15 Most Expensive Things In The World
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Channel: Top Fives
Views: 1,495,433
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Keywords: Most Expensive Things In The World, Price Comparison, World Most Expensive Things
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Length: 16min 37sec (997 seconds)
Published: Sun May 17 2020
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Most of these items are valuable because they are valuable, in the same way that the Kardashians are famous for being famous. A few — the Codex Leicester, for example — are not only irreplaceable, but have the potential to become even more valuable as we learn more about them. The fact that they 'belong' to people who paid huge amounts for them, and who see them as shoring up their own personal value, means that these items will be taken care of and preserved properly. There are a huge number of irreplaceable artworks that are kept in museums that are not well-funded, so that the artworks deteriorate year-by-year and are often stolen because the museums cannot afford adequate security.
Every scrap of parchment or papyrus that suddenly yields unexpected information represents thousands of scraps that were allowed to rot or were burned for fuel, or lost in some other undignified way.
Let Gates have his collection. He will take care of it.
My jaw literally dropped when they revealed that the 5" diameter Chinese bowl sold for $37.7M USD. Incredible. My parents used to sell antiques on the side so I grew up in a household that discussed them quite a bit. What happened was that the price of Chinese antiques shot through the roof starting in the 90s, when you had an explosion of Chinese multi-millionaires and a renewed national desire to bring great examples of Chinese antiques back into China.
Sadly, the price of American antiques, since the late 1980s, has done nothing but drop. Reason: The American middle class is shrinking. In the 60s, 70s, and 80s, the American middle class (particularly the upper-middle) had enough disposable income to collect antiques. That isn't the case anymore. Items my parents have that were valued at $10K twenty years ago are now worth $5K to $7.5K. The only American antiques that have risen in value are the best of the best pieces -- that is, the kinds of items being collected by American multi-millionaires. Ergo, silverware made by Paul Revere has done well. But beautiful pewter tankards? Or cherry highboys made by non-famous furniture makers? Not so much.
My parents have two tables in the basement covered with cut glass dating from 1800-1850. We can hardly give it away. (A) As stated, Americans just don't collect antiques anymore; and (B) cut glass, in particular, has fallen out of fashion. It's a pity because a lot of these pieces are the work of extraordinarily talented craftsmen who laboriously cut the bowls; it's a skill that's been lost to the past. The bowls, in particular, look magnificent in good light. These pieces would bring $200 to $300 decades ago, while today you might get $40 or $50.