> but it probably took four times longer to make, I doubt it. Luxury goods don't proportionately more cost much more to produce than commodity goods. Instead

> but it probably took four times longer to make, I doubt it. Luxury goods don't proportionately more cost much more to produce than commodity goods. Instead they often derive their value from perceptions and exclusivity. That is people perceive the object to be more value for their own reasons, or they are made more expensive as a proof point of exclusivity / conspicuous consumption https://en.wikipedia.org/wiki/Conspicuous_consumption https://en.wikipedia.org/wiki/Conspicuous_consumption