Summations Only

Bernie Ecclestone once said:"You can have anything you like, as long as you pay too much for it."This raises an interesting point - if someone with way too much money and no appreciation of, say, art buys what turns out to be a canvas upon which a monkey has thrown paint, for $1,000,000, is that painting worth $1,000,000 ? Is there any level at all of objective worth which overrides a nutter forking out a fortune for a turd ? If he tries to sell it the next day, will someone pay what it was worth just 24 hours earlier ?Is the analysis different if the person knew how the canvas was created, but pays the money anyway for the sheer hell of it, because they have many more $1,000,000's where that came from.Does the analysis of something being worth what someone is willing to pay for it, break down in any way at the extremes ? And if it does, where is the boundary ?

lol ! Ticket to that island please ! So does this mean that attributing "worth" to an item is no more than keeping track of the movement of money in a closed system, so as to preserve total net worth ?