A Boring Dystopia

9596 readers

1876 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

[email protected]

271

Now we know how much it costs to make a $2,800 Dior bag (www.businessinsider.com)

submitted 3 months ago by [email protected] to c/[email protected]

60 comments fedilink hide all child comments

57$

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 11 points 3 months ago* (last edited 3 months ago) (4 children)

something has value because it is sold for a lot? Seems weird. If I sell a turd for 2700$ the turd has "value". At what point did it get that value? when someone buy it, or the moment I put it on the shelf on my shop?

[–] minibyte 21 points 3 months ago

Now you’re starting to understand how money is laundered through art.

[–] [email protected] 11 points 3 months ago

Well, yes. But we can still make fun of whoever bought it.

[–] [email protected] 8 points 3 months ago

I mean, I'm definitely not defending this massively overpriced bag, but an artist can spend less than a hundred on materials to make a piece of art, and it sells for millions

The value of the materials and even the labour that goes into making it are not the only things that determine the value of luxury items, value is heavily determined by scarcity in one way or another.

For the piece of art, this is actual scarcity, there may only be one. For the bag, the scarcity is somewhat crazily generated by the RRP meaning many won't buy it and therefore creating the scarcity to justify the value.

It's kinda a microcosm of capitalism, where value is created by the perception of value.

[–] best_username_ever 4 points 3 months ago

If I sell a turd for 2700$ the turd has “value”.

Yes, it works well for bitcoins and NFTs.