Crowd-Sourcing: TransferMarket “a marketplace without many of the classical market factors.”

This article taken from yesterday's New York Times is way-too-long to get into on this blog, but it certainly explains a whole lot - for you to find out about Market Value

  . . ."Everybody wants to know what a single player is worth but, deep down, that value is entirely subjective. And it changes almost every day, raised and buckled by tectonic shifts that nobody can control.

In that environment, it is natural that the people whose jobs rest on being able to find — or at least establish — value should seek some way of dampening that volatility, of identifying some sort of signal in the noise.

Transfermarkt did not intend to provide it. But, as Lintz said, “a lot of the people in soccer are not professionals, like surgeons.” They, too, are simply making their best guesses. And in that sort of environment, it is easy to confuse an estimate with a fact, to listen to the wisdom of the crowd, and to interpret it as truth."

The Wisdom of the Crowd

Soccer takes the player valuations posted on the website Transfermarkt extremely seriously. It has never really stopped to ask where they come from.

By Rory Smith Aug. 12, 2021

nytimes.com