PROTRADER: MTG Fast Finance Podcast: Episode 33

MTG Fast Finance is our weekly podcast covering the flurry of weekly financial activity in the world of Magic: The Gathering. MFF provides a fast, fun and useful sixty minute format. Follow along with our seasoned hosts as they walk you through this week’s big price movements, their picks of the week, metagame analysis and a rotating weekly topic.

 

Show Notes: Sep 16th, 2016

Segment 1: Top Movers of the Week

Note: Price movements reflect posted NM prices, and may not represent prices players have paid.

Dwarven Recruiter (Odyssey)
Start: $0.40
Finish: $3.00
Gain: +$2.60 (+650%)

Amulet of Vigor (Worldwake, Foil)
Start: $13.00
Finish: $24.00
Gain: +$11.00 (+85%)

Life from the Loam (Ravnica, Foil)
Start: $50.00
Finish: $85.00
Gain: +$30.00 (+70%)

Brushland (7th)
Start: $11.00
Finish: $18.00
Gain: +$7.00 (+63%)

Treachery (Urza’s Destiny)
Start: $16.00
Finish: $24.00
Gain: +$8.00 (+50%)

Engineered Explosives (Modern Masters, Foil)
Start: $60.00
Finish: $89.00
Gain: +$37.00 (+48%)

Segment 2: Cards to Watch

James Picks:

  1. Treachery (Urza’s Destiny) Confidence Level 8: $20 to $30 (+50%, 0-12+ months) Card has already plateaued a few times this year, but we aren’t ever getting a more powerful control magic effect than this, the card is on the reserved list and further gains are inevitable.
  2. Aether Vial (Masterpiece Foil, Kaladesh) Confidence Level 7: $90 to $150 (+67%, 12+ months) One of the more popular cards in the series, a constant 4-of in both Modern and Legacy, and one that features open ended synergy with future creature decks. This pick is dependent on the card finding a low at this price in Oct/Nov, but James likes anything under $100 for them.
  3. Thought-Knot Seer (Foil, Oath of the Gatewatch) Confidence Level 8: $20 to $30 (+50%, 6-12+ months) This is a repeat of a call James made in Episode 29, when the card was at $15. As a 4-of foil rare played in both Modern and Legacy in Tier 1.5+ decks, this has more to give.

Travis Picks:

  1. Rest in Peace, Return to Ravnica, Confidence Level 8: $4 to $10 (+150%, 0-6+ months)

Disclosure: Travis and James may own speculative copies of the above cards.

Segment 3: Metagame Week in Review

This week the guys broke down some of the very interesting decks that showed up in Paris at the Bazaar of Moxen Legacy tournament (195 players).

The Top 8 included updated versions of Dredge, Death & Taxes and a very innovative RUG Opposition brew. Notable

Segment 4: Topic of the Week

The impact of the Masterpiece Series and the greatly exaggerated death of MTGFinance.

The guys break down the financial impact of the Masterpiece Series on the Expected Value of cards in Kaladesh, the expected methodology for investing in Standard cards and examine the possibility that hype driven features like Expeditions and Masterpiece actually increase the cost of Magic: The Gathering by design.

 

PROTRADER: Masterpiece Theater

Okay, so just a little programming note here at the top- today’s previously scheduled set review has been pushed back a week in light of recent events. You know exactly what I mean. Today is going to hinge on the announcement of Magic’s new Masterpiece Series, the various impacts it has had and will have moving forward, and then we will talk about the offerings in the Kaladesh edition in particular. My expectation right now is that future Masterpiece editions will not require an entire article, but we will see how that shakes out in a year from now.

 

Okay, so… wow. The Masterpiece Series. Huh.

This is probably the best way of verbalizing something I have been grasping at for a while, and I don’t think I quite got it myself until now. The market system that we have been operating has been changing over time, and I think it has reached the point where it is categorically different. The printed supply of new sets for the last year or so has seemed to sufficiently saturate the market, and the addition of Masterpiece sets seems to be intended, at least in part, to push sales. Per MaRo’s announcement on Monday:

Challenge #1: Keeping Standard Accessible

Standard is the most-played Constructed format. It’s designed as an entry point for players who wish to play Constructed Magic. Through market research and social media, we learned that many of the players who were interested in playing Standard felt it was something beyond their reach. We had to find ways to address this.

we found that Zendikar Expeditions drove more players into the Battle for Zendikar block, which resulted in greater accessibility for all the non-Expeditions cards. Zendikar Expeditions actually made it easier to play Standard. Hmm, a way to address challenge #1.

