OldTools Archive

Recent Bios FAQ

276102 Chris Wolf <hframe79001@g...> 2022‑08‑08 Price insanity
I don't think the insanity for No. 1's has passed. I started an eBay
auction last night for a Lie-Nielsen No. 1. This isn't just any typical
pristine Lie Nielsen No. 1; it is likely one of the most neglected, beat-up
ones out there. It would actually be fine for someone shopping for a user
No. 1, but does such a person exist?

I started the auction at $10, resigned to get maybe $50-100 for it. Within
the first 30 minutes it was bid up to about $150, and it now stands at
$380, with six days to go. That is considerably more than I paid for it
three years ago in a Craigslist purchase.
https://www.ebay.com/itm/175376511116

On Sat, Aug 6, 2022 at 4:03 PM Kevin Foley 
wrote:
276103 Joshua Clark <jclark@h...> 2022‑08‑08 Re: Price insanity
Lie-Nielsen quit producing the no. 1. I can't find an example currently for
sale for less than yours is currently selling for.  In fact I only see one
other for sale at the moment.  There is obviously demand for the L-N no. 1
as you've shown. The supply is clearly very limited. So what will the
market determine the price to be?

On a related note, and of no surprise to some of you.. some of the earliest
rarest Lie-Nielsen tools have been getting very strong prices over the past
few years. I think this is due in good part to the fact that L-N never
intended these to be collector's items.

Josh
... wishing for air conditioning in sweltering Connecticut
276104 Tony Zaffuto <tzmti@c...> 2022‑08‑08 Re: Price insanity
Patrick Leach may still be producing a #1.  His version was a Bedrock version.

T

Anthony M. Zaffuto, President 
Metaltech, Inc.
3547 Watson Hwy.
DuBois, PA. 15801
www.metaltech-pm.com
(814) 375-9399
(814) 541-5019 (cell)
276105 Kevin Foley <kevin.foley.135@g...> 2022‑08‑08 Re: Price insanity
The Lie Nielsen thing adds another level to the craziness.  IIRC LN set out to
reproduce some useful tools that had become rare and expensive collector’s
pieces, therefore unavailable to woodworkers   The prices realized on some of
the LN repros are surpassing the antique originals. I listed and older LN item
on the ‘lectric landfill, it ended up in a bidding war and the final price was a
little north of 5x what I paid for it new.  I was waiting for the other shoe to
fall.  I figured the winner bid too much and was going to back out.  I hoped he
would just ask and not want to do a bogus return after shipping it.  But no.  He
couldn’t have been happier to get it at the wildly inflated price.

It’s easy to find a Stanley 10 1/4 for less than an LN.  The LNs are fetching
big prices which is strange because it’s on hold, not discontinued. It’s just a
matter of waiting.

Kevin in Chantilly where the dog bolted out the door, did one high speed lap of
the steamy back yard and right back in.
276106 Ray S. <rsheley@r...> 2022‑08‑08 Re: Price insanity
I was an "Early Adopter" for L-N planes, and have many of the rare ones, that
"Fortunately (?) " due to divorce and loss of my shop have been sitting in their
original  boxes for many years (Bronze #1,, original Bronze-Manganese  #9,
Original Ductile-Iron #9, some # of 500 planes, at least (1) White -Bronze. Some
of the more common L-N are used, but those listed weren't, and now they sit, but
I am loathe to let them go. 😊

I've got to believe that specimens in their original, and sometimes mismarked
boxes (For the *9's) with paperwork are worth more to a collector than to me as
a casual user.
At some point it will be obvious that it is stupid of me to keep hanging on to
them.

-----Original Message-----
From: oldtools@g...  On Behalf Of Kevin Foley
Sent: Monday, August 8, 2022 5:00 PM
To: Tools Old 
Subject: Re: [oldtools] Price insanity

The Lie Nielsen thing adds another level to the craziness.  IIRC LN set out to
reproduce some useful tools that had become rare and expensive collector’s
pieces, therefore unavailable to woodworkers   The prices realized on some of
the LN repros are surpassing the antique originals. I listed and older LN item
on the ‘lectric landfill, it ended up in a bidding war and the final price was a
little north of 5x what I paid for it new.  I was waiting for the other shoe to
fall.  I figured the winner bid too much and was going to back out.  I hoped he
would just ask and not want to do a bogus return after shipping it.  But no.  He
couldn’t have been happier to get it at the wildly inflated price.

It’s easy to find a Stanley 10 1/4 for less than an LN.  The LNs are fetching
big prices which is strange because it’s on hold, not discontinued. It’s just a
matter of waiting.

