Magic The Gathering's Outlaws of Thunder Junction was the card game's 100th expansion, and in the time since the game began in 1993, there have been more than a few iconic cards.

Just last year we saw Post Malone drop $2 million for the one-of-a-kind "One Ring" card from the Lord of the Rings set, but it's a much older card that's just been sold for even more.

MTG's Black Lotus card fetches $3 million

As shared via a cgccards Instagram post, the Black Lotus has sold for $3 million. That makes it the highest-priced Magic card of all time.

The card was sold by to a mystery buyer (Post, is that you?) via Pristine Collectibles. The reason for that high price? Not only is Black Lotus rare, but this particularly card is graded "CGC Pristine 10", which is the grader's top score for its condition.

Considering we've seen the card go for over half a million before (it was sold for $615,000 last year) it goes to show the allure of a well-looked-after copy.

What's the deal with the Black Lotus?

If you're new to Magic, you may have heard whispers about the Black Lotus. It's from the original Alpha set from 1993, and only around 1,100 were ever printed - and fewer likely remain after that long.

Still, if you've seen it, you'll know it's pretty powerful. Despite costing nothing to cast, you can use it to add 3 Mana to your board. It's the kind of thing that would pretty much instantly boost your level just by having it in your deck, but don't expect to play it.

It's part of the Power 9, a set of cards from that time that are banned. But how powerful are they exactly? Well, aside from the Mox cards which offer similar effects for each of the game's colour types, you'll also find spells like Time Walk that give you an entire extra turn. Imagine trying to balance that in MTG Arena.

For more on Magic, check out our rundown of the latest Commander Decks for Outlaws of Thunder Junction.