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Have the things people buy most ever been the things that appreciate in value? Antiques derive their value from rarity, implying that most examples weren't good
by derleth 14y ago
Have the things people buy most ever been the things that appreciate in value? Antiques derive their value from rarity, implying that most examples weren't good enough to survive. It's the "Old buildings were all well-made" fallacy.
- Retric 14y agoThat's part of it, but people also used to make a lot less stuff. The half life of a dresser made in 1850 might be ~50 years, but they did not make a lot of them. PS: It's hard to know, but I have heard it suggested that something like 10% of all dressers made in 1850 are probably still around somewhere.