An interesting anecdote that feels relevant is Wu-Tang Clan's album Once Upon a Time in Shaolin, which was only released as a single physical copy, and no accompanying download or streaming option. That's an extreme form of artificial scarcity, but that became a part of the artwork itself.
In what way? It adds an extra monetary cost to replace the playback medium, and an environmental cost to produce that medium, but does it actually make the music itself any more valuable?
But I agree ultimately with your environmental argument.
The answer is in your next sentence. Cost = value.
In fact, the cost can even be infinite if you know that once its fully worn out no equivalent replacement can be obtained for any amount of money (often the case if that cassette/disc issue is no longer manufactured, or if you have an emotional attachment to a particular issue).
Is it though? I think music had value before we invented money, and will surely continue to do so long after society has collapsed.
Even if it is produced again, that is a later edition and some people like to own the first edition.
Hell of an endorsement for an album!
I wishef that they could release to music to YouTube or something, because I'd love to understand the changes that were made to the music.
If they could release it as a limited-time piece, or limited play price, thena lot more people could listen to it.
I know, I know, it's just not that simple, piracy, enshitification, and all that. But it would be really cool to hear it like that again, and a temporary release from the venue would let a lot of other people experience it, and also maybe side step some copyright issues.