### Overview: Food Wraps of the First Necromancer The *Food Wraps of the First Necromancer* is a cosmetic item introduced as part of RuneScape 3's Necromancy skill launch (August 7, 2023). These wraps quickly became a status symbol due to their limited availability and association with Necromancy content, a highly anticipated skill that redefined combat. Sold through treasure trails or as part of Necromancy-related drops, their rarity lies in their non-redeemable nature (which prevents unlimited flooding into the economy). As of December 2024's timeline, this item oscillates between high speculative values and sharp corrections. Prices have fluctuated from extreme highs of **2B GP** in August 2023 (launch hype) to as low as **53M GP** in late 2024 due to GP oversupply and changes in Treasure Hunter dynamics. --- ### Release History and Volatility **Release Date:** August 7, 2023, alongside Necromancy content **Rarity:** Medium-high, tied to Necromancy updates and limited initial distributions **Price Trends (Key Events):** 1. **Initial release hype (August 2023):** Exploded to 2B GP as speculators anticipated cosmetic demand to surge for Necromancy. 2. **Hero Pass backlash (September 2023):** Negatively impacted cosmetic collector sentiment, leading to corrections to ~300M GP. 3. **Treasure Hunter integration (November-December 2023):** Likely diluted availability and caused sharp declines toward 100M GP. 4. **Major GP influxes (April-May 2024):** Widespread cash injections (e.g., Max Cash exploit and 1B GP TH rewards) reduced purchasing power and cut demand by the time prices hit sub-100M territory. --- ### Price Prediction (2025 Forecast) Given historical trends and speculative investment practices: 1. **Next few months:** Prices may stabilize, hover around **50M-75M** GP. The stabilizing effects occur as speculative interest declines, while casual collectors purchase for vanity reasons. 2. **Short-term catalysts:** - *Positive:* Any Necromancy-focused update could briefly renew demand, e.g., a spiritual successor to the skill's content. - *Negative:* Treasure Hunter reworks, continued GP injection mechanics, or dupe exploits (which reduce the item's effective exclusivity). 3. **2025 Outlook:** Long-term recovery is plausible if Necromancy remains a relevant niche or if Jagex reduces economic inflation. Expect fluctuation in the **45M-100M GP** range by mid-2025, barring unforeseen catalysts. --- ### Profit Margins for Flipping Flippers currently report: - **Typical margin:** ~5-10% for buy/sell cycles in the volatile **50M-75M GP** range - **High-Spike margin:** During spikes (e.g., pre-patch rumors), flippers achieve **15-20%** if quick-trading around developer announcements. However, margins narrow during stable periods, especially as prices drop below 60M GP where trader liquidity dominates speculative hoarding. --- ### Suggested Investments If flipping or holding **Food Wraps of the First Necromancer**, pairing it with complementary investments can hedge against losses or amplify profit: 1. **Similar items to hold:** - *Ghostly Garb Collection:* Historically seasonal, gains near Halloween and necromancer-related events. - *Bone Blowpipe:* Another cosmetic tied to Necromancy with similar prestige mechanics before Dilution. - *Shadow Dye:* Rare high-value dye that spikes when elite cosmetics resurge in popularity. 2. **Alternative speculations:** - *Seasonal rares:* E.g., 2023 Black Partyhat, which aligns with scarcity-based pricing trends. - *Treasure Hunter consumables:* These become reliable flips when TH meta shifts rapidly (e.g., Spring or Winter Updates). --- ### Seasonal Market Considerations: The pricing of RuneScape items often correlates with *seasonal* updates and player engagement: - **Positive Seasonality (rising prices):** - August-October: Content-heavy months often feature skill updates, and Halloween cosmetics boost demand for similar cosmetics. - February-March: Anticipation for Combat rebalances or Anniversary events pushes speculative demand. - **Negative Seasonality (falling prices):** - November-January: Heavy Treasure Hunter promotions dilute item rarity, while new Christmas rares dominate collector focus. - May-June: Economic inflation spikes due to summer event mechanics (closures of PvP/Wilderness or token farming events). --- ### Key Insights - The Food Wraps of the First Necromancer is predominantly a **cosmetic/speculative asset**, with prices tied to Necromancy relevance and treasure hunter inflation cycles. - 2023's **unsustainable boom** post-release shows RuneScape's susceptibility to over-speculation for "new skill" items. This led to a sharp collapse once the honeymoon period ended. - With GP inflation and Treasure Hunter dilution cycles active into 2024, future upside depends heavily on Jagex maintaining *Necromancy’s legacy* within RuneScape.