All theory is grey – the replacement value in a practical test
Why we are dealing with replacement value now of all times has a bit of a back story.
When we recently moved our office from the Colonnaden to Mönckebergstraße, I was packing boxes when I came across the beautiful, old, robust industrial stapler for round wire staples, model Elastic No. 53 by Schlemming.
My grandfather, who founded our surveyor’s office in the 1950s, had bought this in the early 1960s.
I thought of my grandfather and how great he thought it was that the office was now in its third generation. And then I thought (occupational disease!) how this super stapler would be valued today…
This is the industrial plier stapler for round wire staples, model Elastic No. 53 from around 1960. I haven’t the faintest idea what the historical acquisition costs were.
A little research: The unit is still being manufactured and sold for €387.52. This gives us an impressive replacement value.
You can get a Simplex A stapling plier for less than 100 € per piece, i.e. for just under a quarter. You can also use them to staple size 53 staples in your documents. On the other hand, we have the task of assessing similarity and equivalence.
This Ebay offer for 17 € (the year of the offer is unknown) could be used as a basis for a current value. However, the device has probably not found a buyer for this price. Therefore, we would be very cautious in deriving a fair market value.
Which ultimately brings us to the most beautiful of all values, which defies all reason: The value of love, for things that are irreplaceable and priceless.