Oscars Swag Bags down nearly $100,000 in value as of 2020

The Oscars are close again, and attendees of this year’s awards receive a bag worth $126,000 – nearly twice the annual income of the average American – but its value has fallen significantly from just a few years ago.

According Fortune magazine.

The gift bags are created by Distinctive Assets, the Los Angeles-based marketing company that has been organizing the packages since 2002. The bags are worth slightly less this year compared to last year’s total of $137,000, added the magazine. And last year was also a step up from 2021’s massive $205,000 goodie bag and 2020’s incredible $225,000 raise.

But this year’s freebies still include high-priced deals.

The most expensive part of the bag is the $40,000 price tag for a three-night stay at a “state-of-the-art” private estate in Ottawa. The estate has access to lakes and forests and already has two luxury cars in its garage for the use of tenants.

The bag is also awake, with a list of “gender neutral” fragrances and fragrances worth $400. One of the reasons the price of the perfume is so high is that it has emeralds and rubies embedded in its bottle cap.

Other woke freebies include a free plot of land in Australia to aid reforestation efforts and a PETA neck pillow to protest animal experiments.

Then there’s the $435 box of Bateel candied dates, a $12.00 voucher for “body sculpting” at ArtLipo, a $90 “photo shoot kit” that offers ways to prep yourself before walking. on the red carpet, a $9,000 three-night stay at Faro Phare from Punta Imperatore in Italy, $515 worth of luxury skincare products, a $20 loaf of Japanese milk bread and more.

But Distinctive Assets chief Lash Fary says it’s not about great value for money.

“While this giveaway bag has, as always, awesome value, that’s not our goal or our goal. It’s a simple win/win,” Fary said. “These nominees are in a unique position to help the participating brands immeasurably by simply wearing, using and talking about these products.”

Fray added that the nominees were also very keen to get their bags. Last year, he told CNBC that up to 30% of them ask their staff to call Distinctive Assets to make sure their bags are being sent to the right place.

Meanwhile, Biden’s dire economy weighs heavily on the shoulders of ordinary Americans.

A February poll found nearly 60% of Americans say they have less money left after paying their monthly bills and have less money for entertainment, restaurants, incidentals and more. non-essential expenses.

Also last month, a key measure of consumer prices showed inflation accelerating in January as spending, income and savings rose.

The personal consumption expenditure price index jumped 0.6% in January from the previous month, the Commerce Department reported in late February. The inflation rate for the previous month was revised upwards from 0.1% to 0.2%.

And with food prices soaring month over month, half of Americans say they are worse off under Biden.

Last week it was even revealed that used car prices had jumped the most in 14 years, putting middle and low income people at a disadvantage in finding affordable transport to get to work.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston


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