51OT spearpoint lockbacks

short answer that is what people pay for them? i agree seems to be very high compared to other lesser available knives.
 
Well, it is an unusual knife. And one that's quickly distinguishable as being "unusual", unlike say the variety of stockman patterns with slightly different blade configurations.

Also, there aren't normally as many for sale as there have been lately. The ratio of buyers to number of available knives can dramatically affect the sales prices.

You also have to pay attention to the "Completed Auctions" search feature. There are a few regular sellers who list their Old Timer knives at completely ridiculous "Buy It Now" prices in anticipation of a desperate buyer; the knives rarely sell for so much, so the same knives get re-listed over and over, creating an inflated perceived value. Do a Completed Items search for 51OT - the red listings are knives that were priced too high and therefor didn't sell, while the green listings were either realistically priced BIN or actual completed auctions. Also notice how many of the high-dollar examples have been listed repeatedly.
 
I subscribe to the third highest bidder rule as representing the true current market value of a knife, not the final selling price.
 
Thanks guys -yes I have noticed the same items recirculating.
Quite keen on adding one of these to the hoard.
will check that completed items listing.
thank you.
 
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