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Is there real value for the money you spend on purchasing a luxury product?

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Question added by padmakumar pathiyil , Marketing Consultant , Management Consultancy
Date Posted: 2014/10/12
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

I believe that spending on Luxury items is in the form of Indirect "Taxation" and the revenue passes through many economic zones.

And in a different way it has got a snob value as expressed by our senior expert Mr. Vinod Jetley.

Haseeb Khalid
by Haseeb Khalid , Sales and Promotion Manager. , Medi Urge

In most cases fair amount of disparity exist between real value and luxury . But sometime real value is way above you pay now. like Patek philippe watch was sold with original value of50000 $ but then resold in one million and then in3.5 million$. 

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Yes. It has snob value.

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