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Obscene Prices, Declining Quality: Luxury Is in a Death Spiral

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Obscene Prices, Declining Quality: Luxury Is in a Death Spiral

#1

Post by twiddling » Thu, Dec 19, 2024, 5:00 PM UTC

Obscene Prices, Declining Quality: Luxury Is in a Death Spiral
nytimes.com

Re: Obscene Prices, Declining Quality: Luxury Is in a Death Spiral

#2

Post by twiddling » Thu, Dec 19, 2024, 5:01 PM UTC

https://archive.is/m9SAi

Re: Obscene Prices, Declining Quality: Luxury Is in a Death Spiral

#3

Post by [deleted] » Thu, Dec 19, 2024, 5:13 PM UTC

[deleted]

Re: Obscene Prices, Declining Quality: Luxury Is in a Death Spiral

#4

Post by tencentshill » Thu, Dec 19, 2024, 7:09 PM UTC

"...caters to individuals and families with a minimum net worth of $100 million"

Prices of a handbag could go up 10000% and they wouldn't even notice.

Re: Obscene Prices, Declining Quality: Luxury Is in a Death Spiral

#5

Post by jerlam » Thu, Dec 19, 2024, 7:40 PM UTC

Not a new phenomenon: this 2007 book describes the strategy of using the luxury brand to sell junk to the masses:

https://en.wikipedia.org/wiki/Deluxe:_How_Luxury_Lost_Its_Lu...

With social media and influencers, there's even more money to be made selling junk.

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