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The equipped creature scales in power based on Luxiors loyalty, and you can -2 the sword to grant the creature +2/+2 and Double Strike for the turn

It can't live without the stalk it holds

Based on the latest market prices tracked on TCG Stacked, Sceptile is worth about $149.99 USD

The third ability only references its power, which can be easily increased via the lord or anthem effect from Tegwyll or a number of other sources

$0.59 It That Heralds the End Modern Horizons 3 $2.29 Glaring Fleshraker Modern Horizons 3 $0.49 Kozilek's Channeler Battle for Zendikar $0.49 Hand of Emrakul Rise of the Eldrazi $1.79 Pathrazer of Ulamog Commander Masters $0.79 Desolation Twin Battle for Zendikar $6.49 Conduit of Ruin Battle for Zendikar $0.49 Eldrazi Devastator Battle for Zendikar $4.49 Ulamog's Dreadsire Modern Horizons 3 Commander Decks $0.79 Bane of Bala Ged Battle for Zendikar $1.29 Artisan of Kozilek Rise of the Eldrazi $1.99 Pathrazer of Ulamog Rise of the Eldrazi 0 results found

Every card below is a direct link to the database entry, where the most current TCGPlayer market price is pulled from the same feed I use to write this post