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objectively worth that
I think that’s probably what he’s looking for. Labor, materials, scarcity, overhead costs, etc, but the reality is that items are worth whatever anyone is willing to pay for them. That’s pretty much it. The actual number is whatever number it sells at, which is subject to change at any time with the next sale.My first answer was subjective. But
material and processing costs can make it objectively worth that and much more.
Many, many knives are worth it. Either you see the value in a high end knife or you don't.What do you feel are arguments or requisites for someone having to pay $400 and above for a factory produced pocket knife. While I'm not going to pretend to think any knife is objectively worth that, I am willing to hear arguments that may change my view.
material and processing costs can make it objectively worth that and much more.
The part you’re missing is that they actually are “voting with their wallets”, you just don’t like the way the election is going.That's precisely what I'm questioning though. The objective worth is the cost of production per piece measured against the number of expected sales. If I initially produce 10.000 pieces and want to shield myself from the cost of just selling 8.000 pieces the price will have to include the cost of the 2.000 unsold pieces just to break even. So I understand the cost of a knife isn't simply an addition of the materials used and overhead on that piece alone. That said, factors like materials bought in bulk, and in some cases even oversees production, should be reflected in an MSRP in my opinion and we're seeing too little of that with some major brands.
I get that "what someone is willing to pay" is the end all be all answer. I mean if folks are willing to pay $10 for single orange why sell it at $0.50 but it still doesn't fully make sense to me why more people aren't voting with their wallets when it's so obvious you're overpaying. Just my 2 cents.