V is for Value

What’s it worth to you?

What’s the value of a stock? A toy? A flower? A work of art?

“Beeple” Winklemann, “Everydays–The First 5000 Days.” $69 million.

There are financial valuation models that explain how to set prices for goods in the “market” and for stocks on the exchange. But every time something sells for surprising sums of money, like $69 million for an NFT artwork, we should be reminded about how prices really work.

Value is always in the eyes of the buyer.

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