It seems that for Draco mildly humiliating Harry is more important than stripping him of an asset.
I agree with the notions posted before. There seem to be a lot of magical objects money can buy. Draco not recognising the value of this item is a testament to his arrogance.
After all, in the real world there are rumours of Bullingdon club members burning £50 notes in front of homeless people, so drawing a parallel it could be seen a demonstration of superiority, that neither Bullingdonians nor Malfoys need what pittance others would consider valuable.
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