Even things as mundane as unskilled labor satisfy that condition, though. Most people aren't willing to pay even minimum wage most of the time: the buying side of the labor market is dominated by a relatively small portion of the population. Only the things that literally almost everyone buys have a fair market value which correspond to what most people would pay.Asita said:I suppose that is accurate to the extent that it follows the aforementioned rule. My intended point was that by non-aficionado standards, aficionados are wont to overpay. It's more or less auction philosophy. Highest bid technically sets the fair value, but the price they set is usually above what most others would be willing to pay for it.Seanchaidh said:For a single item, aficionados define the fair market price for an item. The one who is willing to pay the most is the one who gets it: that's fair.Asita said:Strictly speaking, no. This is an odd case where the actual value of the disk is hard to define in any objective sense. There's no par value or sales price for it, and while aficionados might have paid a very pretty penny for it, let's be honest aficionados are almost defined by the fact that they're willing to pay well over fair price for things related to the subject they're passionate about.
That being said, I don't want anyone to mistake me for saying that this model of pricing is a moral imperative that I endorse. It's an established convention and little more.