Grinder Finance – Winter is Coming

winter is coming

 

Yes, I realize it’s August.  I know it’s pretty much the middle of summer, and my article’s title makes little sense.  But give me a minute before you close the window to explain.  Winter is coming, and I don’t mean in the Stark way.

Note: Some of things I’m going to talk about are from the point of view of someone living in North America.  These examples may not be accurate to people living in Europe, Asia, and especially in the Southern Hemisphere.

So when people say “Oh yeah it’s Modern season,” what do they really mean?  Well there are two types of “seasons” in Magic.  One season has now become the Preliminary Pro Tour Qualifier (or PPTQ) season.  There have been many versions of the PPTQ seasons but now there is a specific format for each one.  There are 4 PPTQ seasons per year (one for each Pro Tour) and they can only be the constructed format that corresponds to the Pro Tour or Sealed Deck.  What that means is with 3 Standard Pro Tours per year and 1 Modern Pro Tour per year, we get 3 seasons of Standard and 1 season of Modern.  Basically,  it’s almost always Standard season.  Even during the Modern PPTQ season there are plenty of people playing Standard at FNM, Grands Prix, StarCity Games Opens, etc.  For this reason, Standard cards are not affected by the PPTQ Season.

Standard cards however, are susceptible to the changing of the 4 seasons of weather.  Let’s talk about the last year of season to explain how we got to where we are.

Fall / Autumn :

Theros

This is the season where the typical large Fall set is released.  Depending on the day of the week, most of these sets release in late September or early October (Magic products always release on a Friday).  In the previous rotation cycle, this is set entering Standard kicks an entire year of Magic out of Standard.  With the release of Theros, Innistrad block and M13 both rotated out.  The cards from this set are usually very powerful in order to shake up a lame duck standard format.  Typically cards from this set are also under very volatile conditions the first month as people figure out the “new” Standard.  This is generally a poor time to buy cards because prices are high due to lack of supply.

Winter:

Born of the Gods

The winter set was the middle set of a 3 set block but now will be the last set in 2  set block.  Born of the Gods, like many middle sets, was a small set that is supposed to greatly impact standard.  Unfortunately this time Born of the Gods was unable to be the big shakeup set that some middle sets, like Gatecrash, can be.  Currently there are only 2 cards in the set worth over $5 and this was true for most of it’s lifetime.  This set is usually released in early February.  It is critically timed right after the holiday break when most people will return to playing Magic.

Spring:

Journey into Nyx

The final set of 3 set blocks is released in the Spring.  It allows for the “final piece” of many decks to be assembled and become dominant.  Cards from this set have to push some boundaries to make a splash in an otherwise established format.  When this set is released, Standard’s card pool is almost at it’s largest.  It makes it a lot harder for cards to break into the spotlight.  In Journey into Nyx, Constellation was saved for this set to hopefully revitalize the enchantment theme.  It was not very successful but recent emergence of Starfield of Nyx and Herald of the Pantheon have completed the deck as Wizards may have initially wanted it.

Summer:

m15

All Magic blocks culminate into Summer Slam… Or maybe that’s wrestling.  I always get those two mixed up because they’re so alike…  Anyway, the summer set is usually released in July.  It usually has pretty poor sales compared to Fall sets and card scarcity is usually a big issue.  This set is not opened as much because a lot of people go on vacation or (in the case of college students) are out of school for the summer.

 

Now what does that all mean for a card?  Let’s take a look at Stormbreath Dragon for a historical analysis of how the seasons affect a card price.

Click to enlarge
Click image to enlarge

Stormbreath Dragon was released in October of 2013 in the fall set, Theros.  We can see it starts at pre-order price about $20.  Many people compared it to the much loved Thundermaw Hellkite but still many were skeptical of it’s smaller stats.  Then within a few weeks, peopled played with the card and realized it was insanely good! Boom, over night basically it was a $40 card.  That’s typical of popular fall set mythic rares.  And then afterwards, we see the slow decline into winter.  The peaks and valleys of this price graph is typical of cards from the fall set because of the seasons.  People play a lot less Magic during the month of December.  Wizards of the Coast Organized Play events go on break for usually the entire month of December and people frequently go home to visit family for the holidays.  This is by far the best time to buy into the fall set.  The best time to buy Battle for Zendikar will likely be during December and January.  Why?  Well because right after this dip back into reality, there is usually a spike around February after the 2nd set of the block is released.  Some decks become revitalized with new cards and people are excited to return to what they used at the beginning of the last set release.  Stormbreath Dragon again climbs up for a few months.

