Today’s most exquisite steaks—think Kobe A5+, Olive Wagyu, and Japanese Wagyu—are now statements, with prices starting at $150 and climbing well above $600 for the top-tier cuts.

Tequila, over the years, has managed to provide stiff competition for traditional spirits like vodka and whiskey.

Since its debut in 2007, the iPhone has revolutionised the smartphone industry with significant changes in its pricing.