Mostly, it is for collectibility reasons that certain Magic: The Gathering cards can become so expensive
This is one of the rarest cards from Magic: The Gathering and is from the Revised Edition of the game which was created in 1994
While the other two spells have gone on to critical acclaim with Frantic Search, in particular, being banned in both Pauper and the high-powered Legacy format it was Palinchron that made the most waves when it first released
There were a few people who were open to doing something with Jeweled Lotus now, but that was not the majority opinion
Kaito, Dancing Shadow goes in Ninja decks, sure
Hasbros Magic: The Gathering and Segas Sonic the Hedgehog are teaming up for three new card collections based on the Sonic universe, and Variety has a first look at one of the sets