Law in Contemporary Society

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TakeThatJoneses 7 - 27 Apr 2008 - Main.AdamGold
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Conspicuous doesn't quite cover it
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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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actually, that watch was the give-away at the skadden reception last week.

-- AdamGold? - 27 Apr 2008

 
 
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Revision 7r7 - 27 Apr 2008 - 06:54:53 - AdamGold?
Revision 6r6 - 26 Apr 2008 - 21:00:27 - AndrewWolstan
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