Quote:
Originally Posted by Snapolit1
My last word (promise):
There is an entire industry that exists to appraise the fair market value of artwork. Many documented one of a kind pieces of art. The idea that photos can't be valued because they are somehow special is a good canard for people making a business out of selling phots, but that's all it is. A canard.
An economist will tell you that a FMV can be determined for any commodity. If you guys in the business of buying and selling photos want to act differently, go for it. The fact that a Chinese billionaire drives by my house and falls in love with it and gives me $3 million to move doesn't obscure the fact that the fair market value of my house is $550,000.
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"Can be" and "has been" are two different time frames. Eventually I believe there will be a better understood market value of photos as websites continue to populate old auction results (like VCP does for cards). At this time, though, it hasn't happened and prices are still volatile.
08-08-2017, 07:57 AM
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