UNLOCKED PROTRADER: A First Look at Modern Masters 2015

By: Travis Allen

Clack-Clack-Clack-Cla

This article will have been the most fun I’ve had writing in months, possibly ever. I say this without any consideration for the content within. What am I talking about? I recently purchased a mechanical keyboard, and ho boy, let me tell you. This thing is amazing. Every key press is simultaneously a musical note and a distinct tactile sensation. Typing is akin to receiving a massage, and each muscle plays it’s own sound when relaxed. You see, most keyboards, such as those on your laptop or the one many of you are using on your desktop, use a series of rubber membranes underneath the keys. You push a key, some rubber moves, an electrical circuit is formed, and the computer registers a key press. On the surface of the board the keys are independent, but the inner workings beneath the keys are all connected.

Mechanical keyboards, on the other hand, hearken back to a time before advanced manufacturing techniques had turned its eye toward computers, before capitalism drove down both the cost and quality of everyday keyboards. Each key on the board is completely independent of the others, and they use a fully self-contained mechanical process to register key presses. (This website does a good job of illustrating the function, as well as educating you on which type you may want to invest in. I chose Cherry MX Brown switches, and I’m quite happy with them, though they don’t have the same distinct tactile bump mid-stroke that the Blues have. I’d be happy with either.) The end result is a wildly satisfying typing experience that I can’t recommend strongly enough if you spend any appreciable time at your computer. Be forewarned, though. If there are any light sleepers in your home they will be immediately aware of your new purchase.

Modern Reforged

What does this have to do with our topic for the week? Nothing, really. I just wanted a chance to type more words on this thing and I thought I’d take the opportunity to share with you all this nifty new device I’m enjoying. As far as content goes, I had planned on starting this week off by continuing from last week’s topic—that is, what cards to trade for heavily over the summer as Khans of Tarkir block prices fall.

After pulling up Fate Reforged, though, I find really only a single card that looks to be immediately underpriced: Tasigur, the Golden Fang. He’s making waves in Standard, Modern, and Legacy right now, quickly cementing his place as a stalwart eternal staple. With FRF feeling under-opened, I see non-foils cresting $10 to $15 this fall, and foils are an absolute slam dunk in the $25 to $30 range. Realize that foil Abrupt Decay, another recent eternal staple, is nearly $70.

Beyond Tasigur, there isn’t much in Fate Reforged I’m too excited about right now. I do believe that Ugin, the Spirit Dragon will ultimately rise, though I’m not entirely sure of exactly how his price curve will play out over the next several months. I believe that it’s highly likely we see him above $50 before the end of 2016, though that doesn’t mean that this August is necessarily the best time to buy in. And if we’re looking for places to stock up on cards that will be rising this fall in order to cash out, Ugin may not be the best choice with both a high barrier to entry and uncertainty about when exactly he’ll reach his full price potential. There’s also the looming specter of the spring’s Duel Deck, for which Ugin is a serious candidate. Should that come to pass, it will add another year at least to his growth cycle.

I’m a big fan of Monastery Mentor, as well, especially foils, though again, with such a high price tag already, it’s going to be hard to build up too much of a portfolio this summer. I would recommend trading for all three of these FRF cards as much as possible over the coming months, and for any other cards you want to park value in, refer to what I wrote last week.

Just the Thing

While staring at the Fate Reforged price list and wondering what the heck I was going to write about this week, I noticed that Modern Masters 2015 official spoilers began today. Well, hey, that’s something people care about, right? Perfect. We’ll look at what’s official up through Tuesday, May 5.

It won’t be too surprising to learn that most cards in MM2015 are going to drop in price, at least initially. Our goal isn’t to just guess at which direction everything is going to go, but rather, to understand how far it will drop and consider the point at which we want to buy. Having said that, there is one culprit that may once again escape the pitfalls of reprint.

I had two reactions to the official reveal of MM2015. First, that Tarmogoyf was going to be in, and second, that its price would finally fall. Finally, I reasoned, supply would begin to outstrip demand.

