I may have a few readers that remember a mention of my time
in finance. These readers either have savant-like
recall or are way too interested in my life.
For those of you who are not part of Creepy-Sect, I worked in mortgage-backed
security arbitrage for a Savings and Loan in New York. It was the 80’s; times were good. Today, this admission is the equivalent of
saying I worked in hull design while they were building the Titanic.
Nevertheless, I did learn that prices in competitive markets
are not arbitrary. This price may not
necessarily match value. Securities
could be worth more or less than their price.
While the difference in price and value opens up trading opportunities,
one has to ask why the market is discounting (or inflating) the price of a
commodity. Understanding these market forces is the difference between good and
bad traders.
Yugioh is no different than any other market, which is why I
wondered about Castel’s falling price.
$10 to $12 seems like a great deal.
After all, the advantages of this card are fairly well known. Our little musketeer returns cards to the
deck and nullifies the ever-enlarging horde of graveyard effects. Furthermore that
effect applies to any face-up card,
which opens up Safe Zone plays. Finally,
it’s fodder for Diamond Dire Wolf and Icarus Attack.
With all this going for the card, why is it equivalent to a
movie admission? Here are some possible answers
to that question and the effect of that answer on the future value of the card:
My Extra Deck is full. Yugioh players have a large selection of OP
cards to put in their extra-deck. While
Castel is good, he is not good enough to take up two slots. A quick perusal of the OCG shows that few
doolists are using more than one. Less
demand and more supply means a lower price.
Verdict: Remains between $10-15.
(Fill in your favorite archetype) took my money. Duelist Alliance had an unusual number of
desirable archetypes. Doolists found themselves
dropping cash for Sattelarknights, Shaddolls, Dueling Abyss, and Yang Zing
monsters. Once you’ve paid $150 to play
a deck, there is little appetite for more cards. If this is the case, the demand for the card
will pick up. Verdict: Increases to $20-25.
Ohhh … Exciton Knight. Just as we got done unwrapping our Duelist
Alliance packs, Konami hits us with The Mega-Tins. Finally, those OPOP cards are available to
everyone. Konami has essentially flooded
the market and washed Castel away. Verdict: Increases to $20-25.
Castel who? Local tournament play may be quite slow so that most
doolists have not yet faced the archetypes released by Duelist Alliance. As a result, they haven’t experienced the rather
extreme graveyard recursion of these decks.
Once they do, they will be begging for Castel. Verdict: Increases to $25-30.
I do think that the card will rise in price since most cards
do in the weeks following their release.
Tightness in the Extra Deck will keep the demand down somewhat, but it
is a solid card. I pulled one (yay) and
will likely pick up 1 or 2 more because of my fondness for Harpies and Mist
Valley monsters.