Originally Posted by tom2517
I don't think there is a "fair value" for products like these anyway, they are all over priced.
Precisely what I was thinking.
I've purchased 3 Hermes ties in the past 4? months because I really liked them. Do I think I could have found better ties for half the price? Of course I do. Do I think that Hermes goods are worth what they charge? Of course I don't. No purse is "worth" 35,000 dollars, just like no watch is worth 25 million. It's worth what it cost to make it/market it - its "price" however, is a number on a tag that someone came up with to define a profit margin and establish product exclusivity.
Fair value is a term whose meaning is COMPLETELY lost in the realm of luxury goods.