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Showing posts from February, 2018

The Great Puccini Gong Sale

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What is something worth?

There are various factors that figure into an answer to this question. For the seller, often times emotion plays a big part in selling something. If it's been in the family for a long time, there is a very strong emotional value. “This item belonged to my mother/father/spouse/child/etc.” There is a bond with that item. While this is very real to the seller, it is a perceived value, based on their own emotional connection to the item. Now unless the buyer is family or a friend, they may not have, or see, any emotional value to the item.

There's also historical value. The item being sold may have once been owned or used by some historical figure. Or it comes from some historical time or place. Historical value is tricky. If I were to say, “This item was once owned byX,” but you either don't know who X was, or don't care, you won't share in the same sense of historical value.

Then there's actual value, which is based on the recent selling pri…