A wealthy industrialist purchases a Van Gogh painting for his new home.He pays $140 million to procure this piece of work.In this case, the painting is an example of a(n):

Question

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The Van Gogh painting is a prestige product because it is a high-end luxury item that is purchased primarily for its status and exclusivity, rather than its utility or convenience. Its high price tag and association with a famous artist makes it a symbol of wealth and taste.

A Wealthy Industrialist Purchases a Van Gogh Painting for His