[dogma1138]

A big part of spending a lot of money on certain things is the signaling of hey look at how much money I got.

Many luxury things aren’t useful, they are either a good way to store wealth in a manner that is less susceptible to certain market disruptions and even the reach of governments this is where gold and art come in or it’s a way to show everyone that you have so much money that you can afford to buy toilet paper made out of the fiber of some engineered pigmy pine trees grown in low earth orbit.

This one is maybe a little bit of both, because as long as there are plenty of people willing to spend money to achieve the latter this one also falls into the former.