Heads Up; More M390 from DLT

bluemetalchurch said:
I'm not saying that you should feel guilty. It's you're right to do with your money as you wish. It can still leave a bad taste in someone's mouth though especially within a community setting.

I had no interest in this knife but knew that buying two at 140 could yield profit. Especially if I sit on it for 6 months. I think everyone here knew that once shipments were received we were going to start seeing red m390 para 2's on the exchange. I didn't expect to see them for over 200 (yet) but it is what it is.
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I didn't either, but despite the interest, I've only done what could be described as flipping once. I missed the boat on this PM2, but a lot of that was because I caught the second wave BBS PM2 and was all PM2'd out. Which was a shame, because the red is attractive, and DLT had very reasonable pricing, whereas, well, BBS is BBS.
 
I am just now seeing this and would have loved to get my hands on one but not enough to pay over $200 for it. I just wish we had more knives in general sprints, exclusives, or general productions using the Red G-10.
 
SpySmasher said:
The flippers on the exchange disgust me. I know it's their right to sell it for whatever the market will bear but it's also my right to put you on /ignore.
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Yup.
More ignore list fodder that will never make a penny flipping a knife bought from me on the exchange.
I'll give a knife away before I "show ignored content" on my sale thread.
 
Barman1 said:
Yup.
More ignore list fodder that will never make a penny flipping a knife bought from me on the exchange.
I'll give a knife away before I "show ignored content" on my sale thread.
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I've only ever "flipped" one knife before, also a PM2 a few years ago...but I really don't understand the absolute hatred for buying low selling high...I mean....how is that different than any other form of it? Stock market...Cryptocurrency...just about anything elses, lol.
 
jalcon said:
I've only ever "flipped" one knife before, also a PM2 a few years ago...but I really don't understand the absolute hatred for buying low selling high...I mean....how is that different than any other form of it? Stock market...Cryptocurrency...just about anything elses, lol.
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i personally feel that people are saying that it is all fine and dandy to flip and sell for higher, but I think they would rather see it on other sites more geared towards selling rather than the community feeling people have here.
Gouge the people outside the BF community is what I think people would like to see.
 
Yeah I don't worked up over the whole "flipping" thing.
When I go to sell a knife on the exchange I look at the market value of the knife. I price it under that so that it sells quickly.
I almost always lose money. I'm sure over the years these losses are in the hundreds of dollars. So if I were selling this PM2 and stood to make money, I wouldn't feel bad about it.
Also, think about the origin of these flipping profits. DLT priced the knife low. Additionally, they allowed the purchase of multiples and they offered a volume discount.
DLT bought the entire distributor run. They took a chance. Turned out their decision was good but they left money on the table pricing them where they did. So individuals are now capturing that price difference on the secondary market.
It's capitalism. Personally, I'm comfortable with it.
 
morvlorv said:
i personally feel that people are saying that it is all fine and dandy to flip and sell for higher, but I think they would rather see it on other sites more geared towards selling rather than the community feeling people have here.
Gouge the people outside the BF community is what I think people would like to see.
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This.
Put it on that auction site and keep BF a friendly community of enthusiasts.
 
So anyway this isn't the stock market. It's a small town and when the supply chain is very exposed it raises the question what did that seller do to add $80 in value to the blade overnight? The answer of course is they just added greed. It's a very transparent mechanism to order 3 knives at $150 each, then sell 2 for $225 and viola free knife. But it really is a carpet bagger thing to do.
 
morvlorv said:
i personally feel that people are saying that it is all fine and dandy to flip and sell for higher, but I think they would rather see it on other sites more geared towards selling rather than the community feeling people have here.
Gouge the people outside the BF community is what I think people would like to see.
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Ok I'll buy that. I thought people were up in arms about flipping in general...people buying this knife to make money...regardless if it's here or on another site.
 
If you're buying knives specifically to resell, then you're essentially a dealer. If you only "deal" with reselling popular sprint runs like this one and the BladeHQ M4 run, I'd say you're largely a low volume and unsuccessful dealer. In other words, you still need another job.
 
AF said:
If you're buying knives specifically to resell, then you're essentially a dealer. If you only "deal" with reselling popular sprint runs like this one and the BladeHQ M4 run, I'd say you're largely a low volume and unsuccessful dealer. In other words, you still need another job.
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Not sure if I'm following. So you are saying people that make an extremely easy $500 bucks a year for essentially doing nothing are unsuccessful? Still need another job..sure..lol.
 
Flipping..when the green/204p KW para 2 came out this thread was started.. https://www.bladeforums.com/threads/there-is-a-green-flipping-frenzy-going-on.1076212/

Now I rarely even see green 204p para 2s come up for sale here on the exchange..looking at sold listings on ebay they are getting kind of scarce there too..

