You did not answer my question, Bill. You made a couple of remarks which speak to cost, perhaps. Not value. I thought perhaps you would be willing to dig in a little further and explain something about value. But evidently not.
If I use $10,000 of woodworking equipment and 2000 hours of labor to make an all-wooden wristwatch that is 3 feet across and weighs 200 pounds, my cost is high. The value of the finished object is arguably not very high, though. Whether you are a capitalist, a Marxist, or something else, the value is just not there.
Business is half about making your costs lower than the value of the produced goods. The other half is selling the produced goods for their value or more.
Thanks for your thoughtful reply, astroNikon. There's more to life than capitalism, but it's a reasonable world view that seems to work for a lot of people.
I'd like to see a similar post explaining why a photo DOES have value, though. We've got a fair bit on why they don't, already in hand.
Does a photo have value? How high is up? Value to whom?
If you wanted a photo, and took it, it cost time and skill, so something like this

has some value. Perhaps not to others, or at least not enough that others would pay for it, and not enough to even bother with paper and ink.
Then, there is a photo like this

which doesn't look like much. It took a macro lens and about as much skill as the previous photo. Along with another earlier photo, it convinced a doctor to refer to a specialist, who did surgery. Cancer was interrupted just before the need for Chemotherapy. So, a life was extended and some suffering was avoided. This was definitely worth the paper and ink to print.
Then, there is a photo like this
Nick Ut: Photographer Talks Kim Phuc 'Napalm Girl' Photo 42 Years Later : People.com which changed the course of a war, and saved the life of the little girl -- because the photographer was there to take photos and took time to help and exercise influence.
So not all photos are created equal. Some are worth amusement, some are worth memories, some save a life, some save many lives, some incriminate, some kill, some trigger memories or pass likenesses on to future generations. In BC, they just raised a statue because of a photo of a little boy running to his father who was going off to war.
What is the value of a photo? I have no idea! What kind of value? What photo? Value to whom?