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Can someone explain please?
Marketing...marketing...marketing... that's all.
It's all to do with 'What the market will bear'. My Dad was in business all his life, so I had this drummed into me.
If you have a product that costs 1p to make and there's no competition, you can charge 10p, 50p or even 100 pounds for it. Highly paid executives do research and determine what people are prepared to pay.
As soon as there's competition, prices will fall until they reach a point where everyone can sell to customers and still make a good profit.
Occasionally there will be an upset when cheaper products come along. eg Cheaper clarinets, brass instruments and saxophones from China and India.
Oboe manufacturers are where clarinets were about 10-20 years ago. They will charge high prices because not many people play the oboe, but also because they CAN charge high prices.
Like you, I would love to try the oboe, and I suspect many others would as well.
The quality of cheap chinese instruments is improving every day.
I'm just waiting for them to start making oboes. Should be fun when they do!
Steve