All of these valuations are completely arbitrary. He can try to maximize revenue all he wants but if nobody buys the page does replacement cost even matter since he's stuck with it? Let me ask you a question: does anybody think that FF Annual 4 page is worth $28,500 in today's market? Is a replacement cost of $28,500 warranted for that page? The "replacement cost" doubled overnight when he raised the price on this page arbitrarily? Also, if his prices are so reasonable why not take some of this stuff that sits forever to auction? His valuations are so perfect that he is sure to get what he wants, right?