I just watched a $375 (new price) LN 5 1/2 go for $213.50. It was hard not bidding, but I need other things more at the moment and my LV low angle jack is doing me well. Okay, maybe I did bid $200. The other day I foolishly let a LN scrub plane pass by for $90 because I fell asleep and didn't bid. Without a doubt, although these are extreme examples, the used prices are dropping a bit. Is the market starting to saturate?
It is a true catch 22 for a tool company that makes tools to last multiple generations. The used ones are just as good as the new. Over time more and more get on the market and used prices drop. LV was smart with the custom planes- a bit of a selling point over buying a used one. I hope the high end tool companies all do well forever, but I wonder what the limit of demand is in this business. I also wonder if (and hope that) used prices will continue to drop.