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11th March 2015, 09:24 AM #1SENIOR MEMBER
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Australian cedar pricing / for sale
I'm posting this on behalf of a friend who has some Australian cedar to sell. I'd be interested in any offers that i can pass on, but also any indication from you about what price they should reasonably be trying to get for them if sold elsewhere.
2 x 2mtrs x 86cms x 3.5cms Australian Cedar. The heritage seems to be from Marrickville Council & could be at least 100 years old. Some friends have had it well over 20 years with all intention of making something, like a dining room table from it. The owner worked for Marrickville council. They have never done anything with it except kept it well stored.
The owner is considering selling at auction or contact a hand made furniture company/cabinet maker. If anyone here could help price these, I would be really grateful. If anyone is interested in buying them, the owner lives at Burringbar NSW (up near Byron).
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11th March 2015, 10:33 AM #2
I'm running off memory Simon, but as I recall about $4000 per m³. Nice wide boards like those could be between that and whatever the market will stand......
rustynail is the guy to ask.
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11th March 2015, 10:41 AM #3SENIOR MEMBER
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11th March 2015, 11:59 AM #4GOLD MEMBER
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Prices are very much determined by quality. Could be anywhere between $4k and $10k per cube. Long wides bring a premium. Colour and figure also.
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12th March 2015, 11:23 PM #5
As Rustynail says, will depend greatly on colour/grain etc. Also is it dressed or rough sawn? If rough sawn then 35mm is pretty thin for a 860mm wide slab.
Neil____________________________________________Every day presents an opportunity to learn something new
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13th March 2015, 05:42 AM #6SENIOR MEMBER
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13th March 2015, 11:52 PM #7GOLD MEMBER
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Those are retail prices. Retail prices are rarely achieved by non-retail sources. In my exprrience it is a mistake to try to sell at high prices. Like anything else overpriced it becomes "tired" in the market place and people either keep it out of frustration or else end up selling it for less. On the forums the expensive items do not do well. They could try offering to one of the forum retailers like the Wards or TGCreations (Trevor Gaskell) and that will give them wholesale value, or else put up for auction to test the market. As the knowledgeable one says, it depends on quality, but it also depends on how much woodworkers can afford!
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14th March 2015, 02:34 PM #8GOLD MEMBER
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As I understand it, the gentleman is offering two boards for sale. Im sure you would agree this does not constitute a marketable wholesale parcel. Therefore it would be sensible to look at an end user as the purchaser. The price would still be within the bounds I originally suggested. The lower representing the whole sale levels, the higher being the maximum one could expect at retail.
It is sad that our exotic timbers are being subjected to market forces, with their value eroded by bargain hunters.
Over the years, I have attended many timber auctions. Particularly Cedar auctions, both in sawn and log form. Rarely have I seen good material sell for below $4k/m3 or over
$10k/m3. So I think those rates could be taken as a fair indication.
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14th March 2015, 02:36 PM #9SENIOR MEMBER
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14th March 2015, 02:59 PM #10
Well, to apply the prices suggested:
a 200 x 86 x 3.5 cm board is 0.06 m³
and there are two of them so 0.12m³
at $4000 per would be $480
so that's $240 for a 2 metre board board that's 860mm wide and 35mm thick.
Seems quite reasonable for a rare timber in large size (as an end price).
Would I pay $600 for that same board (i.e. $10k per m³)?
No, even if it did have extraordinary figure, but maybe someone else might (although it seems unlikely).
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15th March 2015, 03:03 PM #11GOLD MEMBER
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Logs bring between $500 -$1000 /m3. Add to that sawing losses, sawing costs, freight etc etc and its not hard to come up with $4k/m3.
Specialty auctions are patronised by specialty users. The highest price I can remember Cedar selling for was $16000/m3. This was for two book matched pieces 4.8 long and 1.5 wide, exquisite figure and as flat as a tack. The purchaser informed me later that the commission they were destined for would have allowed him to go to $20000 per cube. Shame the other bidder didnt have similar commission awaiting material.
Brett, next time there is an auction, Im happy to take you.
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16th March 2015, 09:24 AM #12Intermediate Member
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regardless of the end result for this particular seller, this thread has been a interesting window into the behind the scenes of timber milling and pricing. thanks.
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16th March 2015, 10:38 AM #13
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18th March 2015, 06:38 AM #14GOLD MEMBER
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I read this the other day and walked away to cool down a little. Why, you might well ask???
its like this. Y'all can't count. Y'all can't do simple Maths. Y'all are scared of zeros. And y'all are scared to let the moths out of your wallets when you have good timber is in front of you. I say y'all but I know it's not everyone - just most hobby woodworkers. Here's why.
as soon as someone starts talking cube rates 99.9% of you are out of your depth, which would be okay except that in austalia cubic meters is the standard measuring unit for wholesale timber.
see, here's the thing. Go do the Maths on some of those pen blank packs that get snapped up like hot cakes here every Friday. Work out just what the market thinks is acceptable to pay for them, unseasoned, at a cubic meter rate. Then think about what they are... Offcuts, recycled stickers, bits of $h!t that while they might be nicely figured wouldn't even make dunnage in a commercial pack because they're too short.
now, I've got no problem with that. My issue lies in the fact that I know just how hard it's getting to source decent wide boards, and I know what premium they deserve, and hearing guys complain about the price of them gets old fast when you know what these same guys will pay for the aforementioned selection of offcuts.
why do you think a lot of timber merchants have shifted back to pricing by the board foot? Because y'all can't convert board foot to cube, that's why. The reality is that most people are either too stupid or too lazy to work out the numbers.
at four grand a cube I could buy those boards, rip them down, sell them here as pen blanks and double my money. Saying they shouldn't garner a premium as wide, well seasoned boards is failing to appreciate just how hard it is to source that stuff.
Y'all think good boards grow on trees or something???
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18th March 2015, 09:04 AM #15
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