Veblen goods
I&#x27;ve never understood the desire to own things like Rolex watches.<p>It&#x27;s a watch.  It tells you what time it is.  You can get a pretty durable one that&#x27;ll last you nearly a lifetime for under $100, especially if you get a digital one since there&#x27;s no moving parts to break.<p>So why spend $5,000+ on one?  I mean, yeah you might want to get something fashionable and shiny, but that doesn&#x27;t require a $5,000 purchase.<p>I feel that the only reason to spend $5,000 on a watch is so that you can show off to other people that you can afford to piss away $5,000 on a watch, which is just silly.