Coca-Cola 5 cents chromolithograph poster, 1890s
The pattern
This still is filed under Price-anchoring offer.
Define
A higher reference number is shown first so the real price reads as a concession, not as a starting bid.
Mechanism
People judge a price against the first number they see. The anchor must be a real comparison or it collapses.
Verdict
We have a credible reference the buyer will accept
Why it works
The selling device is borrowed status: nothing is claimed about the taste, and the aspiration in the clothes, pearls and plumes does the work a product claim would otherwise have to do. The price and the command are kept out of the painted scene and placed inside a mirror-frame prop standing on the table, so the artwork stays a portrait while still carrying the offer - the sales line is an object in the picture rather than an interruption of it. The drink is shown served in a branded footed glass, which teaches the fountain trade the serving ritual at the same time as it advertises to the customer.
The big idea
A five-cent fountain drink is placed in the gloved hand of a richly dressed society woman, so a nickel buys a share of her pearls, plumes and lace.
The offer
A glass of Coca-Cola at the fountain for 5 cents, stated inside the small framed mirror on the table: "DRINK Coca-Cola 5¢".
Lines from the ad
DRINK Coca-Cola 5¢Our FavoriteSteal this when
Use this when the product is cheap, undifferentiated and consumed in public: buy the aspiration around the moment of use, and park the price inside a small device in the scene rather than across the artwork.
The emotion
Written to Admiration. It makes the Avoid mistake.
Pearls, plumes and lace on a society woman carry the whole appeal; nothing is said about the taste, so the nickel buys a share of her look with no reason beyond it.
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