top | item 42463384 Obscene Prices, Declining Quality: Luxury Is in a Death Spiral 5 points| twiddling | 1 year ago |nytimes.com 3 comments order hn newest jerlam|1 year ago 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. tencentshill|1 year 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. twiddling|1 year ago https://archive.is/m9SAi unknown|1 year ago [deleted]
jerlam|1 year ago 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.
tencentshill|1 year 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|1 year ago
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.
tencentshill|1 year ago
Prices of a handbag could go up 10000% and they wouldn't even notice.
twiddling|1 year ago
unknown|1 year ago
[deleted]