But what Cassandra found most interesting was the "Thank You" letter from Sir Terence to his customers where amongst other things he tersely recounted some of the firm's history and the joy (and fortune it brought him). He went on to say, attempting to justify the near-ludicrous numbers of digits in his current catalogue (and I apoligize for not quoteing him verbatim) something resembling:
...prices paid for modern furniture designs have been increasing at an incredible pace. There is a strong possibility that this ocurance is a result of changing perceptions of design in the eye of consumers, and perhaps their justified belief that such designs represent not just an increasing appreciation of design, but an excellent investment for future.I must admit that I was somewhat surprised when I read this. Having multiple offspring, I know that the half-life of an GBP8000 sofa is almost certainly less than immortal, no matter how well-behaved one's brats are. And while I do not wholly dismiss the possibility of such an occurance (being the beneiciary of a smattering of objects d'art handed-down from prior generations), I tend to believe that the real reason is the most obvious one: high Common Inflation in anything other than Asian Mercantilist-sourced goods or services undertaken by low-wage immigrant labour, and that attempts to attribute it otherwise are the embodiment of mere behavioural finance flaws not to mention wishful thinking.