Awesome Art: P. Craig Russell's adaptations of Stormbringer is amazing. Michael Whelan and Yoshitaka Amano have also lent their talents to the saga with several covers for various editions.
Base-Breaking Character: Elric himself. The audience sees him either as a refreshing departure from the standard fantasy hero or as a whiny moron who gets hit by the Idiot Ball a bit too much. Lampshaded in some stories, where Elric tries to argue that he doesn't want to be pitied, but others say he wants nothing more.
Catharsis Factor: Jagreen's demise at the hands of Elric may be the most brutal in the whole saga, but we can't help but feel a bit of satisfaction given the horrible things he has done.
Complete Monster: Jagreen Lern is the ruthless Theocrat of Pan Tang. Becoming the champion of the forces of Chaos, Jagreen Lern takes to murdering the friends of Elric while also running his domains with brutality, Human Sacrifice and turning countless people into living, tormented statues. Jagreen Lern proceeds to lead an army across the lands, massacring those he comes across and conducting human sacrifice and torture. Torturing Elric when he is captured, Jagreen Lern later mutates Elric's wife into a twisted abomination Elric is forced to euthanize. Jagreen Lern later leads the forces of Chaos to dominate the world, stopping at nothing to harm Elric himself.
With J. R. R. Tolkien fans. Mostly due to the controversial Epic Pooh essay by Moorcock, which is widely criticised because it seems to get many aspects of Tolkien's work wrong, such as claiming he glorifies war, despite the emphasis on War Is Hell.
Also with fans of The Witcher due to both them and Moorcock believing that Geralt of Rivia is a rip-off of Elric. Geralt shares numerous similarities with Elric and was inspired by him (They are both pale, white-haired swordsmen-sorcerors who are known as "The White Wolf" and use a lot of potions), they are in the end different characters, chiefly in that Geralt remains a "witcher", a marginal and liminal figure who moves between classes and is not really a chosen one figure, while Elric is an Emperor who has fallen on hard times and destined to bring about an apocalyptic prophecy.
Franchise Zombie: The saga originally consisted of five short stories and the four novellas that became Stormbringer. These nine stories, together, tell a more or less complete story. Then Moorcock decided to write the novel Elric of Melniboné as a prequel. Then he wrote some new short stories. Then he arranged all the short stories into fix-up novels. Then he wrote five more novels attempting to fill in the "gaps" in the original saga. Then the 12-issue maxiseries for DC Comics and the prequel graphic novel Elric: Making of a Sorcerer. And, of course, there's been talk of a Film of the Book dating back to the '70s.
Mainstream Obscurity: Despite being a seminal series in the fantasy genre, its nowhere near as well known as Tolkien's works, or A Song of Ice and Fire, or for that matter Moorcock's favorite Gormenghast. The main reason is perhaps the Archive Panic and serial nature of the stories which makes it hard for new readers to find an accessible "starting point".
Nightmare Fuel: Plenty to go around, especially the appearance of DoctorJest. In the Titan Comics graphic novel he even looks like a cenobite from Hellraiser.
Once Original, Now Common: When the saga was coming out, it was revolutionary and ground-breaking. By late 80s, it was the most overused template for "edgy" fantasy. By the mid-90s, it was a laughstock about try-hard material for teenage metalheads. To say nothing about many things that made Elric stand out not only became cliches, but were simply done better by the numerous other works. Also, the angsty protagonist that goes through a Trauma Conga Line has pretty much lost its novelty decades ago.
Squick: What Jagreen Lern does to Zarozinia in Stormbringer.He turned her into a giant slug with a human face.
Wangst: A good portion of pages in most books is dedicated to describe Elric's self-loathing. It reaches Self-Parody in some moments, where it's clear even people who've just met Elric are already fed up with it.
a cenobite from Hellraiser.