Comments on: Insider: Modern Masters 2015’s Effect on Prices https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/ Play More, Win More, Pay Less Tue, 18 Jan 2022 02:25:23 +0000 hourly 1 By: Christopher Dube https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-685029 Tue, 05 May 2015 08:32:34 +0000 http://www.quietspeculation.com/?p=59382#comment-685029 In reply to David Schumann.

Exactly what you just said. It’s an excellent guideline to make an educational guess as to where prices might fall/bottom out using relevant available data.

Thanks for this write up!!

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By: David Schumann https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-657487 Wed, 29 Apr 2015 18:54:45 +0000 http://www.quietspeculation.com/?p=59382#comment-657487 In reply to Sven.

But again my point is that from a % of the population of mythics (i.e. 2/15) that went up compared to the % of the population of mythics (13/15) that went down, it seems foolish to bet that a small % of mythics going up will offset the losses from the much larger % going down. Your math is correct in that if you had 10 of each it would have been more profitable to hold all 10 then sell all 10 and rebuy, however, if you have more copies of NOT tarmogoyf/bob…then that might not be the case.

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By: David Schumann https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-657457 Wed, 29 Apr 2015 18:49:43 +0000 http://www.quietspeculation.com/?p=59382#comment-657457 In reply to Sven.

I didn’t mean for that to come off as brash or aggressive by the way. I did the original calculations too quickly (it took me about 2-3 hours to gather all my data points..and I was a bit out of it by the time I’d completed that part).

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By: Sven https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-657445 Wed, 29 Apr 2015 18:47:30 +0000 http://www.quietspeculation.com/?p=59382#comment-657445 In reply to David Schumann.

I was more thinking about it from a “hold/sell all” scenario of course.

I don’t see why it would have been foolish to hold them all in such a case? If you had 10 copies of each, selling them all around release would result in $4,145.50, while selling them later would result in $4,263.20 according.

What I am trying to say, if this set has again Tarmogoyf/Dark Confidant kind of mythics (price starts increasing iso declining) and we can’t identify upfront which ones that are, it might not be so foolish to keep them all and wait a bit to see which ones to sell.

The money you lose by selling the declining mythics later, might be more than compensated by holding on to the ones that actually will increase*.

* if we have Tarmogoyf/Dark Confidant kind of mythics of course! -> Can these cards do that again? Will MM2015 increase popularity in modern once again?

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By: Sven https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-657374 Wed, 29 Apr 2015 18:31:44 +0000 http://www.quietspeculation.com/?p=59382#comment-657374 In reply to David Schumann.

Yes, correct. I was on the phone this morning while reading and did a quick (wrong) calculation “29×1.06×1.02” iso “1.29×1.06×1.02” which indeed leads 39.47% increase!

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By: David Schumann https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-656689 Wed, 29 Apr 2015 16:18:52 +0000 http://www.quietspeculation.com/?p=59382#comment-656689 In reply to Sven.

You are correct in that it’s not technically correct…however, you’re also wrong.

If I have a number (say 12,000,000 which is one of the last “playerbase sizes” I recall WoTC having published). If I grow 29% from that I now have 15,480,000 players…if I now grow another 6% on top of that, I have 16,408,800 players and if I grow another 2% on top of that; I have 16,736,976. This new number is a total growth (compared to the 12,000,000 original number) of 39.47%, so for that I apologize.

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By: David Schumann https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-656662 Wed, 29 Apr 2015 16:14:44 +0000 http://www.quietspeculation.com/?p=59382#comment-656662 In reply to Sven.

Sven, the aim was to look at the mythics as individuals in the group, if you’re sitting on 10 copies of all the mythics in M2015 (when spoiled) it would be foolish to hold them all because 2 of the 15 last time went up…when the other 13 went down..as a whole the typical mythic in the set decreased, which is what I was going for. I do appreciate the challenge to my reasoning though

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By: Sven https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-653567 Wed, 29 Apr 2015 05:36:27 +0000 http://www.quietspeculation.com/?p=59382#comment-653567 And saying “Player growth since 2013 (29% [2013 year playerbase growth] + 6% [2014 active player growth] + 2% [2015 growth unknown, but likely similar to 2015 pace]) = 37% total player growth.” is even plain wrong.

