On today’s Wood Talk “Weekend Edition” we’re talking about the value of our work and how we determine it.
Todays show was inspired by an email from Anthony:
I have a questions regarding the monetary value we place on craftsmanship today as opposed to that of earlier generations. Example George Washington paid $145.00 for an ornate secretary bookcase [Mt Vernon virtual tour] in 1797. Aside from the obvious historical value, if simply adjusted for inflation the same item would cost roughly $3,800.00 today[measuringworth.com]. Not an outrageous sum but in all honesty I doubt it could be replicated for 5 times that amount today. It would appear that this kind of hand built quality has become more out of reach than ever before. How do we put a price on the pieces we build that justifies the labor and material but also make them accessible to those that appreciate what we do? Marc how much for that sculpted rocker?