Anthony,
How do you feel about the crash in the Onion and Bogi market? I mean you have been selling them all along to unsuspecting people at seemingly inflated prices, right? My Onion knives are still worth about 1000% more than I paid for them so I am not so concerned about current market pricing as the money "Lost" at this point wouln't pay for transportation to Disney world so I am not sure how much of an impact if any it would make on my family life, but thanks for your concern.
As Paul pointed out you have an extra 0 in your 1000% comment. The knives you bought for $500 would today sell for at best $1,100.00. More than likely under $1,000. So yes, you did miss out on the opportunity to make a couple of thousand dollars more had you decided to sell the knives.
With regards to the down turn in the after market with regards to Ken and Phil's knives. If you choose to pay a premium for a knife, it is incumbent on the buyer to understand the inherent risk in doing so. I have sold a total of 2 Onions in the last 2 1/2 years. I have sold less than 10 Bogi's in the last 18 months, yes everyone at a premium. The buyers understood this and made the determination to purchase the knife.
I agree that Ken is quite the innovator and his knives will always bring a premium in the after market. The same can be said for Phil's knives.
But again, I am not in the business of selling or reselling custom knives so I tend not to make recommendations along those lines. You would find my personal collection pretty austere. Mostly ABS makers who make knives that please me from a design and value perspective. Very few that you yourself would not sell or promote.
You are exactly right. Which is why you should consider never making this statement again:
Buy great knives from the right makers and hold them and me mindful of the ebb and flow of market conditions. You can't go wrong in most cases.
By your own admission you have an ever decreasing knowledge of the custom knife market. As well your collection is primarily based on ABS knives. So when people are asking for advice on which makers to buy from. Unless you have specific names and reasons why. Do that collector a favor and keep your opinions to yourself.
As with your collection, I'm sure if you went to my web site you would find a number of knives and/or makers whose knives you would purchase.
I should take you up on the custom knife investment scheme. Sounds like a good place to park some $$$. What is your Morningstar rating?
First, what I am offering is not a scheme. Your attorney can draw up a legally binding agreement. Scheme's seldom if ever allow you "home field advantage".
Next, Anthony, you really have to do more research. Morningstar ratings are only for publicly traded securities. As my corporation is privately held it would not have a Morningstar rating. However, you may want to research a D&B rating.
Les Robertson
Custom Knife Entrepreneur
www.robertsoncustomcutlery.com