Secondary market right now is wild!

Definitely a buyers market right now.

EDIT: Just realized I repeated someone's post above, but it's true! 🤣🤣
 
Been a buyer's market since Covid started & it doesn't look like it's going to change anytime soon.

I've got at least 100 knives that I'd like to sell to trim my collection but I'm just sitting on them for now.

However, my self-imposed moratorium on knife buying ends in mid-Dec and I'll be happy to be a buyer again when the time comes.

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OBTW: I only recently learned that the IRS still hasn't fully implemented the $600 rule passed by Congress in 2021 for reporting 1099 transactions and that the limit is still $20k in 2023 and will be reduced to $5k in 2024 before it's reduced further to $600 in 2025.

So, I'm thinking of selling at least 50 of my knives on eBay where people will pay more for knives than they will here but, of course, where the eBay & Paypal fees are very high.

Too late to start selling now but I've got all of 2024 to sell at least $5k in knives w/o any reporting to the IRS, which will cover around 25-50 knives that I have available to sell most of which I bought at pretty low prices. We'll see . . . 🤷‍♂️
 
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I've seen quantities of Vehement Knives and Carothers Knives sitting even with price drops - those two typically sell immediately, and it's rare to see them sit or have multiple knives available for sale at one time. Steep discounts on popular knives like Hinderer, CRK, Koenig, and Demko to below-retail and still sitting, too.
 
madcap_magician said:
I've seen quantities of Vehement Knives and Carothers Knives sitting even with price drops - those two typically sell immediately, and it's rare to see them sit or have multiple knives available for sale at one time. Steep discounts on popular knives like Hinderer, CRK, Koenig, and Demko to below-retail and still sitting, too.
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GEC seems to to be doing fine though 😆
 
I’ve noticed it too, everything was selling like hotcakes in the early part of the year through the summer then it just hit a brick wall and everybody stopped buying.

It’s definitely a buyers market but no one is buying. Well, except me, lol
 
RoyalHolic said:
GEC seems to to be doing fine though 😆
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GEC is an odd one I think because they're ragingly popular, drops are pretty frequent... but also the retail price is pretty inexpensive. Like, a Spyderco PM2 is more expensive than a retail GEC. A new PM2 is more expensive even than a cheap flipped GEC, so I think the GEC market is pretty resilient because of the affordability. It's the $400+ price point that got real soft since September or so. Things like Monkey Edge or PDW CRKs sitting for sale.
 
I bought a house this year so I haven't really been purchasing or paying as much attention to the secondary market, but I still follow new drops via email alerts and I have noticed knives available that would have previously been snatched up instantly. One thing I have noticed though, with Hinderer for example, is that the knives taking longer than normal to sell out are typically in S45VN or 20CV, whereas the Magnacut ones still seem to sell in a flash. Just an anecdotal observation.
 
If you're only looking at hyped knives as an indication of the overall market, that won't be an accurate indication. Knives that are hot regularly fall out of favor and get replaced with something newer. It's not sustainable for a lot of these knives to trade at a couple hundred over retail when their value is already somewhat dubious. If the maker has ramped up production just as their knife is losing steam, you can end up with a lot of extra stock.
 
Don_Logan said:
Happening with watches and pretty much all other fields as well. 2024 is going to be "worse" or "better" depending on how you look at it and how flush you are.
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Definitely the case. Luxury collectibles were burning hot for a while with the influx of government cash, but I think the inflation is starting to bite. If people can afford to pick up on the secondary in the next year, I think there will be a lot of nice deals...
 
Yep. I think the reality of interest rates + inflation have hit.

Homeowners who recently purchased are now paying 3X as much for their mortgage as they would have just 2 years ago. Likewise with vehicles. A person who needs a new car is now looking at a 30-40%+ increase in their car payment for virtually the same vehicle. Then we add in groceries costing 20-30% more across the board and people are left with very little disposable income.
 
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