Yeah, I’ve seen the same pattern with knives. If you just want a decent kitchen knife, you’ll find tons of people who are absolutely certain, that it’s physically impossible to cut anything unless the blade has been sharpened by a Japanese virgin under moonlight.
I assume, the value for money curve is a sigmoidal, where at a certain, relatively low price you get almost all the value and afterwards it only gets more expensive, but not better. But you never know, when you’ve reached the plateau.
I got a chef’s knife as a gift. I was a bit put out that came from Wilko (a very budget brand) and it turned out to be absolutely excellent. I think it won’t have cost any more than £20. I am astounded that anyone apart from professionals pays more than £100 for a knife, never mind the even more insane prices you can pay
