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AFAIK there's no way of objectively determining the value of anything. Are prices of houses in SF "reflecting their inherent quality" compared to houses in othe
by ivanhoe 8y ago
AFAIK there's no way of objectively determining the value of anything. Are prices of houses in SF "reflecting their inherent quality" compared to houses in other parts of US? Or is the value of t-shirt with some brand logo sticked on it "objectively determined"? No, they're not, it's all simply negotiated by market's supply and demand, and so is art. It's worth exactly as much as someone is willing to pay for it.
- dwaltrip 8y agoThere is signal in the noise, even if it is difficult to see or parse.
- dragonwriter 8y ago> AFAIK there's no way of objectively determining the value of anything. You can objectively determine how people subjectively value something, but value is always subjective.