The second best time to buy the fall Standard-legal cards is the summer following it’s release.  This used to be the time for much maligned Core set releases.  Prices dip once again because some people want to go to the beach or do stuff outside.  Personally, I don’t know why anyone would want to go out into the sun and ruin their perfect pale complexion, but to each their own I suppose!  Summer is also another break for students.

The next peak for Stormbreath Dragon is… in the fall again?  Yep, traditionally rotation occurs with the new fall set.  This means anything that was keeping a card down from the previous block rotates out and it’s a brand new format!  The thing that really shakes up at rotation is how many cards are leaving and entering.  With the release of Khans of Tarkir in the fall of 2014, 269 new cards were entering the format.  The rotation of Return to Ravnica block and Magic 2014 removed 928 cards from the format!  Players are often not prepared for this amount of churn.  It’s been a while since anyone has drafted the previous years’ sets and people are excited to open new cards.  This causes the single prices for the previous block to increase due to no increased supply but greatly increased demand.

And then as soon as it happens, it’s winter again.  December and January see large drops in card prices across the board. This year was a little weird because two set releases were a little sooner than usual.  Fate Reforged was released almost two weeks earlier than usual (January 23rd vs Born of the Gods, which was released on February 7th).  Dragons of Tarkir was released a MONTH earlier than Journey into Nyx (March 27th vs May 2nd).  This was change was to accommodate the much-anticipated Modern Masters 2015 (released May 22nd).  The last hurrah for Stormbreath Dragon was a little later than usual because Dragons of Tarkir, as the name might imply, has many synergies with Dragons.

Side note: Dragon’s Maze continues to be one of the biggest disappointments because you can’t name a set “Dragon” and have none in it.

Notice how the last hurrah ended in May?  With the release of Modern Masters 2015, many people decided they were done with Theros block cards.  Grand Prix Las Vegas was largely responsible for the huge sell off of Theros block staples that cause the sharp decline in the Dragon’s Price.  From here on out we can see what lame duck cards do until the end of the format.  Stormbreath Dragon will be a great card for many years to come and pretty difficult to reprint due to Monstrosity.  If you were waiting to grab these for EDH your prime time is closing in.

Now for the feedback part of this article.  How do you like the structure? Would you like to see how seasons affect cards from the Winter, Spring, and Summer sets?  My next article will explain how play seasons affect Modern card prices.

PROTRADER: The Mythics of Fate Reforged

Last week, we went over the mythics of Khans of Tarkir. With depressed prices due to peak supply and fetches driving everything else in the set down, mythics are great, low-risk investments that have the potential to see exponential growth due their relatively short supply.

Although Fate Reforged and Dragons of Tarkir lack the downward pressure of fetch lands (apart from the rare FRF pack), they are both also at peak supply. Also keep in mind the huge effect that Draft has on card supply. Assuming equal number of drafts fired from last fall to now (which is almost certainly not accurate, but let’s roll with it), we have roughly this proportion of each of the sets in this block:

  • Khans of Tarkir: 55% (3x drafted in the fall, 2x drafted in the winter)
  • Fate Reforged: 22% (1x drafted in the winter, 1x drafted in the spring)
  • Dragons of Tarkir: 22% (2x drafted in the spring)

For context, that means that if one million Siege Rhinos were opened in drafts, there would only be 400,000 Tasigurs. And since Tasigur is a rare and mythics appear at a rate of one-in-eight, there would only be 50,000 mythics from FRK or DTK, compared to 125,000 of each mythics from KTK. Keep in mind that these numbers are all purely hypothetical—Wizards does not provide sales data to us plebs—but using these rough proportions can show you just how stark the difference in supply is from a fall-set rare compared to a spring-set mythic: in this case, a ration of 20 to one.

With all this in mind, let’s take a look at the mythics from Fate Reforged today. We’ll hit Dragons of Tarkir next week for you completionists out there.

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MTGFinance: What We’re Buying & Selling This Week (Aug 24/15)

By James Chillcott (@MTGCritic)

One of the most common misconceptions about folks involved in MTGFinance is that we are constantly manipulating the market and feeding players misinformation to help fuel achievement of our personal goals.

It has occurred to us at MTGPrice that though we dole out a good deal of advice, most of you ultimately have very little insight into when and why our writing team actually puts our money where our collective mouths are pointing. As such running this weekly series breaking down what we’ve been buying and selling each week and why. These lists are meant to be both complete and transparent, leaving off only cards we bought for personal use without hope of profit. We’ll also try to provide some insight into our thinking behind the specs, and whether we are aiming for a short (<1 month), mid (1-12 month), or long (1 year+) term flip. Here’s what we we’ve been up to this week:

Buying Period: Aug 11th – Aug 20th, 2015

Note: All cards NM unless otherwise noted. All sell prices are net of fees unless noted.

