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Author Topic:   The Post For Modern Masters Discussion.
flam flawless
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posted June 09, 2013 09:28 AM   Click Here to See the Profile for flam flawless Click Here to Email flam flawless Send a private message to flam flawless Click to send flam flawless an Instant Message Edit/Delete Message Reply With Quote View flam flawless's Have/Want ListView flam flawless's Have/Want List
quote:
Originally posted by Vegas10:
One store in my area is selling for $17.50 a pack, I didn't even bother asking Box prices I hung up, since I knew at least 2 other stores charging less ( 1 at $250 box, other $12.50 a pack).

Selling and actually selling them are 2 different stories. 17.50/pack is amazing.

 
Bagbokk
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posted June 09, 2013 09:51 AM   Click Here to See the Profile for Bagbokk Click Here to Email Bagbokk Send a private message to Bagbokk Click to send Bagbokk an Instant MessageVisit Bagbokk's Homepage  Edit/Delete Message Reply With Quote View Bagbokk's Trade Auction or SaleView Bagbokk's Trade Auction or Sale
17.50 is crazy. 10.00-13.00 is fine IMO.

I don't see why it's bad for them (LGSs) to try and make money. In fact they would be losing profit if they sold at MSRP. Very much like Commander's Arsenal and FTV items. Boxes sell out at 250 on eBay. Even after fees you're looking at like $225... plus the EV of this set is just great. Yes you're not guaranteed anything and it's very easy to be disappointed, but I did 3 drafts at $25 and even though two of those drafts ended up with total crap, and I went 2-1 all three drafts and didn't win anything, I STILL walked away with about $75-80 worth of stuff. eBay value.

Sure, it's one thing to keep your customer base happy... But I'm pretty sure most players won't keep loyalty to a store just based on being able to get MM boxes at $170 rather than $250. If they're already regulars at the store they're likely to continue being regulars, if they're not, they're probably not going to start.

[Edited 1 times, lastly by Bagbokk on June 09, 2013]

 
Devonin
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posted June 09, 2013 09:56 AM   Click Here to See the Profile for Devonin Click Here to Email Devonin Send a private message to Devonin Click to send Devonin an Instant Message Edit/Delete Message Reply With Quote View Devonin's Have/Want ListView Devonin's Have/Want List
Taking advantage of a supply shortage to gouge on prices is both capitalism and legal, but it's still disgusting.

I can be fine with capitalism (I'm a business manager, I'd better be fine with capitalism) but there's still a certain level of morality surrounding corporate decisions. Most CEOs may score very high as sociopaths, but they don't all do, and you can still make reasonable profit without resorting to price gouging.

At 6.99/pack, businesses are still making what the supplier considers a fair profit over their cost price. And that's a profit margin that they're all provably okay with, since they pretty much only charge MSRP for virtually every other product they sell. To then slap an additional 100% markup on it just because they know they have their hands on limited supply high-demand products is crappy. It makes me want to stop giving them my business.

[Edited 1 times, lastly by Devonin on June 09, 2013]

 
Bagbokk
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posted June 09, 2013 10:07 AM   Click Here to See the Profile for Bagbokk Click Here to Email Bagbokk Send a private message to Bagbokk Click to send Bagbokk an Instant MessageVisit Bagbokk's Homepage  Edit/Delete Message Reply With Quote View Bagbokk's Trade Auction or SaleView Bagbokk's Trade Auction or Sale
I don't think it really counts as "price gouging" when it's literally the fair market value of the item. MSRP is not FMV. The demand for the product drives the price. They sell at MSRP for every other product they sell is because that is also the FMV for those products; there would be no demand for them if they sold at above-MSRP and it would make no sense to sell at below-MSRP.

Although, sure, in this particular case $13/pack and $300/box is a little above FMV right now, but it sounds like you would have the same problem with them if they were selling at $10/pack and $240/box (which is more along the lines of how much it's selling for right now).

 
Devonin
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posted June 09, 2013 10:13 AM   Click Here to See the Profile for Devonin Click Here to Email Devonin Send a private message to Devonin Click to send Devonin an Instant Message Edit/Delete Message Reply With Quote View Devonin's Have/Want ListView Devonin's Have/Want List
It's as much an issue with Wizards, when it comes right down to it.

