Well written article, explaining your concepts; thanks for the Peter Jahn link, as well.
Some of the reasons this isn't done more, as you mentioned, is the time cost involved--by not having the cards until much later, you miss out on having the cards to use/trade/sell when demand/release prices are highest. Journey had its first listing of prices by Rancored Elf in the Market Street pricing thread on May 8th, with one of each card listed totaling at 136; on June 5th, 114; on July 8th, 96 (no Aug listing yet); --and that's from a set with "more price stability than I'm used to seeing". Current listing for Journey set + $25 redemption ticket + $3 Shipping = $97.55. Granted, the price listings don't include the rares, uncommons, and commons below $3 in value; however, finding someone who'll want those cards at value can be a long wait.
I'd say the time frame on gaining value by redeeming online sets is actually very small, about a month or less; after that point, paper prices have been depressed by the supply of additional product w/ no additional demand. We see this every set, as online redemptions depress prices. Additionally, speculators need a way to unload the cards to actually gain that value--margins are much, much smaller if your $80 Elspeth sale is actually ($80-Ebay/Paypal fees of 14-18%), for example.
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Aug 21, 2014Mr. Smiley posted a message on Off Topic: Gaming the $ystem for ValuePosted in: Articles
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Feb 7, 2014Mr. Smiley posted a message on Launch Giveaway!My favorite Magic card is Shared Fate. Built around correctly, the game will always be different. Also, I can sit down with my opponent, and tell them with all seriousness, "Your deck's going to win."Posted in: Announcements
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For example, lets say you foresee the price of a card spiking from 2 to 20+, due to a breakout performance at a GP you're at; you then trade for as many as you can as quickly as you can at (price your regular website shows, which doesn't reflect your expected spike yet). Did you shark people? Some will say yes, some no. You're attempting to use what you perceive to be foreknowledge to get an advantage trading. Does the speculative nature of that knowledge matter? Is it still sharking if the spike never happens, or is there and gone faster than you can say 'pump and dump'? Does the personal nature of the way the info was gained matter--would it be sharking if the spike warning came from a blog or MTG financial website, or from here?
Everyone can't have 100% the same information; some people put a lot more time into MTG finance than others, and some have other things to do in life. Similarly, people value speed/convenience more than others. As a separate example, a kid trading a Bob for an assortment of 20 rare slivers sounds like a horrible deal, and one it sounds like many of you'd jump in on to advise the kid not to do. But what if the kid in question can't find anyone in his playgroup who'll even trade 2 of the slivers he wants for anything else he has, really wants the slivers to play against his friends over the next 6+ months, and doesn't see himself ever playing any of the formats Bob is legal in? You can tell the kid not to take the deal because Bob is worth $40 (an informed guess, on your part) more than the slivers; but what if he's got no other outlets to get what he wants when he wants it? Let's say he doesn't take the deal, based on your advice. Unbeknownst to you, Bob's price actually was only $15 more at the time; in your zeal to help, you end up trashing a deal the kid was fine with, even if you weren't.
Finally, 'seeding' collections is a tactic disreputable sellers have used; trying to sell a collection that looks 'seeded' will drive away some bidders who might have bid on an unseeded, well-displayed/listed collection.
Generally speaking, MoMa's reprints didn't hurt shops; the drop in prices on a few high-value cards was offset by increased demand/prices for the non-reprinted high-demand cards, and by a general rise in price of some sets as they age and become less available. Non-shop collectors and people who 'just acquired' a card generally did feel like they lost out from MoMa's reprints lowering demand/prices on cards they had acquired at higher prices. Part of what drives the game is its collectibility; if every card was always available to anyone who wants it at minimal price, the game just wouldn't be nearly as successful. Reprints damage that collectibility (although how much is open to debate); this is why people eventually begin to drift towards trying to acquire Reserved List cards, due to their collectibility being protected from reprints.
It has to have enough 'valuable' goodies to sell well at the price point, but they can't throw everything into it--there have to be junk rares to balance draft and pack value. There also need to be enough 'thoughtseize/fetch' level cards set aside to act as sales drivers for future regular sets.
I'm interested in guesses on how many rares/mythics will be from the 2 new blocks added, vs. how many from MM eligible blocks? My guess would be 30%/70%, with about half that 70% being MM reprints.
Based on your story, I'd say you weren't colluding--but imagine how it would look to an observer if a player scooped up morphs w/o revealing them, and his opponent said "Since you're my buddy, I'm not going to call a judge, and let you get away with that like we do back at the shop". [Sidenote: The observer should call a judge immediately. As an observer, you should call a judge anytime you see something 'off'; don't try to fix it yourself, even if you're a judge who's not working that event.]
--So, assuming 4 week months, advanced plus stores will get 60 promos to hand out; that equates to the top 15 getting a promo, if they were awarded top-down. Sure, some months the promo will stink, but some months, it'll be good. Expect to see a lot more of these in circulation, which will depress prices, making them more available/less valuable.
--If your store wants to run a format players express interest in, they can. Some stores might even try a "grand format tour" approach--try everything at least once (hopefully with advanced warning on the calendar, so you can know what format you're playing that week). It'd be interesting to see statistics on FNM formats reported, to see which formats take off, which ones are seldom/never attempted, and which ones are regional favorites. Odds are very high WOTC won't release that data, but hopefully will use it for internal decision making.
Potential Not-so-good stuff:
--If you're going to a new store for FNM, you won't necessarily be able to just show up with a deck and be ready to go. Previously, if you have a standard deck and a modern deck in your bag, you'd be set for almost anything; now you're going to need to check in advance what format they're running that week. Also expect some splintering among your playgroup--some people will always want to play their favorite format; others will be able to muster 6 but not 8 for something else; some want to use FNM to playtest a format for an upcoming tournament they're going to, but everyone else doesn't; etc.
--Expect possible entry fees for 'zero-purchase' formats such as Cube Draft , for example. While Standard/Draft/Modern help support the store through driving pack/singles sales, formats which don't will need to still support the store, helping to pay for heat/light/employee(s).
--Potential Level 1 Judge Questions can now be significantly wider in format coverage. Previously, Level 1 test questions covered things that could happen at FNM, since that's what the vast majority of Level 1's would be judging; they were limited to things that could happen in FNM formats. Blowing FNM formats wide open means Level 1 Judge Candidates may need to know a lot more about format-specific weird situations.
Prices changing due to the market isn't a pricing error; this is similar to shops that decide to not sell a card as agreed when they were underpriced due to price spikes, choosing to refund and re-list at the higher price. While some might call it good business, it's horrible customer service--if you can't trust their sell price a store sets and maintains, why buy from that store? And in this case, if you can't trust a buylist they set and maintain, why sell to them?
Also, to the OP...Mothershup?