the auction house estimated the value of this fake pearl necklace at $600 but the price went way past that 10,000 $50,000 $100,000 The people bidding knew it was fake So what did they see that we didn't by the time the hammer dropped the necklace sold for $211,000 $350 times higher than the appraised value Now you're probably thinking "Oh great another rich idiot with more money than brain cells Like the guy who bought an $88,000 Cheetosard a Cheeto that kind of looks like Charizard or the weirdo who spent $6.2 million on a banana duct tape to a wall We'll get to them later But this buyer was different Her name was Linda Resnik and she was a shrewd businesswoman with a plan She took this cheap plastic necklace and cloned it every pearl every strand every detail It was a perfect replica of a replica Then she sold over $130,000 of these fake fakes Linda turned her $211,000 purchase into $26 million of profit So what did she see that most people missed like most products this wasn't really about the physical object at all The original necklace belonged to Jackie Kennedy possibly the most iconic first lady in American history Jackie was effortlessly elegant To American women in the late 1990s Jackie's fake pearls were a symbol of grace and sophistication without excess For $195 plus tax shipping and handling anyone could buy the feeling of being a little bit like Jackie Now here's the thing Outside of most Western countries this necklace wouldn't be worth much And to someone who had never heard of Jackie Kennedy it would be worth almost nothing Value isn't just about what something is It's about the emotional and cultural context that surrounds it And it gets even crazier Linda Resnik didn't just make replicas of Jackie's pearls She made a replica of a replica of a replica A tiny pearl necklace for a Jackie Kennedy doll You just can't make this up Now I know that fake pearl necklaces for old lady boomers might seem irrelevant to you but you do the exact same thing every day You think a pair of Jordans cost $200 because of the materials or performance even your money works the same way Try buying anything with a US dollar when the country collapses After that it's just paper Even gold is just shiny rocks With the right cultural story you can make anything worth more than its weight in gold without ever touching a gram of the real stuff In 1800's Prussia the kingdom's ruling family needed to fund a war against France So they asked the aristocracy to give up their gold jewelry In return they received iron replicas each engraved with the phrase I gave gold for iron Because of this in Prussian high society iron jewelry became more desirable than gold And I mean sure gold jewelry meant you were wealthy but iron jewelry meant you were wealthy generous and patriotic It signaled that you were part of a larger cultural movement sacrificing for the good of the nation In that cultural context iron was more valuable than gold Ancient alchemists spent centuries trying and failing to turn lead into gold But they missed the point They didn't need to change the metal They needed to change people's minds Even real jewelry is only valuable because of cultural context It's based on generations of tradition symbolism and belief But this emotional and cultural value is still real value in some way This $19 strawberry from Japan is a great example It's being sold in American supermarkets and customers are outraged by how insanely expensive it is And honestly in an American cultural context I totally get it But the Japanese have a popular custom of giving away high-end fruits as gifts You might think this is crazy but Americans don't bat an eye at spending $20 for high-end chocolates on Valentine's Day So is this really that different you might say that luxury chocolate is way harder to make but that's debatable Some Japanese fruit takes decades of selective breeding and highly specialized farming techniques Maybe you still think the $19 strawberry is stupid And that's fair enough But here's another perspective To the average Japanese person America's obsession with massive pickup trucks is just as absurd Americans buy huge expensive trucks even if we never actually haul heavy equipment and never leave a paved road They're both totally unnecessary emotional purchases Conceptually is that really much different from a $19 strawberry now in order for any of this to work the seller needs to provide cultural context Notice the wooden plaque showing the origin Without that cultural backdrop it's just an overpriced strawberry Even the packaging makes it look like a sacred relic like the enchanted rose from Beauty and the Beast That's something that all of the objects we've discussed so far have in common They all have a marker of authenticity Whether it's a plaque a certificate or an inscription it's the marker of authenticity that shows that it's a genuine cultural symbol Things get really weird when you transition from widespread cultural symbols to smaller subcultures This one single Cheeto sold at auction for almost $88,000 This is Cheetos the perfect intersection of three niche subcultures people obsessed with finding snacks that are kind of shaped like other things Pokemon collectors and a third way stranger subculture that we'll get into in a minute Now we've talked a lot today about how good storytelling and presentation can turn ordinary even ridiculous things into priceless treasures But what happens when you have something that's actually good like your work your ideas or your design portfolio that's when great presentation becomes even more impactful And it's why I want to quickly tell you about today's sponsor Framer It's a noode website building tool that's genuinely impressive I've been using Framer myself to build a new design portfolio And honestly it's game-changing You don't need to know any code It feels just like using the design tools you're already familiar with but instead of 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upgrade use my promo code to get 25% off for 3 months This one's worth the hype Go check it out Back to the video First let's just acknowledge the genius behind the name Cheetosard That pun alone probably added like 10 grand to its value Then