Given that a) it's not something necessary, like a utility and b) the alternative is "it should be free", I voted Yes.
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But, really, if Alice knows Bob doesn't want it, it shouldn't be too hard to leverage that fact in negotiation.
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It's fine if Bob Only Knows Alice casually but if they're friends that shouldn't even be an issue
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Are Bob and Alice friends or is this purely a business transaction?
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If Bob is willing to sell at a price Alice is willing to pay both should understand that it means she likes it more than he does.
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If they're friends, then Bob should probably admit that he doesn't like it, which will allow Alice to negotiate a lower price.
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From an artist's perspective, he still put the work into it and should be compensated for the time put into it. Still a product of value
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I'm sorry, there is no answer to this question. It all depends on the relationship between Bob and Alice. Is Alice a customer or a friend?
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Beauty and value are in the eye of the beholder
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