Referring to something that has the greatest monetary value or demands the most significant payment compared to similar items or services. This term highlights exclusivity and often implies superior quality, luxury, or scarcity. The high price reflects factors such as high production costs, premium materials, unique craftsmanship, brand prestige, or strong market demand. It often appeals to a niche market willing to pay a premium for a superior product or service.
Highest-priced meaning with examples
- The auction showcased several pieces of art, with the 'Mona Lisa' replica fetching the highest-priced bid due to its historical significance and rarity. Collectors and investors eagerly competed, driving up the price far beyond initial estimates. The final sale price was a testament to its status and perceived value.
- Real estate in the city's financial district consistently boasts the highest-priced properties. Luxury apartments and penthouses, offering stunning views and exclusive amenities, attract wealthy individuals seeking high-end living. High demand and limited supply contribute to their premium valuations.
- For its newest fashion collection, the designer presented a dress as the highest-priced item. Crafted from rare silk and adorned with exquisite gemstones, the dress was positioned as a symbol of status and elegance. This strategy aimed to reinforce the brand's image of luxury.
- Due to supply chain issues, the new electric car model has been the highest-priced vehicle available to consumers, in the mid-sized segment. The costs were affected by the inclusion of advanced battery technology and specialized components. Although consumers were deterred at first, they quickly changed their minds.
- The restaurant's tasting menu was the highest-priced dining option on the menu, offering an elaborate culinary experience with exclusive courses, gourmet ingredients, and personalized service. It was targeted towards clients who prioritized the highest quality over a quick bite.