4 ms·
This is known as a Veblen good. https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good
by sidpatil 3y ago
This is known as a Veblen good.
https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good
- gberger 3y agoI disagree. $95 glasses are not a luxury good. I think this might have more to do with the relative saturation of the glasses market at each price point, where there was not enough offer for a midrange product before Warby Parker stepped in.