I mean did you really read that?I totally disagree. Hermes bags, which cost 30,000 euros, are assembled (material and labor all included) for 35 - 40 euros!!! Absurdity!
But that's another topic.
Would say it’s spot on for many extreme luxury products. The manufacturer shortens the supply, controls the public reception and sets crazy price points.
It’s in no way related to the costs needed to make the product. They sell you a 30.000 EUR price tag. And that’s exactly what these customers want. To show they are economically able to waste money and don’t have to care.