James Chillcott (@MTGCritic)

Coming off of my tour of lovely Bulgaria and Turkey I haven’t been in buying mode, but I did pick up a few things here and there.

BOUGHT

  • 1x Hangarback Walker (Foil) @ $25
  • 1x Russian Magic Origins Booster Box @ $109

Hangarback Walker expanded its horizons this weekend at Eternal Weekend showing up in the finals of the Vintage Championships in a Workshop deck. The card has now demonstrated viability in almost every relevant format and I’m happy to pick up more foils anywhere under $25 since Origins will ultimately have lower sales than a major fall set and the card is often a 4-of wherever it pops up. I see this is as a mid to long term hold with a $40+ target.

The Russian Origins box is my vote of confidence that Origins may actually end up producing more than a few Modern and Eternal relevant cards (Hangarback Walker, Dark Petition, Jace, Vrynn’s Prodigy, Evolutionary Leap, etc) that may be highly desirable in Russian foil down the road. This is a long term hold, targeting $200+.

I’ll be posting my report on Magic in Bulgaria and Turkey later this week, so watch for that.

Travis Allen (@WizardBumpin)

BOUGHT

  • 35x Dragon Whisperer @ $2/per
  • 9x Shaman of the Forgotten Ways @ $2.25/per
  • 23x Tasigur, the Golden Fang (foil) @ $30/per
  • 8x Whisperwood Elemental @ $5.50/per
  • 14x Sarkhan, the Dragonspeaker @ $4/per
  • 30x Wingmate Roc @ $1.50/per
  • 8x Woodland Bellower @ $4/per

“Dragon Whisperer is an extremely cheap mythic red two-drop from a third set. Power level is high. She’s only made a splash so far, but red is saturated right now. Come rotation she could easily be the best red two in the format.”

“Shaman plays well with the coming Eldrazi, and is a third-set mythic. Could break $10.”

“Re: Tasigur, a while ago I noticed that foil Abrupt Decays were about $30. The nonfoils were around $7 – $10 at the time. My suspicion was that $30 was too cheap, especially for how much eternal play they saw. I picked up two extra playsets. Within two weeks, they had spiked to $80, and I was wishing I had bought more. With Tasigur’s ubiquity across formats, I’m not making the same mistake again. He’s possibly the best black creature in Standard, Modern, and Legacy. While a non-foil reprint would harm his price, foils are going to be quite safe. I’m looking for this one to at least double by the spring of 2016.”

“Whisperwood Elemental was $15 not that long ago, and all the cards that make him good (Den Protector, Deathmist Raptor, and Mastery of the Unseen) are all sticking around through rotation. I’d like to buy more if he ends up under $4.”

“Sarkhan is a $4 Planeswalker with a solid power level. He’s mostly been pushed out of Standard by Stormbreath Dragon, but that guy is leaving us soon.”

“Wingmate Roc used to be $15-$20. He’s at bulk mythic pricing now, and could certainly be a major Standard player again later this year.”

“Woodland Bellower demonstrated notable power during the Pro Tour. With no price movement so far, a breakout performance could send this skyrocketing.”

Jim Casale (@Phrost_)

BOUGHT

  • 4x Anafenza, the Foremost @ $3.50/per
  • 4x Tragic Arrogance (foil) @ $3.00/per
  • 4x Abrupt Decay @ $8.00/per

Jim says:

Anafenza, the Foremost is down to $3.50 from $7.00 before the release of Dragons of Tarkir. It’s also 12 tickets on MTGO which is usually a good indicator of play. There are some other factors at work (mythics command a larger portion of a set’s price due to redemption online) but I think this card is going to be one of the few cards to rebound during BFZ. 

Tragic Arrogance is the real deal in standard and it is also quite powerful in EDH. I decided to grab foil copies to play with as they will likely retain more of their value as time goes on. The spread on foil and non-foil copies is closing pretty quickly so this may even see a price correction in the near future.

Regarding Abrupt Decay, I found a player that wanted to sell some cards for quick cash. I offered him more than local buylist and he accepted. Hard to pass up this kind of deal.

BOUGHT (PucaTrade)

  • 4x Ghostfire Blade @ 175 Pucapoints/per

Jim says:

“The Eldrazi will probably all be “colorless” despite costing colored mana. Ghostfire Blade was pretty good with thopters so I can’t see it getting worse with more colorless creatures.”

