A Patek Philippe Sky Moon Tourbillion men's wristwatch is among the most expensive in the world, costing more than $1.5 million. This is an example of a ________ strategy.

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Prestige pricing is a strategy where prices are set higher to give the perception of high quality and exclusivity, which is applicable to luxury items like the Patek Philippe Sky Moon Tourbillion watch.

A Patek Philippe Sky Moon Tourbillion Men's Wristwatch Is Among