Snob effect

Examples of such items with general snob value are rare works of art, designer clothing, and sports cars.

A person may reasonably claim to purchase a designer garment because of a certain threading technique, longevity, and fabric.

While this is true in some cases, the desired effect can often be achieved by purchasing a less-expensive version from a reputable brand.

Ultimately, wealthy consumers can be lured by superficial factors such as rarity, celebrity representation and brand prestige.

[3] Collectors within a specific field can suffer from snob effect, searching for the rarest and often most expensive collectibles.