Who can see the 2024 Writing on the wall " Knife Purchases" ?

TinyDog

TinyDog

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Perhaps some have eyes....? Do some of us not see where our economy is headed, along with the cutlery market? Late 2024 I follow closely this forum as well as many others..... I am sure many have noticed the reduction in $ Price of the 2nd hand prices of all blades in this forum and others, For myself long overdue...

Seems that , at least to me that the $ 150.00 knives that were selling some of us in greed of excess of 3 to 4 times real value have beeen tamed to something more tolerable to collectors seeking them , not reasonbale IMO, but more of a reasonable value. In addition the market frenzy seems to convince many of us that the blade we are purchasing will be an asset in our portfolio?

Thoughts are welcome, no one is right or wrong......

Not here to ruffle any feathers of anyone, Just curious of folks like opinions....... Thanks alll
 
TinyDog said:
. In addition the market frenzy seems to convince many of us that the blade we are purchasing will be an asset in our portfolio?
Click to expand...

No. I’m just a selfish accumulator. I don’t care about resale value, economic ups and downs, “likes” on line, FOMO or knives as an investment. I buy what I like when I have a couple dollars burning a hole in my pocket. Usually on a whim. Sometimes if I stumble across a deal or something on clearance.

Bringing thoughts of secondary market value, the economy or portfolios into it ruins it for me.
 
TinyDog said:
Perhaps some have eyes....? Do some of us not see where our economy is headed, along with the cutlery market? Late 2024 I follow closely this forum as well as many others..... I am sure many have noticed the reduction in $ Price of the 2nd hand prices of all blades in this forum and others, For myself long overdue...

Seems that , at least to me that the $ 150.00 knives that were selling some of us in greed of excess of 3 to 4 times real value have beeen tamed to something more tolerable to collectors seeking them , not reasonbale IMO, but more of a reasonable value. In addition the market frenzy seems to convince many of us that the blade we are purchasing will be an asset in our portfolio?

Thoughts are welcome, no one is right or wrong......

Not here to ruffle any feathers of anyone, Just curious of folks like opinions....... Thanks alll
Click to expand...
“Asset in our portfolio”? LMAO - surely you must be joking.

Secondary market prices are down a bit, but I’m not gobbling many up. I keep buying, selling, trading with 4-5. The rest are keepers I’m very satisfied with.

If you see knives as an investment, you’d better have a hell of a lot of them, and they had better be damned nice. Gold bars, they ain’t.
 
I will never understand the value people assign to things. Bitcoin, trading cards, knives… whatever. something is only worth the money you can get someone to pay for it. I’m so tired of people looking at knives like a commodity.

I’m all for whatever brings a people back to a more rational spending habit.
 
EngrSorenson said:
I will never understand the value people assign to things. Bitcoin, trading cards, knives… whatever. something is only worth the money you can get someone to pay for it. I’m so tired of people looking at knives like a commodity.

I’m all for whatever brings a people back to a more rational spending habit.
Click to expand...
You're forgetting Frozen Orange Juice Concentrate. That investment pays for all my knives.

trading-places-dan-aykroyd-eddie-murphy.jpeg
 
Because I have a memory like a steel trap, I can tell you exactly how many knives I have purchased over the years with the notion that hopefully they will go up in value: 0.

I buy them bc I think I will like them, sell them if I don't, and am 100% willing to use everything I've got no matter how pricey or rare even if doing so means a dramatic drop in value. Call me crazy, I guess.
 
Personally, i cant wait to see the speculators get punished. knives are not an investment. they are tools first and foremost. I remember seeing someone try to sell a used northwoods to pay their mortgage note in the f/s, i wonder how that panned out.
 
1) Short term speculators are flippers, I don't have sympathy
2) The OP is not true in general, there are still brands where prices go up crazy shortly after release (check out CPK). One of the reasons you see, e.g., so many "special" Hinderer releases, IMO.
3) It's a buyers market. If you like to buy to use and experiment (and accumulate like me :)), that's a good thing; just make sure you keep enough money for food, etc
4) Summer is always slow, just like the stock market. Just wait for winter, Jan-Mar or so.
 
Hunting season is approaching, knife sales will increase.
 
Knives are NOT investments. If you're thinking about them as such then 1) you're doing knife collecting wrong 2) you're doing investing wrong and 3) you're going to have a bad time

Do flippers exist? Sure. Are they even a meaningful minority of people in the hobby or on the sales forum? Nope.

