Luxury Item
Candlefocus EditorLuxury items can range from the most expensive. top of the line goods that cost thousands of dollars, to those of more modest costs. Luxury cars, jets and yachts are some of the most well known examples of luxury items, but there are many other goods and services out there that can also be considered luxuries. High-end clothing and jewelry, art and home furnishings, watches, and private jets and helicopters are just a few examples of goods and services that can be considered luxury items.
A luxury item should not be confused with a status symbol, which is an item that confers a high-status to the owner in the eyes of one's peers. Status symbols differ from luxury items in that the purpose is to impress those without the financial capabilities to acquire such an item.
In addition to tangible goods, luxury items can also encompass intangibles such as private tutoring, private jets, and even bespoke interior design and architecture services. The extent of a luxury item can even go beyond the physical, with the potential for luxury experiences such as private dinners, custom spa treatments and private concerts.
Due to their high cost, luxury items are typically only accessible to a particular segment of society, as luxury goods often come with a hefty price tag. As such, luxury items are often seen as a sign of wealth and are associated with status and affluence. As a result, they often serve as an aspirational item, something that symbolizes success and ambition.
Despite the association between luxury items and extravagance, these goods and services can serve a number of different roles. For many, luxury items offer a sense of comfort and security. For others, the appeal of luxury items is down to the aspirational qualities they offer, for instance, acquiring the latest when it comes to electronics, cars, and fashion.
From extravagant to everyday, luxury items come in many different shapes and sizes. While some may come with a hefty price tag, there are just as many items available to suit different budgets. Ultimately, luxury items are seen as a reminder of success and are often highly desirable within a culture or society.