Inflation Is Driving Secondhand Markets Out Of Control, Here’s Why: Breaking Market Expectations

The video explores the characteristics of luxury goods, focusing on their limited supply, strong demand, and unique pricing strategies. It delves into the concept of Veblen goods, which gain more demand as prices rise. The video also examines the role of authorized dealers in the luxury market, highlighting their relationship with manufacturers and how they manage sales to maintain brand image and customer relationships.

Discuss the relationship between demand and price for luxury goods.

How do authorized dealers impact the sale of luxury goods?

What strategies do dealers use to build relationships with wealthy clients?