Why is Louis Vuitton so expensive? | CNBC Explains
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- Опубликовано: 12 сен 2019
- Louis Vuitton has held the title for world's most valuable luxury brand for more than a decade. CNBC's Timothyna Duncan explains how the French fashion house gets away with charging so much.
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0:10 it's soo expensive that she can't even show us the real bags
humptyS I’m dead 😂
humptyS lol i agree 😅
😂😂😂💔💔
very astute lol🤣
Haha!
They’re so expensive because people are willing to pay.
Marjo my Coach bags always get compliments too.
Rich people
Marjo probably because you don’t even communicate with people that rich and nobody knows what it is lol
Edie &Andy exacty
@Marjo That's why your neighbor gave it away...
People want to flaunt their wealth, or create the illusion that they’re wealthy. Case closed.
Matt C 👏🏽👏🏽👏🏽👏🏽
It's ok if you are rich and buy these brand's products but buying them just to look rich is ridiculous
Showing off riches is living proof that you own nothing , the rich are too busy focusing on their companies and not their looks.
@@eugeneangwa4466 a well entrenched misconception.
@@dennismarfo3536 doing bling bling does not equate to being a billionaire, in fact warren buffet doesn't spend in massive mansions let alone expensive vehicles yet he is the most respected investor.
$20 is the cost. The rest is how stupid the buyers are.
$20??😅 🤣 So 5 cent take home pay check! You're really good at running a business... Wow.. 😅
Probably people just like it, you can't call them stupid becuz they like it
you should open a sweat shop for your 20 dollar bags.
Ridiculous
Idk why you guys are so pressed over people spending their money on huge brands. Its called marketing strategy, and if you have a huge brand/company, you would do the same for profit, smh😑...
I rather have cheap bag with lots of money inside :)
Both?
Bet you dont have either
people like this is richer than you think....
I agree the bag I use daily is $25 purse I got from winners or Marshall's. This purchase is a wallet inside it has the different bill and credit card slots. It has a chain to use the purse as a small shoulder purse. I got a similar purse from Michael Kors 4 x the price and I feel annoyed using it because the credit card slots too small.
I agree with you 👍☝😊👌✌
i just wanna know the real production cost and profit margin per bag
sgsg mns same thought
they use stuff like gold and diamond
60:40 and thats maximum including R&D, Manufacturing, Distribution, Storage and Transportation.
i think its near to 3000%
Varun Sakhuja 5000%
I think the correct question would be better phrased as “Why do we even need a Louis Vuitton?” 🤔
you dont include "need" when you talking about these brands that boosting ego
Because rich people and I kinda like their bag ngl. But u can replace Louis Vuitton with almost anything. Like why do we need grocery stores when we can go harvest our own food?
I would use Louie bag's n to be honest I STOPPED USING AS PEOPLE WILL SEE ME FOR THE BAG N NOT FOR WHO I WAS...UR PAYING TO WEAR A LABEL N STATUS.
Are you GUCCI ?
Luxury is by definition "not needed". Hm
I got a LV speedy 11 years ago for a milestone birthday. Still perfect today. That's why.
Agreed! Got my speedy 35 in 1989 and still have it. Just got a new speedy for my birthday this year. Forever a customer LV❤
@@michelleplants3005 I placed my first order today. My 40th birthday 🎁. I am so excited LV
@@Oikofugix I want another one so bad. I got the fever!
I got my first Louis Vuitton recently for my birthday and love it 😊
I have Hanes underwear that I have been wearing for almost 9 years now and I take shower every morning which means I wash them every week.
You can buy them at Walmart!
There is absolutely no reason why a leather bag should cost $55,000. No reason. Unless it’s alien leather.
