[supermatt]

Not really.

Irrespective of price, the inherent value of the rug is much greater - it still takes over 100x the labour to produce.

That it still costs less than 100x basketball shoes to purchase is more circumstantial, yet further demonstrates the fallacy of the argument.

[cma]

It takes a long time to make small scale reproductions of movie scenes out of popsicle sticks, the time spent doesn't make them valuable on its own.

[supermatt]

Yeah, value was a poor choice of word. I probably meant cost, and where I say cost I probably meant price.