### Summary of the Inverted Thieving Skillcape (120) The Inverted Thieving Skillcape (120) is an aesthetic variation of the standard 120 Thieving skillcape, available only as a rare reward during short promotional events like the Golden Cape Hunt in late 2022. It features an inverted color design compared to its traditional counterpart and symbolizes mastery of the thieving skill beyond level 99. Players who achieved at least level 120 in Thieving and participated in the promotion could unlock this item. Since it was a time-limited reward and not directly reobtainable after the event, it has gained prestige and value among collectors. **Release Date:** Golden Cape Hunt event (Late 2022, coinciding with the Fresh Start Worlds introduction on 09/22/2022). **Rarity:** Among the rarest items in RuneScape, largely due to its limited distribution and specific skill requirement, satisfying a niche high-tier market. Its rarity mirrors that of inverted capes from other skills promoted during similar time-limited events. --- ### Price Analysis and Historical Trends The Inverted Thieving Cape has shown considerable price volatility since release. Below is a full analysis of its performance based on the provided data: - **Initial Spike:** Upon its release during the Golden Cape Hunt, its value quickly spiked to **2.5 billion GP**, as wealthy collectors scrambled to acquire it at a time of heightened competition following Fresh Start Worlds. - **First Decline:** Over late 2022 and early 2023, prices consistently declined from **2b+ to a low of 720m GP**. This likely reflects diminished hype, market stabilization as owners began selling, and increasing liquidity after the Fresh Start Worlds event ended. - **Resilience:** The cape experienced a secondary rally near **Jan 29, 2023**, peaking around **1.5b GP** following events like the **Scrimshaw dupe** (01/29/2023) that flooded markets with GP. This likely allowed wealthier players to invest in collectibles like inverted capes. - **Mid-Year Fluctuation:** Post-January, its value stabilized around **800m-1b GP**, reflecting collector-driven demand amid economic balancing from ongoing GP removals via Treasure Hunter sinks and consistent updates like **Necromancy (08/07/2023)**. --- ### Price Prediction (Next Few Months: 2024-2025) Considering historical price trends and anticipated events, the item's trajectory may fluctuate within the following predictions: 1. **Short-Term Dip:** Around **04/10/2024**, **Treasure Hunter GP additions** can inject excess liquidity into lower-tier collectible markets, leading to a reduction in speculative demand for the cape, driving it toward the **700m-900m GP** range. 2. **Mid-Year Spike:** Updates like **Sanctum of Rebirth (07/22/2024)** and **Mining Reworks (08/12/2024)** are likely to bring new GP influxes but also draw attention away toward contemporary content, potentially limiting a major price increase for the cape until **06/2025+.** 3. **Long-Term Potential:** By late 2024 or early 2025, with **general market inflation** fueled by GP exploits and niche collectible demand swelling (such as during a potential new promotional event), resale values of the cape could regain heights near **1.2b-1.5b GP.** --- ### Flipping Margins The flipping margins for this cape range **5-9%** under typical conditions. Based on the lower and upper outlier sale prices, profitable trading can be achieved by: 1. Buying during high-demand content updates or GP-sinks that temporarily push players into liquidity crises (e.g., after the **GP Treasure Hunter rewards update**). 2. Selling in periods of speculative "collector frenzy" before an anticipated re-release or highly desirable market update. For example: - **Jan 2023 Flipping Potential:** Buy prices as low as **950m GP**, sold 1-2 weeks later at peaks around **1.5b GP**, yielding approximately **35-50% gross profit margins**. --- ### Similar Items to Invest In To capitalize on similar niche markets, consider investing in other collectible inverted skill capes or high-demand promotional rewards that are tradeable and tied to limited-time availability. Examples include: 1. **Other inverted capes** (e.g., Inverted Cooking, Inverted Slayer): They tend to experience parallel market trends with the Thieving cape and follow hype cycles driven by collectors. 2. **Black Partyhat (Release: Dec 2023):** This cosmetic rare, released around a widely hyped promotional event, will almost certainly mirror the long-term price boom of the Golden Partyhat. 3. **Gummy Pets (April 2024 Dupe):** These could present short-term flipping opportunities if purchased cheaply post-incident and resold once rarity normalizes. --- ### Seasonal Advice on Market Trends 1. **Positive Seasonal Outcomes:** - Major collectible price rises often occur **post-expansion updates** (e.g., after large skill releases like Necromancy in Aug. 2023), as wealthier players look to diversify investments into cosmetics. - Winter months (Nov-Jan) often see increased speculative activity and spending tied to influxes of returning players during holiday seasons. 2. **Negative Seasonal Outcomes:** - Significant inflation-triggering in-game events (e.g., Treasure Hunter GP boosts like **April 2024**) put downward pressure on prices for high-value, niche collectibles. Monitor liquidity spikes that could lead to temporary sell-offs. --- ### Closing Insights The Inverted Thieving Skillcape (120) represents an emblem of prestige for collectors and speculators alike. Given its heavy interplay with updates, economic exploits, and niche demand cycles, its value will remain tightly correlated with general wealth distribution within RuneScape. Strategic flipping, alongside investment in synergistic rares, remains a consistent approach to profiting from its price trends while mitigating risks from economic disruptions. Patience and market timing are key for maximizing long-term returns.