LV is alien .... conscience no value
No bag should cost more then $300. The people that are paying more then that are getting scammed and are blind sheep
@@everettfanor1989 Well, I read someplace that one of their really pricey "normal" bags(not gold plated, for example) is made of "blue crocodile" leather. I didn't know such a creature as a blue croc existed. So maybe that's why a bag might cost 55k. Pretty sure tho that modern techniques can imitate blue crocodile out of vinyl/polyester/etc! The "real" thing is for people like Oprah and Bezos' Ex for whom price is meaningless ;-)
@@normagilpin7841 Most of the bags arent made out of crocodile and cost so much money. Even if a bag is crocodile it should cost under $500. Its all a scam
MONEY/SUCCESS 10Million
Unless, of course, the bag has like 18 pockets and it's waterproof and fireproof, then yeah; it should cost a lot more.
But for a tiny ass bag? I fon’t think so!
Basically, rich people need to find ways to spend their money.
They choose the lowest bidding Mexican for their lawn job but pays highest price for their bag.
cody choi it’s so ass backwards isn’t it?!! Just shows their fucking priorities and why shit is so expensive. 😂
No.... some people just richer than other and need to show that I rich so don't fuck with me.....
Facts
So true
The toilet is ridiculous, it's like the brand would sell everything for money.
I did!!!
The toilet was not an official LV item: it was an artwork by Illma Gore- LV would not offer an item like that, but sometimes these CNBC videos rush things without doing proper research...
Goes to show how egos and vanity inflict some humans.
Because many people feel so *INSECURE* without buying brandy clothes/bags/shoes... Insecurity is one of problems that ppl have nowadays..
They equal that label to who they are and social respect to themselves. That's how superficial consumerism works, a commercial scam!
If you have money, I don’t see the problem in buying expensive quality products. I wouldn’t buy from them even if I did have money but I don’t see the point in criticising the people that do, it just comes off as jealousy.
@@celeste9473 No, I dont mean to criticize ppl, nor feel jealous to whoever buyinng brandy things. I mean, what for? Its their own choice, their own money. But, I just think that nowadays ppl value materialism n lavish lifetsyle more, since they're popularized n promoted by many celebrites, influencers, etc.
And I also know that not everyone feels so insecure because of 'that promoted lavish lifestyle', thats why I said *"many people"* instead of "all the people/everyone"
@@celeste9473 read properly.
Or maybe they just like it ?
Still doesn't explain why the damn bags are so expensive
they create demand and never outsource in china...Its like Supreme but not outsourcing in china...
Because they make the bags really really carefully, and manually.
@@alexroque7550 Not really there are well-made bags made manually in France but the Companies do not have a chance
The price of the bag comes down to the value of the brand. There's no doubt LV uses fine materials for its bags, but that accounts for a marginal amount of the overall selling price. It gets the majority of its price from how people perceive LV, which is accomplished through marketing of exclusivity, luxury, and identity with the rich and famous (such as Chris Wu and Kanye West).
To keep away poor and middle income people from owning them obviously. Artificial scacity set the price.
It will never be expensive as long as no one buys it....
Stupid people makes it worth the while....
@@z3phr0n
Why are you targetting the Chinese?
That's pretty much the mentality of every nationality in the world.
It's not specific to one race.
It's a human thing.
@@dickmelsonlupot7697 No It's not ...look at the video on which country buys the most luxury handbags. The present day chinese culture is one of the most money centric in the world. I have witnessed this first hand and speak from personal experience. Just google for some social experiment videos from china...there was a guy who did an experiment driving a ferrari in china...trying to pick up random women from the streets of china...some people can be so ignorant of facts
@@z3phr0n
And that proves how exactly?
Of course China will have a lot of numbers, for fck's sake they have the biggest population in the entire world.
And FYI,
It's a French company and not Chinese. It was only recently that China caught up with the world's trends.
And for the most part, it has far been going on in other parts of the world and specifically Europe and America than it has for China.
(As per your stupid comment) look at the fcking video.
Even the owner said China has more bikes back then.
Like I said, it's not a "Chinese" thing but a *HUMAN* thing. Humans will always find a way to one up each other. That's true if they were Chinese, French, British, American, Arab or whatever.
