Value, Worth and Cachet

The Sasoon Codex recently fetched $38.1 million. It is a priceless relic because it contains perhaps the oldest complete draft of the ideas that altered the course of human history. Is its worth nevertheless perverted given the kingly sums that those fortunate enough to have amassed unfathomable wealth have offered for decidedly more trivial articles of historical interest? Is Michael Jordan’s 1992 Olympic jersey worth one-thirteenth as much of a piece of history? Is a Giacometti sculpture worth three times as much? Is a Picasso painting worth five times as much?

Continue reading “Value, Worth and Cachet”