just when you thought it was safe to get a home equity line of credit…
selling because of a “bagpipe crisis”:
A mint condition Copeland high D in sterling
silver engraved with a luscious engraved vine
twining around the fingerholes. A great whistle and a rare thing of beauty. $750 OBO
Please get in touch if you would like a jpeg!
drooling Wow. That is really, really, really cool. If only I could raise the money to buy it! Alas I don’t think my parents would buy, “Hey mom and dad, so how much do you love me? Wanna buy me a 700$ whistle/” well I can dream
I hate to rain on everyone’s parade, but I don’t get it.
It’s a silver Copeland D, so $375 list. Let’s assume for this exercise that the depreciation on the whistle is identical to the premium for bypassing the waiting list, so that $375 is the price of a like-new, used whistle.
That means you’re looking at a $375 engraving job.
Now, it’s probably difficult to engrave on a thin-walled tube, and it probably takes advanced ability at engraving to do that good a job, but it seems to me a little unusual that the engraving would double the price of the whistle.
$750 for a whistle – I think one or both of Messrs Veblen and Barnum would be pleased indeed.
-Rich
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[ This Message was edited by: rich on 2002-02-24 17:16 ]
Rich,
What you say about the cost makes sense, but it is not really the parts, but the whole that you have to consider. This is an original and highly collectable. (I’ve been watching too much antique road show)
I mean, that’s like saying "look at this picasso, what’s some canvas and some paint cost? Couple bucks?
It is really all about value and it’s value is different for differnt people. To the seller it is worth $750 to part with it. While for me, as nice as it is, if I bought that thing, it would cost me twice that because I have to let my wife match whatever I spend on my toys.(Keeps me in check)
[ This Message was edited by: Nubby on 2002-02-24 17:33 ]
On 2002-02-24 17:30, Nubby wrote:
Rich,
What you say about the cost makes sense, but it is not really the parts, but the whole that you have to consider.
Oh, absolutely. The parts would be what, $15-20? So that’s only $730 or so of added value.
And art sales are no different; people buy Picassos at least in part because they can then tell people they have a Picasso. (Look at the tactics of Joseph Duveen around midcentury; he certainly wasn’t selling aesthetics!)
I probably shouldn’t have mentioned Barnum in my initial post; in retrospect, my position on this is entirely Veblenian.