RE the "outrageousness" of high-end custom prices: yes, $300+ is a helluva lot to shell out for a small sharp object. But it is far less "outrageous" than buying a $35k+ Audi A6 rather than a $17k Honda Civic as your commuter car. Indeed, most of us probably wouldnt ask an A6 owner, "why not the Civic EX?" While we choke on the $250 difference between a quality Spyderco and a Sebenza or custom folder (God forbid the notion of using it), most of us probably accept the A6s sporty luxury and handling as a "legitimate" rationale for its $18k price hike on the Civic.
If your neighbor with the A6 said, "Oh no! I wouldnt dare drive it!," youd probably wonder why he bought it. This, only 30 minutes after you diligently re-cleaned and oiled your $400 "indestructible" 52100 diff-tempered custom knife with kid gloves, then returned it to its silk pillow in the oxygen-free safety vault in the granite/steel frame basement, wondering, "how could someone even think of using this beauty?!?"
Everyone who *has* used/now uses a $400+ knife no doubt has shared Anthony Cheeseboros reluctance at some point. (Many Sebenza owners say the same thing.) That first scratch/blemish hurts. But thereafter, the custom knife will only gain in personal value for you as you cherish and enjoy its use, even as it may "lose" market value for others.
But the value of the best "used" handmade and custom knives may balance out in the long run. Think of that 50-year old used Randall you saw at a show, or in a friend's family collection: its deep patina, small nicks in the handle, and blemishes are evidence of the history it has made and experienced over three generations of war and peace. You cant say that of the clean, well-oiled knife that sat in the sock drawer for the past half-century.
gmm