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Great Eastern Cutlery Prices
- Thread starter glocktenman
- Start date
Here's one of those people. Too bad the offers were edited out.
Blade Forums #352216 harness jack
Blade Forums GEC #352216 in burnt orange worm groove bone. Special Factory Order. “The Drover”. A real beauty! Not mint but close. I am not the original owner. See all photos. It looks un-used and un-sharpened and I have kept it in the tube. Main blade is a spear and secondary is a punch. A...
www.bladeforums.com
- Joined
- May 18, 2014
- Messages
- 9,008
Those with more dollars than sense.
To me the GEC shuffle is just like the diamond industry. Only releasing a certain amount of diamonds per season creates pent up demand and inflated prices.
If it is true there are warehouses full of diamonds but they are only released in small batches, then that explains the desire to inflate pricing. Others have said something similar in this thread.
I am not saying that GEC intentionally does this as their manufacturing capacity appears to have limits, but the result is the same. If they made more knives the value per unit would be reduced. I also seems that if they made less variety and more of each model, the prices would also drop and hurt the demand expectation which has to be part of the business model.
In a capitalist market place there is a void that could be filled by another knife company if it was profitable, but apparently it isn’t as that void has not been filled.
The result is high prices. I have been avoiding playing the game the past couple of years as sitting on a device waiting for a knife drop and hoping I can click on the link in first 30 seconds of the drop no longer appeals to me. I generally don't sell and only buy to collect so paying the flipper markup also doesn't appeal to me.
If you want them, buy them, but there are only so many to go around and many go for a high margin on the big store.
If it is true there are warehouses full of diamonds but they are only released in small batches, then that explains the desire to inflate pricing. Others have said something similar in this thread.
I am not saying that GEC intentionally does this as their manufacturing capacity appears to have limits, but the result is the same. If they made more knives the value per unit would be reduced. I also seems that if they made less variety and more of each model, the prices would also drop and hurt the demand expectation which has to be part of the business model.
In a capitalist market place there is a void that could be filled by another knife company if it was profitable, but apparently it isn’t as that void has not been filled.
The result is high prices. I have been avoiding playing the game the past couple of years as sitting on a device waiting for a knife drop and hoping I can click on the link in first 30 seconds of the drop no longer appeals to me. I generally don't sell and only buy to collect so paying the flipper markup also doesn't appeal to me.
If you want them, buy them, but there are only so many to go around and many go for a high margin on the big store.
It’s the same sort of thing in the sneaker industry. Make a select amount, do a lottery (drop) type system where only a small percentage win the shoes sneaker heads want and the brand draws huge interest, the prices stay high, everything is sold out within minutes and then it starts all over again. It’s a money making cycle. If people think GEC is above keeping demand high and limiting quantities because they can charge more and sell out all the time, then maybe they should have taken business classes in college lol
GEC has been doing that (making less variety and more of each model). It may have actually had the opposite affect overall, more people could get one, so it just fed the addiction. Trouble is, you can't stop at just one.
I will speak to this - at least from a perspective that is pertinent to me (I can't speak for anyone else).
I have purchased most of my new GEC releases from one dealer over the years and it mostly had to do with the ease of his early reserve system. I tried reaching out to other dealers and such over the years but quite frankly, 1.) I do not have the time to manage all of the idiosyncrasies of multiple dealers and 2.) a lot of these dealers already had long established lists and they have an old school "pen and paper" approach to managing them.
I don't do "drops" very well and the last couple of years have proved to be rather difficult to obtain a new GEC I was after so when I was offered a spot on a list, a list where I would be obligated to purchase every GEC variant that is released (within reason), I happily accepted. I have spent a lot of time and money over the years, building a rapport and buying history with a specific dealer and I have a difficult time finding any shame in reaping any rewards that might come from that.
It does go without saying however, should GEC begin offering SFOs in earnest, I will be hitting the proverbial trough with the rest of folks if there is a variant that happens to interest me.
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L.A. Saiga
Gold Member
- Joined
- May 18, 2021
- Messages
- 1,082
I discovered GEC here on BF last year and I paid a lil over retail for almost all of them. I don't mind!
Tax and shipping adds up to a decent amount also, so I feel like I save $$ buying GECs here on BF compared to Ebay.
GEC makes a wonderful pocketknife. Good quality American made products are hard to find, sometimes.
I'm lucky that Northwoods sell out quickly or else i'd be in a lil more trouble...heh..
Cheers and TGIF
Thank you
Tax and shipping adds up to a decent amount also, so I feel like I save $$ buying GECs here on BF compared to Ebay.
GEC makes a wonderful pocketknife. Good quality American made products are hard to find, sometimes.
I'm lucky that Northwoods sell out quickly or else i'd be in a lil more trouble...heh..
Cheers and TGIF
Thank you
This scumwad is well known for these scumbag prices. He's over on the Facebook pages, and will come in sometimes like "Hey man, just PM me! We can haggle!"
That said, he's definitely being powered by some of the Facebook page royalty, because as you can see from his other knives on offer, they're all essentially unobtainium models and cover options. He and his sources know what they're doing. He's selling a BF21 86 for $900.
Sadly, it's the former. Back when the BF21 86's dropped, they were selling (not just posted, mind you, but actually moving) at $450-$550. I haven't watched lately to see what they're selling at, but I bet it hasn't dropped much if at all. About three months before the 2021 knife dropped, the BF19 86's were selling for between $600-$750. In fact, the Bladeforums GEC knives tend to always bring a hefty upcharge on Ebay simply due to their scarcity. Over on the FB pages, where there are a ton of new members just getting into GEC, every time someone there posts their BF19 or 21, that sparks a few more people who are like "What is THAT?!??!?!?! I NEED ONE!" and then they save up, or buy other rare GECs so they can trade into one. What's funny is that the BF knives, there were like 500 of last year's made, but they have a much higher value than the AllAboutPocketKnives forum GEC 2021 knife (which was also an 86), despite the fact that there were only around a hundred of those made. As for the BF21 86s, I'd wager that at least a third of the run are in the hands of people who aren't BF members at this point.
Speaking as someone who observes the trends, I can tell you that sadly, $250-$350 for a BF 86 would be a good deal. Hell, it would be a screaming deal, and that knife would be snapped up instantly and end up on Ebay, or over on the FB pages with a $150-$175 markup. It is what it is. :/