five said:I was under the impression that custom cues held their value. That is not the case?
There are custom cues and there are colectible cues. It may not be apparent which is which until years later. If you buy a custom cue used, they hold their value and often appreciate if they become collectible.
If you buy a custom cue new, the vast majority depreciate quite a bit. Part of this is the dealer/reseller discounting. Part of it is that there are too many good cues and cuemakers for the market. I would say the typical custom depreciates 20% to 50% immediately.
There are exceptions. Certain cuemakers, like Tascarella, Kersenbrock, Barry Szamboti and Southwest, are so backed up and production is so slow that players pay a premium for the cues. For example, the Southwests you see reselling for $1700 - $2000 can be purchased direct from Southwest for $1300. However, there is a several year wait (I hear).
The high end custom cue market is very soft. I read about a guy who commissioned a famous maker cue for $18,000. He used the word "invested". He was trying to sell it. I figured he could get $4,000 - $5,000 for it. Unless a cue is famous, has won awards, etc., forget the big bucks.
Chris