"The Return of Feltman's" (1281173) | |
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Re: ''The Return of Feltman's'' |
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Posted by Dave on Wed Apr 15 10:50:08 2015, in response to "The Return of Feltman's", posted by SLRT on Wed Apr 15 10:24:28 2015. Neat! |
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(1281223) | |
Re: ''The Return of Feltman's'' |
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Posted by Allan on Wed Apr 15 15:54:19 2015, in response to "The Return of Feltman's", posted by SLRT on Wed Apr 15 10:24:28 2015. At the Coney Island stores a Nathan's hot dog is $4.15 (this restaurant is owned and run by Nathan's).It is a bit less at other Nathan's (franchised( stores. Well, Mr. Quinn is welcome to try. Whether he will succeed remains to be seen. Someone tried to undercut Nathan's a few years ago (Chicago Hot Dog)and had opened a store across the street from Nathan's. The place wasn't open for more than a couple of years. |
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(1281229) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Wed Apr 15 16:27:25 2015, in response to Re: ''The Return of Feltman's'', posted by Allan on Wed Apr 15 15:54:19 2015. $4.15 for a hot dog, even a Nathan's hot dog, is ridiculous. So much for the market principle that volume creates economies of scale that lower prices. |
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(1281231) | |
Re: ''The Return of Feltman's'' |
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Posted by SelkirkTMO on Wed Apr 15 16:50:12 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Wed Apr 15 16:27:25 2015. The "invisible hand" long ago turned into the "black hand." :(© Corporate States of America, All rights reserved. |
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(1281232) | |
Re: ''The Return of Feltman's'' |
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Posted by SMAZ on Wed Apr 15 16:56:23 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Wed Apr 15 16:27:25 2015. So much for the market principle that volume creates economies of scale that lower prices.There is also the market principle that pricing is based on what the market can bear. Consumers feel that paying $4.15 for a frank at THE Nathan's on CI is worth the price. |
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(1281233) | |
Re: ''The Return of Feltman's'' |
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Posted by Newkirk Images on Wed Apr 15 16:57:59 2015, in response to "The Return of Feltman's", posted by SLRT on Wed Apr 15 10:24:28 2015. |
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(1281234) | |
Re: ''The Return of Feltman's'' |
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Posted by SelkirkTMO on Wed Apr 15 17:04:10 2015, in response to Re: ''The Return of Feltman's'', posted by Newkirk Images on Wed Apr 15 16:57:59 2015. Moxie right across the street. Doesn't get any more real than that! |
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(1281363) | |
Re: ''The Return of Feltman's'' |
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Posted by Dan on Thu Apr 16 11:03:20 2015, in response to Re: ''The Return of Feltman's'', posted by Newkirk Images on Wed Apr 15 16:57:59 2015. Great postcard, appears to be sometime in the 1920s. |
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(1281500) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 09:32:10 2015, in response to Re: ''The Return of Feltman's'', posted by SMAZ on Wed Apr 15 16:56:23 2015. Then they should charge 15 cents for the frank and $4 for the experience.Back in the day (1950s) the hot dog tended to match the subway fare. Back then they were both 15c. A bag of fries was 5 cents and a cone was 10 cents; that soon increased to 10 and 15 respectively. And I can hear you saying "yeah, yeah, old man, that's 1950s money." According to Bureau of Labor Statistics, the 1958 15 cents would now be $1.22. A far cry from more than $4. http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=0.15&year1=1958&year2=2015 |
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(1281507) | |
Re: ''The Return of Feltman's'' |
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Posted by Spider-Pig on Fri Apr 17 10:00:21 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Fri Apr 17 09:32:10 2015. General inflation stats aren't a perfect way of determining price equivalents because different things inflate at different rates.That having been said, Nathan's Coney Island charges those prices because it's a landmark and they can get away with it. |
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(1281509) | |
Re: ''The Return of Feltman's'' |
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Posted by SMAZ on Fri Apr 17 10:06:51 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Fri Apr 17 09:32:10 2015. the 1958 15 cents would now be $1.22. A far cry from more than $4.The average price for a frank in NY is still about equal to that of the subway fare. The price at Nathan's flagship location does not need to follow that because it doesn't compete with the average hot dog vendor. It's a world-renowned institution of its own and people are willing to spend twice the amount for an Original Nathan's frank. You seem to be calling for mandated price controls or some other anti-market initiative. |
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(1281510) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 10:07:46 2015, in response to Re: ''The Return of Feltman's'', posted by Spider-Pig on Fri Apr 17 10:00:21 2015. OK, a more dog-to-dog comparison. In the same era a good cart hotdog (e.g., Sabrett's) was 10 cents, with the usual toppings (mustard, onions, sauerkraut). How much for that now? If the answer is much less than $2.77 my point is made. |
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(1281511) | |
Re: ''The Return of Feltman's'' |
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Posted by SMAZ on Fri Apr 17 10:11:35 2015, in response to Re: ''The Return of Feltman's'', posted by Spider-Pig on Fri Apr 17 10:00:21 2015. Exactly!Comparing Nathan's flagship to the price of his favorite local stand in 1958 is absurd. |
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(1281514) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 10:15:18 2015, in response to Re: ''The Return of Feltman's'', posted by SMAZ on Fri Apr 17 10:11:35 2015. My 15 cent price in 1958 WAS Nathan's, not "my favorite local stand." |
