Originally Posted by
TiHabanero
The most expensive bike I have sold was priced at 11,000. Nope, didn't criticize the customer, but I do have an opinion about the purchase. One of my colleagues had one go out the door at 18,000. Just can't see the value in a bike priced out there into the cosmos. Spend 6-7 grand on a bike and take the other 5,000 and help put some people on good bike shop bikes. Or is that being too altruistic?
It follows the distribution curve of wealth. Or at least, it should. There are exceptions but we just don't know what they are. For instance, a sudden and unexpected large inheritance, an exercise of stock options from a high technology employer plan, a big legal settlement, etc.
About the charitable giving: it would be connected but a separate issue, as it may have very little to do with the purchase. Meaning, the charitable giving could be even higher than a mere purchase of bicycle.
A consumer would tend not to disclose his/her financial position to a bicycle retailer compared to his/her financial planner or tax accountant. Colleague or no colleague.