Originally Posted by dukieee
...think of collecting 100 miles snippets from kellogs, sending them in and what not...
The prices people bid those Kellogg's certificates up to is based in large part on misinformation. Many bidders (maybe not "many," but it only takes two per auction) think that 500 AA miles entitle you to fly 500 miles. If only it were so...
Other than that side comment, I agree. I suppose we could figure out the value of a ton of wheat without too much trouble, or of anything else that's bought and sold in the light of day by informed buyers, but beyond that...
Isn't that why there are so many threads on this topic?