The fact that Liverpool do no want to sell to a rival is their choice & a perfectly acceptable strategic decision, but it's not what was being discussed.
Arsenal bid £40m, this bid has not been bettered, or matched by anyone else, however, they were prepared to pay it, so they therefore value the player at £40m. This therefore sets his current market value at £40m. You are not prepared to accept that sum, irrespective of the rival factor, as you have clearly said you value him much higher. That is of course your prerogative, but the market price is ultimately set by what someone is prepared to pay & that is currently £40m.
If they take less than that in the future then they're taking less than the current market value, that's a simple & undeniable fact.
p.s. Blocking / rejecting, lol pedantry at it's finest.
Wake UP! You really are talking out of your backside. The MARKET PRICE is only arrived at when a deal is concluded. An offer is merely that an offer which may or may not have a direct bearing on the finally agreed price.
If Liverpool had entered into negotiations with Arsenal and agreed a sale price then you would have been safe to bet that the final figure would have been in excess of what Arsenal offered to begin those negotiations. Until you understand that it is the final agreed price that seals the market price then all of your other contentions start from a false premise.
The current market price for Suarez is £22m because that is what Liverpool paid for him. From here on in it is the price at which Liverpool are prepared to conclude a deal that will establish a new market price.
You really are being totally stupid!
, it's part of the reason fund managers can be twats, they make all their money from percentages off imaginary capital gains. Assets are revalued yearly to "market value", so they get a surveyor to revalue (all pretty subjective) the funds' assets (in situations where funds invest directly into property/businesses, rather than fund of funds). Money is then taken out of the fund to pay the fund manager as reward for increasing the value of the fund, even when the real value of the fund is actually not known until sale (of fund or assets).