Veblen Goods are products which are valuable because they are expensive. Where being able to purchase them conveys a social signal that you're of a certain economic class. But often where, the objective utility of the product isn't that much greater than far cheaper alternatives.
Many luxury items are Veblen Goods: A Birkin Bag doesn't function any better than a casual, mass market hand bag of the same size. And strictly speaking, in economics, that shouldn't exist, as people seek to maximize the value of their money by purchasing an equal alternative that's less expensive. But the expense is the point.