SOLD

  • 3x Jace, Vryn’s Prodigy @ $30/per
  • 1x Creeping Tarpit (foil) @ $30/per

Jim says:

“Jace was sold to a local player looking to play the Majors/Cuneo mill deck this week. The price included no fees so its hard to pass up a deal this good. I think I will likely be able to buy them back in a month or two for $20 or less.”

“Creeping Tarpit was sold to a player (so no additional fees) and I’m pretty sure the manlands will be reprinted sometime in the next year or two and there is no real reason to keep this.”

SOLD (Puca)

  • 8x ghostfire blade @ 112 pucapoints/copy

Danny Brown (@dbro37)

BOUGHT

  • 20x Narset, Enlightened Tutor $1.24/per
  • 4x Sarkhan, the Dragon Speaker @ $5.40/per
  • 8x Dragon Whisperer $2.25/per
  • 1x Daretti, Scrap Savant $3.44/per
  • 1x Outpost Siege $1.08/per

Danny says:

“I discussed Narset in my article this week, and all 20 copies I requested were sent pretty quickly. I also discussed Sarkhan and wasn’t sold at that time, but I pulled the trigger on a playset and will probably try for another couple.”

Dragon Whisperer is a mythic that may be forced to step up if mono red continues to be a thing in Standard. I think this has enough casual appeal that it could be a slow gainer in the long term, as well. It reminds me of Kargan Dragonlord in many ways, which is $7, so I think the risk is low. One copy will probably go in my cube.”

Daretti is a great pick-up right now and people seem to know. I think I had 16 on my list and only one got sent.”

“The Outpost Siege is for my cube, though it’s likely starting in the on-deck binder until/if I decide to expand or switch up some strategies. Some Standard play and a spike could turn this into a (very) minor spec, though.”

 

Jared Yost

Here is my buying for this week:

  • 10x Polluted Delta @ $21.00/per
  • 10x Flooded Strand @ $15.78/per
  • 10x Bloodstained Mire @ $18.71/per

“I found some great deals through Amazon, and using some of my Amazon points that I’ve been accumulating I thought I would put them to use by picking up some much needed Fetchlands for my portfolio. I really needed Strands and Deltas, as I’ve been steadily trading for Heaths, Foothills, and Mires over the summer to build up a nice stockpile.”

So there you have it. Now what were you guys buying and selling this week and why?

James Chillcott is the CEO of ShelfLife.net, The Future of Collecting, Senior Partner at Advoca, a designer, adventurer, toy fanatic and an avid Magic player and collector since 1994.

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Collector’s Corner – From the Vault: Angels

Let’s take a look at From the Vault: Angels this week to see if the average $75 price for the box is worth it for picking up what could be a gem of a collector’s item.

Past History – The first From the Vault (Dragons)

First though, I want to talk about From the Vault: Dragons for a little bit. We can all agree that this FTV is the rarest one out there – it was the first, Wizards didn’t know how the product would be received, so I imagine there was some hesitation in releasing mass quantities of this product. That being said, let’s take a look at what the sealed and single prices of the cards from the set go for in the current market.

Sealed Box – These currently go for $200 BIN on eBay.

Singles

Card Name Fair Trade Price Best Buylist Price
Nicol Bolas $56.29 $36.03
Kokusho, the Evening Star $20.99 $12.75
Form of the Dragon $13.65 $6.93
Rith, the Awakener $13.48 $13.02
Hellkite Overlord $11.49 $5.01
Draco $9.99 $4.31
Niv-Mizzet, the Firemind $7.99 $1.62
Bladewing the Risen $7.23 $5.47
Dragonstorm $5.35 $3.01
Ebon Dragon $5.10 $2.51
Two-Headed Dragon $4.99 $0.39
Bogardan Hellkite $4.64 $2.51
Thunder Dragon $4.60 $2.87
Shivan Dragon $4.55 $1.66
Dragon Whelp $0.84 $0.25

Nicol Bolas is killing it here, commanding the large majority of the value of the first FTV. Even though this form of Bolas is only a dragon creature rather than planeswalker, the iconic card still holds collector value from this set because he is Magic’s biggest baddy. Next up in value is Kokusho, the Evening Star because of how insane he is in Commander (remember, for a long time he was on the Commander banlist!) and how much players love to foil out their Commander decks. All told, the value of the singles is about $171.18 if purchased separately. That’s kind of a lot, considering the likes of Shivan Dragon and Ebon Dragon are in this package, which may have been iconic to the game but otherwise are basically unplayable cards in today’s Magic.

