December 10, 20223 yr 51 minutes ago, PeteM said: In a word?: kitsch I had to look that up. Learn something new every day here.
December 12, 20223 yr On 12/10/2022 at 11:32 AM, John Morris said: I had to look that up. Learn something new every day here. Me too. IMO, Pete nailed it! No pun intended. On 12/10/2022 at 10:40 AM, PeteM said: In a word?: kitsch
December 14, 20223 yr Author I'm reminded of Rietveld's "Crate Chair", but I actually like it. You can get a matching set for four grand, pre-owned with "some imperfections."
December 14, 20223 yr That chair's pricing reminds me of how the AF and, probably the other branches, too, are billed for equipment. As an example: there are flap actuating hydraulic pumps in the wings of a B-52. In order to change those pumps, a small, (then) manually operated, bicycle chain hoist is used. It's a very simple device. In the 50s and 60s that device was purchased for $1800 and change. That price reflected the design and build cost for the very first one. The AF bought every subsequent device for that same price. I'm sure that price has escalated quite a bit, since. I suppose the design and build costs of that chair MAY have reached $1000 Inc. profit. Though, that's doubtful. Price it high to leave room for negotiations.
December 14, 20223 yr As woodworkers we scoff at these prices, but as a woodworker who wishes I could get thousands for some Adirondack chairs I may make, I am completely envious. I give a big thumbs up to any woodworker who can pull this off, why not? You know what many artists do when figuring a price for their art? Often time they'll add a couple zeroes to make it look important, and folks bite the bait. I'd love to sell a chair for 4000 dollars that I built in a weekend, I hold no grudges against those woodworkers and artists who can.
December 14, 20223 yr Fair Market Value = Whatever a willing seller is willing to take, and a willing buyer is willing to pay in an arm's length transaction. The catch, of course, is that manipulation can (and does) occur...
December 14, 20223 yr 1 hour ago, Cal said: manipulation can (and does) occur... I-search of the day: FTX
December 14, 20223 yr 3 hours ago, PeteM said: I-search of the day: FTX Quit it Pete! You're trying to educate me. Can't be done. Old dogs can be tricked...'er do new tricks or something like that?
December 14, 20223 yr 5 hours ago, Cal said: The catch, of course, is that manipulation can (and does) occur... I just wish that manipulation was prevalent in the arts and crafts sales, our artisans and woodworkers who like to sell, sure could use a boost and fair compensation for their time!
December 14, 20223 yr Not art but retail would you rather sell one item for $100 or 10 items for $11? Price points equals sales and sales equals profit, less of coarse time. Then the question is how valuable is your time? I have people ask how much would I build a entertainment center like mine with two towers and tv stand , I either say you could not afford it or some figure like $10K.
December 14, 20223 yr 42 minutes ago, Gerald said: or some figure like $10K. That sounds about right to me, made from solid hardwood by a skilled hand, you bet. I like to use Thomas Moser as a benchmark for pricing furniture. Thos. Moser - Handmade American Furniture WWW.THOSMOSER.COM Thomas Moser, handmade American furniture, designed to last for generations. Sustainably sourced solid wood furniture for classic and...
December 14, 20223 yr Author 8 hours ago, John Morris said: As woodworkers we scoff at these prices, but as a woodworker who wishes I could get thousands for some Adirondack chairs I may make, I am completely envious. I give a big thumbs up to any woodworker who can pull this off, why not? You know what many artists do when figuring a price for their art? Often time they'll add a couple zeroes to make it look important, and folks bite the bait. I'd love to sell a chair for 4000 dollars that I built in a weekend, I hold no grudges against those woodworkers and artists who can. This may be an "original" not a modern reproduction. We had a guy at the woodworking club that makes Windsor chairs. Someone asked what one would cost and guessed $1500. The speaker said to add a few hundred to it. It takes most of a week to make one.
December 14, 20223 yr Author 8 hours ago, Cal said: Fair Market Value = Whatever a willing seller is willing to take, and a willing buyer is willing to pay in an arm's length transaction. The catch, of course, is that manipulation can (and does) occur... When I had my classes in economics, we were taught the price point is when marginal supply is marginal demand. https://en.wikipedia.org/wiki/Marginal_demand#:~:text=Marginal demand in economics is,or services fall%2C demand rises. Then of course, there's price elasticity. The instructor said if the price of a box of toothpicks doubled, you probably would not care, but if the price of something expensive, like jewelry, doubled, you'd think price about buying one. And there's monopoly -- if only one vendor makes or sells a product, you have to buy from them if you are going to buy. If DeBeers is the only company in the world that sells diamonds, you pay what they ask or don't buy. Edited December 14, 20223 yr by kmealy
December 14, 20223 yr Author 8 hours ago, John Morris said: As woodworkers we scoff at these prices, but as a woodworker who wishes I could get thousands for some Adirondack chairs I may make, I am completely envious. I give a big thumbs up to any woodworker who can pull this off, why not? You know what many artists do when figuring a price for their art? Often time they'll add a couple zeroes to make it look important, and folks bite the bait. I'd love to sell a chair for 4000 dollars that I built in a weekend, I hold no grudges against those woodworkers and artists who can. Well at maybe $50 retail worth of wood, a handful of screws, and much less than an hour labor, it seems pretty boujee (there's another new word for you, John).
December 15, 20223 yr There's a member of a Scroll Saw forum who claims to make a good living with his scroll saw art. He sells online only. Some Etsy and some with Amazon and quite a few direct purchasers from his web site. He says half of his time is spent in marketing endeavors. He has shown some of his work and it is very good. He doesn't do anything elaborate. Some 3D stuff, lots of name plaques and other personalized items. This time of the year, personalized ornaments are a big seller. He says he won't turn on his saw for less than $50.
December 15, 20223 yr 2 hours ago, Gene Howe said: He says he won't turn on his saw for less than $50. Me either. Still waiting on the other 49 customers.
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