It's nothing new you idiot
@@z3phr0n
Numbers don't mean jack sht if you can't even understand the whole context.
z3phr0n are you envious? because you sound a lot like that. You are being racist, and the proof is that LV has been an elitist brand many decades before the chinese had the money to buy their products.
Be the person where you have
$1000 in a $50 bag rather than
$50 in a $1000 bag
Better dont carry anythings! Just bring ur i/d card.. the rest, others ppl pay for ur foods everydays😂😂😂
Wow, well said!
Mediocre, in other words, you can't afford a LV.
Who carries $1000 nowadays everything is on card!
I'd rather have $1050 in a ziploc baggie.
How do you show you are rich and higher in status that other people?
U won't carry your income statement on your shoulder, so you carry a Louis Vuitton bag.
Heh, now I want a bag with a income tax receipt plastered over it to show the world how rich I am... Except I'm not rich so I might get arrested for tax evasion.
you don't need to show anyone that you're rich. most rich people dress modestly
Most people who but these expensive items are "fake rich".
If I had to guess I’d say 60% of the people who buy Louis, Gucci, etc are the fake it till you make it types who portray a fabricated level of success through spending beyond their means and showing it off on Instagram
Joke's on you if you really feel the need to show you are in higher status
People are so easily suckered by marketing just like diamonds.
Exactly ^^^^
I know right? I truly don't understand why humans value diamonds so much, when you can get gemstones that look very similar to diamonds for a fraction of the price.
Misleading Topic. Does little to explain why are they so expensive
Rupesh Ranjan did you not pay attention?
They are expensive because they make their products scarce
I agree with Rupesh. Easy to say they limit the production and handmade in France and use expensive material but everyone wants to do this if it sells well. Should have explained how LV gained so much fame and what is so special about he brand. We all heard of the brand but why is it the number 1 valued luxury brand?
Jay Shim it’s no.1 brand because of loyalty simple, their model is let’s have few loyal customers who will pay as premium. Note the danger with this model is you leave out a large market segment to be served by counterfeit so its a very tricky strategy that not just anyone can operate on
@@alfredozarate4072 I am a product developer of fashion products, including high end bags. What's your excuse for trolling?
its basically us people who make it expensive, if nobody bought it for that price then it would be cheap just like other brands
cuz youre live in cheap family
I think LV is pretty affordable compared to Chanel or Hermes.
Marimar Rivera ikr the Hermès birkins cost so much more lol
They are all affordable if your parents are Millionaires
No way Chanel is way cheaper
@@windskm lol A regular LV bag cost 1-2K, while Chanel cost over 3K+
Song and Hermès is a loan on a house $100k😵
This brand is intended for the rich, so if you want a LV bag and you have to put it on a credit card then it’s not for you.
No, the majority of people who purchase LV put that purchase on a card. The real determining factor is do/can you pay the entire bill when it comes due.
The rich and rich celebrities likely get them for free so that they will be seen carrying them. Then the middle class overextends themselves trying to capture that look of wealth and success. It's kinda sad actually. Why do you think brands like Gucci make t-shirts with their logo plastered all over it, so poor people can feel baller.
@@baquwards" The rich and rich celebrities..."
Actually, it is some rich and rich celebrities.
@@baquwards Exactly right.
Why pay for cash when I can use my cash for fine dining? I use my American Express for Bally’s men shoes and their leather goods as well as my wife’s LV, Hermes, and Chanel but we pay it off every month. Grant it we have great income but it’s better to purchase luxury items than drugs or alcohol. Enjoy life.
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i carry a 15$ backback and i am doing just fine
Atta boy 🗽
No one cares
M S what’s a *”backback”* ?
Come to India will help you get a handbag under 2$
See a Louis owner would spell backpack correctly and you know that hah
Why my net worth is $1
@@skylight2369 stop spending $70 on avacado toast, gen z will crush your generator
Wow i saw ur comments so many times, u r just like Justin Y and guy without moustache
For a Poor person: $1
Just for a Bag: $2500
Just Rich people things.
