Girish Shambu's manifesto For a New Cinephilia is a call to replace an older 'love of cinema', which universalises its own very specific and contingent history, with a new cinephilia sensitive to political inequalities. In this Insight, Till Kadritzke uses Shambu's framework to discuss the reception history of Barbara Loden's film Wanda (1970), which was recently rediscovered and is now valued as a feminist masterpiece. The case suggests the need to account for the situatedness of any value statement. Thus, the Insight ends with a proposal for a situated notion of value – and a cautionary tale about simplistic celebrations of political re-evaluations.