While I agree that it is good to support small business and that it is not productive to tell Spencer how to run his business (which is why I chose not to email him), I believe that your argument is missing some critical context.
- You write as if this situation is the fault of consumers. It's not. It is of Spencer's own making. He has the right to do what he wants, but his customers also have the right to question and to criticize. If his priority were curtailing flippers, he would produce more pedals, release them regularly, and communicate his intent to continue to do so. (See my earlier post for more on this.) The fact that he has not announced any such plans only fuels the uncertainty than has surrounded the brand for several years now.
- You say that many Doom 2s have sold for $900 or $1000--that's true, but the bulk of those sales happened at the height of the pandemic in 2021 and 2022 when the whole boutique pedal market was inflated--and, crucially, when Spencer disappeared (no one was able to contact him) and 3 Leaf Audio seemed to have closed. The average prices have considerably dropped in the past year. I know, because I bought or traded for 4 Doom 2s, 1 Octabvre MKII, 1 Octabvre MKIII, and 1 Chromatron on the secondhand market between August 2022 and the start of this latest 3 Leaf Audio activity.
- Just because flippers are listing at $1000 doesn't mean people are buying at that price. People can list pedals for whatever they want. That's not meaningful data in and of itself.
- You write that "Some people buy and feed the scammers." Very true. But inflating the price of the Octabvre MKIII (which is effectively what's happening here since most people won't use an on-board preamp) validates those higher prices.
- Does anyone really care that the pedal is new? The thriving secondhand pedal market suggests consumers primarily care that a pedal works, not whether it's new or not. I don't see how this is a serious selling point. The unique "Miami" finish perhaps, but the "new" status? Naw.
- Your are right that getting a preamp isn't a bad thing. They do look interesting. I remember checking them out when they first appeared on the website. But compelling customers to buy one is manipulative. If Spencer wants or needs to sell them to recoup capital or to just get more folks experiencing them, then he should have offered an optional preamp add-on at a discount. I bet a lot of people would have been curious to try them out.
- The pedals selling out in under a minute isn't toxic market behavior. Nor does it "fail to support the producer." Quite the opposite. (Again, see my previous post for how to address the rapid sales.)
I've defended Spencer's approach many times, but not this time.
My previous message does not lack any context, we just slightly disagree on a few points, which is fine.
1. I do consider it is the customers fault for the situation. Of course, not all of them, but flippers that purchased from Spencer are customers too.
Of course we're all free to question and criticize, but we're also free to pass, buy used, or buy a totally different brand.
Of course, producing more, and assuring that there will be more pedals in the future helps fight impatience and uncertainty and thus inflation. But what if we does not want to produce more, or what if he can't ? I see the production size as a fixed variable.
2. You're certainly right. Yet the cheapest DOOM2 of the last batch sold for $525 on Reverb. The most expensive sold for $1100, and
the average price is $885.
3. You can check what an item sold for on Reverb. While there is room for manipulation, I consider this does not totally invalidate the market situation Reverb depicts. Customers do buy 3 Leaf pedals for $600 and more on Reverb.
4.Agree. But with fixed quantities, increasing the price is the only rational decision to take.
5. At least, I do care. I like keeping my items as mint as possible. I don't consider myself collecting pedals, but considering myself a strict collector in different hobbies, I prefer buying a pedal new and complete.
6. I guess he needs to sell them and do not want to bargain them.Which I understand. But that is indeed a curious way to sell them.
7. No. I meant that buying from the producer in order to sell on Reverb with a 100 / 150% price increase, and actually finding a customer that is OK with that price is toxic.
In the end, he could have just increase the price to $500 without any explanation in order to be closer to the secondary market's average price. An yet, the pedals would still sell for this price ...
In the end, this frustration looks a lot like a communication problem. Not a price problem.