I don't think this is the right analysis, pretty much all products follow an ever steepening curve of price to get to the highest quality. The general sentiment on HN, of which I count myself among, is that you stop before the curve gets too steep. You can stop at Oreos you don't have to pay Stella Parks to make you hers. You get the highest quality thing that isn't commanding crazy premium prices.

But the market for that last 10% 1% 0.1% does exist. Like yes it's funny to make fun of middle aged guys who buy extremely expensive cars and who if actually tested couldn't tell the difference between a $60k sports car and a $160k sports car and there are plenty of businesses that prey on that lack of discerning taste to take advantage but it doesn't mean the difference isn't there at all.