"Magic's Price" is a fantasy novel by Mercedes Lackey, part of the Valdemar series. It follows the story of Vanyel Ashkevron, a powerful mage and the last of his line, as he navigates the challenges of love, loss, and the responsibilities of his magical abilities. The narrative explores themes of sacrifice and the consequences of wielding great power. The book delves into Vanyel's relationships with his friends and family, particularly his bond with Yfandes, a companion who plays a crucial role in his journey. As Vanyel faces external threats and internal struggles, he learns about the true cost of magic and the importance of accepting oneself.