A Brief Anecdote About Valuation

Funk met his wife a few short months after the encounter and completion of the paintings that would become The Close Encounter Collection. He dared not show them to her for fear that she'd think him "weird". 

When he moved in with her a year later, he took the paintings straight to the attic, though by now they were engaged and he felt comfortable showing her the one he valued most, "Sushi Bar".

Of course she hated it. 

He said, "This painting is worth seven figures all day!"

She wouldn't pay a dollar for it.

He whipped out the phone to show her a piece of modern "art". 

She said, "It looks like a five year old painted that."

He asked what she would pay for it?

She wouldn't pay a dollar for it. 

Funk said, "Right, exactly my point. That painting sold for $87 million dollars in 2012. It's easily worth over $100 million now."

She thought the buyer overpaid.