Lie-Nielsen #1 $275

Re: Lie-Nielsen #1 $275

Aaron H

>Isn't an item worth whatever anyone's willing to pay? Just because you wouldn't pay that price for that plane - why does that make it crazy?

Aaron

Re: Lie-Nielsen #1 $275

Don Thompson, Cutler Ridge, South of Miami FL

>Maybe it was the LN 2002 Limited Edition #1?

Re: Lie-Nielsen #1 $275

chad p

>I've gotta agree that that is a bit crazy. LN will sell it to you for 195.

I just bought a new LN #1 (the Woodcraft anniversary edition with rosewood handles and made of white bronze) for $175 on Wednesday last week. Not sure what I'll use it for but so far it has held up admirably as a paperweight at work.

Nope, explanation of "crazy".

Matt Malin

>Nope, there wasn't even a box. It was a plain vanilla L-N 1.

I went to the auction as a User not a Collector. I didn't realize that the Collector mentality was so different. To me the utility of a tool is what drives it's value. For the collector it is just simply having it which is diametrically opposed to my mindset. Not so much crazy as not logical when utility is driving a purchase.

wait a minute--what is this word...

John Truxell-Svenson (jvs)

>... "collector?"   You mean to say that there are people who simply hoard   tools for absolutely no reason other than to have   them???   Very strange.

/jvs, getting on a plane to go face down in work for the next week or so--probably a good thing....

Re: Lie-Nielsen #1 $275

Alan Hamilton

>Aaron and Matt,

A thing is indeed "worth" what one will pay for it. Another elementary axiom of economics is that things will wind up in the hands of those who value them the most.

Economics is, after all, nothing more than a study of human behavior.

Alan