Only bringing this up because how high the asking price is: FTV: Relics Mox Diamond has hit the roof. Last night the asking price was around $800 w/ 4 or 5 listings on TCGPlayer. This morning there are a few more asking prices hovering around $500. Even if it starts selling at $300, that's still double the price before.
There must've been a buy-out, again.
Asking prices are for the most part not very useful in determining the actual value of a card. While asking prices CAN affect the perception around a card, I think that it almost always makes more sense to just check something like "Sold Listings" on ebay to see what money people are actually willing to pay for something.
As of yesterday copies were selling for ~$190, but there are only a few copies of that card on ebay at the moment, and several cards on tcgplayer all asking for double that (~$400+). One of two things will likely happen in the short term. One: people decide to continue buying FTV: Mox Diamonds at twice the price they were yesterday and the price is justified and stabilizes becoming the new norm even with people deciding to dump theirs, or two: people don't buy at >$400 and the price regulates to some degree over a short period of time while more copies enter the market.
To track back to the original point though, the actual value of the card is ~$190 until people start buying it at higher prices, which no one has yet that I am able to tell.
It seems like just about everything on the RL is being targeted and bought out probably based on supply, especially cards from older sets like Antiquities and Legends as the "price" will be easier to artificially spike abusing the automated price calculation systems in place due to such low existing numbers online.
The weird part is that a lot of these cards are being bought mid-spike or after the initial buyout. Sword of the Ages is a good example of this. A card that was 10 dollars a month ago was bought out in the last few days, rocketing its perceived price to numbers that people aren't going to pay (for example mtgstocks has it at over $130, which is silly), but during the buyout people were paying up to $50 for the card.
Maybe that's the representation of the few collectors out there that would want this card that bought it out of panic? Either way, quite a few people just got 40-50 dollars for an unplayable card (or maybe its played in 93/94 but I don't know). Many of the other recent bad RL card buyouts follow the same trend.
Asking prices are for the most part not very useful in determining the actual value of a card. While asking prices CAN affect the perception around a card, I think that it almost always makes more sense to just check something like "Sold Listings" on ebay to see what money people are actually willing to pay for something.
As of yesterday copies were selling for ~$190, but there are only a few copies of that card on ebay at the moment, and several cards on tcgplayer all asking for double that (~$400+). One of two things will likely happen in the short term. One: people decide to continue buying FTV: Mox Diamonds at twice the price they were yesterday and the price is justified and stabilizes becoming the new norm even with people deciding to dump theirs, or two: people don't buy at >$400 and the price regulates to some degree over a short period of time while more copies enter the market.
To track back to the original point though, the actual value of the card is ~$190 until people start buying it at higher prices, which no one has yet that I am able to tell.
The weird part is that a lot of these cards are being bought mid-spike or after the initial buyout. Sword of the Ages is a good example of this. A card that was 10 dollars a month ago was bought out in the last few days, rocketing its perceived price to numbers that people aren't going to pay (for example mtgstocks has it at over $130, which is silly), but during the buyout people were paying up to $50 for the card.
Maybe that's the representation of the few collectors out there that would want this card that bought it out of panic? Either way, quite a few people just got 40-50 dollars for an unplayable card (or maybe its played in 93/94 but I don't know). Many of the other recent bad RL card buyouts follow the same trend.