Login | Register


All times are UTC - 7 hours


It is currently 2019-Jun-25 10:58 pm




Post new topic Reply to topic  [ 53 posts ]  Go to page 1, 2, 3, 4  Next
Author Message
 Post subject: Many old cards are spiking in price
AgePosted: 2018-May-02 7:27 am 

Joined: 2018-May-02 7:22 am
Age: Egg
Hi

I'm wondering what is the price threshold to ban cards? Many old card prices are spiking like crazy right now and purchasing them is getting impossible without lottery jackpot.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-02 8:03 am 
User avatar

Joined: 2012-Sep-19 1:30 pm
Age: Elder Dragon
Pifase wrote:
I'm wondering what is the price threshold to ban cards? Many old card prices are spiking like crazy right now and purchasing them is getting impossible without lottery jackpot.

There is no threshold. While price of cards are sometimes considered in the RC's decisions for banning a card, it is never the primary reason.

_________________
Useful threads: Colorless CI landsGraveyard HateRoR's Greatest Hits
My Decks: Zombiepocalypse (Thraximundar) ♦ Thrun stands alone (voltron) ♦ Ashling the Burninator ♦ Doran beatdown (treefolk/plant tribal) ♦ Mine! (UB theft/clone) ♦ Vampire Beatdown (Edgar Markov) ♦ BW Enchantments (Daxos the Returned)


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-02 5:19 pm 

Joined: 2012-Apr-11 7:17 am
Age: Elder Dragon
Pifase wrote:
I'm wondering what is the price threshold to ban cards? Many old card prices are spiking like crazy right now and purchasing them is getting impossible without lottery jackpot.

The RC has indicated it is not something they expect to use as a ban criteria again, due to the additional criteria of the card being 'iconic' as well as expensive.

_________________
sir squab wrote:
My... history of buying Magic cards is probably a tapestry of bad financial decisions >_>
niheloim wrote:
No, I think he's right. I'm just all butt-hurt over prophet.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-03 6:17 am 
User avatar

Joined: 2011-Jan-02 5:25 am
Age: Elder Dragon
Location: Costa La Haya, capital del ducado Holanda
Pifase wrote:
purchasing them is getting impossible


If they get banned you might be able to purchase them, but then you still don't get to play with them. So what's the point?

_________________
"Our words are backed with OBLIVION STONE!"


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-03 6:58 am 
User avatar

Joined: 2008-Dec-26 7:50 am
Age: Elder Dragon
Location: Amsterdam, Holland
As a collector: please do!

Cards spiking is a sign of interest in them, apparently someone is buying. This is a good sign of the game being healthy.

_________________
I'm a gabber and I feel alright
I sleep all day and I dance all night
I'm a gabber and I feel OK
I dance all night and I sleep all day


3 Steps Ahead - I'm A Gabber


Automatically add card tags to the card names in any text:
http://manabase.com/autocard.php


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-03 10:01 am 

Joined: 2011-Feb-15 7:09 am
Age: Drake
pi wrote:
As a collector: please do!

Cards spiking is a sign of interest in them, apparently someone is buying. This is a good sign of the game being healthy.

As someone pointed out to me tonight ...
Die young, leave a beautiful magic card collection :P


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-04 4:32 am 

Joined: 2012-Apr-11 7:17 am
Age: Elder Dragon
pi wrote:
As a collector: please do!
Cards spiking is a sign of interest in them, apparently someone is buying. This is a good sign of the game being healthy.


I don't think thats it. A lot of cards on the reserve list and Expedition-type prints are being bought out to inflate the price. Then spec buyers are selling out to make a profit, and price memory keeps them up some.

_________________
sir squab wrote:
My... history of buying Magic cards is probably a tapestry of bad financial decisions >_>
niheloim wrote:
No, I think he's right. I'm just all butt-hurt over prophet.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-05 5:28 pm 

Joined: 2014-Sep-13 7:28 am
Age: Elder Dragon
It's not so much a pump and dump as it is long term holds i think. I also really think that it is not collectors or players, but people who are looking for other collectibles to invest in after crypto.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-06 3:14 am 
EDH Rules Committee

Joined: 2006-May-18 5:21 pm
Age: Elder Dragon
From the format philosophy document:

"Creates a Perceived High Barrier to Entry. Commander is a socially welcoming format with a vast cardpool. These two traits clash when it comes to certain early Magic cards, even if they would possibly be acceptable in their game play. It's not enough that the card is simply expensive. It must also be something that would be near-universally played if available and contribute to a perception that the format is only for the Vintage audience."

Odds of a card not currently on the list joining are basically nil.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-06 3:53 am 

Joined: 2012-Apr-11 7:17 am
Age: Elder Dragon
Sovarius wrote:
It's not so much a pump and dump as it is long term holds i think. I also really think that it is not collectors or players, but people who are looking for other collectibles to invest in after crypto.
It could be, but I see a lot of people on selling groups selling 10X of something after it climbs. They could be old holders getting out, but it seems like its the same folks a lot of the time.

