It only makes sense in the scenario where someone paid the $1,000 price, and then could only sell it for $500 later. They just lost $500 for their efforts.

A lot of people though bought the other $500 painting, heard it was worth more but held on to it a bit longer to see what happens. Later they are told- no it’s still only worth $500. It’s only “opportunity cost” at that point.

You people lead such interesting lives. Is this what the real world is like?

Maybe homeless people? But even then… there are ways.

Or hell, drink McDonald’s coffee if price is an issue. It just doesn’t come with a status symbol on the cup.