They state things like "We don't care about the secondary market" and then sell limited print items at a fixed cost price to suppliers, who then juice up the price and just pocket a ton of extra money.

If WOTC put ANY effort AT ALL into monitoring the secondary market, and adjusted their production accordingly, there's no reason at all that fair market value shouldn't match the MSRP. That's how MSRP is theoretically generated in the first place. They take production and shipping costs, build in the industry standard markup, and that's what they set MSRP at.

Production volume should be similar. Analysis of the market, demand for the product, and an understanding of past performance should allow them to set production at an amount ideally in the range of about 80% of what they expect the demand to be. They are protected a little by an unexpected flop by not producing to 100% of anticipated demand, and it easily opens the door for later print runs to make up for the shortfall without coming in at production numbers so low that they'd be sold out in an hour at MSRP.

Every time something like this happens, and a product is being sold for a fixed cost price and then marked up 100% over MSRP it's actually less a sign that the store owner is an ******* (Though it's still pretty jerky and mismanaged in a lot of ways) and more a sign that Wizards misread the market horribly, and underproduced the product, and should make more to meet the demand at the actual price at which the product should be selling.

[Edited 1 times, lastly by Devonin on June 09, 2013]

 
Vegas10
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posted June 09, 2013 10:24 AM   Click Here to See the Profile for Vegas10 Click Here to Email Vegas10 Send a private message to Vegas10 Click to send Vegas10 an Instant Message Edit/Delete Message Reply With Quote View Vegas10's Have/Want ListView Vegas10's Have/Want List
quote:
Originally posted by flam flawless:
Selling and actually selling them are 2 different stories. 17.50/pack is amazing.

Very true which is why in a week or so I'll call again and see if they are reasonable, I think $12.50 is too much so I havn't bought any and I don't think any of these stores sold a lot of the limited supply they have, One place wanted to do a MM Draft but wanted to charge $50 (1 pack prize support per person) didn't get 1 person to sign up, but had 23 people to draft DGR at there normal $15 per person.

 
gaeacradle
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posted June 09, 2013 10:42 AM   Click Here to See the Profile for gaeacradle Click Here to Email gaeacradle Send a private message to gaeacradle Click to send gaeacradle an Instant Message Edit/Delete Message Reply With Quote View gaeacradle's Have/Want ListView gaeacradle's Have/Want List
quote:
Originally posted by Devonin:
stuff

But here is the problem that Wizards face.

1) Short-printing and see stores trying to get as much as they can. Some customers will be unhappy that they can't afford (or profit of) the products, or complain about the ethics of store owners.
OR
2) Over-printing and see the secondary market tank. With MM, any hint of it being over-printed will cause market confidence to evaporate. If this happens, the consequences are a LOT WORSE than a few unhappy people.

While I think Wizards is being TOO conservative with the print run of MM (another 10% or 15% increase in products won't hurt the market), I do agree with their approach. Better to be conservative with something like this than causing another mass exodus like the debacle with Chronicles. And this time, the secondary market doesn't have a reserved list to protect the values of Modern staples.

 
Bagbokk
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posted June 09, 2013 10:51 AM   Click Here to See the Profile for Bagbokk Click Here to Email Bagbokk Send a private message to Bagbokk Click to send Bagbokk an Instant MessageVisit Bagbokk's Homepage  Edit/Delete Message Reply With Quote View Bagbokk's Trade Auction or SaleView Bagbokk's Trade Auction or Sale
$50/draft is crazy. Not only that the packs just aren't worth that much (even with MM packs as prize pool), but it also alienates a bunch of people that probably would have drafted if it were cheaper (even with less prize support--our LGS used DGM packs as prize support). A lot of kids (say, 18-22 or so) just don't have $50 at once to blow, but would have $25-30. $50 also just SOUNDS like a lot more.

I've no problem placing some of the blame on Wizards--I just don't think it's really a problem (and in large part for the reasons gaeacradle stated above), and much less on the part of store owners. As long as they aren't being generally scummy people or running the store like a clubhouse for a group of regulars while alienating everyone else, I have zero problem with them actually trying to make a profit, since LGSs generally aren't that profitable (unless your "LGS" happens to be like, coolstuffinc or something).

