added by Danielle Vermeer and · updated 2y ago
Reddit’s RepLadies: Would You Get a Fake Birkin From China?
- As more of our lives move online, the ability to own scarce digital items is only becoming more important, and the NFT-based digital asset market will increasingly mirror the luxury market. An authentic Birkin bag is able to fetch prices hundreds of times higher than the exact same bag in knock-off form because owning the real thing says something ... See more
from The Value Chain of the Open Metaverse by Packy McCormick
sari added
- This paper, for instance, found three common “inner benefits” shoppers experience when buying counterfeit luxury goods: “First, being efficient by optimizing their resources; second, having fun by experiencing adventure, enjoyment, and risk; and third, fooling others expecting not to be caught.” But, the authors add, “most important, through ... See more
from Why Do People Spend So Much on Fake Stuff? by Racked
Danielle Vermeer added
- Given that everyone can now buy designer handbags and new cars, the rich have taken to using much more tacit signifiers of their social position.
from The new, subtle ways the rich signal their wealth by bbc
Danielle Vermeer and added