Knife sales will move consistent with the economy and the "innovation" cycle. That is, if people are worried about their jobs or finances then they're less likely to buy the marginal knife. I don't know about anyone else but I am buying food before the marginal CRK. As new models come out, they may be sought after more then existing ones. We all know this.

In addition, if you're getting into knives because you see it as a business then you're almost certain to lose your shirt. Anyone that's been around for more then a minute also knows this.
 
I think the speculators/flippers in the Knife Exchange probably see it a little differently than you do. The negative effects on the secondary are quite obvious.
 
Well, you know what they've always said.

You know how to make a small fortune in knife collecting?

First, start with a large fortune...
 
AntDog said:
“Asset in our portfolio”? LMAO - surely you must be joking.

Secondary market prices are down a bit, but I’m not gobbling many up. I keep buying, selling, trading with 4-5. The rest are keepers I’m very satisfied with.

If you see knives as an investment, you’d better have a hell of a lot of them, and they had better be damned nice. Gold bars, they ain’t.
Click to expand...
They are certainly not gold bars, but they are far more useful and entertaining. Our investment in knives can be viewed as the purchase of a tool for a specific purpose, an entertainment expense and as an educational expense. They may have good residual value, but value retention is not the primary purpose for buying knives.

N2s
 
madcap_magician said:
Well, you know what they've always said.

You know how to make a small fortune in knife collecting?

First, start with a large fortune...
Click to expand...
😆

I'd say that's about accurate

not2sharp said:
They are certainly not gold bars, but they are far more useful and entertaining. Our investment in knives can be viewed as the purchase of a tool for a specific purpose, an entertainment expense and as an educational expense. They may have good residual value, but value retention is not the primary purpose for buying knives.

N2s
Click to expand...

I think folks need to start seeing their knives as tools rather then anything that'll retain value. There are exceptions, of course. I see folks buying $3k full-fledged art knives. For me personally, that's not something I'd ever even consider since I'd be far too paranoid to ever carry it.

If you can get some value out of a knife you don't like then cool but it's generally a bad idea to go into with the "ima be rich" mindset.
 
I keep telling the wife that the resale value of knives is greater than used cocaine so be grateful
 
TinyDog said:
Perhaps some have eyes....? Do some of us not see where our economy is headed, along with the cutlery market? Late 2024 I follow closely this forum as well as many others..... I am sure many have noticed the reduction in $ Price of the 2nd hand prices of all blades in this forum and others, For myself long overdue...

Seems that , at least to me that the $ 150.00 knives that were selling some of us in greed of excess of 3 to 4 times real value have beeen tamed to something more tolerable to collectors seeking them , not reasonbale IMO, but more of a reasonable value. In addition the market frenzy seems to convince many of us that the blade we are purchasing will be an asset in our portfolio?

Thoughts are welcome, no one is right or wrong......

Not here to ruffle any feathers of anyone, Just curious of folks like opinions....... Thanks alll
Click to expand...

No feathers ruffled, and agree with the majority sentiment that knives are either tools or collected for my own enjoyment.

The ones I’ve sold here have been ones I had lost interest in, didn’t fit my needs any longer, or finances dictated it. Never considered myself a “flipper” per se, and please don’t take that as me feeling singled out or offended by your post. Do I look at secondary prices when setting mine? Yeah, I do, but when I look back at someone elses sale a few days later I almost always see that I’ve left something on the table, and I’m certainly not mad about it.

Having said that, in my nearly 20 years here I’ve seen this subject come up more than once. Was digging through old forum posts just last night because, well I’m a knerd - it’s why I’m here. Ran across a thread that expressed your exact same sentiment and that the flipping market would end soon, this from 2008.

I hope it does end in the sense you’re referring to, if you want to flip go to R*it or E*by. I come here for the sense of community cuz you sure as hell ain’t going to get it in those places.

Winston
 
I was raised to watch my dollar.

I Love knives.

I believe knives are tools. Yes they can be Art. Yes they can be collectable.
I tell myself that I only buy Users. But a few are keepsakes, too.

I won't pretend to understand why people buy what they do? Idk.
Flippers suck.
Personally I get turned off when I can't buy something I want, someone else swoops in, buying them, then deciding they no longer wanting....and then adding to get their money back.... Wash, rinse, repeat. Soon a $400 knife gets sold for $1500. We see it here everyday.

I'll then look for something else, something Better.


In My work, I didn't crank up my prices when the market said I Could of.....
I base my work towards Value. I'll try not to lower my prices affecting the others, what they valued. No matter what, I'm a believer that costs Should be honest.
* Not a flashy answer. But I pride myself on being somewhat boring, Here
 
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