The reason I want to talk about FTV Dragons and its prices is because Dragons are one of Magics most popular creature types, so I’m thinking that the trajectory of FTV Angels will match that of FTV Dragons, especially considering that some of the more iconic Angels are also getting makeovers to add to the collectability. FTV Dragons was released in 2008, seven years ago at this point. Let’s keep this mind when reviewing the Angels product.

From the Vault: Angels Details

Sealed Box – These currently go for $75 BIN on eBay.

Singles

Card Price
Avacyn, Angel of Hope $29.14
Entreat the Angels $15.01
Akroma, Angel of Fury $13.55
Iona, Shield of Emeria $11.15
Baneslayer Angel $10.99
Akroma, Angel of Wrath $9.33
Aurelia, the Warleader $8.99
Platinum Angel $8.11
Tariel, Reckoner of Souls $6.60
Jenara, Asura of War $6.59
Exalted Angel $5.50
Serra Angel $3.32
Iridescent Angel $3.30
Archangel of Strife $3.24
Lightning Angel $1.25

Already, we can see that the singles prices of the angels are significantly more than sealed boxes, clocking in at $136.07 for the singles rather than $75 for a sealed box. Honestly, this price for a sealed box looks like a steal compared to buying singles, especially seeing that the sealed price of a similar product FTV Dragons has appreciated to $200 over the years. Realistically though, I would not want to be waiting around more than half a decade to get a return on this sealed box. I’m surprised that Dragons hasn’t creeped up higher, but compared to Vintage collectibles I think people would rather pick up their Lotuses, Moxes, Recalls, Timewalks, and other extremely rare Vintage staples rather than pick up the more casual FTV sets. This can clearly be seen by the trend upwards that Power and other similar Vintage staples have been experiencing over the same seven years as the FTV Dragons product.

OK, looking at the singles themselves I think it’s no surprise that Avacyn is number one on the list. Unfortunately, she did not receive alternate artwork for this set, which means that she was merely included in order to reduce the market price on other Avacyn’s. Not that this a bad thing – my own opinion is that reprints like Modern Masters should happen more often, and given a wider release so that more players have a chance to pick up pricier casual staples. However, for a special release product like this, where they had to know that Akroma already has a reprint with alternate art, that Avacyn would be the headliner angel and thus should have given her alternate art. Yes, Furious Akroma also has alternate artwork  (which is awesome) but I think from what we’ve seen from these types of products that players are looking to pick them up to collect rather than play with them. I mean, not that Nicol Bolas is trash or anything, but he certainly isn’t the strongest Dragon out there these days and definitely isn’t an auto-include in every Grixis Commander deck.

I’m really glad that Iona got the alternate art treatment, however I’m not sure that Iona needed to be included in this product since she was just reprinted in Modern Masters 2015. This reprint will further suppress Iona’s price for the time being. Yet, due to the alternate art I have a feeling that in the long run she will rebound in price as casual players start picking up foil copies in order to complete their un-fun Commander decks that cheat her out on turn two.

Other interesting includes were Aurelia and Platinum Angel. Did these cards necessarily need a reprint, with one being so close to its Standard rotation and the other having multiple previous reprints? Again, I’m not sure if this was to add value to the product or to try and reduce the price of foil copies of the cards that are already out there. However, I am glad that Tariel, Reckoner of Souls finally has a foil which great for those who have her as a Commander or want to finally foil out a Mardu Angels Commander deck.

Even though the rest of the angels are pretty cheap, I have to say that I like the new art on Exalted Angel. It’s quite a difference between the iconic Onslaught art but I think that Tyler Jacobson really knocked the art out of the park. Sure, we have a Judge Foil version of the card too, but I think Wizards was looking at reprinting popular angels without caring about which cards haven’t gotten reprints yet (like the Powerpuff Girls from Avacyn Restored).

Final Thoughts

I think FTV Angels has some really cool includes, but I think that there just isn’t enough in here to justify buying the singles. The package deal is $75, and I think that ultimately the singles will lower enough to match this package entry point. And unfortunately, if FTV Dragons has anything to tell us it’s that even seven years out this package won’t be much more expensive than it is now. That means you’ll have plenty of time to pickup these premium Angels folks, so I suggest in the meantime to start picking up things like Khans fetchlands instead because we can all agree that those are going to be getting us profits in a quicker, more efficient manner.

MAGIC: THE GATHERING FINANCE ARTICLES AND COMMUNITY