But that poor man may not even give $1 if he become rich!!
@@niranjanbhat9432 Vain
why is no one talking how beautiful the speaker is. Her skin is glowing, she's gorgeous omg
She is beautiful indeed ❤️
She is, but I'm not attracted to dark skinned women.
@@MrEkzotic who asked you if you interested in dark skinned women.
@@MrEkzotic who cares
.
Many ladies living paycheck to paycheck buy LV bags in order to look "rich" 😏✌
yeah it's sad. that's why I don't believe everything I see on Instagram.
Filipino ai?
lol no I’m pretty sure it’s a replica
Most just have money, not just to look rich.
Fr. I see alot of them with a LV bag thinking I know all of them don't got that money.
the word expensive is relative. it depends on your pocket/bank account. haha
I had been studying economics for four years and based on my study consumption varies according to income.
The more income an individual has the more consumption he/she has to.
Everything French and Italian is expensive
Jash Modi thank you.
But why?
Prestige
Because these stuff symbolise rich, people buy it then show off
Louis Vuitton Price breakdown
99.99% - price of Louis Vuitton label
0.01% - price of the bag (it includes labor, delivery, employee salary, fabrics)
YouCan'tAlwaysGet WhatYouWant 😂😂😂😂😂
YouCan'tAlwaysGet WhatYouWant more like 30%..
Not really.... it business operating, marketing... etc... If you get the limited one it is good price but If you just not smart buyer then..... yeah it 0.01%.... since LV is now not destroy their inventory...
We all know that u are dumb enough to not understand the cost of patent, and we know that u have never worked in industry which has registered a patent product before
@@samy_bouzaglo
So base on your statement. You already said that we are just paying for almost all of the cost because of the brand. Moronic oldman
Because people will go to any lengths just to showoff
I can't stock my stomach with food with that bag, there's so many people who's hungry and in need I'd rather spend thousands of dollars with them than a bag.
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We have a proverb here in Egypt : " The wealth of the A**hole is from the insanes' pockets"
I think it applies here.
رزق الهبل على المجانين.
hahaha aywa
Egypt is an asshole country so ai wonder who's pocket is Egypt come from
That's true. Literally value is given to something with no worth. Things with worth have no value. I agree
ممتاز
Hahhahahahahahhahah I'm done with Egypt now lol
I'm saving up for the $55,000 handbag on my $7000 per year salary. Cant wait.
What's the monthly payment then?
Good luck👏👏
8 years for a bag, excluding household expenses lol
They’ve managed to build a brand that one aspires to just like Apple and they can slap a premium on anything they produce and as long as people perceive it’s brand as exclusive then they can continue to charge more.
Yup, its pathetic. Mind manipulation. Overpriced garbage.
@@whitegoodman7465 pathetic for the company? Or pathetic for the people falling for it?
That's how europe got rich without oil.
Sell $50 product at $50000. 😅
Louis Vuitton is a lot like Apple, you're paying a hefty amount for the brand name.
Oh shut up. Apple has a 36 percent margin much like hp, dell and lower than Microsoft. Louis Vuitton has a 95 percent margin.
@@shashank1630 a triggered Apple fan
Apple atleast give quality..it will 4-5 years atleast without any problem unlike samsung..but LV charges 600$ for average quality
LV appreciate in value while apple phone depreciates after 1 year to 5 yrs your phine is nothing like a trash😆
Simply put:
You pay for the quality, attention to detail, name and history
And there extreme cruelty to animals in there products
So for nothing lmao
I buy vintage... NEVER PAY RETAIL 👍....and ppl have no clue if I paid 1500$ when in reality i paid 50$.... 👍....
Real rich people don’t need expensive handbags to “improve” their image. The most valuable thing is above the neck whether they see it or not.
