This article presents a challenge to classical depictions of the opera
tion and valuation of objects by Trobrianders, and to models of exchan
ge which foreground material things at the expense of social relations
hips. The example of a stone axe blade, and its relevance for an elite
urban Trobriander and member of the lowest ranked of the Trobriand ma
trilineages, is given to argue that economistic approaches to property
, and monolithic notions of group identity, are not entirely applicabl
e to subjects' exchange practices within a postcolonial cultural imagi
nary.