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The demand for specific cards like Palantir of Orthanc and Sauron, the Dark Lord, drives their prices up in the secondary market

That's just how Magic goes

On the play, you want to aggressively play your Auras and Elves to get around their counterspells and be able to spew out multiple threats in the later turns

Lose a land

When the card enters the battlefield, you can exile an artifact or creature until Hostage Taker leaves the battlefield

Not only are they powerful in the sense that they produce more mana than they cost to play, but they are also versatile in the sense that they dont take any specific synergy or set up in virtually any deck imaginable