I don’t want to pull too much from my original piece for this week, the Standard Set Review, but I think its important to realize that a major driver of the Masterpiece Series is pushing more people towards participation in Standard. It makes sense, given that Standard has the most impact on WotC, while serving as perhaps the best form of advertising when healthy. While depressing the value of singles makes for a player-friendly format, it only benefits dealers if it generates new or lapsed former players for the market. Even if we see an increase in new players, I’m not sure it will be immediate, nor do I think we can expect the kinds of huge gains that were happening over the last several years. It’s unlikely that another set will sell out the way RTR did, even with the added incentive of potentially opening a sweet StarGate Crucible of Worlds.

It kinda looks like a StarGate.
It kinda looks like a StarGate.

Enough people have talked about the short term effects (cheap Standard) by this point, so let’s go ahead and sim forward a few years.

5 YEARS OF MASTERPIECES: My guess here is that outside of a very few cards (design or development flaws, a la Collected Company), we are not going to see many new cards hold much value after rotating out of Standard. Masterpieces will slowly be “normalized” in the sense that focus will trend more towards a few inclusions rather than the appeal of opening one at all. I expect player growth to be plateauing by this point.

10 YEARS OF MASTERPIECES: At this point, it’s likely that the Masterpiece Series is suspended OR has evolved over time in ways that are difficult to predict. The Kaladesh Series only includes 5 cards from the set itself (the marquee “titans” of the block), but I suspect that that ratio of new cards to old cards may shift as the viable reprints winnow. WotC is likely going to have to swing harder as the years go on, just because pricing will likely become normalized. Preorders for Zendikar Expeditions were wild because it was new territory, in 2026 it’s likely that the financial algorithm is largely solved. Call me crazy, but it’s possible that Hasbro and WotC slowly start to peel back Reserve List restrictions and that in a theoretical distant future there are Masterpiece Underground Seas. This is assuming that player numbers REALLY suffer to a point where the game has contracted significantly.

We’ll see how all of that shakes out down the line, and I do think it will be worth examining the success of the series this time next year. For now, let’s talk about what we know of Kaladesh Inventions and what it tells us about Masterpiece philosophy:

  • This is an ‘Artifacts Only’ set.
  • There are 24 inclusions in Aether Revolt, 2 of which are Swords, and likely 5 of a new cycle.
  • WotC is not afraid to include constructed staples (Aether Vial) or otherwise unsupported mechanics (Metalcraft).
  • Flavor is a meaningful factor.

So we can expect very straightforward themes, at least in the short term, hinging on things that are both easy to boil down while staying in theme with the world. Kaladesh is an artifact-centric plane, so the Masterpieces are literally exhibits at the county fair or whatever. Some of the cards were re-flavored better than others (isn’t Brighthearth a place?), but mostly everything fits in well with “artifact only subset” and “Kaladesh County Fair Exhibit”. There can and will be split cycles, even though WotC probably messed up by putting two of the worst swords together by themselves in the second set.

I'm not saying that this is the worst sword, but it's not the best.
I’m not saying that this is the worst sword, but it’s not the best.

Just as Oath had some REALLY spicy Expedition lands compared to BFZs straightforward cycles, I expect to see some more aggressive printings there as a means of bolstering a smaller set. Aether Vial is an interesting choice because it is almost exclusively played in formats where it is at a 4x. Just as utility spells (like Char) were singled out as “mostly going to stay at rare” when mythics were announced, it is interesting to see that not all Masterpieces will just be EDH upgrades. This creates a situation where some Masterpieces are wanted in multiples, compared to things like Mind’s Eye, which will be wanted as individual copies. Expect much higher prices here as people compete to complete sets. Flavor and commitment to theme kept out things like Phyrexian Metamorph and Arcbound Ravager, but Metalcraft was not an issue. This means that as long as the textbox is the only restriction, it’s likely that cards that otherwise wouldn’t make the cut are able to fudge their way in.

I’m not sure its worth speculating on what may be in Aether Revolt (other than the two swords and some number of currently nonexistent cards), but is it fair to say that I expect it to be the “better” of the two?

Also, I don’t think it is going to be wise to try and bet on what will and what won’t be included in a set. My advice is to just avoid any big risks until this problem is solved.  Ironically, this means gravitating MORE towards Reserve List staples and smaller newer stuff with a higher sale velocity.

