PROTRADER: A Cautious Reaction to SCG Indy

I began my Sunday morning the same way I always embrace the day – well, at least from an MTG finance standpoint. I suppose technically Monday is fairly unique in absolute, as I have the day off and I need to come up with an article topic.

This week I figured there’d be some interesting movers and shakers from the SCG Indianapolis Open worth diving into. It’s a brand new Standard format, and cards are bound to break out right? Surely there will be some key speculation targets based on Saturday’s results?

Honestly, I’m not so sure. While I’ll be first to admit I watched virtually zero coverage of the event yesterday (it was my wedding anniversary and so MTG time was understandably scarce) I did manage to catch up with what happened fairly quickly. And with this limited information, I don’t see anything to get very excited about. That, combined with the fact that Battle for Zendikar cards still remain one of the worst investments for anything behind a 2 week time horizon, and I am faced with some fairly limited options.

Allow me to explain a bit further, and then hopefully provide some constructive ideas that are worth considering.

Saturday Movers – Non Battle for Zendikar

Expecting to read up on the hottest strategies of the weekend, I started off at Star City’s website to read Saturday’s recap. Unfortunately, the site didn’t have much to offer in terms of what strategies were most successful.

“Day 1 of the #SCGINDY Standard Open is in the books and one thing is clear: you can play anything you want in Battle for Zendikar Standard!”

No leads here – and in fact, the more diverse the format is going to be, the less likely certain cards will be able to stand out. Take Saturday’s top winner (according to mtgstocks.com/interests) for example: Atarka’s Command.

Chart from mtgstocks.com due to recency of data.
Chart from mtgstocks.com due to recency of data.

The green/red instant is pretty much sold out across the internet thanks to a strong showing on camera during day one of the open. I can certainly get behind this card’s strength and utility in new Standard. But $17 guys? For a multi-colored rare? How often do we have a multi-colored rare sustain a $17 price tag in Standard? Not many come to mind from the past couple years, and I don’t think this card necessarily merits the price either.

I can’t get behind the magnitude of this move, and I can only advise to sell immediately into this spike. I checked top vendors and none have moved their buy prices just yet – I suspect a small bump, but not a 2x increase. In other words, I don’t think vendors going to chase this card this high and I recommend you don’t either. I missed this train and I’m not going to try and chase it down. Let’s move to the next one.

Things only become more perplexing when I look at the next top Standard “interest” on mtgstocks.com.

Chart from mtgstocks.com due to recency of data.
Chart from mtgstocks.com due to recency of data.

A $64 Planeswalker in Standard is not brand new, but it sure is rare. I believe Liliana of the Veil notched that honor only briefly while in Standard, and of course everyone knows the story of Jace, the Mind Sculptor.

So is Vryn’s Prodigy the next Jace 2.0? It certainly has some commonalities to the iconic Planeswalker. Most obviously, it’s Jace. It’s Jace that costs two mana, can flip easily, starts with five loyalty, can protect itself, can give you card advantage, and can help you win the game rapidly with his ultimate ability. Additionally, Vryn’s Prodigy was printed in what probably amounted to an under-appreciated and under-opened set. Fewer copies of this mythic exist than mythics from, say Dragons of Tarkir or possibly even Fate Reforged.

Net, the story matches up fairly well and naysayers (including myself up until recently) need to respect this card. Does that mean we go after copies in the $60 price range? Honestly, this is a difficult call. If he does have the appeal of Jace 2.0, we know his price ceiling is in the $100 range. But even if the card does retail for $100, you’re looking at selling copies for $90 on TCG Player, netting you closer to $80 after fees and shipping. Risking $60+ to make $80 at most is not the most attractive risk/reward equation. And if Vryn’s Prodigy comes short of my ceiling and stops around $75, you’ll be lucky to profit on copies you buy today. I’m going to sit on the sidelines for now – I may regret this decision later, but I would rather put my speculation funds to work in an asset with better risk/reward prospects. But as events unfold, it would appear the time to buy copies for use in Standard may be “right now”.

Beyond these top movers, I hear Hangarback Walker is still relevant, various Dragonlords saw play, and we haven’t seen the last of Siege Rhinos or Mantis Riders. All of these creatures are thus far still relevant in Standard post-rotation, and therefore they all remain attractive cards to keep an eye on. I would prefer cards from Origins or Dragons of Tarkir since they were opened up less and don’t have Fetch Lands to compete with for value. That being said Hangarback Walker has likely already peaked, while Mantis Rider remains attractive at a buck and change. Though the Dragonlords may be the most exciting targets – they’re mythic rares from Dragons of Tarkir selling at reasonable prices. If they have a large impact in new Standard, they are well-positioned to double in value.

Atarka's

If the Standard format truly is slowing down as many expect with Battle for Zendikar, then these are bound to see increased play.

