To assign an excessive or inflated value, estimate, or assessment to something. This typically involves judging something more highly than is warranted by its actual qualities, worth, or performance. It can apply to tangible assets like property or intangible aspects like skills, performance, or ideas. The act often stems from bias, enthusiasm, lack of objectivity, or deliberate exaggeration for personal gain or other strategic purposes. This misjudgment can lead to poor decisions, wasted resources, or unrealistic expectations.
Overappraise meaning with examples
- The art collector significantly **overappraised** the unsigned painting, swayed by the supposed history and provenance, despite a lack of concrete evidence. This led him to pay a price far beyond its actual market value, eventually leading to his financial loss and embarrassment.
- The company's leadership consistently **overappraised** the performance of its new software, ignoring customer feedback and technical difficulties. Consequently, resources were poured into an underperforming product, hurting their market position and brand reputation.
- During the negotiations, the real estate agent attempted to overappraise the property to secure a higher commission. This tactic, however, backfired when the potential buyers discovered flaws and inconsistencies in the valuation, resulting in a cancelled deal.
- The film critic was known to overappraise movies starring his favorite actor, consistently giving them overly generous reviews regardless of their actual quality. This practice, however, was later revealed to be due to his personal bias for the actor.