I didn't know that Loveless doesn't make any of the knives anymore, and I'm really surprised to hear that he hasn't made the knives for 25 years.
A lot of collectors' posts I've read over the few years I've been here have pointed to the fact that they are in part buying the fact that the knife was made by a certain individual.
Bob Loveless is iconic in cutlery, and him lending his name and design talent to Gerber, (for a price of course) assigns instant credibility to the brand.
But it doesn't make a Gerber worth $10K, or anywhere close to that. But then again, those knives are production line knives and aren't made by Loveless' protege/apprentice.
The knives coming out of the Loveless shop, I take it, may not even be inspected by Bob Loveless, which means that another individual made the knife and brought it to market independent of Loveless. I guess it doesn't make it any less valuable in the short term, but I take it Les was pointing out that the long term value may suffer as more people become aware of the fact that he doesn't make the knives anymore. Please correct me if I'm wrong, (like I have to ask

).
Obviously I have a lot to learn, but to me, spending the kind of coin that a Loveless knife fetches has much more to do with 'collecting' than with anything else, ie; quality of the product etc. Not that I have a problem with that or anything. Just seems a little odd that a man's name is etched onto a blade which came from 'his shop', even though he didn't make it- and that the prices for these knives are so astronomically high.
But the market sets the price, so Loveless probably can't be blamed for that.