What About Battle for Zendikar Movers?

Nope. Don’t do it. People chasing Bring to Light last weekend are not going to make much on the card unless it makes a huge splash at the Pro Tour – and even then, they have to sell the card immediately. Don’t get me wrong, the card is powerful and cool. I really hope it does well in Standard. But it’s already up over $6, and as a rare in Battle for Zendikar I just can’t see this card maintaining this price tag. Again I look to Siege Rhino for comparison – if Siege Rhino can only be worth $3 there’s no way Bring to Light is a $6 card in one month unless it is the go-to strategy for Standard. Can money be made on the card in the short term? Perhaps, if it breaks out at the Pro Tour and you sell right away. But understand that this has to be your strategy if you hope to profit on Bring to Light.

Bring to Light

It’s encouraging to see Oblivion Sower stabilize in price after making waves last weekend, but being in the Duel Deck sure puts a damper on the card’s value. Radiant Flames also saw play and an ensuing bounce, though I’m not sure what upside remains. Often these type of cards sell for in the $3-$5 price range, and applying the Expedition tax yields a target price in line with where the card is currently trading.

In short, I couldn’t get particularly excited about any Battle for Zendikar cards heading into this weekend and that hasn’t changed. It’s refreshing to see the newest set on camera, but there’s just so much risk from excess supply going forward. If you hope to profit on cards from the latest set, make sure you have an exit strategy related to any possible Pro Tour hype spike. That will be your best bet.

One Last Caution

We’ve been here many times before – certain cards make a splash during the first Star City Games open a new set is Standard legal. Certain cards appear to be the break-outs, only to remain absent in all subsequent events. Being such a young format, we cannot place all of our bets based on this weekend’s results. They’re better than nothing, perhaps, and we can glean certain ideas from them. But the Pro Tour is where the real movement takes place.

With this in mind, I’m going to keep most of my funds on the sideline. For one, I’m not a huge Standard speculator as it is. But more significantly, I didn’t see enough compelling data on Saturday to indicate that a given strategy is definitely here for the long haul. Rotation brings major change, and large format diversity only tells me things haven’t settled in place yet.

If I had to place bets, I would consider Dragonlords as prime targets. They are mythic rares from a less opened set with real potential in a slower format. If you want to make money on Battle for Zendikar, these next two weeks will be your window to do so. But such an endeavor comes with sizable risk, as you need to place correct bets on which cards break out at the Pro Tour. I may dabble here and there, but most likely I’ll watch this rodeo from the sidelines – it doesn’t fit my risk/reward equation well enough.

I wish everyone the best of luck as they place their bets these next couple weeks. I’ll be sure to weigh in on various ideas in the forums where I can, but understand that I remain largely risk-averse when it comes to Standard. I still maintain there are much safer plays out there with comparable upside, albeit over a longer time period. Modern Masters 2015 cards, for example, continue to reach all-time lows – eventually these will be attractive pick-ups, and moving hot Standard cards into staples like Cryptic Command or Mox Opal could be a very sound strategy.

Also don’t forget to pick up the Theros block cards you’re after these next couple months as they tank on their rotation (interestingly, Keranos, God of Storms has already bounced off its lows from a couple months ago).

Keranos

With Standard on the forefront of everyone’s minds, just don’t lose sight of other worthy pickups. Some of the most ignored cards now could become some of the most desirable six months from now. I’d rather remain ahead of the curve, and if I couldn’t do so with something like Jace, Vryn’s Prodigy then I will remain forward-looking and identify the next opportunity. It may be some Pro Tour breakout in the near term, but always think one step ahead and you’ll always have ample opportunities for profit.

Sig’s Quick Hits

  • It’s worth noting that eternal all-star Thoughtseize has sold off a little bit on its departure from Standard. Granted it’s still $21.15 at Star City Games, but they have plenty of stock and I believe we’ll see a dip below $20 before the card finds price support going forward.
  • Here’s a card I don’t hear about all that often: Nirkana Revenant. According to mtgstocks.com, the black creature just hit a new all-time high. Star City Games has just 2 near mint copies in stock at $16.79. With no reprint on the horizon, she’s only going to continue her gradual climb upward.
  • If I had to make my guess, there’s some Old School driven interest in Stasis. Even if I’m wrong, the card is surprisingly quite low in stock at Star City Games despite its many printings. They are completely sold out of copies from Revised and Fourth Edition. Beyond those sets they have just a couple across Fifth Edition, Alpha, Beta, and Unlimited. And Unlimited copies are hitting all time highs recently, selling at $11.99 at SCG. That’s quite high for a rare that sees no play in most other formats!

