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Woodwork: What's a fair price for this?

Posted on 1/8/14 at 11:46 am
Posted by LSUengineer12
The Best Side
Member since Dec 2011
1850 posts
Posted on 1/8/14 at 11:46 am
Solid red oak octagon poker table. 51" wide.


Posted by Broke
AKA Buttercup
Member since Sep 2006
65044 posts
Posted on 1/8/14 at 11:52 am to
Probably $2500 and of course I have no idea. But that's what it looks like it's worth to me
Posted by PapaPogey
Baton Rouge
Member since Apr 2008
39480 posts
Posted on 1/8/14 at 12:04 pm to
500-700
Posted by LSUengineer12
The Best Side
Member since Dec 2011
1850 posts
Posted on 1/8/14 at 12:11 pm to
I was told material costs were around $550
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
83929 posts
Posted on 1/8/14 at 12:13 pm to
If you know the cost of materials, then ask how long it took.
Posted by convertedtiger
Baton Rouge
Member since Aug 2010
2786 posts
Posted on 1/8/14 at 12:15 pm to
Your problem will be that it will only sell to a small group of people that have the room for it. This will drastically affect the price. A FAIR price may well be $700 to $800 but a SELLING price would be around $400 to $500 to the right person.

ETA: I am guessing that you are looking to BUY it. In that case lowball them. That is a just a big piece of clutter in many peoples(wives) eyes.
This post was edited on 1/8/14 at 12:17 pm
Posted by POONHOUND
Member since Nov 2010
1505 posts
Posted on 1/8/14 at 12:19 pm to
I would say 1000 would be fair, maybe 1200. I like it. That's like custom guns though, or anything really, it's worth what you are willing to pay for it. I will overpay on some things if I really want it and feel like it's a one of a kind or more rare piece, which this seems to be.
This post was edited on 1/8/14 at 12:21 pm
Posted by PapaPogey
Baton Rouge
Member since Apr 2008
39480 posts
Posted on 1/8/14 at 12:20 pm to
In that case, figure out the cost of the time to build it and bam!, you have your price. Friend of mine has a gorgeous white oak table that he paid $500 for, and white oak is generally a little more expensive than red oak and I guess pretty moderately priced as far as hard wood goes. Like someone else said, it all depends on how bad you want to sell it.
Posted by LSUengineer12
The Best Side
Member since Dec 2011
1850 posts
Posted on 1/8/14 at 12:28 pm to
Couple buddies of mine built it. It was the first time they've made one like this. They sold for $1100, but I was telling them they should've sold it for more (around the $1,800 range). It's a nice piece, but I had no idea really. Unsure of how long it took them.
Posted by deaconjones35
Thibodaux
Member since Sep 2009
9801 posts
Posted on 1/8/14 at 12:31 pm to
quote:

They sold for $1100


It all depends on the consumer and demand. I would never pay that much for a table like that, but obviously there are people out there that will. My wife and I refurbish furniture and sell it. I am amazed what people pay for furniture that we find on side of the road and fix. But my wife is talented as far as making trash look really good.
Posted by ShubutaMS
5682 posts
Member since Aug 2013
1434 posts
Posted on 1/8/14 at 12:48 pm to
quote:



It all depends on the consumer and demand. I would never pay that much for a table like that, but obviously there are people out there that will. My wife and I refurbish furniture and sell it. I am amazed what people pay for furniture that we find on side of the road and fix. But my wife is talented as far as making trash look really good.



I need to start doing some of this. Not for money, just for myself. Really neat how someone can turn a 5$ flea market piece into what looks like an eclectic $250 piece. Don't know if I have that "flair" though.
Posted by deaconjones35
Thibodaux
Member since Sep 2009
9801 posts
Posted on 1/8/14 at 12:57 pm to
If you want to just do a piece or two, it's worth it. Doing it for money can be a hassle because you have to know what you are doing since you need to do it quickly without having to redo things.

You may risk losing your man card, but look at Pintrest. They have lots of ideas on what a piece can look like in different colors, finishes, etc. Also, have an electric sander handy. That's most of the work.

ETA: stay away from particle board crap. only real wood furniture.
This post was edited on 1/8/14 at 12:59 pm
Posted by TBoy
Kalamazoo
Member since Dec 2007
23698 posts
Posted on 1/8/14 at 1:00 pm to
Some here don't differentiate between a handmade oak poker table, and an oak poker table made in Indonesia and sold here. For a table made by a real carpenter, $2,500 is about right. For an Indonesian factory table or a finished table bought from an unfinished furniture store, $800.00.

I have my 8 foot dining room table made out of barn cypress by a real carpenter. Everything, from the legs to the top was made by the carpenter. It cost me $2,700.00.
Posted by Chad504boy
4 posts
Member since Feb 2005
166246 posts
Posted on 1/8/14 at 1:03 pm to
put it on craigslist for $2500, lots of dummies otu there.
Posted by bayoudude
Member since Dec 2007
24954 posts
Posted on 1/8/14 at 1:06 pm to
quote:

I was told material costs were around $550


I would think somewhere around $1100-1500 then. Double materials would be a good starting point. With things like that you can barely every get paid fairly for the hours spent on fabrication.
Posted by JPLIII
Broussard - terd supporter
Member since Jan 2008
22630 posts
Posted on 1/8/14 at 1:07 pm to
from the pics it looks like a great piece.....I'd guess 1200 - 1400 maybe?

eta: I'd be proud to have it.
This post was edited on 1/8/14 at 1:09 pm
Posted by A_bear
baton rouge
Member since Sep 2013
1963 posts
Posted on 1/8/14 at 3:45 pm to
Lsu engineer, who are you? I'm from port Allen too and I bet I know who made that table
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