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Publishers seem to think older books are still worth money based on the prices they are asking. There are really only two possibilities:
1. Old books are not worth anything. If so the high prices asked by some publishers for those old backlist books are unjustified and the buyers are paying high prices for things of very little value.
2. Old books are still of value. If so then if you unable to pass these valuable items to your heirs there is a real financial loss. It doesn't matter if your heir himself is particularly interested in the item. If you leave a valuable antique to someone who prefers modern it doesn't lose any of it's monetary worth just because it's recipient has different tastes.
I don't think you can support both views without being seriously confused.
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