The new era of perishable luxury:

Up until this day, luxury implied an element of timeliness: prestigious watches, finely crafted jewellery and vintage cars lasted decades, and would commonly be passed from generation to generation.

The life expectancy of technology items, however, can be counted on the fingers of a single hand. An iPhone is not much use after two or three years, its programmed obsolescence materialising in the shape of an inaccessible software upgrade.