Battle for Fat Packs

As you may (or may not be) aware, fat packs are a hard commodity to come by these days. It really pains me to write this but Battle for Zendikar has only been out for a week and it seems like every local game store is already out of stock of BFZ fat packs. Umm… wow! That is some serious demand for full art lands.

The first pieces of evidence to stream in to Reddit include this posting, which stated that all sealed BFZ product for the player’s store was already out of stock. This by itself isn’t concerning since some stores pretty much always sell out of product quickly, especially if the store is smaller and there just aren’t many places around the area to buy product on release day. Next up we have this account from another player about how the store sold out of preorders almost immediately for fat packs, and that the store was actually telling people to buy the fat packs at big box Target and Walmart since they didn’t have any in stock and couldn’t order more. This is just so crazy, since the players were willing and ready to keep spending money at the LGS, and now that business has gone away from the LGS and spent at the big box stores. This shortage of fat packs boils down to the fact that Wizards only does one print run for fat packs – and this is how it has always been done in the past. Once that first print run has been sold out, there are no more to be had. This is why Zendikar fat packs are so crazy expensive. They are all first print run, which means that if you want to still try and play the hidden treasure lottery the fat packs give you a legitimate chance to pull a hidden treasure since all the fat packs are guaranteed to contain first run packs.

 

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Screen Shot 2015-10-03 at 12.42.14 PM

 

It has gotten so bad that Deriums, a store that has a huge online presence and is closely connect to the Magic community, has gone out of their way to explain why fat pack prices cannot (and most likely will never be) MSRP prices at local game stores. It all started with this video that Deriums put up on Reddit explaining why the fat pack prices are going to stay at $55 or higher MSRP as your local game store.

Of course, as the post aged more and more users were calling Deriums out as justifying a price hike (or even claiming outright greed) by overcharging their customers for a currently hot product. However, Deriums quickly responded to these criticisms by showing evidence that Wizards has already taken the fat packs off of the product reorder list in their restock emails to stores and distributors.

In the usual Deriums style, he says that if you think he is lying to you or scamming the community that you should report him to Wizards. He stated that if he was on the other side of the fence that he would do the same thing if he thought a store was price gouging by lying to their customers about the availability in order to increase the price.

However, his thoughts were about the CURRENT information we have about fat packs in the past – if you recall, Wizards was able to add more Mind Seize decks in later shipments of Commander 2013 print runs due to an outcry from players looking to pick up (at-the-time) Legacy staple True-Name Nemesis. We’ll probably be seeing the same type of response from Wizards for BFZ fat packs, since the demand is clearly, CLEARLY there for fat packs and players should be able to buy them from local game stores and support their community. Right now, it is a choice between two evils – do you knowingly price gouge yourself and support your LGS, or do you get the fat pack for MSRP but buy from the evil corporation?

From Walmart: The High Cost of Low Price • FULL DOCUMENTARY FILM • BRAVE NEW FILMS

Let’s go over two of the counter-arguments for not price gouging yourself. We’ll first go to Tolarian Community College, who released last weekend his fat pack review for Battle for Zendikar. It gives great coverage to the fact that for MSRP $40 the fat pack is worth it, at least compared to past fat packs that didn’t contain full art lands. The Professor also spends a great amount of time going over that the land pack will only cost you $12-$15 if you get the lands separately, whether it is through TCGPlayer or Pucatrade (20 to 30 Pucapoints per BFZ full art land). So if you’re looking to buy a fat pack for the lands, it’s better just to pick them up individually or just get them slowly over time through drafts. He also pointed out the Star City Games and Channel Fireball are both charging $60 per fat pack, and we all know that many LGS’s go by SCG or CFB prices (but did not add that there was only one wave of fat packs released, which is why the price is so high). In the end, he actually advocates buying through Target or Walmart for this product (he never does this, by the way, so I was very surprised to hear him recommend this) if your LGS won’t budge on price.

Second, MTGHeadQuarters released an angry video about local game stores selling fat packs above MSRP and how it is wrong to price gouge your customers so much. His argument is that even though there is a ton of demand, local game stores shouldn’t over price the fat packs to meet market demand. “LGS stores that are doing that, right here (middle finger to camera)”. He states that local game stores are not charities and we are not obligated to spend extra money there just because it is a local game store.

I could go on about what MTGHeadQuarters is saying but I think the reply by Markus Wade in the comments section of the video (after clicking on the link, pause and scroll down past the video and you should see LINKED COMMENT expand that one to read Markus’ replies) does such a great job covering the counter points that I’m just going to briefly talk about what Markus said. Markus argues (and I agree) that Youtubers and others in the community just don’t understand how rare fat packs currently are – however, like Deriums says if they change this and release more fat packs, the price of the fat packs is going to lower overall considerably over time. However, if Wizards comes out with a statement indicating that they aren’t releasing fat packs for BFZ ever again, I would expect that the high demand for the land packs is going to keep the fat packs up in price at local game stores for the foreseeable future, since as Markus states mostly casual players support local game stores and they aren’t going out of their way to find the best deal on fat packs – they’ll see what they want in the store, and just go ahead and buy it.