_________________
sir squab wrote:
My... history of buying Magic cards is probably a tapestry of bad financial decisions >_>
niheloim wrote:
No, I think he's right. I'm just all butt-hurt over prophet.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-06 5:28 am 

Joined: 2014-Sep-13 7:28 am
Age: Elder Dragon
MRHblue wrote:
They could be old holders getting out, but it seems like its the same folks a lot of the time.

It's mostly this. The amount of people able to perform buyouts is much lower than the amount of people who had a mox diamond spike. But everyone wants to try to take advantage of it. Lot of people trying to vulture out some extra dollars and score $475 on a mox diamond before they (predictably) cool to $250 again.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-07 11:48 am 
User avatar

Joined: 2014-Jul-28 8:30 am
Age: Dragon
Sovarius wrote:
MRHblue wrote:
They could be old holders getting out, but it seems like its the same folks a lot of the time.

It's mostly this. The amount of people able to perform buyouts is much lower than the amount of people who had a mox diamond spike. But everyone wants to try to take advantage of it. Lot of people trying to vulture out some extra dollars and score $475 on a mox diamond before they (predictably) cool to $250 again.


Where did you see Mox Diamonds for $475? Mid via magiccards.info has them around $280. And while they may drop a little, the price memory for RL cards especially is too strong for things that have spiked to eventually resettle at pre-spike prices. The first mox diamond spike two years ago jumped them into the $150 range from between $50 and $75. They never fell that low again. Altar of Bone was a $1 card at best before it got spiked to $11 and while it has not maintained that absurd price, they're currently sitting around $5 and that card would never be played in Legacy, unlike Mox Diamond.

_________________
specter404 wrote:
Basically, when it comes to commander, I want you to stab me through the heart, not cut off my balls.

Gath Immortal wrote:
Twenty Kavus and a Dream is not a legacy deck.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-07 2:25 pm 

Joined: 2014-Sep-13 7:28 am
Age: Elder Dragon
You don't see them for $475 because that was never a 'real' price people were actually paying, and vendors pull their stuff relist higher etc. And they already cooled like i said.

At one point there were 5 copies of FTV Mox Diamond on TCG for $475, 500, 550, and like 700 and 800 or something ridiculous. But buyouts typically cool. But at that moment the listed median was 550 so there were the guys on facebook "Hey moxes are $555 now, buy mine for $450 great deal!" yeah no thanks. But the insane median price comes from total buyouts when there are an actual 5 copies on there.

Which is why i hate median. People pretty much use that only out of ignorance or trying to cheat people. Sad that market price updates slowly compared to the rate of buyouts and how they settle.


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-08 6:34 am 

Joined: 2012-Mar-31 11:52 am
Age: Elder Dragon
papa_funk wrote:
From the format philosophy document:

"Creates a Perceived High Barrier to Entry. Commander is a socially welcoming format with a vast cardpool. These two traits clash when it comes to certain early Magic cards, even if they would possibly be acceptable in their game play. It's not enough that the card is simply expensive. It must also be something that would be near-universally played if available and contribute to a perception that the format is only for the Vintage audience."

Odds of a card not currently on the list joining are basically nil.


Has the wording on this changed recently (within the past year)?


Top
 Offline Profile  
 
 Post subject: Re: Many old cards are spiking in price
AgePosted: 2018-May-17 1:50 am 
User avatar

Joined: 2008-Dec-26 7:50 am
Age: Elder Dragon
Location: Amsterdam, Holland
MRHblue wrote:
pi wrote:
As a collector: please do!
Cards spiking is a sign of interest in them, apparently someone is buying. This is a good sign of the game being healthy.


I don't think thats it. A lot of cards on the reserve list and Expedition-type prints are being bought out to inflate the price. Then spec buyers are selling out to make a profit, and price memory keeps them up some.


So, if nobody is buying: how would they sell out?

It's always a combination of factors. Some may try a pump and dump, others buy for a long term hold, again others buy to collect or play. There's no one answer to what exactly is happening but the net result is that few are on the market. Sellers notice these are selling and change their prices accordingly if they have any. This triggers a snowball effect where other sellers also adjust and as not everyone wants to be lowest it goes higher and higher. At some point there's a realization that the cards aren't selling and then the price starts moving downward in the same way until a new plateau is reached where supply meets demand. Usually this is higher than where it started as people have realized that they've missed out and that they better buy before it jumps again. Next time a card jumps the same happens all over.

You might argue that this is price inflation and that Magic would be better off without it, but it's not really something you can avoid in an open market. It also keeps cards in circulation; as someone who has been actively trading for over 20 years, back in the day we really couldn't get everything but the people trying to buy up cards are also those picking up collections and digging out the odd cards that jumped. Finally this also keeps Magic a good investment, few hobbies exist where you can get as much or more out as you put in.

_________________
I'm a gabber and I feel alright
I sleep all day and I dance all night
I'm a gabber and I feel OK
I dance all night and I sleep all day


3 Steps Ahead - I'm A Gabber


Automatically add card tags to the card names in any text:
http://manabase.com/autocard.php


Top
 Offline Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 53 posts ]  Go to page 1, 2, 3, 4  Next

All times are UTC - 7 hours


Who is online

Users browsing this forum: No registered users and 29 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to: