Two hundred dollars. For a frying pan.

You can buy a pan for eighteen dollars at any discount store. It will fry an egg.

So what exactly is the other one hundred and eighty two dollars buying?

The honest answer is a mix of three things, and only one of them is what you would call value.

Some of it is genuinely better construction that will last decades.

Some of it is the store, the lighting, the demonstration kitchen and the person who explained it to you.

And some of it is the pleasant feeling of owning a good pan, which is a real thing people buy on purpose.

Separating those three is one of the more useful exercises in consumer spending, and cookware is the perfect place to practice because the differences are measurable.

Let me show you which part is which.

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