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11th October 2023, 04:59 PM | #1 |
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Join Date: Feb 2014
Posts: 419
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The value of anything is subjective, and depends on such concepts as scarcity, need and the intrinsic value of its components.
Just because something is rare does not in itself create value. If an item is required for the continuance of life, its value may soar beyond the norm, to the parties whose lives are at stake. A commonplace object in dire circumstances may have a value to those who need it far beyond its otherwise perceived monetary value. Intrinsic value is subject to knowledge. A pretty pebble may be of little value to one who is unaware that it is a rare gemstone, for example. Regarding the object in question, the value is based on information, and is therefore created by the knowledge of those who can exhume and attribute such details as may apply. This knowledge is not easily acquired, and those who make the effort to acquire it deserve to reap the rewards of their efforts. The object has little value to those who created it, as they are no longer in existence. It had a notional value to the party that sold it, who were at the time satisfied with the price received. Its value was created by those who were able to explain the reasons for their judgement, and validated by those who would pay the price to acquire it. Obviously there was more than one party who desired its possession, which further validates the knowledge which created the value. People here who work to expand their knowledge deserve to reap the reward of their efforts. Those who fail to do so have no complaint, if their satisfaction in an exchange turns out to have been unfavorable. This does not excuse deliberate fraud, usung one's knowledge to cheat the unaware. However, that does not seem to have been the case in this transaction; the purchaser may have had a suspicion of its worth, but it was unproven, and only developed through the effort of study and investigation. |
11th October 2023, 06:46 PM | #2 | |
Keris forum moderator
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Location: Nova Scotia
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11th October 2023, 07:57 PM | #3 |
EAAF Staff
Join Date: Nov 2004
Location: Upstate New York, USA
Posts: 900
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Antiques trade ethics
The scale of the disparity is surely relevant, 33,871x versus 66x (at asking price), as is the absolute amount of money involved! When a typical collector buys from a dealer, remember that the dealer is a professional and part of their profession is knowing what the things they deal in are and what they are worth. When our typical collector has acquired superior knowledge and gets a really good deal, well then, yeah for the collector because it usually does not flow that way. I think though, in the position of being the professional, a dealer does have an obligation to be 'honest' with a "civilian" seller.
A very significant international antique arms dealer told me the story of his purchase of an item that I acquired (at a good markup) and the essence was that he knew that he could quickly place the object and made an offer at least an order of magnitude greater than other offers that had preceded it. He indicated that being willing to pay a fair price brought much more merchandise to him, and often first refusal. Of course, the dealer in the account above made so much there would be little need for future respect in the community, though he would not want me on a jury. As to patrimony issues, decades or centuries later we cannot really know what the actual terms of a transfer were. But many of the diverse items that have found their ways into great museums and collections may not otherwise have survived if left in their place of origin and (hint, hint) we are not going to debate this contentious issue here. |
12th October 2023, 06:19 PM | #4 | |
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It's difficult to determine ownership of an object created and used in secret; it's equally difficult to ascribe a value. As it's likely that anyone connected with the secret is dead, and the clandestine nature of the root organisation renders it obscure, it becomes impossible to ascertain ownership. Insofar as admitting belonging to a secret organisation would either expose it to view, creating an existential problem, or would be a fraudulent claim by someone hoping to profit from knowledge obtained contrary to the tenets of the secret society, it would seem problematic regarding both ownership and violation of the intended rules of the originators of the object. Throughout history, the pragmatism of the concept "to the victor belongs the spoils" has applied. Complaining about the implicit barbarism of the concept may feel uplifting, but a goodly portion of what folks here, as well as museums and cultural repositories study, collect, buy and sell might fall under question regarding ownership and cultural appropriation. It somehow seems coupled with demonstrating virtue while ignoring reality. Of course, after seven decades of experience on this planet, the veneer of civilisation has probably been ground off of my essential barbarism. Merely an alternative perspective, of course. |
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