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Well the Patagonia Japan allotment has already sold out and I bet there will be several hundred of these seen in/around Everest base camp in the coming months.
I've seen old Golite daypacks sell on auction for more than $1000 I assume to collectors, so I don't see why folks are ragging on about the price, especially since it comes with what essentially a free lifetime service warranty over and above Patagonia's already excellent satisfaction guaranteed policy.
Being a limited 1000 piece production run, an individually numbered jacket will certainly lend itself to collector popularity. In a few years, I bet we will see posts here speculating which numbers are "best" and thus worth more due to micro details in production or what famous personality wore it. As with the Google IPO, I will wager $700 is the lowest price we will ever see for this jacket.
That said, Patagonia has already indicated they plan on pushing Encapsil into the rest of the down product line so cheaper jackets are a certainty. I hope so, since this jacket is actually too warm for the typical winter conditions I expect/want to hike in.
Actually, I hope they start making sleeping bags with this stuff too. The only question is if more reasonably priced Encapsil products will also offer free cleaning services or will they turn that into the profit center, like blades for your razor or ink for your printer.
Edited by rmjapan on 03/02/2013 16:07:35 MST.
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