Quote:
Originally Posted by monolith 
I would argue that luxury is defined by its affects rather than its pricetag. A Nordost Odin power cable would still be a luxury item if it cost $50.
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You misunderstand the meaning of the word luxury! By definition, luxury and price are inextricably linked.
If something is cheaper than it's competition, it is not a luxury item.
Semantics, but internationally accepted.