I seriously thought some cards would drop after the GP at Vegas (like many other) but seems like every card jumped instead, Goyf, Clique and others jumped almost $20 dlls,
will the "2nd wave" have any effect or just feed the madness?
The 2nd wave was practically just Vegas honestly. They couldn't send out that many boxes to stores because they needed them for the GP. Most stores I've heard have gotten less than a full case of 2nd wave product.
Not really surprising that nothing went down considering how many people waited for MM to come out to 'drop prices' combined with how short printed it was.
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"Yawgmoth," Freyalise whispered as she set the bomb, "now you will pay for your treachery."
I seriously thought some cards would drop after the GP at Vegas (like many other) but seems like every card jumped instead, Goyf, Clique and others jumped almost $20 dlls,
will the "2nd wave" have any effect or just feed the madness?
The second wave has already come and gone. There will be no new MMA product shipped. All remaining MMA product is either in the hands of stores or distributors.
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WoTC, thank you for finally announcing the Modern format, an eternal format where everyone can participate.
The second wave has already come and gone. There will be no new MMA product shipped. All remaining MMA product is either in the hands of stores or distributors.
This has been the case for at least two weeks now, WotC is out of MMA.
From what I heard at GP Las Vegas, it was more like 3 Mythics per box.
As someone who opened 24 boxes pre-Vegas, I got 73 non-foil mythics, which is almost exactly 3 per box. I also only got 4 foil mythics, which is a bit less than would be expected, and the foil rares were a bit disappointing, too. (But I got a lot of foil uncommons).
Okay retract my statement... 3 to 4 mythics a box not a case but I still stand behind my opinion about supply not meeting demand when it comes to these mythics and why they are going up in price...
Price and supply are all you need to calculate demand. Don't try to complicate it by adding any other variables.
Increase in supply. Increase in price. This means there is an increase in demand. There are several types of buyers driving demand including:
Stores
Collectors
Speculators
Modern Players
Non-Modern Players
Whether or not this is an increase in demand is from modern players doesn't matter. Keep in mind that just because a store, collector, speculator or non-modern player has contributed to the demand and rise in prices that does not mean their demand is temporary.
I would love a set of duals, but as a set is $3500, my demand for them is low and I slowly acquire them 1 or 2 at a time. If they were priced instead at $10 each, I would buy a set immediately and at the same time drastically increase my demand on them. In MtG and with the invention of the internet, price is almost the only factor mitigating demand for cards.
I would love a set of duals, but as a set is $3500, my demand for them is low and I slowly acquire them 1 or 2 at a time. If they were priced instead at $10 each, I would buy a set immediately and at the same time drastically increase my demand on them. In MtG and with the invention of the internet, price is almost the only factor mitigating demand for cards.
You should have said "Price doesn't affect the demand curve", aka, it doesn't shift them up or down.
However, the price of duals does impact the demand for other cards, such as shocks, as poor substitutes.
You should have said "Price doesn't affect the demand curve", aka, it doesn't shift them up or down.
However, the price of duals does impact the demand for other cards, such as shocks, as poor substitutes.
Indeed. Price doesn't affect demand, as in, the schedule of how much quantity will be demanded at each possible price level. It does, however, cause the quantity demanded to increase or decrease as one moves along a given demand curve.
The price of duals (i.e. ABUR duals) should mirror the direction of fetchlands, a complementary good, but ceteris parabis, should move in the opposite direction of shocklands, an inferior substitute.
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Former Level 2 Judge (Retired / Renounced)
Went to a new shop from a friend's recommendation, DQ'ed for willful violation of CR 100.6b.
I would love a set of duals, but as a set is $3500, my demand for them is low and I slowly acquire them 1 or 2 at a time. If they were priced instead at $10 each, I would buy a set immediately and at the same time drastically increase my demand on them. In MtG and with the invention of the internet, price is almost the only factor mitigating demand for cards.
What you're saying isn't macroeconomics. It's about equilibrium. The price will sit where supply and demand meet. Obviously if something like duals were priced at $10 now they would be bought up and resold at a higher price. Macroeconomics doesn't care about the individual but the economy as a whole, thats why the term 'Aggregate Demand' is used.
snoozeallday is correct but he should have elaborated more. Demand affects price, not vice versa. (see demand shifters below)
You should have said "Price doesn't affect the demand curve", aka, it doesn't shift them up or down.
However, the price of duals does impact the demand for other cards, such as shocks, as poor substitutes.
