alt Hacker NewsI would say that wearing a sweater knitted by one's grandmother is its own kind of status symbol. I'm more impressed by that (someone having a grandmother willing to invest that much effort in a gift for them) than someone spending $1000 on an item of clothing.
The fact that those items took a long time to make is part of what makes them status symbols though, because if you pay a lot of money for something that took no time to make at all (see most NFTs) you look like an idiot to a lot of people.
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To be worthy that much time is the statussymbol of love. Its a rare thing, money can't buy. Somebody gifts part of his finite time on the planet to you bundled in an artifact.
I like the sweater, and some people like you might recognize it as special, but it doesn't have the universal cachet of a Rolex or something. It's also a bit chunky and funny-looking (but I guess so are some Rolexes).
> status symbol.
This sort of thing was done at a time when everybody did it, and now that it's not done, nobody does it
No kid ever said "did you see the sweater that Timmy's grandma knitted for him? That kid is so cool! "
Mostly because they all had grams sweaters as well.
I don't know what term you were looking for, but a handmade present for someone dear is about the furthest thing from a "status symbol" that I can think of:
- it can't be bought
- it can't be transferred without losing almost all value (ie: it's only valuable to you, or at most your family, eBay doesn't want it)
- it provides no improvement whatsoever in one's social standing