It used to bother me but not anymore..like a bad cold or flu the flipping will run its course then gradually come to a end.
 
jalcon said:
Not sure if I'm following. So you are saying people that make an extremely easy $500 bucks a year for essentially doing nothing are unsuccessful? Still need another job..sure..lol.
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I'm just saying that one's perspective matters a lot.
DLT incentivized people to resell these knives. So that's what people did.
Most of the resellers are just knife enthusiasts who most often are selling knives at a loss on this forum and giving buyers a great deal.

Also hindsight is 20-20. These weren't guaranteed to sell as fast as they did. I think if DLT could go back they'd price these a bit higher.
 
I agree with much of the views of flipping but I will say I have a broader dislike of it than maybe some. I view it when people buy for the purpose of flipping as more a side business with no interest in anything but profit as people who are taking away opportunities for real buyers and then turning around and over charging those very people they took the opportunity from. I can forgive the "smart buyer" who says "Hey if I buy more and get a discount I can sell the extra and cover a portion of the knife I keep". I still say it is kinda dirty for similar reasons but at least their motive isn't profit as much but offsetting their cost. A seller who is the type who hold it for a while to get the late comers a chance at a fair markup is acceptable particularly when they fall into the group offsetting their own cost.

I would say a recent flipper example that has my blood boil a bit is the people buying up and flipping the SNES Classic fortunately Nintendo is continuing to produce and release so the flippers aren't getting much more for them compared to what they got off the NES Classic. These people aren't interested in classic games they are taking away buying opportunities in this holiday season and gouging people who want to get one for some one who loves classic games or a dad who wants to show his kid the fun of classic gaming.
 
AF said:
... who most often are selling knives at a loss on this forum and giving buyers a great deal.
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I doubt that's true. I think the people who jumped at the prospect to flip these knives would jump at any similar opportunity and would certainly never sell "at a loss."

BTW, this is me not being disgruntled at not getting this knife. I passed on this one because I already own the BBS M390 PM2. This is a general displeasure. :)
 
AF said:
I'm just saying that one's perspective matters a lot.
DLT incentivized people to resell these knives. So that's what people did.
Most of the resellers are just knife enthusiasts who most often are selling knives at a loss on this forum and giving buyers a great deal.

Also hindsight is 20-20. These weren't guaranteed to sell as fast as they did. I think if DLT could go back they'd price these a bit higher.
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I think it sounds like you're doing a lot of speaking on behalf of DLT
 
AF said:
I'm just saying that one's perspective matters a lot.
DLT incentivized people to resell these knives. So that's what people did.
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They all but stated "you should buy more to sell more" by giving significant price breaks for quantity ($10 off each knife) + advertising the limited nature of the run, I think going as far as to give the production total in the item description. I wonder what percentage of the 1000 sold are going to the secondary market immediately upon arrival, and how many more are destined for the same but are held by people who are waiting for it to become even more valuable.

What really surprises me about this situation is... Everything about it. 1000 seems like a lot of knives to sell out so quickly, and I'm surprised that the secondary market flood of these has supported $100+ markups given how small of a market the knife world represents. Shouldn't 1000 knives, even if only 1/4 of them are being resold immediately, represent a glut that would deflate the price to a minor markup? I laughed at first, when I saw one pop up on eBay at $250 - but now that's roughly the average price these are fetching.

On top of that, the price on the secondary market puts it in a whole new bracket of competing knives and no longer is any sort of deal for the materials you are getting. These are collector prices on what I would consider an inherently utilitarian item, which makes little to no sense to me given the huge market of competing products - especially those made by the same company. It's not like this is the first new PM2 ever, or your only option other than the S30V standard. I could get 2x S110V PM2s right now for the price of one M390 PM2 on the secondary market, or get a 20CV production knife from ZT and have some spending money left over.

What this is showing me is that either my understanding of basic economics is way off, or I'm grossly underestimating the size of the Spyderco-collecting community.
 
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AF said:
I'm just saying that one's perspective matters a lot.
DLT incentivized people to resell these knives. So that's what people did.
Most of the resellers are just knife enthusiasts who most often are selling knives at a loss on this forum and giving buyers a great deal.

Also hindsight is 20-20. These weren't guaranteed to sell as fast as they did. I think if DLT could go back they'd price these a bit higher.
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In no way did we purposely set up the Para 2 to incentivize reselling. We know we could have gotten more money out of each sale, but we intentionally (and had multiple long conversations about it) priced it where we did to offer a great knife at a more than competitive price to the customer, and in no way do we regret our choice. We cannot control the secondary market, nor will we try. We just want to offer great products to our customers at prices that are fair and reasonable.
 
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