Weekly Winners (25)
We saw a massive amount of movement in Modern cards this week. A lot of cards have spiked, even cards that should see only fringe play right now. Just like last week, everything in this week's article will be about Modern.
So, once again, I present you the cards that will be the talk of the town tonight
Modern Market Musings
A lot has been said about Modern card prices this week. Many writers took up their pen and wrote about their views on the reasons and the implications of the recent card spikes. And this caused a lot of discussion in the Magic community. And a lot of this discussion was focused on format sustainability and speculators. For your convenience I have tried to summarize:
Modern Season just started, isn't it normal for cards to gain value?
The short answer: yes. But, this doesn't explain the sheer amount of cards gaining a lot of value overnight. Prices tend to rise in the Modern season, but please compare the price jumps of this year with those of last year. The Modern PTQ season started on june 7th. Just check with every spike you see (for a card that saw Modern play in 2014) if it spiked in/ around june 2014. Most did not. Some gained value, but not in the way they do this year.
Is it all just speculators?
The short answer: no. Not all cards that spike or gain in value are caused by those "anonymous speculators that ruin magic". But the popular opinion is that speculators are to blame. I do know for sure that behind every spike there are people making a profit. But not every card spike is caused by speculators that buy 300 copies of a card.
I do think that some things have changed in Magic over the past years. As a writer for MTGStocks I can tell you that A LOT of people check out card prices daily, keeping track of their collections and looking for deals. Not just 'professional' speculators, but everyone that plays magic is interested in card value. This has always been the case (remember those sweet prices indexes in The Duelist ?). But in a world with TCGPlayer, Tix and many, many articles about the 'magic economy', reprint policy, expected value calculations and the like, it is no big surprise that players have money on their mind when playing magic.
Getting a good deal is fun!
Getting a great deal is fun. It gives you a rush. You beat the curve. You outsmarted everyone. And everyone want to get these great deals. The downside: for every winner, there are many others that are confronted with overpriced cards they really need to play on a competitive level. And paying $25 for a playset
So to conclude, it is not just speculators causing these spikes. It is also our own fear of being outsmarted by others. The fear of others getting ahead and the pleasure of being ahead causes a huge bandwagon effect. Just like a bank run.
#1 Nourishing Shoal +2432% ($13.42)
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The idea of running
#2 Lantern of Insight +2140% ($6.72)
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Just yesterday the card was $0.36. And today you can get your foils copies for $100 a piece (and I am not kidding).
For those that lack the luxury of watching videos while working, this is how the deck works. It is a control/ prison deck that drops Ensnaring Bridge early and with cards like
When a new deck pops up in an Eternal format that's always a huge thing. If you are early in, you can play a deck that is fairly cheap. But today
#3 Ancient Stirrings +303% ($3.99)
Other modern spikes
There were more buyouts/ spikes on modern cards this week. I have listed them below. It seems that the fact that the cards see play in Modern and were not reprinted in MM2 were reason enough to warrant a spike or buyout.
Terminate
Nettle Sentinel
Ezuri, Renegade Leader
Chromatic Star
Through the Breach
Disrupting Shoal
Goryo's Vengeance
Glimmervoid
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