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<p>[QUOTE="all_fakes, post: 133528, member: 55"]I don't think anyone is going to change their views based on anything I say, but I do have some thoughts:</p><p><br /></p><p>1) In both the world of art, and in the collecting of antiques, objects have a value that is not defined by how difficult or time-consuming they were to make, but on a number of factors, which tend to change over time, including a) rarity and b) popularity and therefore c) what bidders are willing to pay at auction.</p><p><br /></p><p>2) The views of any individual, that is, what they find attractive, may be wildly different that the value found in 1) above. It is quite common for items, defined as valuable because they sell at auction for lots of money, to be unappealing to some people. I may not find the Mona Lisa interesting or attractive; it is still a very valuable painting. A painting does not become worthless just because a particular individual doesn't like it. But it may become worthless if nobody likes it.</p><p><br /></p><p>3) There are numerous examples of both 1) and 2); in another thread was a video about how an old blanket sold for 1.5 million dollars; a lot of people might say it was not worth that. One bidder thought it was; an unknown number of other bidders thought it was worth at least 1.4 million. There were probably folks who would not have paid $5 for it if they saw it at Goodwill.</p><p><br /></p><p>4) I offer no opinion as to the validity of the points above, but I do believe that is how "value" works; and I do have my own opinions as to what I personally find valuable.[/QUOTE]</p><p><br /></p>
[QUOTE="all_fakes, post: 133528, member: 55"]I don't think anyone is going to change their views based on anything I say, but I do have some thoughts: 1) In both the world of art, and in the collecting of antiques, objects have a value that is not defined by how difficult or time-consuming they were to make, but on a number of factors, which tend to change over time, including a) rarity and b) popularity and therefore c) what bidders are willing to pay at auction. 2) The views of any individual, that is, what they find attractive, may be wildly different that the value found in 1) above. It is quite common for items, defined as valuable because they sell at auction for lots of money, to be unappealing to some people. I may not find the Mona Lisa interesting or attractive; it is still a very valuable painting. A painting does not become worthless just because a particular individual doesn't like it. But it may become worthless if nobody likes it. 3) There are numerous examples of both 1) and 2); in another thread was a video about how an old blanket sold for 1.5 million dollars; a lot of people might say it was not worth that. One bidder thought it was; an unknown number of other bidders thought it was worth at least 1.4 million. There were probably folks who would not have paid $5 for it if they saw it at Goodwill. 4) I offer no opinion as to the validity of the points above, but I do believe that is how "value" works; and I do have my own opinions as to what I personally find valuable.[/QUOTE]
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