The Greatest Price
- Thursday, April 20, 2000
In finance, we regularly apply the concept of value: stock valuations, a service's value-added, the strategy of Values-based Investing, etc. Usually, determining an item's value is elementary and can be reduced to a formula. But we have come across a situation that complicates the valuation process.
The story line is familiar. One party (an extremely skilled craftsman) has created an item that represents his most important work to date. He decides to exchange it for a preferred compensation that he feels is commensurate with the item's value.
The item is not a commodity, nor is it publicly listed, so it will be difficult to set a market price. The owner is also lacking a precedent to determine the price as this is the only item of its kind ever created. The predicament is still more complex considering the preferred compensation's time horizon: forever.
How do you determine the value of the item? Do you value it based upon the skills of the creator? What about the inherent splendor of the item? Or perhaps you estimate the value by working backwards from the value of the suggested compensation.
No matter what the valuation strategy, you need only turn to 1 Corinthians 7:23, "You were bought at a price . . ." to know that this particular item is worth the greatest price. Our God had created his most miraculous work ever, and in exchange for it, he gave up a part of Himself. It is amazing to consider the fact that God may have maximized the pain of sacrifice with Jesus' death. First, it was His son who died, a loss that, for many people, can be unequaled. Second, God was there to see Jesus tortured with public ridicule, emotional abandonment, and a slow physical death. In addition, Jesus died at the height of His earthly ministry, squelching the possibility for more years as a human representative of God.
While it is beyond our human imaginations, God deemed the atonement transaction appropriate simply because he considered the compensation of our salvation very valuable, too.
So the exchange took place on a hill in Jerusalem. The Creator exchanged his son for the lives of believers with terms extending beyond anyone's lifetime. And we consider God's Greatest Price to be our immeasurable gain:
"What is more, I consider everything a loss compared to the surpassing greatness of knowing Christ Jesus my Lord. Philippians 3:8.
Have a blessed Easter.
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