ry goods: The myth.
Luxurious goods are those items that are more valuable than others because they are more expensive.
The benefit is not the cost.
There was once a correlation between price and performance. A Louis Vuitton trunk or an Hermes saddle were better constructed for the job they were used to in 1900.
Today, however, it is not likely that a higher-end resort, wine bottle, or clothing item will be of the highest quality. It is just a symbol that the buyer is happy to understand, and maybe show off. Bad performance may even be part and parcel of the value proposition. You can not only afford to pay more, but your feet will hurt.