In the intervening months, however, my opinion has wavered. I am no longer so sure that the amount of Goyfs introduced to the market will be enough to satiate public demand. My fellow writer, James Chillcott (@mtgcritic), has been trying to hone in on the number of copies that will be introduced relative to the existing population of Goyfs, and I’ve got to say, it’s less than I would have initially expected. When you consider just how few people out there actually own sets, it’s easy to see how this could once again fail to slay the green monster. Next time you’re at Modern or Draft or FNM, ask around and see how many players actually own playsets. Almost everyone that isn’t a die-hard Spike won’t own any, and even among the competitive players, I’m guessing you’ll find perhaps a 25 percent ownership rate. If the printing of MM2015 creates more players that are seeking playsets of Tarmogoyf than playsets themselves, demand rises, and so too will the price. My estimated price on Goyf right now for the initial months following the release of MM2015 is somewhere between $160 and $190. Time will tell, I suppose.

tarmogoyf

Mythics

How about the rest of the spoiled cards? Let’s start with some big ones. Emrakul, the Aeons Torn was spoiled very early, and as a result, he’s dropped from $60 all the way to…$50. There will be further loss here, though don’t expect prices south of $30. He’s still the preeminent reanimation and cheat-into-play target in every format where he’s legal, and is a casual all-star to boot. Our best course of action here is to wait for Emrakul to hit his floor, and as soon as he begins to rise again (likely sometime this fall), begin scooping up copies like mad. We won’t see him again for quite some time after this, and I’ve no doubt he’ll return to $50 within a year or so of his appearance here in MM2015. The only way he doesn’t climb back up to that price is if he’s somehow trumped in Battle for Zendikar, which I consider highly unlikely. Right now, Emrakul is a prime target to trade all of your Siege Rhinos and Rattleclaw Mystics into this October.

Kozilek returns, the last of the three to receive a second printing, and boy did he need it. He’s been more expensive than Ulamog for quite some time, despite the fact that Ulamog is fringe-playable in any big mana deck and Kozilek is resigned to casual-oriented formats. That his price stayed that high without a modicum of tournament success tells us just how much casual demand there is for this guy. The only reason I see his price suffering much at all this year is because of just how packed with value the mythic slot is this time around. Kozilek will be another excellent trade target as MM2015 prices bottom out in several months.

Karn should follow a similar path as Emrakul as a giant, colorless, awesome card. In fact, Karn seems even more resilient here than Emrakul is. He was just about $50 before he was officially revealed in early March, and he’s still about $50 today. He won’t be able to sustain that price, as the market always seems to react rather slowly to reprint news like this, but like Emrakul, I’d be surprised if he made it under $25 or $30. I’m less bullish on scooping up copies of Karn this fall, though. While very cool, he’s not actually played in nearly as many places as Emrakul is. There’s clearly appeal from casual players, EDH tables, and cubes, but he isn’t a mainstay of combo decks in both eternal formats in the same way as Emrakul. You could do worse than picking up Karn this fall, but he won’t be my first choice.

While we’re talking about colorless cards, Mox Opal is yet another high-profile colorless mythic, though unlike the Lovecraftian horrors detailed above, is vulnerable to corrosion and violent storms. Another $50 to $60 mythic before its announcement, Opal too hasn’t budged much yet. The path for this will be similar to Emrakul. It will drop into the $30 to $40 range, then given its utility in various formats and status of being a Mox, will only stand to gain once we get past the initial supply glut.

I’m a bit surprised to see Iona here, as she was widely expected to show up in the upcoming From the Vault: Angels. Given that she’s so casual-oriented, she makes sense in an FTV product, while Linvala was expected here in the competitive product. With Iona in MM2015, did Wizards switch things up on us and put Linvala in the FTV? It would seem that way for now.

