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Why? They didn't consume a bunch of resources or anything. They just relinquished their claim on said lots of resources to be the only guy in the world who gets

Why? They didn't consume a bunch of resources or anything. They just relinquished their claim on said lots of resources to be the only guy in the world who gets to have a certain bit of dirty old fabric. It sounds like a net win for everyone. Rich guy provides (what ostensibly is) 100's of $k worth of value to society and all he asks in return is dirty old jeans?! Fantastic.

hn_user2 11y ago
Exactly. Or if looked at in this specific guys case. Someone is willing to put two kids through college, and all he wants in return is some old jeans.
semi-extrinsic 11y ago
It's even a win for greenhouse gas emissions. To an order of magnitude, each dollar you spend buying consumer products causes 1 kg of CO2 emissions. This obviously causes a lot less (as does most art).
- SixSigma 11y ago
  Except now that $100k is returned to the economy for spending
  - greggyb 11y ago
    Returned from where? It is an economic fallacy that saved/invested money provides no value to society.
    - SixSigma 11y ago
      Returned from illiquid storage
      - greggyb 11y ago
        Unless that storage is some form of physical cash horde, it's never been "removed" from the economy in the first place so a "return" is a meaningless concept.