Wholesale Elite points pricing of $5.60/1K provides a good framework for what a HICV conversion is worth, since this is the value at which I believe anyone can get rid of millions of HICV Elite points with minimal effort.
Assuming you have 1000K points of $4/1K fixed week properties that you paid $4K for on resale market, you value Elite status at $500/year beyond the point value, and your payback timeframe is 6 years, you would be willing to pay the following:
$12.2K = (1000K x ($5.6-$4) + 1000K x ($5.6-$5) + $0.5K) x 6 - $4K
for 1000K fixed week points, $5.6/1K wholesale Elite point value, $4/1K fixed week maintenance, $5/1K Elite cost of renting points, $0.5K annual value of Elite, 6 year payback, and $4K resale investment in the fixed weeks
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