As for Iona, the hits at the mythic slot just keep on coming. There will be an interesting tension between this many high-demand mythics and $10 pack prices. Looking at Swords of Fire and Ice and Light and Shadow from the first time around, I see the Darksteel copies losing about 15 percent  after the reprint. Given that Iona is similarly a casual-oriented card with a very minor competitive play profile, I’d expect something similar here. She’ll probably dip below $25, but don’t expect anything south of $20 unless the whole set drops more than people expect.

If we divide the mythics into “better than average” and “worse than average” piles, I’m putting Bitterblossom in the worse half. The current price tag of $40 is based entirely on scarcity. While a mythic run in MM2015 isn’t going to add “one in every box of Cheerios” quantity to the market, it’s going to add quite a few copies of a card that is relatively unpopular right now. Add to that the same artwork, and there’s no reason to believe this will fare well. With the uncontested popularity of so many other mythics, Bitterblossom’s outlook is not great here. Could we see prices south of $20?

Vendilion Clique is probably the worst positioned mythic at the moment. The trio is competing against a slew of useful rares that plenty of players have been waiting ages to pick up, as well as several high-profile, heavily-played mythics, all while losing competitive ground in both Modern and Legacy. I picked up a small stack of these about a year ago at around $50 because I anticipated they would reach $90 to $100, as Dark Confidant had done, but they just never saw enough play to get that high. It seems they’re not used any more today than they were then, and if anything, it seems like I see them less often, particularly in Legacy. With another printing increasing both availability and competition among expensive cards, Clique could end up being one of the mythics with the furthest to fall.

Primeval Titan was shown off on Monday by perennial green mage Brian Kibler, and while the price hasn’t dropped much yet, expect it to in the near future. This will mark the titan’s fourth printing, and even with Amulet Bloom running rampant in Modern right now, it still hasn’t been enough to push its price much past $15. With so many other, more desirable cards in the set, things don’t look good for Primeval Titan in the near future. Given how long it took this to rise in price the last time, unless we see PrimeTime in the sub-$4 range, I’ll be inclined to stay away. This goes doubly so for the rest of the cycle, which all have far fewer competitive applications than Mana-Hulk.

Rares

On the rare side of things, the reprint everyone saw coming before MM2015 was even announced, Noble Hierarch, is going to present a lucrative opportunity. Its price will crash hard, with Jason (@JasonEAlt) and James looking for prices in the $10 to $15 range. I’m right there with them, and I’m also in total agreement that this is an excellent long-term gainer. Hierarch is all over the place in basically every format, including the kitchen table. They even printed Llanowar Elves in the most recent Commander product, which means that mana dorks can find a home just about anywhere. I’ll be looking for as many copies of Hierarch as possible this fall when she’s at her lowest, and hopefully she’ll climb all the way back to $40 given a year or so to grow. It took less than a year for Cryptic Command to go from under $20 to $55, and I expect the same here.

Fulminator Mage is likely to end up in the top five or ten most useful rares in the set, but that won’t save its value. I expect the price to take a nasty hit, just as Hierarch will, though the rebound should happen slower and softer. Hierarch is on the whole much more popular across a wide spectrum of players, while Fulminator Mage does exactly two things: fills out Modern sideboards and annoys people at kitchen tables. Mostly the former, I’d guess. In any case, I’ll be glad to finally have a set back.

Spellskite should fare as well or better than those two, given its ubiquity in Modern. I wouldn’t be surprised to see it being one of the top ten or even top five best rares in the set. Still, we’re going to see more of a drop from the current price tag of about $25. I’d anticipate prices in the low teens,  perhaps even below $10 depending on how great supply actually is, and what the rest of the rares look like. I certainly like Spellskite at its floor in a few months. It isn’t seeing any less play in Modern than it was, and will be good for at least 50 percent profits a year from its lowest point.spellskite

Splinter Twin is going to eat it hard. There’s exactly one deck that wants copies anywhere in the world, and even then, it doesn’t even necessarily run four. I don’t like it as a gainer, either. Once the boost in supply drives the price low, there won’t be sustained illiquid demand to drive it back up.

