This is actually an unprecedented move by WotC. I cannot recall another product that was reprinted after it's "shelf life" had expired (please correct me if I am wrong here). I am hoping this opens the door to reprints of "draft sets" of older sets. How awesome would it be to get a 24 pack box of Shards of Alara block with 8 packs of each set so you could draft it? Or original Ravnica? Or even Rise of the Eldrazi? As a fan of the game I would absolutely love to see this happen.
Yeah, the millionaires of Magic live here in Vancouver, we probably know the same guys :thumsbup:
But maybe not. The millionaires of Magic I know just took a massive haircut they weren't expecting, and didn't love it. Silly millionaires!
Wow, set value is dropping FAST.
And since this is unlike most sets in that it will be printed in monstrous numbers, for as long as Wizards wants and for as long as there's any demand for it, expect that to come down even faster and further than most sets do.
A true devaluation of the secondary market, en masse. Very interesting to watch from an economic/investing standpoint, wow.
Wizards profits huge. Selling ink on cardboard for higher prices than they've ever been able to charge before - profits way up! It's like being able to legally print twenty dollar bills all day long.
Older players/collectors (anyone with cards) lose.
Newer/younger players/collectors win (the stuff they need is cheaper now), and generally aren't able to understand why everybody else is upset.
End result: Wizards makes record profits off the backs of their loyal collector and player base, while the younger and newer majority of players applauds, ensuring this will keep happening.
I missed the part where the older players are upset. Because all of the older players I've played with here in the city (stores in Langley, Coquitlam, Vancouver) are super excited about the set.
Edit: Gee, so much elitism. It'd be like going to a BMW meet and having people shun me because I didn't have original parts, but replicas (reprints). Guess what, never happened, and we all know the stereotypes. Everyone who looked at my car was like "wow, looks nice, are the [parts] OEM?" and I'd be like "nope, reps, because the OEM stuff is ridiculously expensive!" Most people would then ask me where to get them, in case their parts ever got damaged, so they'd have a replacement.
These are people that have poured tens of thousands of dollars into their cars. How in the world can Magic players be so petty? But I digress.
I guess it's a good thing the people I play with don't view the game as an investment. And we all have five, sometimes six figure collections. Go figure.
So I obtained one of these by trade and am wondering what the best course of action is. I've heard here and there to sell it ASAP and some people are sure it will rise in the future.
Thoughts?
People above were mentioning Broodmate Dragon; forget that. Crystalline Sliver was way more expensive, and it also was mass released. Same with the Judge Foil Entomb.
Regardless of your business size, a customer is a customer. As a business owner, you find a way to communicate the issue. I emailed twice and called the number with no response. That is the problem. Now I won't use that business again and will let all my players and friends know to avoid his site.
~throwi
Too bad; I'd still buy there. The guy posted on Reddit apologizing, some people got their orders, others didn't.
I find that many people have unreasonably high expectations. If you walk into WalMart and they sell out of a limited-quantity sale product, are you also going to whine? I don't think so.
Magic is showing many signs that it is close to peak popularity and value.
What are some examples of these signs?
Same as in any other market which is in a bubble.
- prices going up steadily to new highs, and then even higher new highs (much like the US stock market in the past 5 years)
- number of promos rapidly increasing
- the new ultra-mythic-unique rarity
- Wizards printing off millions of chase rares for "special edition" sets, directly sucking value from collectors/players into their pockets, devaluing all copies of those cards already in existence
- all time highs in participation (in the game, and in the secondary market)
- the "it can only go up" argument, also heard in the 2006 housing market
- panic buying (many participants are worried prices will get too far ahead of them so they buy now at any price, just to be involved)
- supply and demand have less impact on prices than usual, with hype taking on a more active role
- increasing attempts to "corner the market" or "pump and dump" certain items
- excessive leverage entering the market (ie: players are aging, and can access more funds or even loans to get involved with)
- there has been no significant price correction at all for quite some time
- price charts that look like hockey sticks (also known as exponential growth, also known as blow-off-top formations)
- many people saying "it's not in a bubble", and very few voices to the contrary (overwhelmingly bullish sentiment across the board)
- people pointing at "is a crash imminent?" posts made 2 years ago, as proof that a crash is not imminent
You can't see the bubble until afterward - which is why it exists in the first place. If you find yourself, and most people around you, feel the market can only go higher even though it is already at record highs........ well just remember that observation after the pop, and learn to listen to it next time.
Sell when almost everybody else is buying and thinking it will go up and up forever. Buy when there's blood in the streets and almost everybody thinks it will get even worse. (But it's very tough to follow that advice.)
I get flamed almost every time I say the game is in a massive bubble right now, but what do I know.
Frankly, I've whittled down my collection to only cards I really really want to have. FNM Promos, Judge Promos, 1:100 foils and I might be picking up an IE set because they're stupid rare. That's about it. The rest is either sold or in the process of being sold. $200 Revised duals are long gone.
Date a hot Spanish or Portuguese woman and have her help you.
Best advice so far.
Additionally, in cards that have more than one word in the title, Portuguese has each word capitalized, while in Spanish, only the first word is capitalized.
Or Portal 3 Kingdoms...
Nope, Chronicles.
Renaissance was Italian/French/German.
I personally wouldn't, as I've seen many get burned by 'limited release' promos.
Yeah, I wonder if they're updating based on Pacific Time now.
Definitely not the same people.
I missed the part where the older players are upset. Because all of the older players I've played with here in the city (stores in Langley, Coquitlam, Vancouver) are super excited about the set.
Edit: Gee, so much elitism. It'd be like going to a BMW meet and having people shun me because I didn't have original parts, but replicas (reprints). Guess what, never happened, and we all know the stereotypes. Everyone who looked at my car was like "wow, looks nice, are the [parts] OEM?" and I'd be like "nope, reps, because the OEM stuff is ridiculously expensive!" Most people would then ask me where to get them, in case their parts ever got damaged, so they'd have a replacement.
These are people that have poured tens of thousands of dollars into their cars. How in the world can Magic players be so petty? But I digress.
I guess it's a good thing the people I play with don't view the game as an investment. And we all have five, sometimes six figure collections. Go figure.
People above were mentioning Broodmate Dragon; forget that. Crystalline Sliver was way more expensive, and it also was mass released. Same with the Judge Foil Entomb.
I'd sell yesterday.
Too bad; I'd still buy there. The guy posted on Reddit apologizing, some people got their orders, others didn't.
I find that many people have unreasonably high expectations. If you walk into WalMart and they sell out of a limited-quantity sale product, are you also going to whine? I don't think so.
This is the case here.
I get flamed almost every time I say the game is in a massive bubble right now, but what do I know.
Frankly, I've whittled down my collection to only cards I really really want to have. FNM Promos, Judge Promos, 1:100 foils and I might be picking up an IE set because they're stupid rare. That's about it. The rest is either sold or in the process of being sold. $200 Revised duals are long gone.
Best advice so far.
Additionally, in cards that have more than one word in the title, Portuguese has each word capitalized, while in Spanish, only the first word is capitalized.