Price does not affect the demand curve. Aggregate demand affects price
If shocks were actually a substitute for duals, the price of dual lands would have decreased with the reprinting of shocklands in RtR and GTC.
Demand shifters
-Changes in disposable income
-Changes in tastes and preferences - tastes and preferences are assumed to be fixed in the short-run. This assumption of fixed preferences is a necessary condition for aggregation of individual demand curves to derive market demand.
-Changes in expectations.
-Changes in the prices of related goods (substitutes and complements)
-Population size and composition
If any of these things happens on a macro level then prices for a particular good are expected to rise (or fall) respectively.
Umm, if a card gets additional supply AND it also at the same time increases in price .... is there some other explanation for it than the demand for the card has gone up at the same time?
Doesn't the increase in price show that demand has gone up for the card, especially when supply has been increased as well at the same time?
Umm, if a card gets additional supply AND it also at the same time increases in price .... is there some other explanation for it than the demand for the card has gone up at the same time?
Doesn't the increase in price show that demand has gone up for the card, especially when supply has been increased as well at the same time?
Some factor has caused demand to increase more than supply has increased.
Demand shifters
-Changes in disposable income
-Changes in tastes and preferences - tastes and preferences are assumed to be fixed in the short-run. This assumption of fixed preferences is a necessary condition for aggregation of individual demand curves to derive market demand.
-Changes in expectations.
-Changes in the prices of related goods (substitutes and complements)
-Population size and composition
Some factor has caused demand to increase more than supply has increased.
Demand shifters
-Changes in disposable income
-Changes in tastes and preferences - tastes and preferences are assumed to be fixed in the short-run. This assumption of fixed preferences is a necessary condition for aggregation of individual demand curves to derive market demand.
-Changes in expectations.
-Changes in the prices of related goods (substitutes and complements)
-Population size and composition
I think of MtG cards as I do crude oil, there are factors other then demand that will raise the price, including the price simply falling too low, so the supply is choked in order to raise the price. How do you choke supply, simply put it into reserves, buy it but not offer it, and watch the price go up. Once the price is at a level you like, then you open your reserves until the issue happens again.
I think of MtG cards as I do crude oil, there are factors other then demand that will raise the price, including the price simply falling too low, so the supply is choked in order to raise the price. How do you choke supply, simply put it into reserves, buy it but not offer it, and watch the price go up. Once the price is at a level you like, then you open your reserves until the issue happens again.
This is an incorrect state of mind.
You should be thinking of Dark Confidant as crude oil, and the secondary MtG market as something like an entire country.
Comparing Magic cards is like comparing apples and oranges and potatoes and milk and cheese and motor oil and sliced ham and toilet paper and garbage bags and jelly and jet fuel and microwaves and cotton swabs and light bulbs and paper plates and socks and water balloons.
Some cards are complimentary to other while some are totally unrelated.
Changes in expectations
and
Changes in the prices of related goods
are the two most important factors in demand and therefore a cards price.
I don't know, but from 50c to $50 in two years is a pretty interesting move for ANYTHING to make.
I raved about the card when it was revealed on the RAV spoiler. Ended up selling all my 60 copies at under a buck each, finally sold out of them just before they started their wild climb. I've been waiting to see if it would ever do anything. I guess it did?
will the "2nd wave" have any effect or just feed the madness?
http://www.mtgsalvation.com/trading-post/details/805-w-underground-sea-h-revised-lands
Not really surprising that nothing went down considering how many people waited for MM to come out to 'drop prices' combined with how short printed it was.
Currently Playing:
Retired
The second wave has already come and gone. There will be no new MMA product shipped. All remaining MMA product is either in the hands of stores or distributors.
Basically that...and new art. It also doesn't help SCG jacked up the buylist for foil Swords on Sunday.
It's such a safe long term hold it's crazy. SoFI with new art and in foil is essentially incredibly rare.
This has been the case for at least two weeks now, WotC is out of MMA.
Glad i got my foil SoFI in the first pack of my box! Its an awesome looking card.
As someone who opened 24 boxes pre-Vegas, I got 73 non-foil mythics, which is almost exactly 3 per box. I also only got 4 foil mythics, which is a bit less than would be expected, and the foil rares were a bit disappointing, too. (But I got a lot of foil uncommons).
