The city of Magnimar is founded by Korvosan dissenters.
The Kaijitsu (glassmakers and jewelers), Valdemars (shipbuilders and carpenters), Scarnettis (loggers and millers), and Deverins (farmers and brewers), powerful merchant families from Magnimar consolidated their efforts and formed a League. They were able to secure rights of ownership of lands on the Lost Coast from the Magnimar Charterhouse and sailed north to claim it.
Upon reaching the land where they intended to establish a new colony, they encountered a large Varisian tribe using the land for winter gathering and sacred rites.
A series of talks between the Sandpoint Mercantile League and the Varisians finally led to the establishment of the village of Sandpoint along Varisia's Lost Coast, a day's journey north of the city of Magnimar.