Revelation: "My Precious" isn't nearly so

I never buy a knife that I plan on re-selling. I've only sold maybe 2 or 3 out of all that I've bought.

I also don't usually buy impulsively. If I see something that I like, I put it on my "want" list. If I still want it after 6 months (sometimes a year), then I'll start saving up for it.
 
I was discussing the cost of my knife hobby with one of my emplyees. He rebuilds and collects 1963 pontiacs and plays golf. His cars always win top place, He turned down $50,000 for his Bonneville. He may have that much in it. However he spends a lot playing golf (travels all over to play on certain courses). When you inlcude the cost of the trips, he was out spending me a lot. And, when the game is over, his money is gone. MY jet boat sucks up money like a sponge. Many hobbies suck up money. In the end, did you get your moneys worth? Did you enjoy your hobby? That is all that counts.
 
Most knives sell at a moderate loss from what you paid if you used them at all.

The only ones I ever profited from were discontinued Benchmades, which I seem to buy when they are plentiful and have been able to unload when they weren't making them anymore. I made a relative killing with a series of used AFCKs I bought and wound up not particularly liking. Now, I have a few Rukus variants that will appreciate too.

So, it tends to balance out. Most times I unload a knife I pay the fee of having used it. Sometimes, there's someone out there who is willing to handsomely pay me for having the good fortune to buy, and use, a model of now disco'd knife before their window of opportunity for buying new had closed.
 
I agree with Chewy.
Fortunately I never expected to get much financial return for my knife dollars. I did make a number of unwise purchases early on. Who hasn’t? Who knew? You find out when the dang thing loses its shinny newness. And on it goes; it’s all part of the hobby..Any hobby. Bottom line is the people you meet, the things you learn the places it takes you.

Ya can’t put a price on that. So on you go fellow forumites. Armed with the knowledge of the blade.
:D:D
 
I don't expect to get back a single cent from what I have spent on my knives because I tend to use what I buy.
 
jill jackson said:
Popular models of Spyderco will nearly always see a nice increase over what you paid when they are discontinued or limited. Benchmade is another I've sold for way more than I paid. Of course the deal is you have to keep them mint in box and a lot of people can't or won't do that.
Click to expand...

that happened with me and my Benchmade 960. I made so much money on it, but I really regret selling it, and would probably pay that much to get it back.
 
If your first thought when you look at a new knife concerns it's possible resell value and ease, you are destined to both lose money and have knives you won't enjoy. If you buy something you really don't like, then get rid of it, if you must. Try gifting it to a knife-newbie - you will be shocked at the dividends that action will pay. Buy knives you either want or will enjoy - not what others want - make yourself happy - it's a hobby - you should enjoy it!

Stainz
 
I love knives. I'm 46, and have carried a knife in some form or another since I was about 8 or 9. I love the look of them, the feel, the weight of them in my hand. I don't think I could ever consider owning knives to make money. I have a couple knife's that I tend to "baby" a bit, but other than that, I use the hell out of all the rest!
 
Hobbies almost never give you returns on your investment. They are made to give you enjoyment. Pick a hobby you enjoy and can afford. I like to buy used but properly taken care of items from many forums, and it makes my hobby money go much further. Also, if you buy used and take good care of your items, you get most of your money back if you end up selling or trading later.
 
My experience tells me making a notable profit on knives is fleeting. My goal is to break even or lose just a little. Sitting on a knife for a year or two and just making 25% or less for collectable knives just started to feel like work to me. My M.O. on pre orders and internet purchases (my primary methods) is to make a guess on what I might like myself in an EDC then buy two. If I like them I will either keep both or sell just one. If I don't really gravitate to a knife both get sold pretty quickly and I just try to lose a tad or break even. I don't like asking what a good discount seller does though because I don't offer all the value added benefits a good dealer does so even if I sell a nice, NIB knife, I drop the price a bit from the good discounter's prices.

It's too costly and too time consuming for me to move knives just to move up. I'd rather move knives in order to find my keepers.
 
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The way I see it is that you are unlikely to come out ahead on knives, especially if you use them. Over the long haul they will probably lose value. At least you should think of it that way.

My thoughts are that buying knives is much better than buying cigarettes or booze, you set fire to one and rent the other.

I'll spend that money on knives and enjoy them.

Ed
 
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