Spells without targets like Treasure Cruise, Divination, or Temporal Manipulation simply have effects rather than affecting specific objects or players
It could be said, however, that its surprising its still worth that price, even with all the reprints its seen
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If you cast a sorcery spell that deals damage to a creature, or an opponent's creature is dealt combat damage, Kazarov, Sengir Pureblood gets stronger
But then, we have the Overlords from Duskmourn: House of Horror and some big guys from other sets (including MSH and Teenage Mutant Ninja Turtles ) that are also too evil
I'd say more about this, but I'm at a slight loss of words as to how to describe it further