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saaaaaam 4 days ago

Value is arbitrary, and only crystallises at liquidation. I have a painting I paid £300 for. Works by that artist are now selling for £10000. Does that make my painting worth £10000? I can send it to be appraised but even if it is valued at £10000 that value could only ever be realised if I send it to auction. If I wait too long the artist may fall out of fashion and the work may be worth less than I paid. The real value is the pleasure it gives me each day when I look at it. Is that worth more or less than £10000?

vehementi 16 hours ago | parent [-]

Be that as it may, it's missing the illogical point the other person raised. If your $300 painting was worth $10k when it got stolen from you, but 7 years later the market value is $1M, you don't say "I was robbed of a million"