I have a few, but I'm not even sure that a $200 pen is "worth it." I've never spent $700 on a pen. I once considered $550 for a Nakaya, but couldn't talk myself into it.
But, I look at it this way: the disposable ballpoint I got for free at my last conference does the same job as my most expensive pen (a Pilot Justus 95). They both write. But something made me by that Pilot.
I want a comfortable pen that makes me forget about the pen and just write. The words appear and I don't even think about the pen. The Pilot does that. Admittedly, so do my Noodler's Konrads. So it must be more than this.
The Pilot looks good. It feels good. It writes well. (Something is making me question the grammar in those sentences: shouldn't they have consistent "good" or "well?") There is a certain amount of craftsmanship to my mass produced Pilot that is not present in the ballpoint or the Noodler's. It's very well made and well balanced. The mechanical aspects of the pen are cool as well.
I could not justify the $550 Nakaya I was looking at a while back. I saved for it, reached my goal early, and never bought it. I still think it's a gorgeous pen, and I would buy it at a lower price. But at $550, there just wasn't enough of that intangible something in that pen to convince me to buy it.
The truth is, there is a lot of emotion tied up in this, and emotion cannot be justified logically. I was willing to buy an overpriced Platinum 3776 Yamanaka. But, for several hundred more, the Nakaya is not worth it.
The way I figure it is that emotionally, I have to feel good about a purchase, whether that makes sense or not. If I don't feel good about it, I will not enjoy it. At this price point, logical thinking is no longer a thing.
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