Proving once again that have loads of money doesn't mean one has good taste, these limited edition clown furniture went for $700,000 at auction. There were five pieces commissioned by Murray Moss.
To me, it looks like the new owner has a bozo head and a place to do a pie throw. Actually, the head is a pop-up, and the hole is supposed to represent a bomb blast.
Implications - While many luxury products may present themselves as futile for certain lifestyles, clients with disposable income are likely to find them appealing. Businesses that can create a wide range of unusual luxury items to maintain lavish lifestyles for these individuals will benefit in significant ways.
What's Driving This Trend
- Unusual Luxury Products
- Businesses that can create a wide range of unusual luxury items to maintain lavish lifestyles for individuals with disposable income will benefit in significant ways.
- Limited Edition
- Limited edition products continue to attract buyers who wish to own unique and exclusive items.
- Artistic Furniture
- Artistic and unconventional designs in furniture continue to appeal to a niche market of luxury buyers.
Who This Affects Most
- Luxury Goods and Services
- Businesses offering luxury goods and services that cater to the interests of affluent buyers can benefit from creating exclusive products.
- Art and Design
- Artists and designers can capitalize on the niche market of wealthy buyers seeking unique and unconventional designs in furniture.
- Auction Houses
- Auction houses that specialize in unique and unusual luxury items can benefit from catering to the interests of wealthy buyers.
