Law in Contemporary Society

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TakeThatJoneses 6 - 26 Apr 2008 - Main.AndrewWolstan
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Conspicuous doesn't quite cover it
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 yeah, I'd agree with Erika - it must be purely a conversation piece. I've never even heard of this Romain watchmaker guy. It would cost alot less to buy a Rolex and wear that around, if displaying wealth were the main goal. Seems to me, anybody who'd buy this watch wants to put their I-think-outside-the-boxness on display. The fact that it costs 300 thou is just icing on the cake.

-- MinaNasseri - 26 Apr 2008

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This is a classic example of pricing to create a market for something. I don't think this was bought because it doesn't tell time, it was bought because it costs 300K. This reminds me of a story someone told me about when they lived near Lake Geneva, a popular summer destination for Arab oil tycoons and their families. The jewelry shops in the area would add an extra zero to the price of every item because the value to the people shopping was determined by the price, not the look. This may be exaggerated by something cultural, but I couldnt help but think about it.

-- AndrewWolstan - 26 Apr 2008

 
 
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Revision 6r6 - 26 Apr 2008 - 21:00:27 - AndrewWolstan
Revision 5r5 - 26 Apr 2008 - 17:35:53 - MinaNasseri
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