Knife collecting still making the cut

us-economyThis year’s been a doozie and we’ve still got a quarter to go. We’ll end up at over a hundred bank closings. Auto maker bailouts. Record high foreclosures. Unemployment near 10%.  Record business and personal bankruptcies. Makes your head spin doesn’t it? Not since the Great Depression has our country been hammered like it has this year.

CNJ reported successful knife makers reduced employee’s salaries or have been forced to adjust by laying off workers due to low knife sales. In some cases other business failures have impacted knife companies too- distributors, retailers and suppliers.

In regard to our knife organizations, the timing of this severe downturn couldn’t be worse, as most need the steady revenue while the leaderships conduct SWAT analysis on their organizations. The economy’s caused many collectors to drop club and association memberships.

economyThe dark-side of the recession is also having it’s toll on collectors in other areas too. More collectors are selling knives to help make ends meet. I spoke with another collector yesterday who is selling because he needs the cash.

One knife industry expert claims, incidentally, these collectors will become tomorrow’s dealers. His theory is this-  these individuals who do need to sell will hit the show circuit in order to liquidate. Then they will eventually need to buy more knives from other dealers in order to have additional inventory to sale. I think that is hog wash, personally. The guy I mentioned earlier who is selling off a major chunk of his collection isn’t going to set up at shows- he’s using eBay.

Even with the tough times, knife collecting is still making the cut.

The 2009 CNJ Knife Collector Survey taken earlier this year revealed almost half of the 1300 collectors surveyed stated their participation in the hobby hasn’t been affected by the recession.

Click to enlarge

2009 Knife Collector Survey Q#6 II

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There is an additional bright-side to all this too- Record low interest rates and tremendous investment buying opportunities. Untold billions will be made as a result of this recession. Cash rich companies and individuals will make a fortune buying in a down market, but when we do come out of this-  the business landscape will look all together different.

Don’t be surprised if there are some knife company mergers and buy-outs before this is all said and done too.

Photo credits: http://www.uml.edu; http://www.blogtrepreneur.com

6th Annual NW Georgia Knife Show

youngmandaltonshow09

Future NKCA President

This weekend, the National Knife Collectors Association sponsored Dalton Knife Show finished strong and the Association declared the show a resounding success.

Even in the midst of a serve economic recession, knife folks turned out, both dealers and collectors. The current conditions didn’t seem to have a measurable impact. In fact, dealer participation surpassed the NCKA’s expectations. I don’t have access to the door receipts, but witnessed a good crowd overall for the show that started mid-day Friday and ran through 2:00 today.

The crowd of buyers ranged from the hard-core serious collectors on Friday to the general public on Saturday and Sunday. The NKCA reached out to the Boy and Girl Scouts in the area and I saw several youngsters in attendance over the weekend.

There was a good mix of knives for sale from everyday carry knives, to high-end antiques and customs. I even saw several antique knife displays available also.

Additional information from the show will be topics later this week, but allow me to say, the show was FUN. Make plans to attend one of the others scheduled throughout the year.

Published in: on March 15, 2009 at 4:37 pm  Leave a Comment  
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Largest Online Auctioneer of Knives Cuts Over 1000 Jobs

Like it or not, eBay is a major player when it comes to knives. I know, they don’t make knives, or own them, but they do play what has become an important role in brokering/auctioning knives.

In fact, I would go as far to say, eBay transacts more knife sales on any given day than any other single source. Take for example, go search “knife” and 62,950 auctions show up. Search “pocket knife” and you get 10,008 auctions.

Perry Miller, the NKCA President said here on the CNJ Knife Show, “It (eBay) is the largest knife show in the world and it is open 24/7- seven days a week.”

In its early days many folks didn’t like it. Today folks have accepted it and adapted, and most now capitalize on it. (more…)

Published in: on October 8, 2008 at 7:51 am  Leave a Comment  
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