Comment by hvb2
14 hours ago
> If I pay $5000 for a chair I have reason to expect a lot from it. And more often than not, pricey furniture doesn't actually deliver sufficient quality to be able to defend the price.
That's not the point. A large chunk of the price is the name on it and the marketing/image you associate yourself with. I thin, as engineers, that's hard to relate to. But that is how it works.
The price is not a reflection of quality, it's an outcome of a process to pick a price just enough people are willing to pay.
For years I consistently wore a Seiko around people who had watches that cost more than my car. Proudly. When asked why I didn't have a "proper watch" I'd point out that their swiss masterpiece wasn't nearly as accurate as my cheap quartz watch.
They'd laugh because they knew it wasn't about the accuracy.
And I'd get some satisfaction from the fact that they thought I didn't already know that.
I too own things where the price tag can't be justified by the objective merits of the product. So I do get it. But what they have in common is that these things generally are very good -- but you can get the same level of quality for less. I won't buy a low quality product with a hefty price tag.
Anyway, these days most people around me wear some kind of smart watch. And the funny bit is that the people who own expensive watches now have to choose: show off or practicality :-)
I once paid $3500 for a very deep and low chaise lounger/sofa. It was very high quality. You did have to get used to having your feet on the seat because it was so deep, but it was a great guest bed.
But more importantly, to me, at the time, it looked very cool in my tiny downtown apartment.