|The collectable Randall knife|
Monday, November 12, 2012
I expected the first gun show after the election to be a crazy place. I’ve heard stories of people rushing in to buy ammo with two-wheel trucks following the first election of President Obama.
Heck, I’ve heard of people buying ammo for guns they don’t have. I guess they anticipated either all ammo sales would dry up and they could find the right gun later or they were already planning to buy the appropriate gun. Who knows? Maybe they planned on using it as trading wampum following the zombie apocalypse.
I didn’t see the frenzy this time. Either people are still overstocked from the pre-election feeding frenzy or this election hasn’t alarmed them as much.
What I did see was a lot of was knife sales. Used, new or collector, they were all there. I seldom buy used knives. For one, most people want back what they paid for it. I can’t do that. Many of my sales are impulse buys. It’s a new knife; you haven’t seen it before and it beckons to you. Unlike Ulysses, the songs of the Sirens prove too much and a purchase is made. Well, it’s not quite that pleasant but impulse buys are a big part of my business.
Older knives almost always need to be marked down to sell. It may surprise you, but I am in business to make a profit. If I pay you top dollar, I can’t sell the knife.
Collectables are another story. Many of them are too valuable, or rather too expensive to buy at “market price.” I can’t buy your collectable at market price if I want to make some small but fair profit.
You bought it for the pride of ownership, for the status, for the physical appeal and maybe for the investment. I have to speculate the market will remain hard long enough for me to get my money out of it.
I did run into one fellow who wanted to sell a knife, so he claimed, made by Kershaw. It was some sort of “collectable” but he left the knife at home. Instead he brought a crappy picture of the knife which he displayed on a smart phone screen.
Not interested – Pass!
I also had a person ask me why Benchmades are so expensive. I’m not sure how to answer that. The big question is why do things cost what they do?
That’s a cosmic question. It deals with how we value things and the sliding scale we use to trade hours of our work for hours of someone else’s work. Honestly, in the face of that question I’m often at a loss for words. Can I explain our economic model to him? I don’t fully understand it myself and I’m in it, like most of you.