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.
--
Sellam Ismail Vintage Computer Festival
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Received on Mon Jan 26 2004 - 14:52:48 GMT