Daybreak Coronet was spoiled with a worse border and less interesting art, and like Adarkar Valkyrie and other casual cards, should suffer greatly. Boggles is hardly a major component of the competitive Modern scene, and beyond that, demand for Coronet exists only in casual circles. It will join the ranks of the slaughtered rares with nearly no hope of recovering. It won’t be the only white rare down there either, as Mirran Crusader will be joining it.

Another casual all-star, All is Dust, maintains a $20 price tag despite being GP promo’d. A rare printing is going to hurt like hell, though. Adarkar Valkyrie dropped dramatically when it was reprinted, from double digits to under $2, and I don’t expect other expensive casual rares will fare much better this time around. I can see Dust dropping well south of $10.

Next week should bring us quite a bit more to discuss, although there’s no way the density of absurd mythics can continue at this rate. There’s been a sort of semi-unofficial spoiling of Dark Confidant and Tezzeret via an MTGO announcement, so I’m assuming we’ll see those, as well as the rest of the Titan cycle. Probably a great deal more rares, as well, which I’m quite curious about. Once we have the full spoiler list in, we can begin turning our attention to all those left behind. Until then!

Is It Safe? Part 2

By: Jason Alt

For a brief second, I found myself wishing this series dealt with MODO at all because “Part 2: Electric Reprint Boogaloo” would be a sweet title. If you’re not laughing, you’re just mad you didn’t think of it, and envy is a stinky cologne, readers.

Electronic reprints are relevant to the discussion, but online EDH is so irrelevant it’s not funny. It’s played, technically, but there’s not much money in speculating on such an underplayed and volatile medium, so let’s stick to what we know.

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Game Day Promos, Part I

By: Guo Heng Chin

The Dragons of Tarkir Game Day weekend was one of a kind. Out of the four Game Day events I attended, three of them attracted a crowd larger than the average PPTQ in my area. Game Days have never been that popular, nor that competitive. The weekend also set the record for the most Game Days I’ve ever played for a single set.

This was the reason:

Bow before the might of the Regent, in full art.

Back at the Fate Reforged Game Day, the coveted prize was the Game Day Champion playmat featuring Chris Rahn’s alternate art of Ugin, the Spirit Dragon. The playmat sold for $80 on eBay during the weeks following the event, and is now selling for $30 to $50. The expected value for participating in Fate Reforged Game Day was not spectacular, as only one person could win the playmat and sometimes tiebreakers can be heartbreaking.

This time around, the main prize as players saw it was not the playmat, but rather the full-art foil Thunderbreak Regent which was awarded to the top eight players at each Game Day. Besides being a highly playable dragon in Standard with casual and EDH appeal, the card features a gorgeous full art treatment by Jason Rainville. Here is a slice of eBay completed sales for the promo during the Game Day weekend:

eBay Thunderbreak Regent Game Day

The Game Day Thunderbreak Regent is still commanding a TCGplayer-mid of $20 as of writing. If you took Derek Madlem’s advice and made top eight of your local Game Day, you would most likely have made a good return for your participation fee.

The price of the foil full-art Thunderbreak Regent got me wondering: is it one of the most expensive Game Day promos ever to the given out?

Today, we are going to take a trip back in time to the first Game Day ever that awarded full art foils to the top eight players. The long-term price trajectory of full art foil Game Day promos piqued my interest because:

  • They are limited edition and in limited in supply as only eight players per Game Day receive copies.
  • A large majority of them seems to cater to the casual and EDH crowd, which means good long-term potential.
  • Full-art foils are more collectible than set foils. Barring a few, Wizards has done a great job in ensuring that the art for the Game Day top eight promos blows the set version’s art out of the water.
  • Chances of being reprinted: 0.05%.

Those four factors put together make for solid long-term potential. Does that mean that these promos are good investments? Let’s have a look at how the first several Game Day full-art foil promos have done over the years.

