Gone are the days of the 1950’s when the most prized status symbol was a toaster and foam sofa, and in the 1960’s a washing machine. Today it’s all about houses around the world, haute couture clothes, cars, art, wine, private jets, yachts and even a trophy wife.
But not in Britain where Hot Tubs are the new status symbol there!
In a survey released today hot tubs are thought of as the greatest status symbol followed by a walk-in wardrobe, US style Sub Zero fridge and music speakers in every room. It looks like everyone will be popping the champagne and getting into their swim suit post Olympics.
Other newer items that have hit status symbol prestige are –
Specialty bikes (as in the peddling type). Retailers of custom bikes command only 14 percent of the market, but 44 percent of the dollars and it’s nothing for someone to spend $30,000 on one that isn’t even made to race.
If cycling isn’t your thing, how about an elite fragrance? A fragrance that is designed from your DNA Genetic code and customized individually.
If you are all about animals a Chinese buyer recently paid $200,000 for a racing pigeon, while another paid $1.5 million for an 11-month old red Tibetan mastiff dog named Big Splash (the world’s most expensive dog)
But if you are old school and still like splurging on a car, in Singapore you can now park your pride and joy in your living room at this new apartment block (apartments go for between $7.5mill and $24mill)