Lisa Lehane — April 23, 2006 — Art & Design
References: fao
See your child's portrait preserved for all time on this classic drawing screen. Renowned artist, Nicole Falzone captures your child's likeness with the turn of the knobs, then carefully makes it permanent so it can never be erased. The result is a one-of-a-kind caricature that captures a moment in time in a truly unique display.
Available at FAO Schwarz for $5,000
Implications - Products and services like this may seem prohibitively expensive, but their distinctly unique and one-a-kind appeal is not to be discounted. Consumers love things that celebrate or commemorate family members, and the more personalized that tribute the better. Nostalgia and familial bonds are powerful impetus for purchases on this scale.
Available at FAO Schwarz for $5,000
Implications - Products and services like this may seem prohibitively expensive, but their distinctly unique and one-a-kind appeal is not to be discounted. Consumers love things that celebrate or commemorate family members, and the more personalized that tribute the better. Nostalgia and familial bonds are powerful impetus for purchases on this scale.
Trend Themes
1. Custom Caricature Art - Opportunity for artists and creators to offer custom caricature services to consumers, tapping into the demand for personalized and unique tributes.
2. Personalized Memorabilia - Growing market for products that celebrate and commemorate family members, such as custom etch-a-sketch caricatures, tapping into the power of nostalgia and familial bonds.
3. High-end Luxury Collectibles - Increasing demand for high-end and one-of-a-kind collectible items, like the $5,000 custom etch-a-sketch caricature, driven by consumers' desire to own unique and exclusive pieces.
Industry Implications
1. Art and Design - Opportunity for artists and designers to create and sell custom caricature art, leveraging technology and creativity to capture a moment in a unique and personalized way.
2. Gift and Novelty - Growing industry for personalized and unique gift items, such as custom etch-a-sketch caricatures, catering to consumers looking for special and memorable presents for their loved ones.
3. Luxury Goods - Luxury market niche for high-end and exclusive collectible items, like the $5,000 custom etch-a-sketch caricature, appealing to affluent consumers who seek unique and limited edition pieces to showcase their taste and status.
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