History

While the first Game Day to hand out a promo to its participants was the Tenth Edition Game Day back in 2007, the first Game Day that set the current trend for awarding a promo to each participant and another foil full art promo to the players who made top eight was the Magic 2010 Game Day. We shall start from this point.

Magic 2010 Game Day

Mycoid Shepherd Game Day

Even though Mycoid Shepherd was the first full-art Game Day promo, it is worth nought. The foil full-art Mycoid Shepherd is just going for $3.64 on TCGplayer.

In the next Game Day, the top eight players received a more valuable card:

Zendikar Game Day

Emeria Angel Promo

The Game Day promo (still called WPN or Gateway promo back then) full-art foil of Emeria Angel is commanding a TCGplayer-mid of $20 today, which is impressive and yet not really that surprising. She is an angel after all, and being a limited-edition foil featuring full art by none other than Steve Argyle could not hurt her price, even after being out of Standard for four years and not seeing play in Modern.

I’m tempted to say that the casual force is strong in this one. However, the set foil is only $3. Could the fact that this Game Day promo features a full art drawn by a well-loved artist explains large chasm between the set foil and the Game Day foil?

More importantly, could the Thunderbreak Regent Game Day promo follow the footsteps of Emeria Angel?

Worldwake Game Day

Kalastria Highborn Game Day Promo

The Worldwake Game Day top eight promo is another that remains moderately valuable today. The full-art foil Kalastria Highborn has a TCGplayer-mid of $11.84, but near mint copies start at $14.08. As limited edition cards get older, near mint copies become harder to locate.

Contrast the Game Day full-art foil of Kalastria Highborn with the set foil, which is only $4.60. The difference between the set foil and Game Day top eight full-art foil may be less stark than that of Emeria Angel due to both versions sharing the same art, and vampires not being as popular as angels. Vampires may not be a legitimate archetype in Modern, but the tribe has moderate casual and EDH appeal and Kalastria Highborn is a key piece of any vampire tribal deck.

By the way, the set foil has a multiplier of only 0.56 compared the non-foil.

Rise of the Eldrazi Game Day

Deathless Angel Game Day

Someone at Wizards was slacking at his or her job. We get another Game Day promo with the same art as the set version, albeit in full art glory and in foil. The Deathless Angel Game Day promo is only worth a TCGplayer-mid of $7.33, not much more than its set foil counterpart, which is going for $3.76. Deathless Angel may be an angel, but her ability is underwhelming, and I am not sure she is at all popular. Off the top of my head, I can only think of one deck that would want Deathless Angel: Kaalia of the Vast EDH. And there are much better ways to protect Kaalia.

Magic 2011 Game Day

Mitotic Slime Game Day Promo

The trend of underwhelming Game Day top eight promos continued into the Magic 2011 Game Day. The only explanation I can think of for the reason behind selecting Mitotic Slime as the promo for this one is its perceived casual appeal. I can only imagine the collective disappointment of the players who made top eight of the Magic 2011 Game Days.

At least Wizards commissioned a different art for the Game Day promo this time. Still, it’s barely worth anything, with a TCG-mid of $2.98.

Scars of Mirrodin Game Day

Tempered Steel Game Day Promo

Now that’s a card worthy as a Game Day top eight promo! Tempered Steel was the centerpiece of its namesake deck which propelled four pilots, all from Team ChannelFireball, into the top eight of Worlds in 2011. The Tempered Steel archetype went on to become one of the premier aggro decks during that Standard season.

Unfortunately, since Scars of Mirrodin dropped out of Standard, Tempered Steel has struggled to find a home. It is too clunky for Modern Affinity, and it does not really fit the bill of a casual all-star. This all explains the Game Day full-art foil version of Tempered Steel being at a paltry $4.21 TCGplayer-mid. The Memnite non-foil full art promo, which was given out to all participants of the Scars of Mirrodin Game Day, is worth nearly as much as the promo exclusive to top eight players, with a TCGplayer-mid of $3.83.

