My character on Dwilight has consistently held on to 2-3 items at the same time. He's only ever lost any due to getting wounded. If you can find a skilled advy with lots of items on hand, then you pretty much have a private repair shop on hand.
On a side note, do items degrade more slowly as they gain prestige, or is it random? My +7 item decays much much slower than my +2 item.
