- Joined
- Dec 20, 2004
- Messages
- 567
Les is right on. And the lesson he teaches above is one makers need to always keep in mind.
Before the economic downturn when knife prices kept climbing, I remember one maker - famous worldwide - who just kept upping his pricing, trying to capture as much of the increase as he could. Of course, the increases in market value were because his collectors were in the market, creating that value within that secondary market. But he thought he deserved the market value, not the collectors.
Result - his best collectors left him. I was one of them.
Since the downturn in the economy, that maker's knives have lost perhaps 40% of their value.
Bob
Actually, the reason many collector's left was because he claimed the collectors were "killing his market" when they went to sell some of their collection! He actually went so far as to say that the only ones who should be selling his knives other than himself, were his dealers!
And, the after market value has dropped almost 50% at this time.