I'm looking for a term that describes goods that have no value for the majority of people, or a fixed value for a small minority.

For example, a random book (not the latest best seller, nor a rare book). For most people it has a value of 0 since they simply don't want to read it and if they were to buy it they'll probably never be able to sell it back. But of course for someone who wants to read it, they might be willing to pay a fair price for it.

It's unlike an iPhone for example, which I might not need but it still has a fixed value since it can be easily re-sold. But that random book has either no value at all for most people, or a fixed value for a few people.

Is there a word to describe this kind of good?

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    Please suggest how you will use this word. Sounds like a niche. – Yosef Baskin Jul 20 '17 at 22:38
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    I don't think you can identify a specific type of goods with that property for the simple reason that all goods have that property. A loaf of bread in my local market has a value of 0 for most people (because they don't want to travel hundreds or thousands of miles to purchase it). But I and the rest of a small population near the market are willing to pay a fair price for it. If anything deserves a special term it would be some good with the rare quality that anybody anywhere would be willing to buy it. – MetaEd Jul 20 '17 at 23:04
  • Not quite ready to turn this into an answer, but "priceless" covers this meaning when the value is extremely high for those who value it. (This is as much an economics question as a language question, BTW.) – Joel Rees Jul 21 '17 at 2:47
  • @YosefBaskin Are you deliberately letting someone else pick that up as the answer? – Joel Rees Jul 21 '17 at 2:57
  • Some items have sentimental value to a particular person or possibly several or even many people--e.g., something belonging to Marilyn Monroe, provided its provenance can be documented. The Bible a president used to take the oath of office would be another example. – Xanne Jul 21 '17 at 4:44

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