The Price of Magik

This game was first released as a stand-alone title in 1986 before being remade with graphics and re-released as part of the Time and Magik trilogy in 1988.

The House of the Red Moon is a weired place, haunted by arcane powers from the mysthical past. It is the only place where one might rise from SorcererĀ“s Apprentice to powerful Wizard, yet cheat the Price of Magik. The Price of Magik is the sequel to "Adventure of the Year 1985", Red Moon.

Feelies here - http://l9memorial.if-legends.org/html/pom.html

Level 9 Computing went out of business in 1991. To my knowledge, no one owns the copyright to L9 games anymore and they are truly abandonware.