Luxury goods are products that are not essential but are highly desired and associated with wealthy or affluent people. They are bought for several reasons: to support self-worth and status, or for the product's quality and craftsmanship.
Here are examples of some of the top luxury brands and goods in the world:
Here are examples of some of the most expensive luxury goods (with costs noted based on the 2013 pricing at Harrods in England):
As you can see, these items are very expensive and made by famous designers or with high quality materials. They are definitely prime examples of luxury good.