Hi, all,

   All good points, Seth, and I think another aspect is the desires of the
   lute builders.  If one perfected the $500 lute, one would end up
   running a factory, not making instruments.  Most lute builders, I
   suspect, would rather make instruments than run a factory.  And
   conversely, as you and others say, there's not enough of a market for
   lutes to make it interesting to the people who aspire to run factories.



   On the shakuhachi example, about which I know a little:  don't forget
   the shakuhachi mid-range, made of wood, for about $250.  Also, I think
   the plastics are up to about $120, but who's counting?  BTW, there are
   also "shakuhachi" made in Pakistan (probably the same guys):
   thin-walled, poorly tuned, awful tone, but people play 'em.  Not to
   mention the American-made hippie shakuhachi of the '70's.



   Best, and keep the factory running,

   Chris.
   >>> Seth Appel <[email protected]> 9/30/2009 5:32 PM >>>
      Thanks for the thoughtful and passionate responses.  Apologies to
      Bruno! Didn't mean to upset anyone's sensibilities.
      Items are worth what people are willing to pay - obviously - but
   it's
      actually more complicated then that.  An iphone was $700 a few years
      ago, and now they are $200.  Are they now worth less $?  No, not
      really.  It's just that Apple Executives knew there was a group of
      people willing to pay triple the price in order to be the first
   movers
      and they wanted to extract these extra profits before rolling out a
      cheaper price for the masses.
      Is a grade A lute worth $5,000 or $500?  For many people there worth
      $10,000 and for many others they are worth about $100, or even zero.
      Some might think there is only one point where supply equals demand
   and
      that is the cost the market produces.  (In this case $3,000 to
   $5,000)
      But actually those price points are just averages.  There are plenty
   of
      people willing to pay more and many others less for the same
      product.  Airlines take advantage of this by selling the same
   tickets
      to many different people at vastly different prices through many
      channels.
      Likewise I suspect there is another price point where the supply and
      demand for a quality masss produced lute meets at around $500 and
      sooner or later someone is going to create the right product for
   that
      market.
      Here is a very relevant example:  Japanese Shakuhachi (bamboo
   flutes)
      cost anywhere from $2,000 to $10,000.  And everyone bemoaned the
   lack
      of options for the working man.   And eventually someone developed a
      mass produced plastic version for $75 which has sold tens of
      thousands.  Of course top level performers and purists think the
      plastic version is a crime against all art, but plenty of people are
      now happily playing shakuhachi music on their plastic cheapo copies
      that sound pretty good all things considered.  (And who would not be
      playing at all without this option.)
      So, no offense intended, but I do think it is possible to mass
   produce
      a passable lute.  It's just a matter of there being a large enough
      market to justify the initial start up cost.
      --
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References

   1. http://www.cs.dartmouth.edu/~wbc/lute

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