### Summary of the Invoke Lord of Bones Incantation Codex The **Invoke Lord of Bones Incantation Codex** is an endgame utility item in RuneScape 3 that introduces a Necromancy-related incantation ability, providing additional options to players who specialize in the Necromancy combat style released in August 2023. This codex is highly coveted by endgame PvM (Player vs. Monster) players, especially those engaged in high-tier group content, due to the synergy it offers with a Necromancy setup. First made available on **July 22, 2024** with the **Sanctum of Rebirth** dungeon (a Necromancy-focused combat encounter), it dropped as either a rare loot or tradeable reward. The rarity of the item depends on dungeon completion milestones, capped by boss kills and drop rates tied to Necromancy thresholds. Its pricing trajectory reflects its status as a new but situational item, with high rarity in loot from advanced endgame dungeons limiting supply. --- ### Observed Market Trends and Historical Price Data Analysis Analyzing the data provided, the Codex has demonstrated extreme price volatility since release: 1. **Peak Value (739M, July 2024):** This was shortly after the **Sanctum of Rebirth** dungeon launch. Its limited availability, coupled with hype surrounding Necromancy, drove prices to their maximum just two days after release. 2. **Rapid Depreciation (300-400M range, August-October 2024):** A few factors caused a steep dip in price: - Increased familiarity with the mechanics revealed that the Codex benefits specific playstyles, reducing its appeal to certain player demographics. - Expanded supply as high-tier PvM players farmed Sanctum of Rebirth over time, flooding the market. - The **Mining and Smithing Rework (August 12, 2024)** distracted the economy, redirecting wealth towards skilling-related updates instead of combat-related purchases. 3. **Stabilization and Current Trend (259M-397M, October-December 2024):** While prices haven't returned to their August-September highs, the Codex's current valuation suggests a stabilization due to consistent demand from PvMers recognizing its long-term utility for progression, particularly with Necromancy combat updates showing staying power. 4. **Short-Term Dips (November 2024):** As seen from the **November 1, 2024 bank dupe bug**, general item deflation occurred as the market absorbed duped currency, which likely led to panic selling. However, high-value items like the Codex moderately recovered. --- ### Price Prediction (Next Few Months) Given historical behavior and the RuneScape economy: 1. **Late December 2024:** Prices might see a dip closer to **250-275M** due to seasonal factors: - The **holiday period** typically involves increased Treasure Hunter promotions, injecting new GP into the economy and reducing the relative value of items in low supply. - Codex trade volumes might drop as players participate in Christmas events rather than engaging in long PvM grinds. 2. **January-February 2025:** Recovery toward **325-375M** is likely as PvMers resume routine grinds post-holidays. This codex is essential for sustained Necromancy-based content, with demand correlating directly to the popularity of Necromancy within the meta. 3. **Early March 2025:** Potential surge due to the **2025 Combat Update**, depending on whether Necromancy receives additional buffs or related releases. If new synergies emerge, the item could break the **400M+ barrier**, subject to market scarcity. **Factors That Could Stall Prices:** - Future codices or Necromancy tools surpassing the functionality of the current Lord of Bones could erode its value. - Treasure Hunter promotions adding relatable rewards (e.g., Necromancy ability unlocks) could oversaturate the niche market. --- ### Flipping Margins Based on recent prices, the typical flipping margins have fallen in the **15-30 million GP range**, particularly seen when the Codex dips below 300M. For example: - Buying during panic dips (e.g., October 2024 = 259M) and selling during stabilization peaks (e.g., December 2024 = ~397M). Larger spikes (e.g., post-release highs around 739M) appear unsustainable due to expanded supply from farmlands, so these represent a limited window for rapid flipping gains. **Key Flipping Advice:** - Look for **holiday dips** (December 2024) for optimal purchase prices. - Prioritize holding during PvM/New Update periods when demand recovers. --- ### Alternative Items to Invest In If investing in high-end codices like the Lord of Bones is risky due to price volatility, consider the following: 1. **Weapons and Armor:** - **Necromancy Exhumation Upgrades**: These are generally less volatile, with consistent value appreciated over long-term Necromancer upgrades. - **Death Dealer Equipment**: Items buffed alongside the Combat Update in March 2024 may have stable growth. 2. **Augmentation Items:** - Augments like **Gizmos** particularly tied to PvM combat styles show linear demand and high trade volumes. 3. **Utility Codices:** - For broader profit margins within PvM, consider historical counterparts like the **Greater Ricochet Codex** or **Greater Concentrated Blast Codex**, as their prices often reflect Flipping-friendly spikes before periodic PvM balancing changes. --- ### Seasonal Insights on RuneScape Item Valuation **Seasonal Periods to Monitor:** - **Positive Outcomes (Price Surges):** - January-March (post-holiday PvM grinds). - Summer months (July-August) coincide with large-game updates increasing high-value item buying. - **Negative Outcomes (Price Drops):** - Late December (Treasure Hunter inflation). - May-Mayhem and Black Friday promotions (GP surges from Bonds and Treasure Hunter prizes devalue rare tradables). By leveraging these insights alongside economic forecasts, you can time market movements effectively while supplementing trades with complementary Necromancy-related items as the meta evolves.