Now, we have a sort of stale situation where women are undervalued for a quality deemed passé: their fertility.
"Old masters have been undervalued for a long time," said George Wachter, director of Sotheby's old master paintings department worldwide.
"His work has been undervalued for years, and this painting is one of only a handful of paintings of this caliber by Kline still left in private hands".
Mr. Esmerian's contention — part of his legal maneuvers last week — was that his jewelry collection had been undervalued for the forced sale.
Someone who thinks stocks are undervalued, for example, could sell exchange-traded bond funds and buy exchange-traded stock funds at the same time, Mr. Kranefuss said.
After being undervalued for a while, the securities are at best fairly valued now, say many analysts, suggesting investors need a long-term view to make them worthwhile.
If the industrial plants in southeast Texas are undervalued for tax purposes, the owners of downtown office buildings in Dallas and homes in Laredo will have to pick up the slack.
As industry, commerce, and transportation begin to offer all people free access to the latest ideas and products, a true folk art tends to disappear; the integrity and tradition that formed its inherent character decline, and the heritage of home-produced products is undervalued for the very qualities that made it distinctive.
But given that solemnity is so easily mistaken for gravity, and the best novels can be undervalued for providing too much fun, the award serves a very useful role – rewarding Jacobson, for instance, a decade before the Booker jury roused itself to give him his due.
MR. SIEGEL says the stock market has been undervalued for almost two centuries, that stocks deserve higher price-to-earnings ratios than they have had historically, because many people now understand their benefits and because the economy is less volatile than it once was.