[Edited 1 times, lastly by Bagbokk on June 09, 2013]

 
Devonin
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posted June 09, 2013 10:52 AM   Click Here to See the Profile for Devonin Click Here to Email Devonin Send a private message to Devonin Click to send Devonin an Instant Message Edit/Delete Message Reply With Quote View Devonin's Have/Want ListView Devonin's Have/Want List
quote:
2) Over-printing and see the secondary market tank.

They've explicitly stated that outside the reserve list, they don't really consider the secondary market when creating or distributing content. And we've seen plenty of indication that a number of people at Wizards aren't even happy about the reserve list.

I don't see how Wizards should be concerned at all about market confidence in Magic Cards as a long-term financial investment.

[Edited 1 times, lastly by Devonin on June 09, 2013]

 
flavor_of_the_weak
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posted June 09, 2013 12:10 PM   Click Here to See the Profile for flavor_of_the_weak Send a private message to flavor_of_the_weak Click to send flavor_of_the_weak an Instant MessageVisit flavor_of_the_weak's Homepage  Edit/Delete Message Reply With Quote View flavor_of_the_weak's Have/Want ListView flavor_of_the_weak's Have/Want List
quote:
Originally posted by Zeckk:
The proportion of cards that see constructed play in MM is easily more than 100% larger than a regular standard set. Given that MSRP for a regular standard set booster is $4, and MM is around $10-12, you are still getting a better deal than most set releases.

Secondly, find better cards to bash than Crushers or Figure of Destiny. Crusher is extremely under-rated in modern, and see play in both legacy/modern aggro loam.


Getting crusher in MM pack still isn't worth anything along with some other bulk rares in the set

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Zeckk
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posted June 09, 2013 03:58 PM   Click Here to See the Profile for Zeckk Click Here to Email Zeckk Send a private message to Zeckk Click to send Zeckk an Instant MessageVisit Zeckk's Homepage  Edit/Delete Message Reply With Quote View Zeckk's Have/Want ListView Zeckk's Have/Want List
quote:
Originally posted by flavor_of_the_weak:
Getting crusher in MM pack still isn't worth anything along with some other bulk rares in the set


Welcome to every magic set ever printed? Seriously, you sound ignorant when you complain that a super small sample size resulted in you getting below EV. It happens. The set is still amazing in terms of drafting, and it's certainly served it's purpose of getting people more interested in modern cards.

quote:
Originally posted by Devonin:
Taking advantage of a supply shortage to gouge on prices is both capitalism and legal, but it's still disgusting.

I can be fine with capitalism (I'm a business manager, I'd better be fine with capitalism) but there's still a certain level of morality surrounding corporate decisions. Most CEOs may score very high as sociopaths, but they don't all do, and you can still make reasonable profit without resorting to price gouging.

At 6.99/pack, businesses are still making what the supplier considers a fair profit over their cost price. And that's a profit margin that they're all provably okay with, since they pretty much only charge MSRP for virtually every other product they sell. To then slap an additional 100% markup on it just because they know they have their hands on limited supply high-demand products is crappy. It makes me want to stop giving them my business.



Good luck with that. WotC has a ton of respect for brick-and-mortar stores, largely because the business model for most of these stores involves being open 7 days a week for card game players to make use of their facilities, for free, on top of being the best logistical choice for people to come in and play, trade, and socialize for a host of hobbies.

So when some of them go over MSRP on a limited print-run item, the argument doesn't hold a lot of water. MM is as much of a reward to shop owners as it is for players, quite similar to the FTV products.

I understand that price points like 17.50/pack is a little absurd, but it's no different from a guy simply hoarding his stock for 6months/1year and taking advantage of the reduced supply (which is going to happen, I guarantee it).

 
Volcanon
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posted June 09, 2013 04:55 PM   Click Here to See the Profile for Volcanon Click Here to Email Volcanon Send a private message to Volcanon Click to send Volcanon an Instant Message Edit/Delete Message Reply With Quote 
So I played my first and probably only draft, aside from maybe phantom ones online.

