A Quote by Robin Leach
So, you're seeing the Rolls-Royces and the Bentley's still selling for big prices. You're seeing jewelry still selling, art works at auction. There was a diamond that sold for I think 38 million, 48 million, something like that just a week ago. So prices are back up to their highs, getting stronger and more and more people seem to have more and more money to spend.
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We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.
We think of prices as simply the notation of how much we must pay for things. But the price system accomplishes far more than that. Hundreds of millions of people buying and selling, and abstaining from buying and selling, generate a system of signals - prices to producers and consumers about relative scarcities and demand. Through this system, consumers can convey to producers their subjective priorities and entrepreneurs can invest accordingly.
When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset price inflation, we're all for housing prices going up, and we're all for our stock and bonds prices going up. We're just against you workers getting more income.
We ask from the heart that supermarkets, which are now more profitable and selling more, help us to take care of the pocketbook of the people by not raising prices.
If you take a print magazine with a million person circulation, and a blog with a devout readership of 1 million, for the purpose of selling anything that can be sold online, the blog is infinitely more powerful, because it's only a click away.
In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.
Well, we're about 24 million subscribers today, and that's up from about 15 million a year ago, so it's a very high rate of growth, and that's what's exciting about the business - more and more people are getting smart TVs, they're watching Netflix on their iPads.
I think the future fashion will be more and more separated-like, on one side would be big distribution, and on the other side there will be high-level prêt-à-porter and couture. I mean, the prêt-à-porter is already couture in a way for the prices and the way that it's made. The big distribution will allow people to dress in a fashionable way, so this could be for everybody. This part of the big distribution will be stronger and stronger, but the other part we are coming up on is more and more rich people, because we are always thinking about Europe and about America.
I would sell 2 million records, a million went to teenagers and a million went to the adults. So, when The Beatles became so popular, I lost a million to the teenagers, but I was still selling a million to the adults.
I just feel like it's fascinating to me just watching my own family, seeing my cousins have children here, seeing the generations go on, and seeing how people are still very connected to their home, but are actually, of course, Americans too. That sort of a hybrided sense of self is something that I yearn to see more of expressed.
It's a blessing and a curse when your first big public album does so well. 'Twentysomething' sold four million copies - I think we were hoping to sell 80,000. And it's still selling. In some ways, you'll always be defined by that.
Selling more stuff to more people more often for more money more efficiently
As the stars make more and more money - one person gets $12 million, $14 million, $15 million, $20 million - everyone else is expected to work for peanuts. And that includes some extraordinary actors who are, today, working for peanuts because the production companies have decided they don't need to pay these people, and they don't.
Small businesses are seeing huge rate increases every year, and more and more of them are saying they just can't afford to provide coverage. That's part of the reason more than 45 million Americans are now uninsured.
For us, selling a million records in 2005 is the equivalent of selling 2 to 3 million records (five years ago). Rock records aren't flying off the shelves like they used to. Hip-hop and pop are so huge. (But) everything's on the upswing for us.
To have a No. 1 with 130,000 copies sold is, you know, I remember when we first started selling records, in order to have a No. 1, you'd have to sell at least a half a million if not more, for the rock side of things.
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