At 07:58 PM 6/10/98 -0500, Doug Yowza wrote:
auctions. I'd suggest that the exact opposite is
true. Whenever somebody
asks this list "how much is this thing worth", the answer is invariably
"whatever somebody is willing to pay". Basically, valuation of
collectibles is a democratic process not an analytical one belonging to
some exclusive domain of experts.
Exactly, hence the value of an auction environment. That is what "whatever
someone is willing to pay" means, isn't it?
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