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kootenay joe wrote:These high prices are due to strong collector interest. With many GEC patterns there are more interested collectors than knives to collect. If knife collecting does not continue to attract new members, in 10 years or so there could be far fewer knife collectors. If this happens the high prices being seen now will decline.
But the converse could happen. GEC is making such outstanding knives that many people new to knives might become enamored and become knife collectors. If this really took off then prices for the most desired patterns and knives with excellent handles would go higher than they are now.
It could go either way. The future is often not what had been expected.
Sharpnshinyknives wrote:I would love to see statistics on who the buyers of these knives are.
RalphAlsip wrote:Here is another one that surprised me with a winning bid of almost $532.
https://www.ebay.com/itm/Great-Eastern-Cutlery-Northfield-83-Tascosa-Yellow-Rose-/183775841140?oid=202649103512Sharpnshinyknives wrote:I would love to see statistics on who the buyers of these knives are.
I can't quote any statistics, but I do belong to a couple of Facebook groups dedicated to GEC and Northwoods knives. My observations from the active participants of these groups and what I can glean from their Facebook profiles is that the "enthusiasts" for these knives range from age 30 to age 60, with the most active people being on the younger side of that range.
My observation of the demographics of folks interested in pre-1970 knives is that their ages trend to 50+ with 60+ probably representing most of the folks.
If (when) the economy turns bad, I would expect some hardship selling of GEC and Northwoods and resulting price declines. On the flip side, when the GEC / Northwoods collector reaches their own "spending wave" cycle I would expect nostalgia to re-ignite interest in the 2006 - 2020 GEC / Northwoods knives and potentially drive prices even higher than they are now - assuming the economy is good when that time comes.