Let me know what you think about these, and your thoughts on the Masterpieces in general. We’ll talk about the REAL Kaladesh set starting next week, including this card which seems to have a rejected Paramore album cover as the artwork.

That's what you get when you let your heart win.
That’s what you get when you let your heart win.

Best,

Ross

PS- I’ve been on a big MST3K binge literally since the announcement of Servo tokens, and Club-MST3K.com has every episode for free with no commercials. This is my way of circulating the tapes in 2016.

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Rares of Kaladesh

Didn’t we just do this? We just had a new set, right? It feels like this has been a lightning-speed summer, with set after set after set. We also have the news about the Masterpiece series, a set of chase reprints that will help hold down values, as people crack boxes to get these absolutely gorgeous foils.

I love what the Inventions offer, and I want to reiterate what this means for the rest of the set: lower prices. Battle for Zendikar had very few pricey cards, because the Expeditions were in such demand and lots of product got opened. We are going to see this at work as well in Kaladesh, pushing all the rest of the set downward financially. My picks today reflect that; I don’t see a lot of value in the gold symbols. We haven’t seen it all, but so far, I like some foils and I expect a lot of cheap cards.

Kaladesh has had two more spoiled mythics, so let’s jump into those before I discuss the rares that are worth it.

Combustible Gearhulk – Big and packing a giant zap, your opponent should never let you draw three. I’ve played Browbeat, and your opponent will always take the damage. I love that this combos with Eldrazi Displacer to make someone very sad, but since no one will ever let you draw three, this will be about $4 tops.

Dovin Baan – This into Fumigate is going to be the control deck’s dream for the next eighteen months. This card does everything that deck could desire, drawing and life and delaying. It’s going to see a lot of play, but I think that the Inventions keep this under $20, but above $15. He’s not going to see as much play as Gideon, Ally of Zendikar, and that’s a best-case scenario for a big-set planeswalker.

Now, the rares!

Panharmonicon – This is likely the best long-term hold in the set, but it is also the most reprintable. Wizards keeps finding ways to reprint stuff and I think that I’m going to pick up lots of these as they approach $1 for the regular, but this is going to have a big foil multiplier, I suspect between $5 and $10. No matter, as the foils are going to be an excellent way to retain value going forward.

Animation Module – As the rare of this cycle, it’s got the most potential, especially in foil, but that’s a lot of hoops to jump through. Barely above bulk.

Aetherflux Reservoir – What’s not to love? This is a fantastic way for lifegain decks to have a plan to win the game. It’s also instant-win to get played alongside Exquisite Blood, gaining 50 each time you deal 50. This is going to have a similar trajectory as Panharmonicon, with an impressive foil multiplier and a card I want to have many of when the set is done.

Metalwork Colossus – Nonartifact creatures means mana rocks. Plan accordingly, but keep in mind this lacks trample or anything like it. Likely a bulk rare.

Padeem, Consul of Innovation – Four mana is a lot, especially to not get the extra card for a whole turn, but I think the casual appeal will keep foils well above bulk rates.

Oviya Pashiri, Sage Lifecrafter – I want the regular copies to keep their price, but that won’t happen. She will be about $1, with a foil that jumps dramatically, past $5. She’s amazing in all the Doubling Season decks.

Insidious Will – I love this card in Commander and Cube. I don’t think this is good enough for Standard, at least not more than one or two for decks, but I think this will be a pretty foil and be able to ask at least $2-$3.

Fumigate – I have looked high and low and I can’t find a wrath that could gain significant life. I t suspect that it’ll see a lot of Standard use, but I’m sort of excited about the foils too. I can easily see a board wipe gaining 10 or more life, with the potential to be really disgusting. Foils should end up about $3-$4.

PROTRADER: PucaPicks for 9/15/16

I’ll be honest, I really miss the old Puca search tool. I miss it being a Puca creature, I miss being able to type in stuff in the different fields, the simple ease of what I knew went into a certain box.

I love the desktop site, it’s so pretty, but yeah, I’m still transitioning and I truly despise the mobile interface.

This week I want to look back at just Battle for Zendikar this week, because those are going to rotate out in six months and I expect these to start trending downwards. Oath of the Gatewatch will be following soon after.

I haven’t finished my research on the Inventions yet, but believe me, I’m super aware of what they offer on Puca. That should be ready next week, just in time for the Prereleases.

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