The early momentum is great, but the problem is sales will basically stop after the price hits a certain level.

Seems like a pretty good way of finding out an upper limit to a sustainable logo sales business. Increase prices until people stop buying, relaunch with logos a bit below that cost.

I agree, seems like a great price experiment if nothing else.

This is a promotion to make people excited about the logos that this guy creates. The pricing of the individual logos is irrelevant outside of the promotional value they give to the designer.

Adding some tension like this increases perceived value, and watching other people take logos due to the raising price makes the perceived value go up even more.

>sales will basically stop after the price hits a certain level //

Sales from the site, but not referral sales for bespoke logos.

Also it helps to provide information as to the price that people will pay for logos.

yeah just like at apple where people stop paying absurd prices for stuff ;D