Warren Buffett's repro Eames Lounge Chair
I was looking up which lounge chair Warren Buffett owns... he owns the largest furniture store in North America, Nebraska Furniture Mart.
His repro ELC might be a prudent investment.
http://www.nfm.com/DetailsPage.aspx?productid=37179926
"It would be nice if this int...
"It would be nice if this interesting discussion could be carried on without personal attack and gratuitous animosity. "
It would be nice if onegroovydude wasn't an autistic douchebag who doesn't understand basic economics. Get off my thread you sanctimonious cunt.
Value of an item
A couple of posters have alluded to this earlier in the thread, but all this talk of "value" and reselling does rather miss the point that you should buy something (art, furniture etc.) because you love it first and foremost. The last half of the thread gives the impression that the resale value of a (genuine) Eames lounger (or, by inference, any other piece of "name" furniture) is fixed, immutable, future-proof. It isn't; tastes are cyclical and the value of any piece of art can increase or decrease over time. You may not be able to flip that $3500 lounger for the same price you paid for it in 10 years time. Equally, it may be worth many times what you paid for it. I'm only in my mid-40s and yet I can remember a time (c. 25 years ago) when Eames furniture was NOT the cash-cow that many are treating it as now, and in fact could be picked up relatively cheaply. It was only of interest to architects and specifiers; the general public wanted something different (mostly beaten-metal baroque a la Mark Brazier-Jones and Andre Dubreuil). So if you want an Eames lounger because you love it, go for it. If you're looking for a sure bet, though....well, there's no such thing.
The very definition of irony
...............
"It would be nice if this interesting discussion could be carried on without personal attack and gratuitous animosity. "
It would be nice if onegroovydude wasn't an autistic douchebag who doesn't understand basic economics. Get off my thread you sanctimonious cunt.
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Yup, I love the Eames. I...
Yup, I love the Eames. I can stare at it for hours, its the greatest design in history, it is my meditation, blah blah blah. There, you happy?
Now that we have that out of the way, I was trying to talk prices. Prices are relevant in anything you buy, period. And yes, I know that these chairs have an intrinsic value of about $100, and they can easily be priced that in 5, 10, or 20 years. That said, no one wants to overpay on the exact day they buy something, even if it goes to $0 the very next day. Why is that such a hard concept for you people to understand. Either you're all reckless spendthrifts or have trust funds (or like to pretend you do)
LOL, garage sales? I don't...
LOL, garage sales? I don't have the time or inclination to devote years of my life to finding a chair. Wow, talk about First World Problems. Fight Club. This is not some holy grail self-actualization process for me.
I have decided on an Eames, and now want to click a button, and get on with my life. It's a chair to read on. One that might preserve some of it's resale value.
Once I get a handle on market prices, I'll bid accordingly on Ebay. I will stick to an unmodified original, most likely. Then again, that refub has multiple bids over $2000, so there's a market for that discount. Hell, maybe I *will* bid on that one after all. The price floor has already been established at $2200 with multiple bids. Plus the stank crusty jizz-soaked 40 year old cushions have been replaced.
PSA:
It looks like we have answer that can slice through all the pretentious rhetoric here.
The 2013 market value for a 1960s vintage Eames that has been recovered is $3300 [1]
[1] http://www.ebay.com/itm/330986040714?
Dude....
You're a buffoon. If someone told you it's worth at least $1,900, and then it sold for $3,300, where they wrong? If you won it for $1,900, only to find out you could sell it the next day for $3,000 would you not be happy? They didn't say it was worth no more than $1,900. If you knew how to comprehend intelligent communication, you would have picked that up. I'd hate to have asked for prices, and got advice from you. No telling how many thousands I would have lost by now. The price for a 1960's "Eames" chair in 2013 can range from $10 to $50,000. Do you even know if you're talking about the person or the era?
That particular Charles Eames lounge chair sold today at $3,300, but tomorrow could sell for $2,000. Next day $4,000 maybe. You don't know anything about variables, or you'd understand that there is no concrete answer, not alone tell everyone it's worth $3,300 for the whole year. You're not fit to judge a pie eating competition, not alone the market of Eames era furniture. Why did you even want it in the first place, when you said used furniture is creepy and disgusting? Maybe the dude jizzed all over the back, cuz he liked watching it slide down the wood. Why would you want anything used at all? Ever?
You talk a good talk, but you don't know shit really. Like a 10 year old that won the lottery, and is in charge of all of it. You shouldn't be in charge of finances for a lemonade stand, not alone multiple thousand dollar purchases....of anything. The only liquid asset you apparently know anything about is what was left on those cushions you keep trying to avoid. I think we know what your hobby is.
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