Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
20 Feb 2024 Acquired Hermès
“I think the latter part, it's not actually about the dollar amount. It's about the price difference, because if it's three times as much as it was a decade ago, it's harder to trust the intrinsic value of the good if it's fluctuating all over the place.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 20 Feb 2024
- Publisher
- Acquired
- Episode
- Hermès
Transcript context
…There's a gaucheness to it. Right, exactly. They need to have a price that's high enough to signal this is something really, really special. We are more unique than every other luxury brand who's trying to make similar products and have similar positioning, but also it's not so expensive that it's gauche. I think the latter part, it's not actually about the dollar amount. It's about the price difference, because if it's three times as much as it was a decade ago, it's harder to trust the intrinsic value of the good if it's fluctuating all over the place. There probably is an element of defense that they can fall back upon of, well, yes, we sell these things for $12,000, $20,000, whatever. But the moment you take possession, you can turn around and sell it for more.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.