Podcast Notes /// How to Think Like a World-Class Marketer | Rory Sutherland | The Knowledge Project
💰 Luxury purchases, like a €30,000 Hermès Kelly bag, are Veblen goods, valued for perceived exclusivity. Resale prices often surpass original costs, especially on platforms like eBay. Rory Sutherland highlights self-signaling for ego boosts. Professor Paul Dolan rationalizes his Rolex through "cost per entertainment hour," similar to evaluating video games or TVs. Despite status-driven behavior, luxury items can foster social interactions, as noted in Will Storr's "The Status Game.
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