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Mr. Machold valued the instruments at $49 million.
An independent appraiser had formally valued the instruments, called the Golden Age Collection, at $50 million, but Mr. Axelrod sold them to the orchestra for $18 million.
European society has long valued wind instruments, from their earliest use in rituals down to the present day.
As well as raising cash, such a sale would have had the side-effect of setting a true market price for these hard-to-value instruments.
He claims that normal science can succeed in making progress only if there is a strong commitment by the relevant scientific community to their shared theoretical beliefs, values, instruments and techniques, and even metaphysics.
For patient-centred assessment to have clinical value, instruments must be evaluated beyond basic psychometric properties.
It is true, as the bankers argue, that valuing illiquid instruments is tricky.
That means the bank is required to "value these instruments using models" — in effect, to guess the value of the securities.
Many investors have lost confidence in banks, insurers and other financial intermediaries, in part because they do not know whether these companies are valuing opaque instruments properly.
A&L has yet to fix the date of its trading statement, sparking speculation that it is still trying to value these instruments, but it is expected within the next two to three weeks.
A system that values legal instruments over real products.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com