26 Jan
2004
26 Jan
'04
2:52 p.m.
On Mon, 26 Jan 2004, Teo Zenios wrote:
So basically instead of going by supply and demand
your saying that because
an item means more to you today it should be worth a few times more then
what it sold for a few years ago?
Yes.
As time goes on, statistics show that less of an item becomes available to
the market. This could result from a car flying into a house at high
speed and destroying an item, or the insatiable hunger of a scrapper's
smelter.
Also, historical value has to be taken into account when valuing
something. As time goes on, our perspectives may shift and an item that
was not as important before may take on new relevance.
I don't understand that logic. By saying something
is more deserving and
having more refined tastes over time just means an item is worth more to you
for reasons other then market conditions.
True, but if I make a compelling case for it and other people agree, then
I've just altered the market. Your idea of the "market" might be too
simplistic.
An apple I is worth what it is because of its rarity,
significance in the
industry, and because there are allot of loyal apple users who are
collectors. If apple died in 1990 and its loyal user base switched to Linux
the value of the apple I would drop quite a bit because demand would also
drop. Demand for anything collectible changes with tastes, availability,
financial standing of the collectors interested in the item, and condition.
See? You just validated my point.
What an item deserves to have as a value just
isn't factored in.
Yes it is.
--
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