Mason Tam
Would you rather own a $1.2 million dollar Ferrari or a $4000 Honda?
Would you rather own a Mansion or a house that leaks when you turn on the shower?
There is nothing wrong with enjoying the finer things.
Acting like you are above it all makes you seem equally annoying as a rich snob.
Stop lying to yourself ° there's a lot of billionaires using fancy cars and luxury lifestyle...
Exactly it's their nose
The chin?
@@user-od2ws3xt6w Actually many worlds richest people have a humble life lol
because the owners wanna make a HUGE PROFIT
they do make huge profit actually
What she said does not justify the high price at all. The real reason is a lot of people all over the world are dumb enough to believe that whoever carries a LV is rich.
I'm not spending that kind of money on any bag to please ppl eyes the most I'm spending on a bag is $60TTD which is just 10USD in my country Trinidad and Tobago 🇹🇹🇹🇹
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@christophercook7170 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@davidmike6847 That's very correct sir!!
And that is why most of them end up losing they money to scammers.
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I'm a guy, and I literally don't understand the value of these bags. I rather spend money on a rolex because at least it still works after 20 years and is something I can pass on to other people. With these handbags it just gets phased out by time.
Well no it’s the exact same concept as you’re saying with a Rolex. They last for decades and some of their styles like the speedy, neverfull and alma will never go out of style. Some are financial investments and some are quality investments.
I agree about not understanding WHY people buy these overpriced, supply manipulated product, but I don't know if they get "phased out" since the video itself said that the design hasn't changed for over 100 years.
Fat Guy better spend on car or house
Luxury died when they began to cater to the masses. Hoodies and sneakers will never be luxurious
yeezus excuse me amiri makes luxury hoodies. After you put your feet in etro's runners, you wont want to wear anything else. And they produce limited quantities.
937dboy I said what I said
Agree 100%. All these brands are for new money morons.
MTB435 yes there’s no exclusivity it’s all getting worst and worst
@yeezus Preach! They reached a new low when they started selling slides as well.
I could only imagine what if they sell a bottle of water that they got from the local market, slap some louis vuitton logo and sell it for 999 Dollars
Miss Duncan is lovely to listen to and watch. I wish she was on my daily news casting.
Things will be worth as much as people will be willing to pay. No materials no history can justify the price tag.
Aldo Felipe ya heard of Bespoke?
Thank you sir. Prices are all made up in some board room. Its all scams
You are correct, it's basic economics. Supply and demand. If people continue to demand that product the manufacturer will continue to produce it, even at a higher price.
Answer: Because idiots are willing to pay high prices to feel better about themselves.
Insecurity man....its killing this generation
When u have money, it has to go somewhere. U dont want to be the richest person in the grave.
When People can't afford luxury so they call People who can idiots 😂
Hard pill to swallow at one point ,
@K. Cook well said
I recently bought one for my wife's birthday.
She had been begging for one for years, but I just couldn't figure it out.
Finally came yesterday. I looked at it, examined it. I know leather working fyi.
The purse does use nice leather and the stitching is perfect. But outside of that, it's still just a normal purse.
LV is a perfect example of people buying the name more than they are buying the product itself.
But she likes it, so whatever. I don't get it. I've never been the type to buy something for its name recognition. Quality and function is my prime desire. I have a man purse hand made in Morocco....paid $120. That is worth every penny. Super high quality, durable, yet soft leather, cool looking interior, great stitching, durable high quality hardware.....it's a purse I can keep for a life time and will always look good. But it doesn't have the brand prestige.
I don't why people are so pressed over people spending their money on big brands. Its called marketing strategy, and if you have a huge company you would do the same😑...
Because most people here are middle class folk that only knows how to work a 9-5 and wouldn't be able to handle their own businesses.
Because some people don't mind paying a ton of money for a hand bag 🤷♂️
SneakerUpdate Why can’t people spend their hard earned money on things they want?
Then we get global warming 💁♀️
@@jiayangliu lol
"a ton of money" is subjective tho. For some people, the LV bag is affordable. We see it as luxury item, vut some people see it as staple item.
Its not a bag is show you they are better than us. To me I feel bad for those people, I do prefer a Fair trade vegan pretty bag.
I love the comment about having a cheap bag full of money! I wouldn't spend more that £20 on a bag and even then, it would have to be of exceptional quality. I currently use only a backpack which is now 5 years old. The lining died away 2 years ago so I sewed in a new one! From time to time it needs tlc but it still looks great and works perfectly! Xx
great we going sustainable. kudos
My mom’s friend though literally living in a garage got herself a $3,000 purse 😮
But they need customer coming to them every quarter or year and rich person, especially youngster prefer latest trend.
So making it durable is of no use especially for rich people. IPhone becomes outdated every year.
I don't remember which ultra luxury brand but an employee of it was decked out in it and in discussion she said can buy at cost which was 90% off list.
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Manufacturing a bag in France doesn’t justify $50k price. Neither does limiting items. People are just stupid and wasteful.
No, the demand is what does.
Oba O got nothing to do with demand, pal. Everything to do with the company knowing their stupid customers will pay anything. At that price point money obviously means very little
Alexander Carter most LV bags aren’t 50k, let alone 10k.. heck most aren’t even 5k, extremely expensive bags that are 50k+ are either limited edition or heavily limited stock/rare.
bl_vr regardless of the rarity. Anyone selling $50k+ for a handbag knows their customers stupid enough to be convinced that what they are paying is worth it. The price could be $500k+ and LV and you, president of their fan club, would feel it was justified and worth the asking price. It’s a HANDBAG! Also why are we wasting our time debating them?? Peace.
Omg! It's expensive than my house here in Philippines huhuhu hehe!
One of the greatest marketing schemes ever. I can’t comprehend why people fall for this crap. I just got to have it even if I don’t have the money to buy mentality.
Mentally weak they are.
A 7 minute long commercial for LV made by CNBC. I'm sure they would have charged a bomb for it.
I love Louis Vuitton! Then Prada then Saint Laurent. Gucci and Chanel are good too.
here in the Philippines u can find that everywhere worth less than $4 lmaooo
shasha ramos aaahahahhaah ! Lol! They do that here in India as well. 😂
Dv soria
Sage k 😂😂😂😂i see them a lot here as well
Suprised how they didn’t talk about the Supreme x Louis Vuttion collection because that’s what really got a lot of the streetwear people into Louis Vuttion
Happy me that I have had all my LV:s for a very long time and still love them.
Lars Hansen I do also
I normally buy "2nd hand" LV bags but only classic Monogram or classic Damier collections. It's not a waste of money because after few years if you are tired of your bags, you can sell them and get your money back. I normally ended up making 2-5 percent extra. Don't buy brand new, because it will devalue 25% - 50% once you walk out the store.
Rich: LV is so cool
Middle class: rich people are idiots that's why
CNBC: thinks it explains why it is expensive
LV: laughs secretly
Me: write this comment
Me:reads this comment
You: what
Me: see this comment
The way you wrote this comment seriously makes you sound very unintelligent.
As someone living in the most expensive area in California I’d rather have a nice house than a lv bag lol.
Los angelos
The rich have both bag and houses so be humble and appreciate what u have and bless those who have more than u then God will bless your life as well ...coz u may never know how everyone earns his/her money.
You can have both!
Comparing Louis bag and House...are you crazy😂😂😂
Same here in Hong Kong( most expensive city in China) there’re lots of millionaire and billionaires, however most of them don’t buy lots of LV bags, instead they buy lots of FLATS and invest them !
Why is it so expensive? Perhaps we should ask Louis Vuitton himself
I think it's just basic economics. Supply and demand. When people keep demanding and buying your product you keep supplying even at s higher price.
