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Markets in everything, just don't trust the Khmer Rouge
But they do understand that price may signal quality; the price was raised from $500,000 to $1.5 million:
A former Khmer Rouge official photographer has put on sale for 1.5 million dollars what he claims to be Pol Pot's clothes, sandals and toilet, along with thousands of photographs and other artifacts he collected during the genocidal regime's 1975-79 rule. "I will sell Pol Pot's sandals, toilet, his uniform and cap, thousands of photographs and the two cameras I used during the Khmer Rouge period," said Nhem En, who was recruited to take photographs of detainees when they arrived at Tuol Sleng torture prison in Phnom Penh.
Posted by Tyler Cowen on June 5, 2009 at 04:45 AM in Political Science | Permalink
Comments
Bringing such unique wares to market, he sets his price at some wish-level (likely well above its intrinsic value) - but only
the subsequent bids will reveal its ultimate qualitative worth, ultimately determined by the transaction price.
Posted by: TomG at Jun 5, 2009 5:36:04 AM
But TomG, that ultimate price might not be fully independent from the asking price. It's not as if everyone had already made up their mind about the maximum price they would pay for Pol Pot's clothes.
Posted by: Zamfir at Jun 5, 2009 7:54:02 AM
This is pretty great in its own way. A tribute to capitalism in the same way as it would be to sell Lenin's body on eBay.
Posted by: Selfreferencing at Jun 5, 2009 9:18:30 AM
I like your articles, you have a great writing style!
Posted by: sports betting at Jun 11, 2009 11:46:53 AM
Thank you for an interesting article.
Posted by: rejk at Nov 3, 2009 1:23:31 PM
