Don’t Expect a Great Gift From Your Rich Friend This Year

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WHAT IS THAT IN HIS HAND? Photo: Wisconsin Cheese Man

The rich are prioritizing this holiday season. "It's economies of scale," a concierge from Abigail Michaels tells the Observer. "Where the person at the most expensive property would buy that [Montblanc] pen, now they're buying the Tiffany key chain [as a gift]. If they were buying the Tiffany key chain, the person today might have switched to the fruit basket." And if they were buying the fruit basket last year, this year they might have switched to the funky processed sausage; if last year they gave funky processed sausage, this year they might give a sheaf of worthless bond certificates from Lehman Brothers, and so on until you get to us. We're giving handfuls of dirt. [NYO]