I had the opportunity to demo a high-performance home theater system for a mix of old and young banker types in their L.A. offices recently. Few of them had ever experienced a true high-performance audio demo, so it was cool to see the youthful exuberance and excitement on their faces as we ripped through several action movie and Blu-ray concert demos.
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Los Angeles Auto Show, running from Nov. 30-Dec. 9, has an entire hall dedicated to the automotive aftermarket and specialty vehicle industries such as mobile electronics. Kentia Hall features an over-the-top array of products ranging from custom muscle cars boasting sizzling 600-plus hp powertrains to customized exotics and the latest in mobile electronics and accessories.
According to a recent Prince & Associates survey, 34.9% of the uber-wealthy (households with a net worth of $30 million or more) estimated they'd spend $42,000 on A/V equipment and services during Q4 of 2008. In a season of dismal numbers, dealers who work with high-end clients could finally take some comfort.
"I deal with the upper echelon of the entertainment industry and my clients aren't changing," said Joe Cali, CEO of Joseph Cali Systems Design Inc. in L.A. and Santa Monica. "I'm charging my regular fees for design and engineering. My labor hours and charges even went up this year and no one said a hoot about it. What I think we might see, however, is that the number of projects may go down. They might not build that Malibu beach house right now, but decide to wait and look at it again next year."