypes presented.
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Could be that most of the reserved list playable powerhouses that were run up (Cradle, Moat, LED, Tabernacle) hit the current market limit and sellers can't off load them any higher. Everything seems to have leveled off at the new higher price and stabilized. The manipulators might have taken big enough hits that they couldn't keep it up? Not sure. Either way, those four all were spiked in July '16 and have since leveled out.
Cradle https://www.mtgstocks.com/prints/8999
Moat https://www.mtgstocks.com/prints/11653
LED https://www.mtgstocks.com/prints/10345
Tabernacle (more of a natural increase) https://www.mtgstocks.com/prints/11742
In any case, I don't think its the new reprints that are contributing to the stabilization. The spikes were a mix of direct manipulation (moat, LED) and some others may have been panic buyouts.
I personally think that spikes are default panic buyouts. People generally accept that mtg cards are an unregulated form of money market and thus can be bought and sold for profit, Like any other commodity on a market. As stated above, things like moat were manipulated into their new ceiling price. LED went down the same road.
I've shown magic card price charts to people who deal in economics and day trading, for example, and they've been taken aback every time. The trends there work the same as in commodities futures, 1-2-3 patterns, pinnacles, etc. They're all useable to predict the future price of cards and get on the boat before breakouts. Obviously magic has a different set of variables than a commodity market (set releases, BR announcements) and these variances keep one from reading the bones to foresee the future 100% every time.
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Looks like another stupid buyout with a hard spike on Drop of Honey.
https://www.mtgstocks.com/prints/11912
Card jumped from about $70 to $250 over the weekend after putting 2 sideboard copies in Top 8, 1 additional copy in Top 16. Quiet Speculation turds didn't help I'm sure.
Insider: Revisiting a Case Study (QS) Jun 11, 2017
Sweet! That means the Porphyry Nodes I've been stockpiling are bound to increase in price, right?
I almost expect Serra's Sanctum to spike with the new Solemnity reveal. Not that any incredible deck will come out of it, but speculators are idiots who will drive up anything they can if they can sell a rationalization.
That or we'll see something random spike like Halls of Mist
Nah I get quiet spec updates and no one got Drop of Honey as an early call. This is just a legit buyout to up the price memory. It's a solid card in oldschool formats and warranted 70 buck's a pop but the asshats relisting it for 250 are gunning for a cash grab.
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They put out a recap article mentioning drop of honey but no where did an author call the spec before the GP, that's what you were talking about right?
Looks like QS dropped a new article, "Insider: Speculation on Legacy Isn’t Dead (QS) Jun 18, 2017", so now Drop of Honey is $425 TCG median, based off of 5 listings ranging $300 - $469.
GG idiots.
Well, weren't they right? Didn't they set out to do what they achieved and moved the market themselves?
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