A couple other words that should be entertained here are, "rarity", and "efficiency".

Steve only has maybe 2500 hrs to use per year. Similarly for all of the fabulous craftsmen around the world. Steve's work is distinguished by it's rarity. Medium grade work is not rare.

In an efficient market, rarity has value.
I think in their prime, London and Birmingham operated as efficient markets. Same for Leige, Suhl, Gardone, etc., and other concentrated firearms manufacturing sites.
The US firearms market is very efficient.

I said Steve [by no means to the exclusion of other craftsmen(and women) worldwide], because he posted such beautiful photos of very rare work.


Anything I may have posted is in support of a full spectrum of price/utility values.

Out there doing it best I can.