Seth
Founding Member
- Joined
- Feb 28, 2011
- Messages
- 701
- Reaction score
- 12
I think this is one of best forums out there (see BFF You Never Met) and members seem to play well with each other most of the time. There was a thread on pricing and what I took away from that was that a baseline starting point for pricing the knives you want to sell is about 20% under current lowest retail. There are a few factors that would adjust this though, such as availability, condition and modification, uniqueness, etc. I have a handful of knives I would like to sell and I want to price them fairly both for myself and the buyer - no super liquidation here, just pricing so that the buyer gets a good and fair deal.
Case Study I
The seller has a 210 Suisin Inox Gyuto that sells from two venders for $370 or so. The market is aware of recent price increases. In one scenario, the knife is described as being in near new condition, lightly used, and not modified. Pictures seem to confirm this. In a second scenario, the knife is described as having been polished to a satin finish but geometry and profile are original. Again, pictures seem to confirm this but we are unaware of the qualifications of the polisher. The knife is readily available and one retailer runs periodic sales. Price these under each scenario and explain your answer. (Hint: There is no 'right' answer.)
Case Study II
The seller is offering a knife that has a long waiting time and is a custom or small production run knife. It can be had new for $550 to $600 from two different sources with a waiting time of one to two years. The same two scenarios apply: original condition vs. some cosmetic alteration. Price and discuss.
Note: The seller is not interested in a six minute sale. A typical marketing time of up to a few days is acceptable. After you guys are done recommending $10, pretend you are the seller but also consider the problem as though you are the buyer.
Pass/Fail grading except for Theory, Jon, and TK59 who will be graded on a sliding scale.
Case Study I
The seller has a 210 Suisin Inox Gyuto that sells from two venders for $370 or so. The market is aware of recent price increases. In one scenario, the knife is described as being in near new condition, lightly used, and not modified. Pictures seem to confirm this. In a second scenario, the knife is described as having been polished to a satin finish but geometry and profile are original. Again, pictures seem to confirm this but we are unaware of the qualifications of the polisher. The knife is readily available and one retailer runs periodic sales. Price these under each scenario and explain your answer. (Hint: There is no 'right' answer.)
Case Study II
The seller is offering a knife that has a long waiting time and is a custom or small production run knife. It can be had new for $550 to $600 from two different sources with a waiting time of one to two years. The same two scenarios apply: original condition vs. some cosmetic alteration. Price and discuss.
Note: The seller is not interested in a six minute sale. A typical marketing time of up to a few days is acceptable. After you guys are done recommending $10, pretend you are the seller but also consider the problem as though you are the buyer.
Pass/Fail grading except for Theory, Jon, and TK59 who will be graded on a sliding scale.