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(1281518) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 10:17:28 2015, in response to Re: ''The Return of Feltman's'', posted by SMAZ on Fri Apr 17 10:06:51 2015. You seem to be calling for mandated price controls or some other anti-market initiative.I do? Saying something is priced too high is a call for regulation? You're thinking like a progressive. Your choice and my choice is not to buy it. And I won't. |
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(1281519) | |
Re: ''The Return of Feltman's'' |
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Posted by Spider-Pig on Fri Apr 17 10:19:49 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Fri Apr 17 10:15:18 2015. In 1958 Nathan's had not yet developed into the landmark business that it is now. |
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(1281520) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 10:27:59 2015, in response to Re: ''The Return of Feltman's'', posted by Spider-Pig on Fri Apr 17 10:19:49 2015. Bullshit. |
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(1281521) | |
Re: ''The Return of Feltman's'' |
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Posted by Spider-Pig on Fri Apr 17 10:28:28 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Fri Apr 17 10:27:59 2015. Not bullshit. |
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(1281522) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 10:35:02 2015, in response to Re: ''The Return of Feltman's'', posted by Spider-Pig on Fri Apr 17 10:28:28 2015. If anything has changed since 1958, it's not Nathan's, it's the herd of Millennial Foodies who are willing to pay much too much for something they deem trendy and unique. In that sense a fad (which is what it is at base) is a market force.People are also willing to wait on long lines and suffer other customer abuse that people didn't put up with if they had a choice. In this sense, I'm hoping "Feltman's" succeeds with their two-dollar hot dog. What Nathan's doesn't have any more is competition. |
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(1281527) | |
Re: ''The Return of Feltman's'' |
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Posted by Spider-Pig on Fri Apr 17 10:50:27 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Fri Apr 17 10:35:02 2015. Nathan's had such high prices back during the 1990s and early 2000s when there weren't "millennial foodies." And in any event, I see way more people than just "millennial foodies" at Nathan's.Nathan's does have competition in that there are other places to eat in Coney Island, including hot dogs. There are other examples of overpriced casual restaurants in New York City. I'm pretty sure that before it was trendy, Katz Deli did not charge $20 (in 2015 prices) for a pastrami sandwich. In 1958 enough people didn't associate hot dogs in Coney Island with some kind of classic experience that they would be willing to pay extra for it. |
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(1281529) | |
Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 11:10:50 2015, in response to Re: ''The Return of Feltman's'', posted by Spider-Pig on Fri Apr 17 10:50:27 2015. Between you and me and OT Chat, do you think eating a hot dog at Nathan's is a classic experience?I suppose I shouldn't complain too much. The alternative would be Coney Island being a run-down no-man's land, its apparent ending fate during most of my life. |
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(1281531) | |
Re: ''The Return of Feltman's'' |
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Posted by Spider-Pig on Fri Apr 17 11:16:07 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Fri Apr 17 11:10:50 2015. Yes, it is. However Nathan's CI honors coupons intended for their other outlets, so I only go there when I get those. |
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Re: ''The Return of Feltman's'' |
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Posted by SMAZ on Fri Apr 17 12:14:44 2015, in response to Re: ''The Return of Feltman's'', posted by SLRT on Fri Apr 17 10:27:59 2015. In 1958 was CI's Nathan's was an historically world-renowned establishment?In 1958 was CI's Nathan's sponsoring the internationally watched hot dog-eating contest? In 1958 could you find Nathan's hot dogs in supermarkets everywhere in America? Back then, Nathan's was just another local hot dog chain. In the same category as today's Crown Fried Chicken when it comes to chicken. Or as Spider-Pig said, what Katz's was to delis. Just one of many. Truth is that in 1958 Coney Island was one big junkyard in steep decline and such a place was not where a visitor would go to experience the "quintessential NYC experience" as they do now. It was a place to be avoided. |
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Re: ''The Return of Feltman's'' |
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Posted by SLRT on Fri Apr 17 14:17:47 2015, in response to Re: ''The Return of Feltman's'', posted by SMAZ on Fri Apr 17 12:14:44 2015. [It's where a] visitor [from Dubuque] would go to experience the "quintessential NYC experience" as they do now. |
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(1281571) | |
Re: ''The Return of Feltman's'' |
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Posted by orange blossom special on Fri Apr 17 18:33:22 2015, in response to "The Return of Feltman's", posted by SLRT on Wed Apr 15 10:24:28 2015. I was in love, until they mentioned pork. |
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(1281696) | |
Re: ''The Return of Feltman's'' |
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Posted by Newkirk Images on Sat Apr 18 16:30:09 2015, in response to Re: ''The Return of Feltman's'', posted by SMAZ on Fri Apr 17 12:14:44 2015. Truth is that in 1958 Coney Island was one big junkyard in steep decline and such a place was not where a visitor would go to experience the "quintessential NYC experience" as they do now.It was a place to be avoided. I don't remember Coney Island in steep decline in 1958. Steep decline happened after the World's Fair drew people away from Coney island. By the late 60's, Coney island was a place to be avoided. Bill >b>Newkirk |
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