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Legion,
I believe that has been done already – I forget when but I remember reading about a “bodega installation” somewhere.
Reading this discussion reminds me why I suck at economics: so many different angles to consider, who can possibly think of them all?
Luxury goods and art are just hue-mons chasing things because they are scarce and other hue-mons are chasing them too. If there were a machine that could mass produce mona lisas precisely like the original they would be worth little more than the cost of production. The original would still be worth $$ just because it’s the original — nothing to do with artistic integrity or anything, it’s just that there can be only one original so therefore it’s scarce. The art world is a bunch of fart sniffing hue-mons chasing things because other people chase them. The people who do well are the ones who can predict what the other hue-mons are going to chase next. Remember pet rocks? That’s art for children. Exact same principle.
**Idea Lightbulb**
A “Conceptual Bodega”
to be opened in a marginal neighborhood on the
cusp of gentrification.
Set up to look and feel exactly like an
authentic Brooklyn bodega complete with yellow and red awning and windows stacked high with detergent.
Sell pop art versions of familiar items to be mass
produced by interns.
Fake rolls of paper towels,
fake twinkies
fake cigarette packs, etc.
Set up pricing dependent on market demand.
An interesting experiment in art and economics.
Seek private grant monies to fund and franchise.
In Park Slope, does a buck or two here and there really have an impact? Or in BoCoCa? ie 8 blue marble scoops are probably like 2 to them right – same as 3M houses are like 800k to them
bxgrl, not only is production but almost the mega retail stores are opening in China. rest of world is broke vs. China is consuming tons of lux goods.
Perception is important in the market – that’s why a P&G reduces content size instead of raising prices.
Does anyone remember the ice cream brand – Frusen Gladje? That brand was considered luxury followed by Haagen Daas back in the 80’s!
A lot of “luxury” goods are being produced in China, dulling some of that luxury, handmade luster. Vuitton, Fendi, etc. have moved a lot of production there.