4 ms·
Obscene Prices, Declining Quality: Luxury Is in a Death Spiral
- twiddling 2y agohttps://archive.is/m9SAi https://archive.is/m9SAi
- deleted 2y ago[deleted]
- tencentshill 2y ago"...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.
- jerlam 2y agoNot 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_Luster 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.