The value competition, i.e. a primarily about who or what is more valuable in direct comparison, raises many fundamental questions. Which criterion is more important, the rarity, i.e. the rarity value that a thing exhibits. Or is something valuable only because it has a high material value?
The answer to this question naturally also brings the person into play who evaluates a thing and their personal value system. Individual differences can be clearly observed here because the material value of a thing can be measured objectively. Still, it can also change – basically like everything that is in the world. The price of gold can rise or fall and with it, of course, the value of a krona, for example. As a criterion for determining the value of a thing, the material value is only used to a limited extent, even if certain groups of people are only oriented towards the material value of a thing since they perceive this as an objective criterion.
On the other hand, with a significantly increased emotional value, the value that distinguishes rares is to be settled. A thing does not have to be “beautiful” or “valuable” in the classical definitions to be considered valuable. The fact that this item is only available say, 10 times around the world can add immensely to its value. For example, this applies to some statues that are missing parts, i.e. their material value is actually low; artwork for instance. Although or precisely because they lack spikes or because the colors differ from the rest of the series, some stamps are also precious. Collectors consider so-called false colours to be precious specimens, far from their actual material value, which in the case of a postage stamp, for example, is to be regarded as very low.
The estimated rarity value, which can, however, be subject to fluctuations, i.e. a value based on the criterion of rarity, would, in my opinion, be higher in the case of competition for an object that has a purely material value. Because they are theoretically at least infinitely reproducible, materially valuable things will be inferior in comparison to things that exist in a finite amount, so to speak.
My name is Bettina Klauert. Basically, I like to deal with old and rare things that have a story to tell, and in my humanities studies, I also dealt extensively with philosophical questions.