Just like any premium brand, they fulfill a psychological need that some folks have: To be exclusive, to feel a sense of accomplishment, to be unique, to be viewed as successful. It's basic marketing and there's nothing wrong with it. As someone else has mentioned, there's a premium brand category in most product service categories; Clothes, watches, clothing accessories (eg. purses), wines, cars, food, eyeglasses, writing instruments etc.
Other Uber Expensive retail items are driven by scarcity (supply) and demand; Original Artwork, Wine, Musical Instruments (Stratavarious sp?)
Other Uber Expensive retail items are driven by scarcity (supply) and demand; Original Artwork, Wine, Musical Instruments (Stratavarious sp?)