Priceyness

Priceyness refers to the perceived or actual high cost or extravagance associated with a product, service, or experience. It encompasses the impression of significant monetary value attached, often implying luxury, exclusivity, and a higher level of quality, design, or craftsmanship than more affordable alternatives. priceyness is often subjective and relative, influenced by consumer perception, brand reputation, and the context in which the item is offered. While a product's price might be high, priceyness also takes into account if the value provided justifies the cost in the eyes of the consumer. It can also involve social signaling, where the acquisition of something with apparent priceyness communicates wealth or status. The allure of priceyness can sometimes overshadow other aspects, such as practicality or value-for-money for certain consumers.

Priceyness meaning with examples

• The designer handbag, known for its priceyness, exuded an air of luxury that appealed to wealthy clientele. Its meticulous craftsmanship, coupled with the exclusivity of the brand, justified its significant cost in the eyes of its target market. The priceyness contributed to the allure, communicating status and sophisticated taste.
• Despite its functional advantages, the priceyness of the specialized kitchen gadget made many home cooks hesitant to purchase it. The high price tag, while perhaps warranted by advanced features, felt excessive given the range of alternative, more affordable tools available on the market. The target market’s value perception was crucial.
• The hotel’s priceyness, reflected in its premium suites and exclusive dining experiences, attracted tourists seeking an opulent vacation. The ambiance, attentive service, and stunning views all played a part in justifying the cost, making the investment feel worthwhile. The price was part of an entire aspirational experience.
• The art collector was willing to overlook the priceyness of the original painting, recognizing the investment as a means to acquire a piece of historical significance. The potential value of the artwork over time, along with its aesthetic appeal, offset the initial expense. The art was sought after, hence the price.
• The priceyness of the electric car, even with government incentives, still put it out of reach for most middle-class families, and it has to be seen as a luxury for many people. The high price tag and the perceived ongoing costs of this type of vehicle compared with the alternatives, limited its market appeal.