A Clive Christian perfume has a thumbnail-sized five carat diamond fitted to the bottle with an 18-carat gold collar. The price of this half liter perfume, at $250,000 includes home delivery in a Bentley.
Cal Spa's GX49 hot tub, a six-seater home spa has 49 super-charged jets, four water-falls with multi-colored lighting, a 42-inch plasma TV, high quality sound speakers, DVD and CD changers, all for a price of $31,000.
Recently, the number, 6666666, was sold as a mobile phone number for $3million. The Vertu line of mobile phones claims that it “can withstand being run over by the very F1 Porsche” and comes with a 24-hour international concierge service; all for a price of between $6,000 to $30,000.
From a consumerist point of view, the value of human life is the present value of his/her spend during his/her lifetime added with a multiplier accounting for the future spend by his/her progeny. Obviously, the life of a rich is worth many times that of a poor. But a small minority is yet to subscribe fully to this Discounted Cash Outflow methodology.
For example, the cryonics institutes (e.g. Cryonics Institute, American Cryonics Society, etc.) charge between $28,000-150,000 for storing dead bodies in extreme cold temperatures hoping for their resuscitation in future when science develops further.
Families of people killed or seriously injured during 9/11 received compensation averaging $3.1 million each. When train accidents happen in