29%, 6% and another 2% would lead to only a 31.35% increase over three years!

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By: Sven https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-653462 Wed, 29 Apr 2015 05:12:00 +0000 http://www.quietspeculation.com/?p=59382#comment-653462 A small nuance, but I believe the statement “The average percentage price drop for the mythics of MM2013 was -10.3%.” is a bit misleading.

The total value of MM2013 mythics actually increased from $414.55 to $426.32, so actually +2.8% increase. In other words, the EV (for mythics) went up!

You are taking averages of averages, which is not what you should be doing in this case 😉

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By: David Schumann https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-650356 Tue, 28 Apr 2015 17:17:56 +0000 http://www.quietspeculation.com/?p=59382#comment-650356 In reply to phyrexiantrader.

That’s why I mentioned to use it at your own risk….Engineering 101 we learn we aren’t supposed to Extrapolate from data, however, the problem is if you only want to look at MM2013 prices in hindsight, there’s no real financial gain looking at the past (save if you want to just consider the price changes as an overall trend). While I definitely agree that the weighted equation should be taken with a grain of salt, I list my assumptions because there are a lot of unknowns. I agree that it wouldn’t be wise to take a card (once spoiled) current price…multiply by 0.49 and ONLY buy it when it hits that point…but I do feel like you might want to pick them up when they get within 10-15% of said price point.

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By: David Schumann https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-650322 Tue, 28 Apr 2015 17:11:52 +0000 http://www.quietspeculation.com/?p=59382#comment-650322 In reply to Calum Williams.

I don’t…the 2.66 is only used as a factor to consider MM2015…I compared it the drop rate to MM2013 ONLY to show that the # has statistical relevance as a historical precedent shows a very similar overall drop rate. I apologize if this wasn’t clear enough.

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By: Calum Williams https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-650183 Tue, 28 Apr 2015 16:48:47 +0000 http://www.quietspeculation.com/?p=59382#comment-650183 Actually, in hindsight and upon second read through, how can you use P=2.66 which is the print multiplier for MM2015 in a formula for the original MM. The 49% decrease in MM13 rares wouldn’t be influenced by that. Unless you can somehow justify for individual cards (pact of negation for example at -50%) had about 2.66x more copies enter the market. Thoughts?

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By: phyrexiantrader https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-650049 Tue, 28 Apr 2015 16:23:16 +0000 http://www.quietspeculation.com/?p=59382#comment-650049 interesting article if you promote is as a review on MMA13 prices. That’s interesting data.

But formula’s are probably worthless for MMA15.

Best thing is that this gives me the data to shut up people who thinks mythics will go up in price again, just because 2 of all mythics got a price bump.

MMA13 was before a growth in popularity in modern. MMA15 will launch after (or during) a popularity growth in modern.

Goyf and dark confidant were the cards for jund, the one and only champion in modern decks in 2013.

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By: Calum Williams https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-649964 Tue, 28 Apr 2015 16:06:51 +0000 http://www.quietspeculation.com/?p=59382#comment-649964 I like math a lot. And I like magic cards a lot. Really enjoyed this article. Formula for rares is nice and well justified but I’m curious to figure out a weighting factor for the mythics. The mythic price change compared with the rare price change (0.72 / 0.51) indicates the mythics are 1.4x more resilient so you could use that as a coefficient that works for this data set. Whether or not there is a justification for that 1.4x and whether it can be used for MM2015 is a different matter… Keep up the good math!

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By: David Schumann https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-648907 Tue, 28 Apr 2015 12:09:41 +0000 http://www.quietspeculation.com/?p=59382#comment-648907 In reply to Mike Lanigan.

Thanks Mike. I really enjoyed writing this one, though it took a good amount of time gathering data, I think the information we can gather from the data itself is very useful and I know I personally plan on utilizing the trends noticed with regards to my acquisition of MM2015 cards.

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By: Mike Lanigan https://www.quietspeculation.com/2015/04/insider-modern-masters-2015s-effect-on-prices/#comment-648783 Tue, 28 Apr 2015 11:43:59 +0000 http://www.quietspeculation.com/?p=59382#comment-648783 That was a lot of extremely interesting data. Would love to see a followup article if the spoiled list of mythics does indeed prove true. Great job.

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