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Of the promo cards worth over $100, the majority are either special foil reprints issued as rewards to tournament judges for their work on the game, or extremely limited promos sold exclusively at San Diego ComicCon

This means that sellers are offering cards at a price that no one would pay for them

As a Secret Rare, this card's number exceeds the advertised count of the set, making it a challenging pull for collectors

You can't put a Teferi's Moat out there for a long, long time against decks unknown with the knowledge that an enchantment removal or bounce spell will almost certainly kill you unless you are very brave, and once you start down the Moat road it's hard to stop