Inflated prices

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Driven by some posts on Reddit from a member there, i decided to create this post in BF as well because i am curious to see what's your take on this one.

It seems that a lot of people jump into buying limited edition knives with the sole purpose to resell them at an inflated price point, sometimes reaching ridiculous levels.
Most recent examples would be the Dark Timber knives (lately an OG Grizzly was selling for 290 USD on top of the original price), the 20cv/tan G10 PM2 (up to 270 USD), and the ST. Nicks versions of PM2 & PM3 (around 250 USD i think).

Now, it's one thing to buy something thinking that you gonna like it and then you realize that it's not for you (even if you decide to make 10/15 bucks) and another to buy something only to resell it for a huge gain (considering its limited nature which of course gives it the inflated price possibility).

I personally agree with the opinion expressed from the fellow Reddit member that this tactic robs the chance from those who really want the knife to acquire it at the standard price, if they manage to get one at all. For me, this is a 'F... u' to the face of the rest of the knife community that would like to own the certain knife.

*FULL DISCLOSURE: At the very beginning of my involvement with the knife community, i had the same mentality and I DID try to practice the same thing a couple of times. Not only i didn't sell the knives i intended to profit on (cause people are not stupid -or shouldn't be because that willingness to pay ridiculous prices is the reason the prices are sky-high on these items), i ended up losing a few bucks after a while they were not selling and i had to drive down the price. And the slight money loss was the beginning of it, cause after getting more into knives and take the community seriously, i felt like an a_s for my mentality. Now i have quite a few knives for sale on ebay, knives i intended on keeping or really liked at first, that i sell for what i paid, some much less (i live in the E.U. so there is always the extra cost of customs, and that 'prohibits' me to resell in the US, the financial loss to do that would be great).

I understand that nothing officially inhibits people from this practice, except from respect towards others and common courtesy, which are self-imposed, but it should be frowned upon and we should stay away from these kind of purchases in order to fight this tactic.
Personally, i applaud the tactics employed in Reddit, though BF prohibits posting unrelated to the sale material on a thread. It seems that that the phenomenon has been more sporadic than it used to be, due to the -let's be honest ;)- bullying these sellers with much clutter (...or not?) on the thread.

I understand that every person is different, and in most cases there are as many opinions as there are people, so i can't change someone's indifferent -at least- attitude, but i can choose not to buy from them, and drive this attitude away from the Forum. Unfortunately, it's a numbers game, and a united front is required for this to take place.

Christos.
 
It definitely sucks, but I try not to worry too much about it. If I miss a drop that I really wanted, it isn’t the end of the world... always other knives out there demanding my “fun budget.” Karma will catch the selfish in the end... it always does one way or another.

You get the flippers in a lot of different hobbies and fads: Game consoles, the hyped xmas toys, etc. My gaming hobby has desensitized me to it at this point.
 
I'm actually getting really fed up with the flipping too. Spyderco knives specifically, the sprints are selling out in a few hours or less and dozens or more of the Sprint models are ending up being sold here at a large mark-up. It's scummy. I want to save up money for the Yojimbo sprint, but even if I have the money it's gonna be gone in a few minutes, and I don't care how much I like the knife, I refuse to give these expletives a dime.
 
Different people have different views of what is appropriate within the knife community,
You have 3 choices
1 Pay what they want
2 pass
3 contact them and see if they will sell at a more reasonable price AKA the offer
It isn't something that can be moderated or ruled away-price and value is determined by the parties involved. It is not a practice that is endorsed by the majority, but some want to make a buck and there are others that have lots of bucks.
 
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It sucks man, I understand. Almost all high end balisongs are sold at a higher than retail price even in less than new condition. If you want a limited knife bad enough, sign up for newsletters and wake up early if you have to, to order the knives the moment they go up for sale. I've only ever done that once but it was worth it.
 
It sucks man, I understand. Almost all high end balisongs are sold at a higher than retail price even in less than new condition. If you want a limited knife bad enough, sign up for newsletters and wake up early if you have to, to order the knives the moment they go up for sale. I've only ever done that once but it was worth it.
The problem for me is not that i didn't get a knife i wanted, but the practice..I've signed up to every Forum/Dealer/Manufacturer i care about and i am willing to engage in a 'refresh' war, but it's one thing competing with a 1000 people that really want the knife for what it is, and another to have another 1000 sharks on top of them!
You write 'it was worth it' so i'm happy for you if you managed to get a grail you wanted:thumbsup:
 
The problem for me is not that i didn't get a knife i wanted, but the practice..I've signed up to every Forum/Dealer/Manufacturer i care about and i am willing to engage in a 'refresh' war, but it's one thing competing with a 1000 people that really want the knife for what it is, and another to have another 1000 sharks on top of them!
You write 'it was worth it' so i'm happy for you if you managed to get a grail you wanted:thumbsup:

I've missed plenty of drops only to see them for sale at a 30% increase on forums 3 days later. It will never stop. All the community can do is not buy them.
 
Sort of a peripheral issue with the practice of trying to sell an SNK Para 3 in 4V for $270 when they were available for a short time at $156 a week ago is that the practice just flies in the face of common sense. The complete lack of common sense seems to be growing in today's world. Having common sense is a trait that I highly regard, much MUCH more so than having a lot of money.
 
I just purchased a vintage tramontina Bowie off eBay, the version I bought comes with the large Bowie and a smaller camp knife in a leather double sheath for $27 shipped. I just so happen to have a spare single bowie sheath for this same knife and saw a seller selling the knife only with no sheath. He was asking $50 for the knife with no sheath but had "make an offer" listed. So I offered $20 with an explanation of what the knife was actually worth based on the several ongoing auctions for the same knife with sheath that were not selling in the $35 range. He declined my offer. So he has his knife and I have my money and I wished him luck.
 
I see two basic camps of flippers. one group are fans of the products and hobbies and use flipping to support their own buying. annoying but tolerable. at least they're supporting the hobby and participating in it.

then there is the second group. they have zero interest in the hobby or products. wont use them or even enjoy them. they just see it as a way to make money. they run it like a horse trading business. proud even of ripping people off. this group I despise as they contribute nothing to the hobby, they get in the way, and usually are like used car salesmen/horse traders. bs artists of the worst kind.

all that said. is what it is........
 
Although I dislike people who buy knives for the sole purpose of turning around and flipping them for a profit ... it is America and they can freely chose to do so ...

but I can also chose to NOT pay a huge premium to get the knife they try to resell at twice the orginal cost ...

demand drives the market and resale values ... I have sold a knife for a bit more than what I payed ... but it was only because I bought a knife that didn't fit me or wasn't what I hoped ... and by the time I wanted to sell it the market was at a crazy level ... now call me a simple countryboy or call me stupid but even then I sold it at a fair price much closer to what I had in it to recoop my money and maybe get a bit extra to try other knives ... but I have offered a knife side by side to the same knife with the other seller asking nearly $400.00 and me asking $275.00 ...

so it is just part of life and we can only decide how we want to act in the scheme of things ... capitalism at it's best and worst ...
 
It’s annoying when after 6 months of waiting for a spyderco sprint run, I give up checking daily for the news of its release to be announced. 3 months later less than perfect examples show up on the exchange for a 20% markup.
 
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