George Clooney or Saddam Hussein? Why do consumers pay for celebrity possessions?

February 14, 2011

A new study in the Journal of Consumer Research sheds some light into why someone would pay $48,875 for a tape measure that had belonged to Jackie Kennedy or $3,300 for Bernie Madoff's footstool.

"Why do people pay money for celebrity possessions?" write authors George E. Newman (Yale University), Gil Diesendruck (Bar-Ilan University), and Paul Bloom (Yale University). "Celebrity items often have little functional value. And because the objects themselves tend to be relatively common artifacts (clothing, furniture, etc.) they are often physically indistinguishable from a number of seemingly identical products in the marketplace."

The authors researched potential explanations for the phenomenon, delving into the concept of "contagion," the belief that a person's immaterial qualities or essence can be transferred onto an object through physical contact. "We were curious to examine the degree to which contagion beliefs may account for the valuation of celebrity items," the authors explain.

In their first study, the authors asked participants how much they would like to own and non-celebrity possessions. They asked about well-regarded individuals (like George Clooney) or despised individuals (like Saddam Hussein). They measured the dimensions of contagion, perceived market value, and liking of the individual. "For well-liked celebrities, the primary explanation seemed to be contagion—participants expressed a desire to own some of the individual's actual physical remnants," the authors write. In contrast, when the items had belonged to a despised individual, people perceived that the items were potentially valuable to others, but contact with the hated individuals decreased the items' value.

In a second experiment, participants reported their willingness to purchase a sweater owned by someone famous (well-liked or despised). However, the sweater was "transformed" by sterilization or preventing its resale. For well-liked celebrities sterilizing reduced participants' willingness to purchase the sweater, while preventing the resale of the item had a comparably minimal effect. "In contrast, for despised individuals, the pattern was the opposite: removing contact only increased the sweater's value while preventing the sale to others significantly reduced participants' willingness to purchase it," the authors conclude.

More information: George E. Newman, Gil Diesendruck, and Paul Bloom. "Celebrity Contagion and the Value of Objects." Journal of Consumer Research: August 2011. Further information: http://ejcr.org . To be published online soon.

Provided by University of Chicago search and more info website

Filter


Move the slider to adjust rank threshold, so that you can hide some of the comments.


Display comments: newest first

geokstr
Feb 14, 2011

Rank: 3 / 5 (2)
Because there's no accounting for taste.
kaasinees
Feb 14, 2011

Rank: 3 / 5 (2)
Cause people are retarded?
xznofile
Feb 15, 2011

Rank: not rated yet
I'll verify contagion, I live near a place where Charlie Manson lived in the '60s, it burned down and they found a Saturday night special in the ashes, nobody seemed to want it except for another loco. his wife gave it to me to get it out of the house, I gave it to the police. it was creepy.
Rank 5 /5 (1 vote)
Relevant PhysicsForums posts
  • Consumption rivalry
    createdMay 25, 2012
  • Bilateral trade between all countries
    createdMay 24, 2012
  • Is the economic foundation of social media in jeopardy?
    createdMay 20, 2012
  • Psychology: Rosenthal and Hawthorne Effect
    createdMay 15, 2012
  • Is GDP and National Income the Same Thing?
    createdMay 13, 2012
  • Difference between hourly wage and real GDP per hour worked?
    createdMay 12, 2012
  • More from Physics Forums - Social Sciences

More news stories

Social welfare cuts ultimately come with heavy price, researchers say

(Phys.org) -- Slashing government funding for Medicaid, food stamps and other programs that serve the poor – while politically popular with some lawmakers and many conservatives – may do more harm ...

Other Sciences / Social Sciences

created May 24, 2012 | popularity 4.1 / 5 (13) | comments 99

Ancient Bethlehem seal unearthed in Jerusalem

Israeli archaeologists have discovered a 2,700-year-old seal that bears the inscription "Bethlehem," the Israel Antiquities Authority announced Wednesday, in what experts believe to be the oldest artifact ...

Other Sciences / Archaeology & Fossils

created May 23, 2012 | popularity 3.5 / 5 (14) | comments 22

Oldest Jewish archaeological evidence on the Iberian Peninsula

German archaeologists of the Friedrich Schiller University Jena found one of the oldest archaeological evidence so far of Jewish Culture on the Iberian Peninsula at an excavation site in the south of Portugal, ...

Other Sciences / Archaeology & Fossils

created May 25, 2012 | popularity 4.3 / 5 (4) | comments 12

Dollars and sense: Why are some people morally against tax?

As the U.S. presidential election campaigns heat up, the economic debate is dominated by bailouts, austerity and, inevitably, taxation. Now a new study published in Symbolic Interaction asks why tax is such an important issue ...

Other Sciences / Social Sciences

created May 23, 2012 | popularity 3 / 5 (2) | comments 12

Oldest art even older

New dates from Geißenklösterle Cave in Southwest Germany document the early arrival of modern humans and early appearance of art and music.

Other Sciences / Archaeology & Fossils

created May 24, 2012 | popularity 5 / 5 (2) | comments 6


SpotterRF debuts Radar Backpack Kit (w/ Video)

(Phys.org) -- SpotterRF has announced a special radar backpack kit designed to enhance situational awareness for soldiers on the ground. The company says its special radar is designed for warfighters as part ...

Australia hails surprise super-telescope decision

Australia has hailed a surprise decision giving it a role in a radio telescope project aimed at revolutionising astronomy, vowing to draw on its decades of experience in space science.

Astronomers seize last chance in lifetime for Venus Transit

Astronomers are gearing for one the rarest events in the Solar System: an alignment of Earth, Venus and the Sun that will not be seen for another 105 years.

Thousands of shellfish found dead in Peru

Thousands of crustaceans were found dead off the coast of Lima following the mystery mass death of dolphins and pelicans, the Peruvian Navy said Friday.

SpaceX capsule has 'new car' smell, astronauts say

SpaceX's Dragon cargo vessel smells like a new car, said astronauts at the International Space Station after opening the hatches Saturday following the spacecraft's landmark mission to the orbiting lab.

Family history of Alzheimer's affects functional connectivity

(HealthDay) -- Cognitively normal individuals with a family history of late-onset Alzheimer's disease (AD) may display lower resting state functional connectivity in the default mode network (DMN) of the brain, ...