The next Game Day top eight promo recently experienced a hike in price, due to the recent surge in Tiny Leader’s popularity.

Mirrodin Besieged Game Day

Black Sun's Zenith Game Day

The Game Day full-art foil promo Black Sun’s Zenith was hovering around $6 late last year, and spiked to the double digits early this year when a new format exploded into mainstream Magic. For a while, every single Magic content website featured discussion about the novel format that is Tiny Leaders.

Black Sun’s Zenith is one of the rare few board wipes that is legal in Tiny Leaders, as its XBB casting cost qualifies it as having a converted mana cost of two. Black Sun’s Zenith’s Game Day full-art version is currently priced at a TCGplayer-mid of $14.48, making it one of the more expensive Game Day promos out there. The set foil is only $6.37.

The Game Day Black Sun’s Zenith’s price is buoyed mainly by Tiny Leaders. It is not used in Modern, and there are better board wipes in EDH like Damnation (or Decree of Pain and Life’s Finale if, like me, you can’t afford Damnation).

The Game Day full-art foil Black Sun’s Zenith also has one of the sweetest full-art treatments in existence, with an epic depiction of the onsetting despair of getting your board wiped by an opposing Black Sun’s Zenith by James Paick.

Until Next Time

That is all for today’s adventure back in time. Join me for future discussions of Game Day promos, as we will be continuing on our journey exploring the beautiful full-art cards  given out to worthy players in the past few years.

Feel free to leave your comments below, or catch me on Twitter at @theguoheng.

 

UNLOCKED PROTRADER: Assessing the Risks of Speculating

Not all speculation targets are created equal. Each card has a price, a trajectory, context within various formats, a buy-sell spread, historical baggage, print run considerations, and ever more factors influencing to what extent a spec is a “good buy” or not.

It’s because of all these factors that you might choose to go deep on an unproven bulk rare rather than an established format staple, or to buy a staple even when most in the community believe it has hit its peak.

At its core, all speculating comes down to one basic question: how risky is speculating on this card?

Examplesville

Today’s article will be entirely a case study of Abrupt Decay, a card highlighted fairly frequently on MTGPrice in the last few weeks. We’ll be looking at many of the factors influencing this card’s price, all to determine: is this where we should be putting our money?

abruptdecay

The current Fair Trade Price on this card is $12.48 and the top buy price is $9.40. So, as a baseline, if we bought into this card today, the risk would be $3.08 per copy. Yes, the buy price can absolutely go down—and it probably will during the summer lull—but assuming no major unforeseen events, it’s hard to see demand for Abrupt Decay declining.

Reprint Incoming?

Importantly, Return to Ravnica is not slated to be included among the sets drawn upon for Modern Masters 2015. As more players look into playing Modern, the staples that don’t get reprinted this year will all of a sudden have a little extra demand focused on them.

Abrupt Decay doesn’t have any particular flavor that would make it difficult to reprint, but it’s also not the type of card that Wizards green-lights every day. The chance of a reprint seems extremely low to me, especially in a normal set. The most likely place, if any, we’ll see new copies of this in the next year or so is through judge or GP promos.

Reprint risk: Low.

Metagame Risks

How likely is it that Abrupt Decay declines in price due to its place in various metagames?

Let’s start by pointing out that this is a two-color card, and one of those colors is not blue, which limits the amount of decks that can play it. That said, this is a very powerful effect, especially in eternal formats where low-drops rule, and it is not unreasonable to build your deck specifically to have access to this card.

How it does in individual formats is important, too:

Standard: Crucially, this is not legal in Standard, so we don’t have to worry about rotation causing a sudden drop in price.

Modern: MTG Goldfish lists Abrupt Decay as the 39th-most-played card in Modern.  The last Modern Pro Tour saw a field of 30 percent Abzan decks, and it’s fair to say that most of if not all of them had access to this card somewhere in the 75. With Jund and straight Golgari decks also fairly prevalent, Abrupt Decay seems fairly safe to continue seeing action in Modern.

