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by pembrook 5 hours ago
OP has a valid question though.

If you think its insane to spend that amount of money on it (essentially: it's not worth that much to you), then you holding onto it instead of having $1300 is pretty much the exact same scenario? By holding onto it you're saying it is worth that much to you.

It sounds like believing you hunted down a 'deal' causes you to wildly change how you perceive value at an emotional level.

I would probably do the same thing. It's just funny to see expressed on HN where everybody complains that advertising and marketing are evil/scams and proclaims loudly how rational they are.

2 comments

He wants the thing. He does not value the thing at 1300 dollars so he would not buy it for 1300 dollars. He found it for a lower value, he kept it because the point at the start was he wanted the thing.

On the topic of HN users, is it our collective first day on earth?

> He does not value the thing at 1300 dollars

If you decline to sell a thing for an easy 1300, doesn't that mean you value it at 1300 or more?

Only if you actually need the 1300 cash, or think that you won't be able to sell it in the future.
Technically no, because selling a thing is both a risk and a cost (of time and money).
> On the topic of HN users, is it our collective first day on earth?

The disease of financialization at work. Money is all that matters to people, everything is converted into money. It's only value is what you could get from selling it, and/or what you spent to acquire it.

Like those weird fuckers who buy $200k supercars so they can sit in a damn garage. (She said, having put 30k miles on a Corvette inside of 3 years)

10k mi/yr is a nice round "lease" number of miles. Are you sure you don't value the resale value of your car more than the joy value?

someone, above: > believing you hunted down a 'deal' causes you to wildly change how you perceive value at an emotional level.

I'm going to quote myself, paraphrased, because i forget the exact phrasing.

"All else equal, which tastes better: ice cream you've paid for; or ice cream that cost you nothing?"

Take me to your reader
I don’t see any sign they own the original pressing which is $1300. Instead they own the 1977 remaster which apparently sounds as good as the original pressing though I don’t own the original. The 1977 remaster sells for between $5 and $50 depending on grade. I paid $3 for mine and it might be worth $25 or $30 of if I did a lot of leg work.

You’re making a lot of assumptions here in your thinking. The first one is that you can just randomly turn around and sell that record for $1300. Hitting those peaks usually only happens with in person sales or amongst collectors who know each other well. It’s incredibly expensive to get to that point and requires thousands of hours of work. For a normal person without extensive contacts, it’s still a lot of leg work for a fraction of that price. That might yield maybe $30 an hour.

Some people value their time higher than that; it’s really not that deep.