from Hacker News

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

by twiddling on 12/19/24, 5:00 PM with 3 comments

• by jerlam on 12/19/24, 7:40 PM

  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.

• by tencentshill on 12/19/24, 7:09 PM

  "...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.

• by twiddling on 12/19/24, 5:01 PM

  https://archive.is/m9SAi