On the liquidity side, would you pay more for a security that you could easily and quickly sell with small slippage than you would for a security that could not

On the liquidity side, would you pay more for a security that you could easily and quickly sell with small slippage than you would for a security that could not be easily sold or only sold with a large slippage? "People pay for [that]" because it's a genuinely useful property of an investment vehicle.