they went even further cleverly packaging it to resemble a trading card tapping into the massive Pokemon card revival that began in the 2020s The seller leveraged that cultural craze to boost the Cheetos perceived value Plus it's a Flaming Hot Cheeto and Charizard is a firet type Pokémon So there's that What makes this wild is that someone was just sitting around scarfing down Cheetos when they picked this one up paused and said "Hey that's Charizard." And then they actually kept it safe for 2 years before auctioning it off Imagine how many other Cheeto treasures have ended up chewed and forgotten Statistically at least one of you watching right now ate the next 5 figure snack because you don't spend your days examining Cheetos like some kind of junk food archaeologist It's kind of like collectible coins You've probably had a rare coin worth thousands sitting in your pocket at one point but you spent it at a vending machine because you're not fluent in the language of coin collecting nerds Maybe you bought some Cheetos with the coin The point is value depends so much on specialized cultural knowledge But Cheetos art isn't even the most expensive Cheeto ever sold That honor goes to the legendary Harambe shaped Cheeto that sold for a staggering $100,000 in 2017 You probably remember Harambe the gorilla from the Cincinnati Zoo He became one of the internet's biggest memes There was even a special salute that Harambe fans would use jokingly to pay tribute Cheetos highlights the subculture of auctioning off food shaped like weird things and the Pokémon subculture But the third subculture and arguably the most influential is internet culture itself The internet runs on absurdity memes and collective madness Selling Cheetos art for a fortune perfectly captures where we're at culturally We love Pokémon We love Cheetos And more than anything else we absolutely love blowing obscene amounts of money on objectively stupid things and then making rage bait content about it on the internet How meta The auction and the price becomes part of the meme in the subculture There are dozens of other examples of this by the way There's the McDonald's Sichuan sauce packet that sold for like 15k in 2022 because it was featured in a Rick and Morty episode Then there's the chicken McNugget shaped like an Among Us crew mate selling for almost 100K in 2023 Nothing makes sense anymore Which brings us to the ultimate expression of absurd value The $6.2 million banana duct tape to an art gallery wall Originally titled Comedian this artwork by Maritzio Catalan sold for around 150K a few years ago but it's gone way up from there It's almost like the absurdity level has ramped up in proportion to its price tag It's easy to be outraged by the idea of some rich spending millions on a banana And I think that's kind of the point Just like Jackie Kennedy's fake pearls you're not buying the object itself Sarah Urris Green from the art assignment points out that the artwork isn't really about the banana In fact what you're actually buying is a certificate to display the artwork And I'm sure you're noticing a pattern here with certificates and authenticity But it's a lot deeper than that The artwork is all of us It's the memes the people who flock to the art gallery the clickbait articles and even this video here talking about it Our outrage gives it power and makes it famous In my opinion this is definitely a con game but that perfectly reflects our current cultural reality Life right now is absurd confusing and weird The buyer is purchasing permission to participate in the performance of absurdity itself Some people suspect that the artwork is just a money laundering scheme and even that's part of the story and its value The piece is called Comedian for a reason The artist knew exactly what he was doing Green goes on to explain that life today runs on outrage Each week offering a new controversy but it's rarely directed at the stuff that truly deserves outrage like insane wealth inequality and instead focuses on trivialities like bananas taped to walls The art piece represents a larger cultural idea and story And maybe it sounds ridiculous to spend money on an idea but Green brings up another great point If you think it's ridiculous that a story or idea alone can be worth millions consider this What is intellectual property a lot of it's just stories and ideas What are internet views influencer clout and social media likes it's all just intangible cultural capital Bananas and Cheetos Arts might not be the art we want but they're the art we deserve On the note of internet clout don't forget to subscribe to this channel if you like the video or don't Nothing really matters in our $6 million banana world But anyway up until now we've looked at more mainstream subcultures of hundreds of millions of people But things get really weird when you step into hyper niche subcultures People become laser focused on gear and technical details sometimes completely losing sight of the original hobby itself Sneakerheads are the perfect example They'll spend hours searching for tiny factory errors like misaligned stitching or an offcenter logo or even an upside down logo These tiny slip-ups can send prices either skyrocketing or plummeting depending on the error and whether the subculture decides that it's cool or not A pair of Air Jordan 1's known as the reverse shattered backboard sold for almost 150K just because the Nike logo was stitched upside down Oh and by the way there's also an Air Jordan Cheeto up for auction right now At the time of writing the highest bid is over $5,000 Idiots with their Cheetos man But here's what's weird While these enthusiasts meticulously dissect visible details under a magnifying glass sometimes literally they're equally obsessed with chasing something you can't measure or quantify at all Audio files will spend thousands on vintage vacuum tubes meticulously analyzing schematics filament currents and plate impedances Yet what they're really chasing is something totally intangible and subjective They want some vague ethereal tube warmth or mojo that's impossible to measure At least with visuals you can put two things side by side and instantly compare But audio relies entirely on memory