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What (who) is luxury goods - definition
TYPE OF DESIRABLE GOOD
Luxury market; Luxury goods market; Luxuries; High-end; Superior good; Upmarket; Up-market; Superior goods; Luxury brand; Prestige brand; Luxury product; Luxury item; Luxury Services; High-End; HighEnd; Contemporary luxury; Luxury brands; High end; Superior Good; Luxury good; Luxury Retailers; Upscale shopping; Luxury shopping; Luxury department stores; Luxury services; Consumer discretionary; Luxury-goods; Luxury department store; Luxury items; Luxury retail; Luxury arts; Luxury art
![Secular [[Rococo]] luxury or [[treasure binding]] for a book, using techniques from the making of gold boxes, in gold, [[mother of pearl]] and [[hardstone]], Berlin, 1750–1760. By this time such lavish bindings were unusual.](https://commons.wikimedia.org/wiki/Special:FilePath/Ballbüchlein Griot KGM 66-142.jpg?width=200 "Secular [[Rococo]] luxury or [[treasure binding]] for a book, using techniques from the making of gold boxes, in gold, [[mother of pearl]] and [[hardstone]], Berlin, 1750–1760. By this time such lavish bindings were unusual.")
![finished condition in standardized sizes]]. Luxury stores such as this one produce [[bespoke clothing]]—clothing specifically designed for the person buying them.](https://commons.wikimedia.org/wiki/Special:FilePath/Brioniboutique.jpg?width=200 "finished condition in standardized sizes]]. Luxury stores such as this one produce [[bespoke clothing]]—clothing specifically designed for the person buying them.")
![A luxury [[handbag]]. While many handbags are valued on their ability to carry objects, designer handbags are valued based on [[fashion]].](https://commons.wikimedia.org/wiki/Special:FilePath/Kelly Bag.jpg?width=200 "A luxury [[handbag]]. While many handbags are valued on their ability to carry objects, designer handbags are valued based on [[fashion]].")
![mechanical watches]] to become primarily luxury goods.](https://commons.wikimedia.org/wiki/Special:FilePath/Patek-Philippe MG 2583.jpg?width=200 "mechanical watches]] to become primarily luxury goods.")
![[[Luxury vehicle]]](https://commons.wikimedia.org/wiki/Special:FilePath/Rolls Royce Phantom - Flickr - Alexandre Prévot (5) (cropped).jpg?width=200 "[[Luxury vehicle]]")
![Crown of Empress [[Farah Pahlavi]] of Iran](https://commons.wikimedia.org/wiki/Special:FilePath/Výstava valtice6.JPG?width=200 "Crown of Empress [[Farah Pahlavi]] of Iran")
luxury goods
Luxury goods are things which are not necessary, but which give you pleasure or make your life more comfortable.
...increased taxes on luxury goods, such as boats, fur coats and expensive cars.
N-PLURAL
high-end
High-end products, especially electronic products, are the most expensive of their kind.
...high-end personal computers and computer workstations.
ADJ
upmarket
also up-market
Upmarket products or services are expensive, of good quality, and intended to appeal to people in a high social class. (mainly BRIT)
Anne chose an upmarket agency aimed at professional people.
...restaurants which years ago weren't quite so upmarket as they are today.
? downmarket
ADJ: usu ADJ n
•
Upmarket is also an adverb. (in AM, usually use upscale
)
)
Japanese firms have moved steadily upmarket...
? downmarket
ADV: ADV after v
Wikipedia
Luxury goods
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Luxury goods is often used synonymously with superior goods.
Examples of use of luxury goods
1. Several European luxury goods stocks fell on Thursday.
2. Louis Vuitton took eBay to court for selling a range of fake luxury goods online.
3. Thurman, who is the face of the luxury goods maker Louis Vuitton, was amused to disc...
4. Insurers, travel companies and luxury goods makers were particularly badly hit.
5. But an unusual suggestion was a ban on all luxury goods.