Lavishly-priced describes items or services that are offered at excessively high prices, often perceived as exorbitant or unreasonable. This pricing strategy usually targets a niche market willing to pay a premium for perceived exclusivity, luxury, superior quality, or brand prestige. It can apply to anything from designer clothing and fine dining to real estate and professional services. The term implies a significant disparity between the cost of production or providing the service and the final retail price. The high cost may not always directly correlate with superior value or functionality, instead reflecting factors like branding, marketing, and the perception of scarcity.
Lavishly-priced meaning with examples
- The art gallery showcased a collection of lavishly-priced sculptures, targeting wealthy collectors. Even though the sculptures were stunning works of art, the prices reflected more than the material costs.
- She hesitated to buy the lavishly-priced handbag. It was beautiful, crafted from the finest leather, but the price tag seemed disproportionate compared to similar bags.
- The vacation package offered was lavishly-priced, including five-star accommodations, private excursions, and gourmet meals. It promised an unforgettable luxury experience for discerning travelers.
- They decided against the lavishly-priced software solution. Its advanced features were impressive, however, they found a cheaper product that suited their needs.
- He couldn't believe the lavishly-priced champagne served at the party. While delicious, it tasted similar to other more reasonably-priced options.