Last night I witnessed something that really surprised me! May be it shouldn't have, may be some others got to witness it as well. On the popular auction sight I watched a stanley 62 with a chipped mouth and a replacement tote (from a #4) sell for $306!
When I first began sliding down this slope I put a low-angle jack on my list and initially thought an old one would eventually find its way into my shop. Then I saw that the 62's in decent shape were priced a bit too high....might as well go for a modern version. Now even the damaged vintage 62's are fetching crazy prices. Are the collectors crazy?
I had broken myself of the habit of looking at auctions but somehow I found myself watching this one last night. It was crazy: in the last minute it went from $160 to $306; I almost fell out of my chair!
At least now I know my only choices are a LV or a LN. I doubt you could go wrong with either of these!
This is far from a rant, just an observation. Looks like the #62 market is the place to invest right now!!!
Update to this story: I just looked at my watchlist and another 62 (in better shape) just sold for $238. Is there no rhyme or reason to this????