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TLDR: The value of luxury goods is a result of marketing/design, not features. Pretty well-known principle.
by mcantelon 14y ago
TLDR: The value of luxury goods is a result of marketing/design, not features. Pretty well-known principle.
- dageshi 14y agoTrue, but it's not so bad to be reminded of things like this every so often with a nice real world example.
- whatusername 14y agoHave you seen this TED Talk (It's worth a watch): http://www.ted.com/talks/rory_sutherland_life_lessons_from_an_ad_man.html http://www.ted.com/talks/rory_sutherland_life_lessons_from_a... He puts an interesting spin on the fact that in a world of declining physical resources - increasing the intangible value of products is very valuable.