For most of my life, before I took woodworking more seriously, buying lumber has been a pretty basic exchange. It's all structurally made up of the same fibers within a given species so the factors for price are mainly what kind of wood it is and volume. I never gave it more thought than that. Last week, however, I was at a Woodcraft store looking for some small boards for smaller projects. Given the lesser amount needed I decided to splurge on some fancy stuff like Padouk that I wouldn't be able to afford for bigger projects like furniture. $45 for a board that measures 3/4"x6"x36". Pretty spendy stuff but it sure is beautiful. Anyway, as I was looking through the boards they had I noticed that some of them had some significant defects. Like one of the 3/4" thick boards had a 1/4" bow in it. Despite that, the price for each board was the same for a given volume. Is that a big screwy or am I missing something here?
If I bought that board with a bow in it, I'd be lucky to get 1/2" of thickness out of it after planing. So shouldn't that board be priced like a 1/2" thick board rather than a 3/4" thick board?
Long story short I realized that there's either something I don't understand about how lumber yards/retailers calculate and price wood, or the whole process is overly-simplistic and I should be very picky in going through lumber. Thoughts?