This is a timely thread and a useful one.
The current, stellar popularity of GEC may cause some to question whether this is right or inspire others to indulge in groupthink and bay up the merits of GEC uncritically. And to pay the often huge second hand prices....
Why is this? Well, it's not I believe because GEC is the only game in town, there's no such thing for a start! No it's because of a definite sea-change that GEC contributed to. Being European, I am more cut off from accessing American knives even in this digital age but I well remember getting my first GEC knife in 2007. I went home one day after work, tired as usual and fed up but I found a card from the P.O. telling me there was a package for me to collect. Back in the car to get it, nice envelope from the USA so I stop off for a cup of coffee and a cake at a cafe. On opening the packet and encountering this strange tube with an attractive label on it I nearly dropped the knife (a 73) out of sheer awe, the bone, the overall look of the knife the feel of it completely staggered me. It seemed so impressive and quite unlike any other American Traditional knife I had had at the time.This was what I had been waiting for after years of CASE's garish handles and kitsch themed special knives. Or English knives of frankly dismal quality.
Within a year or two GEC began to launch all sorts of interesting patterns that CASE et al. seemed to have turned their backs on or could only be found with connexions or extreme difficulty. It seemed like every month something new and often interesting was being launched, plus I could almost always get one with no worries. After a while reality or satiation kicked in, many patterns were not to my carry taste, a lot or carbon steel and brass. Right, they may epitomise 'traditional' but all steel and or stainless are nearer to my taste and are higher quality and correspond to the price being asked. So, a bit of discrimination set in but I have remained thankful to GEC for giving the Traditional American knife a real shot in the arm. The QC is simply much more reliable and consistent than the competitor brands. It's certainly true that the SFO cult has driven this 'money is no object attitude' to certain limited release models, whereby the secondary market can command enormous prices for well made but otherwise unremarkable carbon&brass production knives. This and the feverish pre-ordering and wave of must have mania is just not my thing and never will be.
The only game in town? Clearly not, but often a very desirable pocket knife (not an investment...) which usually has impressive build quality. CASE, Böker Germany, Buck and Queen all make a decent desirable knife but just less consistently so. Canal St. most people seemed to cry up to the roof but I never found them anywhere near GEC for F&F despite them going in for all steel construction which I greatly prefer. Most of their knives that I owned had build faults that I thought did not belong to such costly knives, plus very anaemic snap and limited handle choice.
Without a doubt, GEC has raised interest in American Traditional knives but how and why this has happened plus the ramifications of it is a different matter.