Tagged With ‘money’
4 June, 2014
I’ve recently been commissioned by the wonderful Uncommon Guide Books to write a chapter for a forthcoming guide to London on the smells of the city – a kind of scent-tour, if you like. The idea is to give visitors some different perspectives from the standard guides, and also, perhaps, to take them to places and areas that they might not otherwise see.
A few things sprang immediately to mind, but I’m keen to make the chapter varied, informative and entertaining, so if you have any favourite London smells then I’d love to hear from you. Though I need to write it quite quickly I’m sure it’s an idea I’ll come back to, perhaps in a different form next time.
My favourite wheeze so far is to try and identify the smell of money, and to that end I met a friend on the steps of the Royal Exchange, opposite the Bank of England, right at the heart of the City of London. We edged our way through the suited rush-hour crowds, as they hurried home and bunched at intersections, trying to work out what money’s smell might be.
Could it be the smart shops inside and around the Royal Exchange, selling perfume and jewellery and expensive leather goods? Or the people themselves, with their varied perfumes and hair preparations, whose scents mix and mingle in minute quantities, apart from the occasional, overpowering exception?
We tried standing by the main bronze doors of the Bank itself, as employees and visitors trotted in and out, but no mysterious fragrances, redolent of bullion or banknotes, wafted out from its marble halls. In the end we decided that if money smelled of anything today, then surely it would smell like the glass-and-steel atrium of a big investment bank – icily air-conditioned, with almost imperceptible traces of testosterone.
Of course the smell of money is an abstract idea in the end, a concept rather than a physical actuality. But great perfumes have been created on far more abstract ideas than that (think of Guerlain’s L’heure bleue, for example), so maybe we should get bottling and selling it. We might even make some money, and then we could bottle that.
15 December, 2012
Choosing a new fragrance is a tough experience at the best of times, mainly because of the way that almost all perfume is currently sold – in the cacophonous, distracting, high-pressure sales environment of a department store, duty-free shop or (in Britain) a bigger branch of Boots. When it comes to finding the right perfume for you, what you really need most of all is lots of time – time to compare different fragrances; time to discover how they change over an hour or two on your skin; time, more than anything else, to think.
That’s hard enough when there’s a salesgirl on commission standing at your elbow saying ‘Have you tried the new * * * * * ?’ and attempting to spritz you with something that would probably work quite well as a fly-spray for cows. But it’s struck me that there’s something else you need if you’re ever going to start building up a half-way decent idea of the perfume landscape, with all its peaks and troughs. And that is lots of money.
Now we all know that perfume isn’t cheap, and we’re perfectly well aware that its price rarely reflects the cost of its production, even when you factor in expensive marketing campaigns and the inflated fees of cocaine-crazed copywriters. In some perverse way it’s actually part of perfume’s appeal, giving it an aura of exclusivity even though the more sensible part of our brain knows that it’s actually decanted from vast vats in anonymous factories somewhere in New Jersey.
That’s fine, maybe, if you’re the kind of person who buys perfume once a year for Christmas or your birthday. But what if you want to build up a useful reference collection? That’s going to take deeper pockets than most of us have, or years of slow accumulation. Small wonder that so few people feel confident about making an informed choice: how can they unless they’ve smelled a lot of other perfumes so they’ve got something to compare a new one with?
Over the years I’ve bought plenty of perfume of my own, and let’s say (for the sake of argument) that I’ve got around a hundred different bottles now. Given that a low average price for a bottle of scent must be at least £50, that’s a minimum of £5,000 worth of perfume sitting on my shelves, and conceivably much more.
At the same time there seems to be something of a price war going on between the major perfume brands – but a price war that’s going in the opposite direction to most price wars, in that more and more brands are launching what marketeers probably call ‘super-premium’ scents, with even more exorbitant prices than the general run of so-called ‘premium’ fragrances. And this in the middle of a recession that’s leaving many of us feeling anxiously out of pocket. What on earth is going on?
I really don’t have much idea, but my real point is this: if the majority of people can’t afford to buy many different scents, how can they ever be expected to become as informed consumers as they may be, say, about wine – another ‘premium’ product, but one whose costs are so much lower? It’s almost as if the perfume companies would prefer their customers to remain in not-so-blissful ignorance so they can sell them whatever old rubbish they choose to spend their marketing budget on that month. But surely that couldn’t be true?