Chapotraphouse

This video on the hyperinflation for the hyper wealthy covers the huge markups aspect to cover for the lopsided income strata, but mostly talks about existing conspicuous consumption. However, one area I’ve noticed for emerging conspicuous consumption is sporting events. Sure, there’s always been a divide between the good seats and the nosebleeds, and particular events like the Super Bowl carry higher ticket prices. The difference now is that new stadiums get built, and older stadiums retrofitted, not for maximizing the number of total seats but for most luxury suites, more high end dining options. It’s a switch towards sports games as events for the everyday man to places for the wealthy to get luxury experiences.