Kevin in Chantilly where the dog bolted out the door, did one high speed lap of
the steamy back yard and right back in.
276108 Chris Wolf <hframe79001@g...> 2022‑08‑08 Re: Price insanity
Yes, the lack of other competitive listings at the moment was one factor in
my selling it now. Only two others have sold on eBay in the last month, in
the $800 range. It's hard for me to believe that my auction will go any
higher.
276109 Stephen Rosenthal <srosenthal26@g...> 2022‑08‑08 Re: Price insanity
I agree with Kevin. LN tool prices have shown no signs of waning on flea bay,
even those that are currently back in stock. I have a lot of LN tools and the
only one I overpaid for is an LN-9, which was discontinued in 2015. I have a
dedicated shooting plane so don’t use it for its originally intended purpose,
yet it’s become one of my favorite planes, literally a block plane on steroids.
I’m a user not a collector, so if I want a tool I’m willing to wait for it at a
fair price. Someone once surmised that the reason LN tool prices are inflated on
eBay is because of international buyers. I never put much credence in that; LN
has many international distributors.

With the exception of very rare collectible items, I do think prices on Stanley,
Sargent, et al, are beginning to show signs of coming down, in some cases
significantly. I just sold a Stanley No. 55 spokeshave in excellent condition
for exactly what I paid for it 3 years ago. Stanley #5 planes are going for
$50-$60, a few months ago they were usually over $100. I suspect a lot of people
who got caught up in the Covid tool buying mania had no intention other than
flipping them and making a quick buck. Well mama, turn out the lights, that
party’s over.

Stephen
276110 Tony Seo 2022‑08‑08 Re: Price insanity
On 8/8/2022 5:43 PM, Chris Wolf wrote:
> Yes, the lack of other competitive listings at the moment was one factor in
> my selling it now. Only two others have sold on eBay in the last month, in
> the $800 range. It's hard for me to believe that my auction will go any
> higher.

I did a quick look on JB's site for the sold listings, and they range 
from $299 to $1395, depending on the body material.

FWIW

Tony (where it's in the 90's as of now...ugh)

-- 

Facebook
https://www.facebook.com/tonyseomusic
Old River Hard Goods
http://oldetoolshop.com/
276111 Stephen Rosenthal <srosenthal26@g...> 2022‑08‑08 Re: Price insanity
Chris,

I just looked at your listing. Yeah it’s a beater, but with 6 days to go I’m
predicting $550-$600.

Stephen
276112 Kirk Eppler 2022‑08‑08 Re: Price insanity
Here's someone who thinks the insanity should go on.

https://www.ebay.com/itm/115488539411

I think it's OK to post this live auction, 'cuz I really don't think anyone
on here is thinking this is a deal.  If you feel you were cheated out of a
deal, I will let you buy my #1 for 2000.00 USD

Buyer has 253 ratings, and does list other tools, so a good chance he's
legit.

Kirk in Half Moon Bay, CA, may sneak into the garage in the early afternoon.

On Mon, Aug 8, 2022 at 1:15 PM Chris Wolf  wrote:

>  I don't think the insanity for No. 1's has passed. I started an eBay
> auction last night for a Lie-Nielsen No. 1. This isn't just any typical
> pristine Lie Nielsen No. 1; it is likely one of the most neglected, beat-up
> ones out there. It would actually be fine for someone shopping for a user
> No. 1, but does such a person exist?
>
> I started the auction at $10, resigned to get maybe $50-100 for it. Within
> the first 30 minutes it was bid up to about $150, and it now stands at
> $380, with six days to go. That is considerably more than I paid for it
> three years ago in a Craigslist purchase.
> https://www.ebay.com/itm/175376511116
>
>
>


-- 
Kirk Eppler in Half Moon Bay, CA 
276113 Matthew Groves <grovesthegrey@g...> 2022‑08‑08 Re: Price insanity
Hey Ray,

There were even a few of the Bronze #9s that sold for $3300 and $3500. That was
a few months ago.

The collection I’m helping to liquidate had one bronze 9, and I just sold it a
few weeks ago at $2600.

I’m currently selling the 150yr commemorative #1 that was made in 1993. Again, a
few months ago one sold for $1500 I believe. But a few have sold since then for
less. I couldn’t get anyone to bid $1100 for mine (pristine), so I lowered the
price to $850 yesterday, and I’ve got two bids already.

The super high LN did peak a few months ago, but they’re still very strong
compared to a few years ago.

My data points

Matthew Groves
Springfield, MO
276114 Mark van Roojen <mvr1@e...> 2022‑08‑09 Re: Price insanity
I still remember when Patrick mailed a bunch of parts for these (the frogs
perhaps) to me in Lincoln so that he could put the planes together for the Omaha
MWTCA meet something like 20 years ago.  Those were fun times! I was happy to
see Patrick at a meet in Minnesota that I was able to go to last Fall on my way
to a (long postponed due to covid) Rolling Stones show in Minneapolis.  It
underlined the length of time since I saw him more regularly that his son is now
in college.

