Yup....cues always have. The number of points and inlays in a cue's design, not veneers, determines a cue level rating. The higher the level rating, typically and customarily speaking, the greater the market vaue, all things being equal, of course.
Level 2: 0 points, 0 - 25 inlays
Level 3: 2-6 points, 0- 6 inlays
Level 4: 4 - 10 points, 9 - 25 inlays
Level 5: 0 - 12 points, 26 - 50 inlays
Level 6: 0 - 12 points, 51 - 75 inlays
Level 7: 0 - 12 points, 76 - 125 inlays
Level 8: 4 or > points, > 125 inlays
The difference in value for some esteemed cue-makers can involve several thousands of dollars difference between simply a Level 2 cue and a Level 5, let alone a Level 7 cue or Level 8 where the price difference can be amazingly huge. When the cue-maker has passed or is retired from cue-making like Tim Scruggs, Paul Mottey, Bill Stroud, Verl Horn, or say recently passed Tad Kohara just to name a few, the cue acquires a much greater intrinsic value than when the cue-maker was still actively making cues. And then supply and demand take over which are totally influenced by the scarcity and rarity of the specific cue in question.........amplifly that by the Level rating of the cue which is essentially a base line value for that particular cue-maker's cues in general.
Yup, there are levels for pool cues and it's very, very, very important......you could spend $1800 on an Ed Prewitt Merry Widow cue or $7-8,000 for a Level 7 or 8 Ed Prewitt cues. A used Ed Prewitt in excellent condition that's a Level 5 cues typically will fetch between $4500 -$6000. A Level 2 Ginacue is worth at around two grand but a Level 6 Ginacue is worth more like seven thousand and that's just the general price difference and actual can be even much greater. Richard Black's fanciest cues fetch tens of thousands of dollars and he's still actively making cues.
I know about the price of Ed Prewitt cues with some certainty since I've been looking for a Level 5 cue the past 2 years. It could be my final, ultimate cue purchase after my custom gets finished next year.......Prewitt is just a spectacular cue-maker in my opinion........and the price difference in various Levels of Ed Prewitt cues can be friggin' enormous, as it is for a lot of other greatly heralded cue-makers. There's a lot more to a cue's value than just some points and a few veneers......Yup, Level ratings are involved too.