A motor cycle (?)
A few years ago, when I had one, I would have agreed as the most expensive single item, but I sold it a few years ago. Now - probably my tools and test equipment as a collection and radio equipment.
A motor cycle (?)

Years & years ago in the mid 80's, Dorks bestest ever mate went to work in Hong Kong for a few months & bought him back a genuine fake Rolex.
An almost perfect copy of a day date oyster perpetual with a fake 22ct gold plated bezel.
I wore it almost every day for a few years & eventually it needed a new battery, so we both popped into Derby's only 'Rolex' dealer of that time.
I remember it like it was yesterday, the little bloke behind the counter took a 1sec look at it & told me "you do know it's a fake don't you"?
Then he did something quite remarkable, he pressed the button that locked down the shop, reached under his counter & brought out my watch's genuine counterpart. The very moment that £48k watch wrapped itself around my wrist I knew that one day I would have one.
I never did buy one, but a special shopping expedition isn't complete if Dork doesn't get to pop into the local 'Rolex' dealer & try on a genuine Rolex.

Probably my mobile phone. You forget how expensive they are.
Lol, you think it does, that's like saying a Fiat Panda does everything a Ferrari does.I've never spent more than £150 on a phone. The Moto G range does everything a £1000 iPhone does.

Lol, you think it does, that's like saying a Fiat Panda does everything a Ferrari does.
Ferrari, or Panda....but typically a more expensive one will do it better and smoother and quicker
quicker over the speed bumps around my way!![]()
Or stopping in front of the speed bump and raising it's nose hydraulics...Panda? The Ferrari would be scraping it's bottom.

No you're completely wrong, the two phones may well 'do the same things' ie ability to take a photo, run various apps, pay at a till or whatever but typically a more expensive one will do it better and smoother and quicker and is a more pleasant experience to use. The same argument can easily be made for virtually anything, a laptop, a car, food, I could go on, for sure if these subtle differences do not matter to you or you have a lower budget then a lessor quality product may be perfectly acceptable. Your work colleague sounds as thick as two short planks and citing that two phones may look alike are poor example of your justification.
What sort of car do you drive jp?I didn't say it was not "better", only that it could do the same things.
Most people don't even realise how the more expensive phones are better and don't make any use of those features at all.
For most, iPhones are nothing but a status symbol, for some, they have just been sold the idea that they are the only phones worth having.
My point is, for most people, they are a complete waste of money. Much like Ferraris.