Question

When selling antiques, you can usually obtain a higher price for those that have a provenance, which is information detailing the origin and history of the object. For example, the property owned by Jacqueline Kennedy Onassis and Princess Diana sold for much more than face value.
a. What kinds of products have value over and above a comparable product because of such information?

b. What kind of information makes products valuable? Consider both tangible (resale value) and intangible value (sentimental appeal).

Answer 1

Various factors make antique things more valuable than their face value such factors are the number of items originally made, uncommon design, uncommocolorur, the difficulty of replicating an item, etc.

What makes antiques valuable?

There are a rarer, singular it is and more valuable. Even items that have mistakes or any fault in design are considered to be rare and valuable.

The products like furniture, coins, portrait, etc always have value over the cost because of their uncommon design, and uncommon color on it.

Tangible personal property includes artwork, jewelry, antiques, and other physical objects as an intangible value related to sentimental relating to such jewelry, artwork, and others.

Thus, we have already why antiques are more valuable than the latest.

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