Hasbro Double Downgraded by Bank of America.

Scribe · Nov 17, 2022

TLDR: Wizards intends to continue to flood the market. As of today anyway.

Birmy · Nov 17, 2022

Staffan said:
I'm pretty sure Gabby isn't old enough.

Not to take away from the joke, but isn't she "Scout" now?

Staffan · Nov 17, 2022

Birmy said:
Not to take away from the joke, but isn't she "Scout" now?

Yeah (unless she changed again), but still.

Art Waring · Nov 17, 2022

Scribe said:
TLDR: Wizards intends to continue to flood the market. As of today anyway.

I don't think they could stop the next year of production even if they wanted to, with their overloaded releases already locked in, and all those signed contracts to third parties to release 3rd party licensed products.

What's also concerning is the fact that the stock market, banks, major news outlets, and the internet are all fully aware of the situation (and many players, store owners, and collectors are angry and have been for years), and wotc has been completely silent on this issue.

Heads literally buried in the sand.

If you look at the wotc youtube video for the 30th anniversary set, it has over 5 thousand dislikes and less than 500 likes. The video above posted by Scribe is actually a re-release of the original video because the live comments section was so angry that they had to reupload it to cut out the comments it and it still got thousands of dislikes.

30th anniversary edition comes out in two weeks, and its sad that despite all the news coverage, their newly printed proxies will probably sell out anyway. Wizards always does test runs, and when they are a success, they do it again and again until its milked dry.

Rudy says in this video that this is a definitive moment in mtg history, whatever happens after the 30th anniversary release, for better or worse, things will never be the same. If it is a success, they will have no doubts about reprinting anything they want. Nevermind that a proxy mox pearl that just came out of a pack almost sold for $3000, the same cost for a 30 year old vintage Unlimited Mox pearl. It will likely crash the collectors market just like baseball cards when they went into overproducing, now they (baseball cards) are worthless.

Stormonu · Nov 17, 2022

Squeezing the golden goose until you strangle it.

Zardnaar · Nov 17, 2022

Stormonu said:
Squeezing the golden goose until you strangle it.

Pretty much.

Depending on how these overpriced proxies go it essentially greenlights them to print whatever.

They started directly manipulating the secondary market a few years ago directly selling expensive rares vs reprinting them in a new set.

trappedslider · Nov 17, 2022

Zardnaar said:
Pretty much.

Depending on how these overpriced proxies go it essentially greenlights them to print whatever.

They started directly manipulating the secondary market a few years ago directly selling expensive rares vs reprinting them in a new set.

Are you referring to the secret lairs?

Zardnaar · Nov 17, 2022

trappedslider said:
Are you referring to the secret lairs?

I think that is them. The first one was bitterblossom and the product was priced very close to the secondary market for 4-5 cards iirc.

I had quit D&D but still had friends mentioning it.

Scribe · Nov 17, 2022

trappedslider said:
Are you referring to the secret lairs?

This is one of them the issues, yes. The 'direct to x format' releases that skip Standard are also an issue. Anyway, here's another video, will be interesting to see what happens.