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Unfortunately for Alexander, the people bidding for his wristwatch didn't have anywhere as high an appraisal of it as he expected.
After all, when it came to used goods, the identity of the previous owner mattered a lot.
If people could take pride in owning something that previously belonged to a person who was famous or exalted, the value of the product wasn't limited to just how much it would be worth when new.
On the other hand, if the previous owner was someone unknown or not worth mentioning, it might have a negative impact on its assessed value instead.
Naturally, while Alexander's father was famous, his own fame wasn't anything worth mentioning yet.
Perhaps only a few upstarts would find it appealing to brag about owning something that previously belonged to Mr. Gray's son, but that was it.
"Eighty thousand going once… Eighty thousand going twice—!"