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 - $62.400
Lightly Played - $49.900
Moderately Played - $43.700
Heavily Played - $37.500
Damaged - $31.200
Near Mint Spanish - $62.400
Lightly Played Spanish - $49.900
Moderately Played Spanish - $43.700
Heavily Played Spanish - $37.500
Damaged Spanish - $31.200