Legacy: Abrupt Decay is the tenth-most-played card in Legacy, which is crazy, given that it can’t be pitched to Force of Will. Still, Jund and Sultai decks are big in the format, and Decay is important to keeping Counterbalance decks in check, too. It certainly doesn’t seem like the card is going anywhere.

Vintage: Due to a serious lack of players and events,Vintage playability doesn’t necessarily impact a card’s price in a huge way (foils excepted), but it can indicate a card’s power level. In this case, Decay is the 38th-most-played card in Vintage, so there you go.

Casual: Abrupt Decay is a fine card in Cube, and probably playable in Commander, though not exactly an all-star. Kitchen-table players will probably play any copies they own, but this doesn’t strike me as a card a casual player will see and think she must go out and purchase for her deck.

All in all, I think it’s fairly safe to call Abrupt Decay an eternal-format staple, with little to no value coming from casual formats or Standard. In my mind, this means there is very little risk of metagame changes completely crushing this card’s value.

Contextual Clues

Let’s look at the blocks before and after Return to Ravnica to give ourselves a little context of what is possible and what we’ve seen before.

Remember, Return to Ravnica was a large fall set. It was the first of its block, and Abrupt Decay was printed at rare. If we look a year earlier, we can see the most expensive rare in Innistrad.

snapcastergraph

This bodes well. Thinking Abrupt Decay will hit $51.57 is ambitious—far too ambitious, if you ask me—but seeing Snapcaster this high at least shows us that Decay has room to grow. Innistrad and Return to Ravnica were similar in a lot of ways, especially with regards to the timing of their releases, the size of the playerbase, the popularity of the sets, the power level of the top cards, etc.

Snapcaster Mage and Abrupt Decay are very different types of cards, but they are both similarly staple-tastic in all of the eternal formats. Snapcaster is probably a little more attractive in casual formats and it does pitch to Force of Will, which means that all other things being equal, Abrupt Decay probably never moves past Snapcaster in price.

thoughtseizegraph

Now for the most expensive rare in Theros, which you can see is Thoughtseize. This is similar to Snapcaster and Decay in some ways, but also different in many.

The similarities are easy: this is an eternal staple played in every single format in which it’s legal, and it is a rare from a large fall set in the same general era as Return to Ravnica and Innistrad.

But the differences add a few twists to the situation. First off, this is a reprint. Before it was reprinted, the Llorwyn version was up to an insanely high $70. This was probably due more to supply factors than demand, although obviously both play a role to hike a card price up so high.

Also, importantly, this card still sees lots of play in Standard. Will it drop at rotation? Maybe. But players in general are getting more savvy regarding MTG finance—thanks in large part to MTGPrice!—and many are not selling their eternal staples upon rotation from Standard. Snapcaster didn’t dip as much as we expected, nor did Abrupt Decay, and I frankly do not expect Thoughtseize to drop much at all.

So although Standard is creating a demand for the card, it’s likely that Thoughtseize is never again available for lower than its current price—and if it is, it will only be slightly lower.

Could the $20 price tag on Thoughtseize be an indicator of what to expect for Abrupt Decay? Maybe, although the reprint and Standard-legal angles certainly make it hard to call this a direct analogue. Also, being two-colored as opposed to mono-colored makes Decay more narrow, which lessens demand. Despite these potential pitfalls, it doesn’t seem unreasonable to suggest that Decay should be between $20 and $50 based on similar-ish cards printed at similar-ish times.

Unless there are other factors at play, that is.

Set Value

Cards’ individual values are often influenced by how valuable their home set is as a whole. This is in large part because singles are priced by retailers to make opening boxes of product worth it.  This is a big reason why Voice of Resurgence started and remains so expensive: Dragon’s Maze didn’t have any other good cards!

