1... a while ago I bought an artwork by a fairly famous (still-living) artist for a small but not insignificant sum of money.
It happened to be a nice piece but ultimately bought as an investment which was likely to rise in value (esp. when the artists pops off the twig.) So I put it carefully wrapped in the loft and forgot about it.
A while later I thought how stupid that was and so got it from the loft, unwrapped it and hung it on the wall for everyone to enjoy, almost certainly wiping a ton off its valuation... but gaining value from our enjoyment of it; crystallizing the value now, albeit in non-monetary terms. Was it more or less than if I'd left it in the loft? Who knows... but it does remove the uncertainty by cashing in on it now.
2... Immortalising 'Schrödinger's scratchcard' in the article seems like a missed opportunity.
Two things....
1... a while ago I bought an artwork by a fairly famous (still-living) artist for a small but not insignificant sum of money.
It happened to be a nice piece but ultimately bought as an investment which was likely to rise in value (esp. when the artists pops off the twig.) So I put it carefully wrapped in the loft and forgot about it.
A while later I thought how stupid that was and so got it from the loft, unwrapped it and hung it on the wall for everyone to enjoy, almost certainly wiping a ton off its valuation... but gaining value from our enjoyment of it; crystallizing the value now, albeit in non-monetary terms. Was it more or less than if I'd left it in the loft? Who knows... but it does remove the uncertainty by cashing in on it now.
2... Immortalising 'Schrödinger's scratchcard' in the article seems like a missed opportunity.