I have actually given up trying to figure out 'pete' pricing. I get the whole supply and demand thing on certain makers, but then I see some newer/lesser known makers who are pricing them a bit high, IMHO.
I have no issue paying more when I know that either the maker crafted their own blank OR they at least supplied the blank maker with superior quality woods from their own stock.
I do have issue with a lesser known maker charging....oh let's say hypothetically...$500 for a pete they paid well under $100 for the blank for, and did little more than possible add a ring or two, when for the same kinda money, I can get a Josey where the added work is quite apparent.
I am not doggin' anyone here, and a maker will charge what he thinks his work will bring...and if it doesn't, well a price adjustment might be in order.
I know what I am willing to pay for a 'pete' from different makers...and for different reasons. It's not that I am 'tight' with my money or am trying to get something for less....I just know whose 'petes' have value to ME.
I feel that this magical $500 price-point should be a benchmark for many of the lesser known makers, and not a starting point....but again, that is just my opinion.
Lisa