So if we look at Thoughtseize, we can see that Theros is generally a low-value set. Thoughtseize is the single most expensive card in it, and the ones that follow are mythics that are only good in Standard and casual formats. As far as eternal staples go, Thoughtseize is basically it. If it weren’t a reprint, how pricey would the card be, I wonder?

Similarly, Snapcaster Mage comes from a set with only a few cards that see eternal play: Liliana of the Veil (at mythic), Geist of Saint Traft (also mythic), and Sulfur Falls are the top three. There’s plenty of casual goodies in the set, but the prices are top-heavy with the excellent competitive cards at the top of the list. In many cases, prices for the casual cards in this set are far lower than I would expect in general.

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And here’s where thing kind of fall apart for Abrupt Decay. Check out the eternal playables in Return to Ravnica (listed by descending price):

  1. Abrupt Decay
  2. Steam Vents
  3. Deathrite Shaman
  4. Temple Garden
  5. Sphinx’s Revelation
  6. Overgrown Tomb
  7. Blood Crypt
  8. Hallowed Fountain
  9. Supreme Verdict
  10. Jace, Architect of Thought*
  11. Rest in Peace
  12. Loxodon Smiter*

Jace and Smiter are fringe players at Modern at best, but they do see occasional play and are worth mentioning here.

Note that every card on this list is probably a little bit lower than we might otherwise expect. Coincidence? I think not. Because there is so much value in Return to Ravnica—and I’m not even considering the top casual cards like Utvara Hellkite and Chromatic LanternI believe the prices of all cards are suppressed. This probably explains in part why the shock lands have failed to perform so miserably.

Now, as we get further away from booster boxes of RTR being commonly available, the price of the box will matter less and less to the prices of individual cards. But the box price is where card pricing derives from originally, and price memory is a powerful thing. Once the playerbase “knows” how much a card is worth, it’s hard to impact that without some major shakeups in supply or demand.

What Does All This Mean?

Let’s say Abrupt Decay hits $20. Its current spread (the difference between the Fair Trade Price and the top buy price) is about 25 percent. So if its retail price hits $20, we can assume the buy price will settle in somewhere around $15.

We’ve already determined the current risk is $3.08 to buy in today. And the gains if we hit $20? Only $2.52 per copy.

Can Abrupt Decay go higher? Sure it can. We’ve seen Snapcaster climb as high as $50, but with the plethora of valuable cards in Decay’s set, the more narrow uses and decks it has compared to Snapcaster, and being from a set that was more opened than Innistrad, it seems highly unlikely to get anywhere close to Snapcaster.

Now for my gut feelings: I don’t see a world where Decay hits $30 any time soon, but $25 may be possible. If it hits $25, then you’re making, what, $6.25 a copy?

So now it comes down to whether you feel like it’s worth it to spend $12.48 to make $6.25 in about six months. Personally, I am not. If I had lots of extra dollars at my disposal, that might be a play I made, but with very limited funds I am willing to dedicate to Magic, I prefer opportunities where I can reasonably hope to double up, and I just don’t think that’s possible with Abrupt Decay.

However, trading for copies is still totally on the table, especially if people are interested in soon-to-rotate Theros cards. And by no means should you be selling or trading copies of Abrupt Decay you already own—it’s basically free money to hold these until Modern Master 2015 is released. I just don’t think it’s worth buying.

The Real Point of It All

This article focused heavily on Abrupt Decay, but it really wasn’t about the individual card at all. My goal here was to show you the thought process behind choosing a speculation target and deciding whether or not it’s worth buying in.

Do you have specific targets your’e looking at? Consider everything: the set they’re in, the supply, the demand, the formats they’re good in, how upcoming rotations and releases will impact them, the similar cards to other sets, etc. The more you analyze your potential spec targets, the more informed your purchases will be. And when you’re spending money on cardboard with pretty pictures, you generally want to be making informed purchases.

Have comments? You know what to do.

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