Glossary
Personal Value
The significance an object or experience holds for an individual because of use, memory, identity, relationships, effort, beauty, or meaning.
Definition
Personal value is subjective and biographical. It can be substantial even when resale demand is low, and it can change over time. Personal value should not be represented as a professional appraisal or a prediction of market value.
Origin
The phrase is used broadly across ethics, psychology, design, economics, and everyday language rather than belonging to one standardized measurement system.
Usage in luxury
A modest inherited object may carry high personal value, while an expensive object may carry little. Recognizing this distinction can clarify ownership and disposal decisions.
Examples
- - A repaired family camera with low resale demand
- - A first major purchase marking a personal achievement