As Lich enters the battlefield, you lose life equal to your life total. You don't lose the game for having 0 or less life. If you would gain life, draw that many cards instead. Whenever you're dealt damage, sacrifice that many nontoken permanents. If you can't, you lose the game. When Lich is put into a graveyard from the battlefield, you lose the game.
Near Mint - $65.000
Lightly Played - $52.000
Moderately Played - $45.500
Heavily Played - $39.000
Damaged - $32.500
Near Mint Spanish - $65.000
Lightly Played Spanish - $52.000
Moderately Played Spanish - $45.500
Heavily Played Spanish - $39.000
Damaged Spanish - $32.500