Wolfman Auction

I have nothing against capitalism/laissez-faire economics. It's the best system yet devised. That said however I think too many people are full of........beans....when they claim that these artisan razors are the ne plus ultra in shaving. You cannot beat science and ALL razors must obey laws of physics and science. Exotic metals and shiny finishes do not solve anything. They are aesthetic baubles. They are like automatic watches which are essentially jewelry and are for men who are more worried in how others perceive them than knowing exact time that even a $10 quartz watch can provide.

Hey, you damned kids get off my lawn!

Good for James. It’s a free market and maybe he got tired of people buying his razors for retail and flipping them for a huge premium. Why shouldn’t he get some of that premium? Did the flipper add any value? Nope. They’re just exploiting a combination of the actual market being willing to pay more and impatience with long wait times. Maybe James should do a regular auction, maybe every 5th or 10th razor off the line and keep it up until auction prices fall to retail levels. If they ever do.

It's one thing to auction extras and prototypes piling up in his shop, but doing it on the regular would be a shitty way to treat customers until the waitlist has been cleared. Past threads have chastised producers for doing so in the past. Not sure why Wolfman gets a pass?

Well, for starters the wait list will never clear and I don’t believe that anyone on the wait list has to wait longer than they expect because of an auction and why not offer the opportunity to skip the wait list entirely by winning an auction. Nobody is forcing anyone into either the wait list or the auction. It sounds like a win win to me. I don’t understand how this can be interpreted as treating customers badly. Everyone’s expectations are being met.

So what did the auction close at?

Someone posted they saw it flash $1,000 Canadian dollars right at the auction close.

Well, for starters the wait list will never clear and I don’t believe that anyone on the wait list has to wait longer than they expect because of an auction and why not offer the opportunity to skip the wait list entirely by winning an auction. Nobody is forcing anyone into either the wait list or the auction. It sounds like a win win to me. I don’t understand how this can be interpreted as treating customers badly. Everyone’s expectations are being met.

I'm with Marko. My guess is he could ramp up production the 10% or whatever to eek in one additional razor every once in a while, allowing for the scenario, without affecting his normal business plan. I could be wrong, because I have no clue how his business really works.

Of course, I could be really wrong... He could only be making 1/5 of his capacity intentionally to keep supply down and demand (profit) up. That's absolutely his prerogative... It's a free market. But I highly doubt that's the case.

(Edit: It's also my understanding James did a lot of work to get the list moving smoothly... I'd guess he'd be right there with you fighting to keep it going as is.)

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Well, for starters the wait list will never clear and I don’t believe that anyone on the wait list has to wait longer than they expect because of an auction and why not offer the opportunity to skip the wait list entirely by winning an auction. Nobody is forcing anyone into either the wait list or the auction. It sounds like a win win to me. I don’t understand how this can be interpreted as treating customers badly. Everyone’s expectations are being met.

if I had been waiting months, I would not be happy if people could suddenly skip to the front of the line or time was suddenly being allocated to make product for a new auction. And you can clear the list by no longer taking names.

Of course, I could be really wrong... He could only be making 1/5 of his capacity intentionally to keep supply down and demand (profit) up.  That's absolutely his prerogative... It's a free market. But I highly doubt that's the case.

that's exactly what he does via pricing and he's been pretty transparent about it. There is a target revenue # and he works as much as is required to realize it.

James should raise the prices on all his offerings to reach price equilibrium. Whereby supply meets demand. James should be the beneficiary of his efforts. The result would be better for everyone. James makes more money, and then to increase his net revenue would invest more in his company to increase production (and in the process lower his production costs) to capture that last dollar. Ultimately prices would come down because price equilibrium would be lower. I knew Econ 1 would come in handy one day............