Originally Posted by
broog
Although I hear what you are saying, you could not buy the ticket at a cheaper price, so I think it is worth that much.
No details offered so no direct response possible. However, many valuations this high overlook the much cheaper ways get a C or F ticket. They also usually value a limited availability ticket the same as a ticket bought on the day of travel via walking up to the ticket counter with cash.
The above are just the redemption side. On the earning side, time value of money and ultimately unused miles are often not considered.