It's okay. Point one is that it's a hugely amazing format to play. I drafted UR storm and almost got first. Point two is that it was a $32 draft where I pulled a Pulse and nothing else (except a few cool tokens and foils for my all-commons cube). Way too expensive even if that's a fair price, etc.

Set feels actually less bomby than more recent sets since removal is plentiful. And the bombs don't have hexproof. Heck, even the shatter varient they went with has other uses than to destroy target sword of fire and ice.

So yeah, I'd love to play this set more. I probably won't. It's a fun set but it's way too expensive. And I don't need modern staples anyway.

 
dwiz
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posted June 09, 2013 04:59 PM   Click Here to See the Profile for dwiz Click Here to Email dwiz Send a private message to dwiz Click to send dwiz an Instant Message Edit/Delete Message Reply With Quote View dwiz's Trade Auction or SaleView dwiz's Trade Auction or Sale
This format boils down to play Bonesplitter turn one or lose. Sort of kidding, but not really. Anybody else experience this? Of course, windmill slamming a sword changes things, but everybody plays their BS.

I had a BS plus 2 swords in sealed (all packs were mixed up from many boxes then distributed to 42 players). To quote douchey youth, **** was cray.

 
Volcanon
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posted June 09, 2013 05:04 PM   Click Here to See the Profile for Volcanon Click Here to Email Volcanon Send a private message to Volcanon Click to send Volcanon an Instant Message Edit/Delete Message Reply With Quote 
quote:
Originally posted by dwiz:
This format boils down to play Bonesplitter turn one or lose. Sort of kidding, but not really. Anybody else experience this? Of course, windmill slamming a sword changes things, but everybody plays their BS.

I had a BS plus 2 swords in sealed (all packs were mixed up from many boxes then distributed to 42 players). To quote douchey youth, **** was cray.


Not really. Just block it, blow up the guy with the sword, or whatever else. I got two epocracite and they were handy for blocking random 2-mana dorks holding splitter until I got my big dudes.

Moldervine was a bigger problem but thankfully I had a million ways to bounce a dude.

Oh, and all of those red splice spells *still* suck even when they are incredibly plentiful. It's kind of a trap. Just play them like overcosted burn spells that you can sometimes chain a spell to.

 
dwiz
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posted June 09, 2013 05:16 PM   Click Here to See the Profile for dwiz Click Here to Email dwiz Send a private message to dwiz Click to send dwiz an Instant Message Edit/Delete Message Reply With Quote View dwiz's Trade Auction or SaleView dwiz's Trade Auction or Sale
Turn 1 court homonculous, turn two splitter is insane. By the time they catch up, they're at 10 and you're dropping bombs. The format can be quite slow. Sadly, besides the GP I don't forsee drafting/playing sealed with it any further.
 
Volcanon
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posted June 09, 2013 06:21 PM   Click Here to See the Profile for Volcanon Click Here to Email Volcanon Send a private message to Volcanon Click to send Volcanon an Instant Message Edit/Delete Message Reply With Quote 
quote:
Originally posted by dwiz:
Turn 1 court homonculous, turn two splitter is insane. By the time they catch up, they're at 10 and you're dropping bombs. The format can be quite slow. Sadly, besides the GP I don't forsee drafting/playing sealed with it any further.

Yeah, but god hands are always insane.

 
dwiz
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posted June 09, 2013 06:36 PM   Click Here to See the Profile for dwiz Click Here to Email dwiz Send a private message to dwiz Click to send dwiz an Instant Message Edit/Delete Message Reply With Quote View dwiz's Trade Auction or SaleView dwiz's Trade Auction or Sale
quote:
Originally posted by Volcanon:
Yeah, but god hands are always insane.

ha, 2 commons in your opening hand is hardly a "god hand". everybody had it yesterday

 
HamtaroX19
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posted June 10, 2013 04:18 PM   Click Here to See the Profile for HamtaroX19 Click Here to Email HamtaroX19 Send a private message to HamtaroX19 Click to send HamtaroX19 an Instant Message Edit/Delete Message Reply With Quote 
Why is everyone opening foil goyf loll?

