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Why is this knife worth $2500

I am a new collector. I follow ebay to gain an understanding of the cost of knives. I was blown away by this one.

http://www.ebay.com/itm/160645203658?ssPageName=STRK:MEWAX:IT&_...

 

How would you all have identified this knife as being this valuable. I am reading the standard knife collector's guide which allowed me to gain some insight to knives - but i still cannot understand the hidden value.

 

thanks.

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    Sue OldsWidow

    well Ivars! I guess I should not have assumed it was a reasonable condition of a  vintage knife..

    Condition is indicative of the price..

    Sue

    Ivars Duntavs said:

    Sue! But what for? That knife was so badly condition, that it would cost less than 1$ if it would be for example Imperial made knife!

    2,599.00$ for piece of rust with Case shield! Should be crazy to pay this money for it!

    Sue OldsWidow said:

    It seems, that picture is no longer available on ebay since the knife sold....but if it was a vintage 4 blade knife the price goes WAY UP !!!!!

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    dead_left_knife_guy

    I agree with previous comments -- Case is quite sought-after, but that value is driven by demand.  I get the feeling a lot of the traditional patterns are at a peak right now, & that they'll likely start a definite decline in value over the next 20 years as more slack is added to the current demand, & in 40 years even moreso.  I could be wrong, I'm wrong about a lot of things.

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    Jan Carter

    LOL DLKG... I tend to be wrong alot also

    I dont know about the 20 year time line but I think I can see the 40 year time line being correct.  In 20 years most of our collections will be inherited and broken up.  In 40 those remembering the knife dad carried will be remembering a kershaw or a spyderco or even a TOPS