You have to listen to two different sounds one after the [Music] other By the time you're making your judgment your subjective mind has already started messing with you Audio files swear they can hear the difference in warmth from one tube to another And maybe they can but nobody else notices or cares Mechanical keyboard enthusiasts are no better They'll analyze switch actuation force carefully lubricate each individual spring and refine technical details down to like a fraction of a millimeter And yet their ultimate goal isn't technical perfection at all It's finding the perfect typing sound whatever that means Maybe they want something clicky or something poppy or my personal favorite something thcky They're looking for a perfect feel that's totally subjective and intangible And the rabbit hole goes deeper when it comes to musical instruments You've probably heard of stratavarious violins They were made hundreds of years ago by a master violinist Musicians insist these priceless musical instruments have almost mythical tonal qualities but blind tests repeatedly show that even expert violinists can't reliably hear the difference between a multi-million dollar stratavarius and a well-crafted modern violin If experts can barely tell a difference the average audience member at a concert will never be able to tell But still the myth lives on As a bass player I'm part of a subculture fixated on vintage Fenderbass guitars Early 1960s Fender bases and guitars were very well-made but they've become more expensive than a new car at this point The thing is hobbyists still want to own vintage instruments So collectors have started to obsess over Fenders from the 1970s The thing is Fender's quality control by that time was awful They got acquired by a larger company and they basically just ran quality into the ground These bases are often heavier than a boat anchor They have unstable necks that warp like a banana and they're just not very wellmade Don't get me wrong there are some great Fender guitars from the '7s but it's very hit or miss And yet people gladly spend thousands of dollars chasing that intangible magic mojo that no one can define but everyone swears exists They'll analyze wood grain patterns fretboard radius serial numbers They're shelling out money for instruments that are often objectively bad because of a feeling that they can't even put into words And maybe that's the central irony in all these niche communities The deeper you dive into these tiny obsessive groups the more value becomes disconnected from mainstream culture and shared meaning Instead it turns inward It becomes intensely personal and self- serving and borderline neurotic It's an absurd contradiction spending thousands of hours and dollars painstakingly dissecting concrete measurable details yet simultaneously pursuing something completely invisible and impossible to quantify These communities aren't looking for wide recognition or mass appeal In fact their neurotic obsessive nature actually thrives because nobody else understands or cares The value these communities search for is personal and more about the pursuit itself You're praying the next overpriced vintage purchase finally plugs that gaping hole of existential dread You can keep buying instruments older than your dad and sneakers that didn't pass quality control but try not to spiral too hard when you realize it's all a lie All kidding aside if you can afford to spend money on this stuff it's fine I guess I buy stupid collectible things too If you enjoy it have fun with it Just don't let it own you You're more than just a collection of things that you possess What all of these people are searching for is genuine human connection Ultimately the objects we own help us feel linked to something bigger A community a subculture or even an entire civilization That's what $19 strawberries fake pearl necklaces and expensive guitars really represent Tiny slices of connection Most of us are so disconnected and starved for meaning that we'll pay almost anything for it Sometimes that search genuinely fulfills us Other times it just leaves us emptier than before Eventually cultural artifacts fade into obscurity My friend Rafie was telling me how 20 years ago a beautifully restored vintage wooden radio might fetch $1,000 Today you'd struggle to get 300 bucks for it It doesn't matter how old rare or cool something is if nobody remembers why they should care Once you lose the cultural context the value fades with it Cultural relevance eventually fades but personal relevance can endure a lifetime The most meaningful connections to objects are deeply personal Imagine your house is on fire and you only have time to save one object Your choices are a brand new $4,000 MacBook Pro or something worthless to everyone else but deeply meaningful to you Maybe it's a junky wristwatch from a deceased parent your scuffed up wedding ring or a stuffed animal from your first date with your longtime partner Most people would reach instinctively for the sentimental object Maybe you're not sure but the fact that it isn't an easy choice reveals what we truly value It reminds me of that scene in Pulp Fiction where Butch played by Bruce Willis risks his life for an old beat up wristwatch To anyone else it's worthless You couldn't pawn it for 20 bucks But to Butch it's everything His father carried it through unimaginable hardships during war ultimately dying before Butch ever got to meet him The watch is the closest Butch ever got to his father Within that personal context a worthless old time piece becomes priceless That is why personal value is so powerful It transforms ordinary objects into irreplaceable repositories of meaning The most valuable objects aren't those recognized by broad cultures or niche communities that are the ones tied directly to our personal stories The objects worth obsessing over are the ones that remind us who and what we care about Please consider supporting me on Patreon My plan is to slowly transition to a more audience-funded model for this channel That way we can talk about the videos that you care about without having to worry about algorithms or sponsorship or views I hope you learned something today and I hope you have a great day