Just saying

 
broiler1977
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posted June 11, 2013 10:53 PM   Click Here to See the Profile for broiler1977 Click Here to Email broiler1977 Send a private message to broiler1977 Click to send broiler1977 an Instant Message Edit/Delete Message Reply With Quote View broiler1977's Have/Want ListView broiler1977's Have/Want List
If you were to guesstimate, what is the avg cracked pack value of MM?
 
Volcanon
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posted June 11, 2013 11:28 PM   Click Here to See the Profile for Volcanon Click Here to Email Volcanon Send a private message to Volcanon Click to send Volcanon an Instant Message Edit/Delete Message Reply With Quote 
quote:
Originally posted by broiler1977:
If you were to guesstimate, what is the avg cracked pack value of MM?

Ignoring foil goyf? Probably $2. Gofy skews the 'average', until enough MM is cracked.

 
Zeckk
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posted June 12, 2013 01:48 AM   Click Here to See the Profile for Zeckk Click Here to Email Zeckk Send a private message to Zeckk Click to send Zeckk an Instant MessageVisit Zeckk's Homepage  Edit/Delete Message Reply With Quote View Zeckk's Have/Want ListView Zeckk's Have/Want List
quote:
Originally posted by Volcanon:
Ignoring foil goyf? Probably $2. Gofy skews the 'average', until enough MM is cracked.

It's closer to 5, even without goyf. Someone much better than me at math essentially boiled it down to a 35% chance of getting a "money" uncommon, a 10% chance of getting a "money" rare/mythic, and a 5% chance of getting a "money" foil, roughly. Money meaning over $5 in value. Yes, the foil money cards skew the average, but that's the entire point. Same ol' pack gamlbing, just higher stakes.

 
gaeacradle
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posted June 12, 2013 04:39 AM   Click Here to See the Profile for gaeacradle Click Here to Email gaeacradle Send a private message to gaeacradle Click to send gaeacradle an Instant Message Edit/Delete Message Reply With Quote View gaeacradle's Have/Want ListView gaeacradle's Have/Want List
quote:
Originally posted by HamtaroX19:
Why is everyone opening foil goyf loll?

Just saying


I would wager that most of the people who opened FOIL Goyf is trying to get rid of it while it's still hot. In about 2 months (aka a month after the 2nd wave), the supply will then dry up like normal.

 
walkerdog
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posted June 12, 2013 07:35 AM   Click Here to See the Profile for walkerdog Click Here to Email walkerdog Send a private message to walkerdog Click to send walkerdog an Instant Message Edit/Delete Message Reply With Quote View walkerdog's Have/Want ListView walkerdog's Have/Want List
In draft one ($30 drafts, 20/10/5/5 prize support in store credit), I opened Shackles in P1, raredrafted Summoner's Pact, GAA4, Kataki, Woodfall Primus, foil paradise mantle, opener Kiki-Jiki in pack 3, and split the store credit for 1/2 in the finals.

With the store credit, my 2nd entry was $15. I cracked KotR, Goyf, and Adakar Valkyrie, won r1, dropped, sold the goyf and went home up ~$30 in cash for the day + the Kiki/Shackles/KotR/Valk/assorted other rares. It was a good time.

 
fluffycow
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posted June 12, 2013 08:35 AM   Click Here to See the Profile for fluffycow Click Here to Email fluffycow Send a private message to fluffycow Click to send fluffycow an Instant Message Edit/Delete Message Reply With Quote 
luck >>>> knowing stuff

The store was charging ~$320 for a box, a friend wanted a box and I told him to just get it on ebay and save $70+. He went against my advice. Opened the box right in front of me:

Foil goyf
2 bob
+ who cares

I need luck like that

edit: typo

[Edited 1 times, lastly by fluffycow on June 12, 2013]

 
wayne
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posted June 12, 2013 04:58 PM   Click Here to See the Profile for wayne Click Here to Email wayne Send a private message to wayne Click to send wayne an Instant Message Edit/Delete Message Reply With Quote View wayne's Have/Want ListView wayne's Have/Want List
Ugh, forced to use the beta on MTGO
 

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