What is the Deal with the Sprayed Edges First Editions of Fourth Wing?

Since its publication, Fourth Wing by Rebeccca Yarros, has set the booktok world a blaze. When the first run of books hit the shelves in April 2023, fans were enthralled by the black sprayed edges decorated with white dragons. Those copies of Fourth Wing are now being sold on PangoBooks between $240 and $600, but are the prices justified?

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Fourth Wing, The Empyrean Wiki