4 ms·
Magic: The Gathering Black Lotus card sells for a record $540k
- aaron695 3y ago[dead]
- afpx 3y agoDamn, I lost a beta Black Lotus in ante (circa 1993).
- Lutzb 3y agoI remember reading the prices in InQuest back in 1995 and thinking $200 is kinda steep for a beta Black Lotus.
- dartos 3y agoIt must be money laundering or insider trading type money making nonsense. I can’t imagine who would buy this units they were going to flip it.
- mattnewton 3y agoAs a recovering magic the gathering player, I thought the opposite. This is exactly in line with what would happen if a couple collectors with more money than sense bid against each other for the ultimate chase rare.
- BlackjackCF 3y agoI thought so too, and then I remembered that NFTs are a thing. At least Magic cards have some purpose.
- Suppafly 3y agoBlack Lotus cards are pretty well known for selling for crazy amounts of money, there is no reason to suspect laundering or anything like that.
- manvillej 3y agoPost Malone can't be stopped
- roshin 3y agomoney forgery is a somewhat common criminal activity. forging money is a strict crime and due to all of the protection, very hard to do. I wonder how hard it will be to forge a black lotus. let's say you make one and sell it for that amount of money. you can say that you found it in your closet, pay taxes on the money you earned from selling it, and then have legal money on hand.
- rc5150 3y agomuch like combating counterfeit legal tender, there are many anti-theft safeguards put into place by the printers of MTG cards. They aren't perfect but there are signs of forgery/fake prints: https://infinite.tcgplayer.com/article/How-to-Spot-Counterfeit-Magic-The-Gathering-Cards/60b2b195-6c1c-4364-9f9b-0de3d8ede084/ https://infinite.tcgplayer.com/article/How-to-Spot-Counterfe... more info: https://magic.wizards.com/en/news/feature/buyer-beware-2004-04-26 https://magic.wizards.com/en/news/feature/buyer-beware-2004-... it can be done successfully, but there are many ways to fuck it up, as well. Also, if you make a card as highly scrutinized as the Black Lotus, you're going to have a harder time because of said scrutiny.
- roshin 3y agoI assume that the Bureau of Engraving and Printing have significantly more difficult anti-theft safeguards than a 1 year old playing card company.
- kdwikzncba 3y agoImagine putting money into a collectible that someone else can make more of. Truly a Warren Buffett in the making.