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Pipes & Tobacco
General Pipe Discussion
Opinions Wanted;Effect of the Weak Dollar on Collecting
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<blockquote data-quote="glpease" data-source="post: 14134" data-attributes="member: 18"><p>That will depend on what happens to sales trands during the time that the dollar is in the tank. I spoke with one maker who told me he was getting clobbered in the US market. He's held his prices in Euros, and let the USD price rise accordingly. I'm sure he'd love to bring his prices back to where they were when the dollar had some strength.</p><p></p><p>Another I know has absorbed <em>some</em> of the decline, and reports his sales are quite steady, despite the increased price of his pipes. He has less incentive to lower them if the dollar recovers. In fact, he <em>needs</em> the dollar to recover at least somwhat to repay his losses.</p><p></p><p>There may be some benefit to North American makers to all of this, on the other hand. Whilst the cost of briar has certainly increased, they're still in a better position to gather some momentum now, more than ever before, especially amongst European collectors.</p><p></p><p>It will be interesting to observe the trends on the estate market. In that playground, it's a good time to be a seller.</p></blockquote><p></p>
[QUOTE="glpease, post: 14134, member: 18"] That will depend on what happens to sales trands during the time that the dollar is in the tank. I spoke with one maker who told me he was getting clobbered in the US market. He's held his prices in Euros, and let the USD price rise accordingly. I'm sure he'd love to bring his prices back to where they were when the dollar had some strength. Another I know has absorbed [i]some[/i] of the decline, and reports his sales are quite steady, despite the increased price of his pipes. He has less incentive to lower them if the dollar recovers. In fact, he [i]needs[/i] the dollar to recover at least somwhat to repay his losses. There may be some benefit to North American makers to all of this, on the other hand. Whilst the cost of briar has certainly increased, they're still in a better position to gather some momentum now, more than ever before, especially amongst European collectors. It will be interesting to observe the trends on the estate market. In that playground, it's a good time to be a seller. [/QUOTE]
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Opinions Wanted;Effect of the Weak Dollar on Collecting
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