I do miss the social aspect of oldtools that I got away from as my hobbies kind
of got away from me.

- Mark
276115 Ray S. <rsheley@r...> 2022‑08‑09 Re: Price insanity
Thanks, the prices do seem to cycle.
I like owning them, but there are some holes in my standard user L-N collection
that I should fill
Letting them go would help me achieve that completion.


-----Original Message-----
From: oldtools@g...  On Behalf Of Matthew Groves
Sent: Monday, August 8, 2022 6:59 PM
To: Ray S. 
Cc: Kevin Foley ; Tools Old 
Subject: Re: [oldtools] Price insanity

Hey Ray,

There were even a few of the Bronze #9s that sold for $3300 and $3500. That was
a few months ago.

The collection I’m helping to liquidate had one bronze 9, and I just sold it a
few weeks ago at $2600.

I’m currently selling the 150yr commemorative #1 that was made in 1993. Again, a
few months ago one sold for $1500 I believe. But a few have sold since then for
less. I couldn’t get anyone to bid $1100 for mine (pristine), so I lowered the
price to $850 yesterday, and I’ve got two bids already.

The super high LN did peak a few months ago, but they’re still very strong
compared to a few years ago.

My data points

Matthew Groves
Springfield, MO
276116 Joshua Clark <jclark@h...> 2022‑08‑09 Re: Price insanity
I still feel like the new guy on The Porch compared to many. However, I do
remember the days when Tom would sign his planes if you asked. I recently
bought a collection that had a bunch of the old white boxed L-N tools, most
of which were signed which is what made me remember this.  I also remember
when Tom would regularly visit the Woodcraft in Norwalk, CT to show off the
new tools they were making. Thinking about it, that was 20+ years ago. wow.

Josh
276117 gtgrouch@r... 2022‑08‑09 Re: Price insanity
There's a reason that boxes and wrappings and literature are called
'ephemera.'

In a century, it wouldn't surprise me if an original box doubled the
value of the plane.

And a box with a signature!? Woohoo . . . !

	-----------------------------------------From: "Joshua Clark" 
To: "Ray S."
Cc: "Kevin Foley", "Tools Old"
Sent: Monday August 8 2022 11:40:06PM
Subject: Re: [oldtools] Price insanity

 I still feel like the new guy on The Porch compared to many. However,
I do
 remember the days when Tom would sign his planes if you asked. I
recently
 bought a collection that had a bunch of the old white boxed L-N
tools, most
 of which were signed which is what made me remember this. I also
remember
 when Tom would regularly visit the Woodcraft in Norwalk, CT to show
off the
 new tools they were making. Thinking about it, that was 20+ years
ago. wow.

 Josh

 On Mon, Aug 8, 2022 at 5:23 PM Ray S.  wrote:

 > I was an "Early Adopter" for L-N planes, and have many of the rare
ones,
 >

 



Links:
------
[1] https://groups.io/g/oldtools/unsub
276119 Ray S. <rsheley@r...> 2022‑08‑09 Re: Price insanity
Now that you reminded me I believe the Limited Edition (To 250)  White Bronze
#102 has his signature scribed on.
I'll have to dig it out and check.

-----Original Message-----
From: oldtools@g...  On Behalf Of gtgrouch@r...
Sent: Tuesday, August 9, 2022 1:07 AM
To: 'Joshua Clark' 
Cc: 'Tools Old' 
Subject: Re: [oldtools] Price insanity

There's a reason that boxes and wrappings and literature are called 'ephemera.'

In a century, it wouldn't surprise me if an original box doubled the value of
the plane.

And a box with a signature!? Woohoo . . . !

	-----------------------------------------From: "Joshua Clark" 
To: "Ray S."
Cc: "Kevin Foley", "Tools Old"
Sent: Monday August 8 2022 11:40:06PM
Subject: Re: [oldtools] Price insanity

 I still feel like the new guy on The Porch compared to many. However, I do
remember the days when Tom would sign his planes if you asked. I recently
bought a collection that had a bunch of the old white boxed L-N tools, most  of
which were signed which is what made me remember this. I also remember  when Tom
would regularly visit the Woodcraft in Norwalk, CT to show off the  new tools
they were making. Thinking about it, that was 20+ years ago. wow.

 Josh

 On Mon, Aug 8, 2022 at 5:23 PM Ray S.  wrote:

 > I was an "Early Adopter" for L-N planes, and have many of the rare ones,  >

 



Links:
------
[1] https://groups.io/g/oldtools/unsub
276120 the_tinker <tinker@z...> 2022‑08‑09 Re: Price insanity
Beep,beep.

Recent Bios FAQ