 

So, what conclusions can we draw from this anecdotal evidence on Reddit and Youtube? Well, clearly there are plenty of stores upcharging on the MSRP price of the fat pack, but at the same time those stores give pretty good reasons for charging the higher price. Ultimately, I’m on the side of TCC on this one but will add my own two cents. Right now, it is best to buy the fat pack from Target or Walmart because it is the easiest way to get one without paying an arm and a leg. However, let’s not call the game stores greedy, or say that they price gouging customers. There is real demand for this product, which we saw coming but never thought about the fact that we were only getting one wave of fat packs. Those of us that read websites like MTGPrice are clearly looking for the best price of both singles and sealed product, and laugh at people paying $60 for BFZ fat packs. Yet like Markus indicates in the comments of the MTGHeadQuarters rant, casual players are happy to buy the fat packs from local game stores because that is the easiest way for them to get their product. It also additionally supports the local game store for those that want to “give charity” for all of those unsold Fate Reforged fat packs and razor thin margins the stores make on booster boxes.

Even I didn’t realize fat packs were similar to products like From the Vault and Modern Masters (I’m referring to the first Modern Masters here), where only one wave is released and the market dictates the price. I expect Wizards will be releasing a statement on BFZ fat packs in the near future since many players want a pack of the full art lands, so I’ll be following the fat pack craze pretty closely. My prediction is that they are going to release another wave of these things based on demand, just like they did with Mind Seize in Commander 2013. If you want to support the local game store, go for it – nobody is stopping you. Just realize that the MSRP for the fat pack is $40 and you shouldn’t be paying much more than that for full art lands since the price of those lands is going to come down drastically over the next several months as players open what is probably going to be the most Magic product in the history of the game so far. Thanks Expeditions!

I’ll end with saying that history indicates fat packs are great speculation targets at MSRP. Fat packs are great money makers in the long term, with more proven ROI than booster boxes. This will be true for BFZ as well, even if another print run is released due to the full art lands. I’ll be looking to pick up a few extra of these but certainly not at LGS marked up prices. Keep a lookout for another run of the fat packs in the future, and in the meantime check out your Targets and Walmarts to see if you can get one or two extra to stock away for future profits if your LGS is currently overcharging for fat packs.

What does everyone think about the current fat pack craze? As usual, let me know in the comments and thanks for reading.

Brainstorm Brewery Episode #164 – Into Demon Cats

 

Brainstorm Brewery #164- Into Demon Cats

 

Craig Wescoe is a pretty good guest. He’s a deck brewer and a member of Team Ultra Pro. He is the foremost white player (white deck player; don’t bring race into this) and he’s a financier to boot, writing financial review articles for each set on TCG Player. You want to hear what he has to say about stuff? Of course you do. He’s not into Demon Cats, by the way. I don’t think I am, but I can’t rule it out. How do you really know? You have to look at a bunch of pictures of Demon Cats and maybe you’re like “Huh, that’s my thing now, I guess. Awkward.” I’d say “awkward” is a bit of an understatement, but that’s me. Why don’t you listen to Craig’s interview rather than looking at weird Demon Cat pictures on the internet, you sicko?

 

  • Craig Wescoe joins us as a guest (@Nacatls4Life)
  • How do you evaluate a new set?
  • What are Craig’s favorite cards?
  • Craig likes this set. You’re WRONG if you don’t
  • What are Craig’s goals for next year?
  • Support our Patreon! DO IT. You know this cast makes you more than $1 a week
  • Need to contact us? Hit up BrainstormBrew@gmail.com

 

Contact Us!

Brainstorm Brewery Website – E-mail – Twitter Facebook RSS iTunes Stitcher

Ryan Bushard – E-mail – Twitter Facebook

Corbin Hosler – E-mail – Twitter Facebook MTGPrice

Jason E Alt – E-mail – Twitter FacebookMTGPrice

Marcel White – E-mail – Twitter

 

PROTRADER: Battle for the Future of Zendikar

I’m not 100-percent convinced that time is actually linear. Take, for example, today: October 1. Today is quite possibly going to be one of the longest days of our lives, and that’s because tomorrow is the release of Battle for Zendikar1. I want to open packs so badly!

I know a lot of the finance community likes to say that opening packs is a sucker’s game and that it’s better to wait and snipe cheap singles (and everyone who says that is right), but there is an electricity in the air on set release day and I absolutely love it.

Also, I’ve noticed that it rains on almost every release day that I can remember for the past several years (not that rain in Florida is that uncommon), but it’s still something that I always notice.

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