sirballington
Sergeant at Arms

Not sure if I'm detecting a hint of patronizing tone here, or if it's just the internet. You just described the same two values I did; the value where transaction occurs, and the "subjective" value where we/the merchant thinks it's worth.Karl XII 说:Weird parallels to what I saw with people's behaviour around stock options during the .com bubble. Or watching friends insist on full blue book when trading in a car.
You're saying we should lower the second value (just sell it for 3k because no merchant wants to buy it for 30k -- since they're not able to), and we're asking for the first value to be increased (by allowing a transaction to occur, whether with pure denars or through bartering). The problem with lowering the "Fair Market Value" as you call it, is that now it creates a situation where, Lordly Black Armor's "actual value" is now 3k, while lesser armors sell for equal or more. Or should all other armors' actual value be lowered too?
If a merchant, say, a bookseller, have enough items to barter, they will still barter. I can exchange 4 books worth 7k each for 1 Lordly Black Armor. Now the actual value is 30k. If there is one seller who is willing to barter it for 30k, wouldn't that also make the FMV 30k?
If they accept less than they consider FMV to be, then their FMV is what they accepted. FMV is what you paid for it, because you think it's worth that much. It may start out very high, and get no offers. Then they "lower the notional value" (again, same as accepting less than their initial FMV) until it is equal the actual value, at which point a transaction occurs.1) See people so fixed on FMV that they...
2) ...will actually advocating lowering the notional value of an item rather than use the field expedient of accepting less than they consider FMV to be, despite the net effect being the same.
Way off-topic, so I'll refrain from further derailing it.





