### **Enchantment of Agony Overview**
The *Enchantment of Agony* is a rare and sought-after **detrimental damage glyph** that amplifies the player's damage output at the cost of minor sustainability. It is commonly used in high-end PvM scenarios where maximizing damage within tight kill windows overrides defensive considerations. Released in **mid-2022**, it currently maintains a significant presence in RuneScape's high-end combat meta alongside other enchantments like the *Enchantment of Cruelty.*
#### **Item Rarity**
Its rarity stems from the necessity to craft it through an **enchantment scroll** dropped by bosses such as Raksha and Zuk. Combined with a limited supply due to high crafting costs and low tradability windows, the item’s market remains tight, restricted to wealthy high-level players.
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### **Price Analysis and Historical Insight**
#### **Historical Price Performance**
A study of the price trends reveals cyclical spikes and drops tied to game updates and macroeconomic disruptions within RuneScape's ecosystem. Key data points:
1. **Initial High (July 2022)**
Enchantment peaked around **85M GP** in its infancy, fueled by its introduction and its appeal to PvM combatants. However, prices declined as additional drops entered the market shortly thereafter.
2. **Volatility Amid Systemic Disruptions (2023)**
The **Scrimshaw dupe (Jan 2023)** severely impacted the market. Surplus gold, coupled with player hacks, led to inflated valuations across the board, temporarily spiking the *Enchantment of Agony* to **119.9M GP (Feb 2023)**—a speculative peak in a panic-buying climate.
3. **Stabilization Post-Necromancy Update (August 2023)**
Necromancy’s release introduced new combat gameplay, increasing PvM activity but overshadowing older strategies, which initially dipped demand for the *Enchantment of Agony*. The **Hero Pass backlash (Sept 2023)** compounded market uncertainty, forcing a price slump to **50M GP (Dec 2023)** before prices rebounded.
4. **Recent Reactions to Economic Expansions (2024)**
During spring 2024, key events such as the **Max Cash exploit (May 2024)** added trillions of GP to the economy, funneling liquidity into upper-tier items. This led to renewed interest, enabling the item to recover to **70M GP (Aug 2024)**. Subsequent content updates (Sanctum of Rebirth) also boosted use cases.
#### **Current and Future Trends**
With a price of **~65.5M GP (Sept 2024)**, the market currently seems stable. PvM relevance and an increasingly gold-rich environment suggest moderate growth potential.
##### **Prediction (Next 3-6 months):**
1. **Bullish Outlook (70-80M GP)**: The likelihood of additional PvM updates and economic inflation suggests price increases as demand for competitive gear intensifies.
2. **Bearish Risks (~60M GP)**: A PvM meta shift (e.g., if defensive builds become dominant) or supply flooding (due to a possible drop buff) could depress demand.
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### **Price Dips/Spikes Explained**
- **Dips (e.g., Feb 2024, Dec 2022):**
These usually occur after:
- Economic overinflation saturating the market.
- PvM meta shifts making rival glyphs or combat styles more favorable.
- Major item exploits that devalue higher-tier items as liquidity tightens elsewhere.
- **Spikes (e.g., Feb 2023, Aug 2024):**
Spurred by events that restore PvM viability or by new content/updates that reinvigorate the meta. Economic improvements, such as treasure hunter windfalls or content expansions (like the *Necromancy update*), can also generate demand.
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### **Typical Flipping Margins**
The flipping margin on the *Enchantment of Agony* oscillates between **1-2M GP** per trade during stable periods. However, during volatility events tied to updates or market disruptions, spreads can widen to around **3-5M GP**, allowing more aggressive traders to secure 5-10% profits in short cycles.
##### Flipping Advice:
1. **Track Major Announcements:** Price disruption tends to accompany RuneScape's update cadence. If Jagex hints at boss tweaks or combat overhauls, anticipate predictable patterns.
2. **Sniping Thresholds:** Look for moments when prices dip below **60M GP** (historical support point); resist selling too early during rebounds, as mid-term gains are stronger.
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### **Complementary Items to Buy**
Experienced traders typically pair investments in the *Enchantment of Agony* with other PvM-relevant items to hedge against meta shifts:
1. **Enchantment of Cruelty** (affects critical hit chance)
2. **Grasping Rune Pouches** (utility PvM item)
3. **Ring of Death** and **Fury Shark Weapons** (PvM recovery tools)
These items similarly benefit from spikes when PvM content is released or changes are announced.
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### **Seasonal Patterns in Pricing**
- **Positive Trends (Summer/Early Fall):**
Updates such as skill reworks, combat expansions, and holiday hype often boost demand for items like the *Enchantment of Agony*. Continued PvM activity in this period ensures a healthy market.
- **Negative Trends (Late Winter):**
PvM activity declines as economic exploits (common in year-end updates like Treasure Hunter) flood the market with GP, reducing overall item liquidity. This has historically caused dips in *Enchantment of Agony* prices.
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### **Key Takeaway for Investors**
The *Enchantment of Agony* remains a lucrative investment for PvM meta traders, especially during times of economic inflation or pre-update market speculation. Maintaining a diversified approach with complementary PvM-focused items and monitoring major content announcements (particularly combat tools and boss tweaks) will amplify profit potential. Hold long during economic growth phases but liquidate cautiously during widespread meta overhauls or unexpected exploit-related liquidity crashes.
Ely Intelligence Analysis