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kootenay joe wrote:What GEC allows dealers to charge is very reasonable. For $80 to about $140 you get a great knife. There is more demand for them than knives made, so new releases are often sold out in minutes. GEC knives on the secondary market get prices often double or even triple the original price.
Certain patterns are in higher demand and any pattern with stag or mammoth or giraffe bone is also in high demand.
Prices are still climbing. For many of these knives what seemed to be a high price 12 months ago, now seems like a reasonably good deal.
What i am interested to learn is how much more 'upside' do you see ?
Steady increase with no foreseeable down turn ? Or, within the next couple of years numerous GEC collectors getting 'saturated' and moving on to other interests with resulting decline in prices ?
Are the current prices still a buying opportunity ? Or, better to hold off and see what the next year or so brings ?
What do you think ?
Sharpnshinyknives wrote:KJ, I think the prices right now reflect a strong economy, on the resale that is. Should we enter a recession you will see prices fall back a good bit. So for me buying on the secondary market is not something I’m keen to do. I do buy some this way, but only up to a point and no further. I think that patience will reward those who wait. All these things are cyclical and right now the cycle is swinging up, it’s the fool that forgets that it doesn’t stay this way forever and buys high with the idea of selling higher.
I think you have to do some homework and know what is a fair price to pay for a knife before bidding up to the rafters and hoping you didn’t pay too much.
So my prediction is that the prices will continue at this level until there are strong signs of a slowing economy: layoffs, stock market correction, a bubble bursts in some asset like housing, pension crisis or legislative changes and elections. Then you will see knives that were bid up to double or triple and more no longer commanding these prices.
kootenay joe wrote:I have seen a nice mammoth #36 sell for close to $900, and stag #46 for $1200. Hard for me to believe these prices can go even higher.
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