Commander
G Ezuri, Renegade Leader G
GW Sigarda, Host of Herons WG
Legacy
GU 12 Post UG
Trade Thread: Click Here
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price doesn't affect demand
I would love a set of duals, but as a set is $3500, my demand for them is low and I slowly acquire them 1 or 2 at a time. If they were priced instead at $10 each, I would buy a set immediately and at the same time drastically increase my demand on them. In MtG and with the invention of the internet, price is almost the only factor mitigating demand for cards.
You should have said "Price doesn't affect the demand curve", aka, it doesn't shift them up or down.
However, the price of duals does impact the demand for other cards, such as shocks, as poor substitutes.
http://forums.mtgsalvation.com/showthread.php?t=487991
My Sell List:
http://forums.mtgsalvation.com/showthread.php?p=10893911#post10893911
Indeed. Price doesn't affect demand, as in, the schedule of how much quantity will be demanded at each possible price level. It does, however, cause the quantity demanded to increase or decrease as one moves along a given demand curve.
The price of duals (i.e. ABUR duals) should mirror the direction of fetchlands, a complementary good, but ceteris parabis, should move in the opposite direction of shocklands, an inferior substitute.
Went to a new shop from a friend's recommendation, DQ'ed for willful violation of CR 100.6b.
Have played duals? I have PucaPoints for them!
(Credit to DarkNightCavalier)
$tandard: Too poor.
Modern:
- GW Birthing Pod(?)
Legacy:
- UWR Delver
What you're saying isn't macroeconomics. It's about equilibrium. The price will sit where supply and demand meet. Obviously if something like duals were priced at $10 now they would be bought up and resold at a higher price. Macroeconomics doesn't care about the individual but the economy as a whole, thats why the term 'Aggregate Demand' is used.
snoozeallday is correct but he should have elaborated more. Demand affects price, not vice versa. (see demand shifters below)
Price does not affect the demand curve. Aggregate demand affects price
If shocks were actually a substitute for duals, the price of dual lands would have decreased with the reprinting of shocklands in RtR and GTC.
Demand shifters
-Changes in disposable income
-Changes in tastes and preferences - tastes and preferences are assumed to be fixed in the short-run. This assumption of fixed preferences is a necessary condition for aggregation of individual demand curves to derive market demand.
-Changes in expectations.
-Changes in the prices of related goods (substitutes and complements)
-Population size and composition
If any of these things happens on a macro level then prices for a particular good are expected to rise (or fall) respectively.
This is only true for inelastic demand product such as fuel, milk, cigarettes, alcohol, diapers, medicine, antibiotics...
Magic isn't one of them.
Doesn't the increase in price show that demand has gone up for the card, especially when supply has been increased as well at the same time?
Some factor has caused demand to increase more than supply has increased.
Demand shifters
-Changes in disposable income
-Changes in tastes and preferences - tastes and preferences are assumed to be fixed in the short-run. This assumption of fixed preferences is a necessary condition for aggregation of individual demand curves to derive market demand.
-Changes in expectations.
-Changes in the prices of related goods (substitutes and complements)
-Population size and composition
I think of MtG cards as I do crude oil, there are factors other then demand that will raise the price, including the price simply falling too low, so the supply is choked in order to raise the price. How do you choke supply, simply put it into reserves, buy it but not offer it, and watch the price go up. Once the price is at a level you like, then you open your reserves until the issue happens again.
EDH Decks:
B Toshiro Umezawa B
W Mikaeus, the Lunarch W
G Azusa, Lost but Seeking G
UB Grimgrin, Corpse-Born BU
BGU The Mimeoplasm UGB
GUW Rubinia Soulsinger WUG
GRB Sek'Kuar, Deathkeeper BRG
This is an incorrect state of mind.
You should be thinking of Dark Confidant as crude oil, and the secondary MtG market as something like an entire country.
Comparing Magic cards is like comparing apples and oranges and potatoes and milk and cheese and motor oil and sliced ham and toilet paper and garbage bags and jelly and jet fuel and microwaves and cotton swabs and light bulbs and paper plates and socks and water balloons.
Some cards are complimentary to other while some are totally unrelated.
Changes in expectations
and
Changes in the prices of related goods
are the two most important factors in demand and therefore a cards price.
Emille, Seven-Sting Dancer Shalin Nariya
I raved about the card when it was revealed on the RAV spoiler. Ended up selling all my 60 copies at under a buck each, finally sold out of them just before they started their wild climb. I've been waiting to see if it would ever do anything. I guess it did?
.