“…The motivation for exploring this topic and this specific problem arose from examining new trends in the luxury goods markets, which might even threaten traditional corporate strategies. An overview of relevant scientific and expert literature and other sources was conducted, and it was found that scholastic literature mainly focuses on assessing the psychological aspects of consumer's desires for luxury goods for displays of wealth, status and prestige (Han et al, 2010;Hennigs et al, 2015;Hennigs et al, 2016). Many different characteristics of luxury goods have been assessed (Kasztalska, 2017;Tekin et al, 2016;Fuerst and Shimizu, 2016;Hennigs et al, 2015;Hennigs et al, 2016), as well as luxury purchasing motivations (Han et al, 2010;Caserta, 2008;Yang and Mattila, 2017) and influencing factors on consumer buying behaviour of luxury goods (Nwankwo et al, 2014;Ramya and Mohamed, 2016;Singh et al, 2014;Tekin et al, 2016;Thangasamy and Patikar, 2014), all of which play a major part in affecting and forming consumer behaviour in buying luxury goods.…”