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post #21061 of 57236
Some people are prepared to pay a tonne for a genuine item from a famous brand name.

This attitude is extremely prevalent in Asian countries and cultures for some reason that I don't understand (funnily enough, knock offs are also very popular).

The clientele of all the fancy stores in Crown is, for example, almost exclusively Asian: some tourists, some Melbournians.

I have a friend who works at one of them... I think Prada? Anyway she tells me that 95% of the sales are to Asians. The staff (who get commission) have to be quite disciplined so that they continue to treat non-Asian customers the same as Asian customers, even though they know they aren't going to buy anything. She says that Asian customers almost never ask the price of an item before buying, and that the old adage of "if you have to ask how much it costs then you can't afford it" holds true every time...
post #21062 of 57236
Quote:
Originally Posted by lachyzee View Post

She says that Asian customers almost never ask the price of an item before buying, and that the old adage of "if you have to ask how much it costs then you can't afford it" holds true every time...

Or that you can afford it but are curious about how much people are prepared to pay for a label.
post #21063 of 57236
Quote:
Originally Posted by thebrownman View Post

I'm likely going to be spending a bit of time recovering post op and want some things to watch on the TV.

Blake's 7
Dr Who: the Pertwee Years
The Fugitive (TV series)
Perry Mason (early years)
Poirot (Suchet > Ustinov).

George Gently S1 was excellent, though I never really got into S2.
post #21064 of 57236
Quote:
Originally Posted by The Ernesto View Post

Or that you can afford it but are curious about how much people are prepared to pay for a label.

No, that's not what I meant.

If they ask the price, then they are not going to buy it.
post #21065 of 57236
Quote:
Originally Posted by lachyzee View Post

No, that's not what I meant.
If they ask the price, then they are not going to buy it.

OK. So that should be the adage.
post #21066 of 57236
Quote:
Originally Posted by thebrownman View Post

They trade on the basis of name.
Manufacturers misuse Made in Italy in much the same way that consumers belittle Made in China/other Asian nation.

Either way, many products are made by Chinese whether it be in Italy or China. For brief info see: http://articles.latimes.com/2008/feb/20/world/fg-madeinitaly20

 

About 20 years ago, the Italian textile and clothing industry was petrified that cheaper produced clothing and accessories in China would kill them off. Very strangely, what eventuated is that the industry actually grew, because a burgeoning middle class in places like China started purchasing Italian goods. Any luxury brand which doesn't see China as its most important market is lagging well behind.

 

For a double dose of irony, when the Chinese pay enormous prices for the "Made in Italy" tag, many of those goods are produced by Chinese immigrants in Italy!

post #21067 of 57236
Quote:
Originally Posted by The Ernesto View Post

OK. So that should be the adage.

It's not, though.

The famous JP Morgan quote means what it means: you can't afford it i.e. you won't be buying it.
post #21068 of 57236
If you have to ask the price, you probably haven't checked the pricetag or the website.
post #21069 of 57236
Quote:
Originally Posted by thebrownman View Post

^ Looks good mate. Very good (as always).

+ 1

post #21070 of 57236
Quote:
Originally Posted by lachyzee View Post

It's not, though.
The famous JP Morgan quote means what it means: you can't afford it i.e. you won't be buying it.

I understand that many people go in to Prada, have a poke around, ask for the price and then go and say to their friends 'I saw this bag in Prada...guess how much it was...'. I was just making a (perhaps muddled) point that people can go in and ask a price, be able to afford, it and choose not to buy it. Have done it myself.
post #21071 of 57236
Quote:
Originally Posted by lachyzee View Post

Some people are prepared to pay a tonne for a genuine item from a famous brand name.
This attitude is extremely prevalent in Asian countries and cultures for some reason that I don't understand (funnily enough, knock offs are also very popular).
The clientele of all the fancy stores in Crown is, for example, almost exclusively Asian: some tourists, some Melbournians.
I have a friend who works at one of them... I think Prada? Anyway she tells me that 95% of the sales are to Asians. The staff (who get commission) have to be quite disciplined so that they continue to treat non-Asian customers the same as Asian customers, even though they know they aren't going to buy anything. She says that Asian customers almost never ask the price of an item before buying, and that the old adage of "if you have to ask how much it costs then you can't afford it" holds true every time...

I think everyone here understands why, just that we are too politically correct in this age  of "misogyny".

 

It is a phenomenon that occurs when money is begotten too easily without effort or merit.  And not necessarily restricted to Asians, we can include some Russians too.

 

Hence the reason why there is a roaring trade within China for empty bottles of Lafite. Hell, you can flog a Bin 389 in a Grange bottle, and the chances of someone knowing is less than 1%, and even if that person knows, he/she will keep quiet if some other big shot is paying for the meal.

 

Go figure that the annual production of Lafite is 30k per annum, and consumption in China is running at 300k bottle per year.  Same story with high quality maotai.  

 

And go figure why Starbucks cups are reused in China.

 

p/s I always thought the word misogyny sounds like a Japanese broth concocted by a mythical creature residing in a lamp.

post #21072 of 57236
Quote:
Originally Posted by The Ernesto View Post

I understand that many people go in to Prada, have a poke around, ask for the price and then go and say to their friends 'I saw this bag in Prada...guess how much it was...'. I was just making a (perhaps muddled) point that people can go in and ask a price, be able to afford, it and choose not to buy it. Have done it myself.

Yes I understand.

What I was trying to say was, according to my friend in Prada Melbourne, Western customers don't buy 95% of the time that they come into the store, and if they ask the price then this figure goes up to 100%.

I won't speculate as to their motivations!
post #21073 of 57236
Quote:
Originally Posted by lachyzee View Post

Yes I understand.
What I was trying to say was, according to my friend in Prada Melbourne, Western customers don't buy 95% of the time that they come into the store, and if they ask the price then this figure goes up to 100%.
I won't speculate as to their motivations!

lol. It's intriguing isn't it?

The whole Asian obsession with 'luxury' brands amazes me. It certainly has breathed new life into that retail sector.
post #21074 of 57236

Nouveau riche. 

 

Same thing with the Russians here in Europe, after the economy exploded...it's like that one joke:

 

"Look at my new tie," says a New Russian to his colleague. "I bought it for 500 dollars in the store over there." "You got yourself conned," says the other. "You could have paid twice as much for the same one just across the street!"

post #21075 of 57236

It's not necessarily just the Chinese either - it's the same phenomenon in India and other countries where a large part of the population suddenly comes into significant amount of wealth. For them, social status is manifest in Western brands. To an extent you can't really blame them either for a lot of them have come from pretty humble backgrounds and spent their whole lives trying to climb that social and economic ladder. As for their kids, the generation hitting their teens now.....well that's another kettle of utterly effed up fish. 

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