What determines an items value? In most cases the answer is a simple one; the value of an item is determined by its usefulness. A car, able to transport you from A to B, for potentially years, is logically expensive. Add gadgets and gizmos to a car, including GPS, touchscreens and more, and the value goes up.
But then you get to a sports car, a Ferrari, or a Porsche, and the value seems to go up exponentially. Is a Ferrari really more useful than a BMW in order to justify the extra zeroes? No, of course not. The fact that a Ferrari is a recognised brand is all that separates one vehicle from the other. This is where item value starts becoming distorted, and for reasons that make no real sense on paper.
Though a sports car is hardly the most inexplicably expensive thing that can be bought, especially when compared to these items…
You may not believe it, given the numbers we’re about to start throwing out, but this list goes from least expensive to most expensive, in terms of what an item should be valued. A painting from 1917 shows a nude woman reclined on a sofa. A quick glance at it will reveal that, compared to some other paintings, it isn’t especially impressive. But the art world is another realm where zeroes make very little sense, especially given the cost of a canvas and paint.
Be prepared to hit the online pokies in New Zealand, or anywhere where gambling is legal that you might find yourself, hard and win at least two progressive jackpots, because this painting by Amedeo Modigliani sold in an auction house in May 2018, for $157.2 million.
East Hampton Estate
The value of real estate generally makes sense, given that homes are a permanent structure and everyone wants one. Though, put those properties close to the ocean and suddenly some rather alarming things happen in terms of value. A house in the East Hampton area still stands as the most expensive property sale ever recorded, going for an inexplicable $147 Million. Do keep this in mind, though; Jerry Seinfeld is the next-door neighbour.
Eileen Gray’s ‘Dragons’ Armchair
Here we have an armchair. It is fairly pleasing to look at, made of wood and leather. It also looks like it would be fairly comfortable, though probably not as comfortable as a bigger chair, with a higher backrest. What is it worth? Given that it was once owned by French designer Yves Saint Laurent, apparently $28 million. As we already mentioned, it’s made of leather and wood, not platinum and the feathers of the world’s rarest bird.
Corcoran’s Clark Sickle-Leaf Carpet
If you thought the value of the chair was a bit outrageous, be prepared to witness perhaps the most unreasonably priced item that has ever been sold. A Persian rug made in the 17th century probably is a fairly valuable item. Persian rugs are, after all, notoriously expensive. But this one happens to have been owned by man named William Clark, a United States senator who passed away in 1925. That gives this rug a value of a rather jaw dropping $33.7 million. Known as the Sickle-Leaf Carpet, chances are you won’t be seeing it lying on anyone’s floor anytime soon.
Rare Double Eagle Coin
Last we have a particularly interesting item, mostly because it has its value printed directly on both surface. The value printed reads $20, so you would think there was no question as to what it was worth. But this happens to be a rare 1933 double eagle coin. Now, due to the incredible rarity of these coins, you will be handing over $7.6 million to have it jingle about in your pocket.