I rather have a Luxury Heart to help who are in need than just show how rich I am but not helping others.
So you think the people who can buy those bag didnt help others? You can still help others and buy luxury things too, because helping others is choice, you dont need to wait until you have enough money to buy expensive things
Did I say that they didn’t help others? I said I rather help those are in need than just showing how rich I am by showing/using those bags.. I rather buy clothes and give it to homeless than buying those bags
@@reyalvinbanares6214 okay, dear. You have a good heart apparently. Congrats, you can start helping others from now tho 💗
@@reyalvinbanares6214 I'd Give to charities and Still use money the way I want it.♥️
Let people live!! I brought my first LV bag cause i liked it. I wanted it and I brought it. People read too much into things like this. It’s really not that serious. I carry my LV bag and my coach bag or my Frye leather bag I buy from TJ Maxx just the same. 💁🏾♀️
Same this envy is unnecessary, those people are the first ones who would buy something expensive if they had the money to do so and there is nothing wrong with it no shame really🤷🏼♀️
Exactly. I actually buy all my designer stuff pre loved or from outlets. So I spend way less money and I’m grateful I have these pieces. I choose ones that fit my personal style and lifestyle. People can judge me all they want but it makes me happy. I have two dollar bags from thrift stores I brag about all the time and I love them the same.
Not too many companies have the ability to stay in business and resist and prevail the economic depressions and world wars. Louis Vuitton has proven that it is more than just a luxury brand.
So if it is MORE than a luxury brand, what exactly are you specifying that it is? I mean in that case doesn't half of religions around the globe have outlasted humans and wars?
@@nickodemusjohnson Well LV and Religion do have something in common. Both are made up values that only matter to people that believe said value.
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I love all the comments about how many people say they would never buy one but they will spend $5,000 on a tractor or $100,000 on a truck. It all depends on what you want I wanted a high quality handmade handbag that would last for my whole life if taken care of properly
Too many salty creatures in the comment sec. I don't own an LV, but I shall not be judge for wanting to buy a designer bag with my damn hard earned money! Get a job and quit judging others! It doesn't make you a better person!
Could not agree more !
you work for it....
Agreed!!
Thanks for another great video!
Answering her question at the end: I carry my ID, cards and stuff on a flip transparent plastic case. Not even a fake leather wallet.
I love how any video about luxury is drilled in the comment section. You guys know if you had the money, then you'd buy their stuff lmao.
it's getting harder and harder to spot a well made 'FAKE' vs Legit by just seeing it
Thats good
I cannot tell a fake at all..
If I am a billionare I would still spend reasonable prices for a handbag.
Atleast spend money and buy powerful telescope.
The beauty u see in the telescope is jothhing compared to what LV provides
@@abcdef-bz7ew LV telescope exists
I have to say the business model used by streetwear brands like Supreme (low supply, high demand, high prices, even higher after market value = higher brand equity at no extra cost to the company) damn smart!!
Perfect demonstration of quality a product and marketing. The price has nothing much to do with its manufacturing, its more about the 'Market" and credibility. People with more money than they know what to do with will pay what ever it takes, the trick is being one of those suppliers. Personally I feel its an obscene waste of money but so are diamonds which are controlled in a similar way by De Beers.
"Why is Louis Vuitton so expensive?"
It's manufactured in France.
"Oh well we can stop right there, it already makes sense to me!"
I still don't understand why LV is so expensive seriously
Not manufactured in France. It’s made in third world sweat shop factories.
GENIUSES!!!!!! imagine having that success, how proud you must be.
it’s not about the price but the quality and longevity. You don’t have to be rich to buy, just save money to afford it. And it’s never about showing off, some people just happen to like it and perhaps passed down through generations. It has been around for a very long time. When I wear or use my lv; it’s not too show, it’s what I like and what makes me happy, I don’t care what people think. I am not rich and don’t claim to be.
Cannot agree more! it is like buying something we like, not to show off. I don't understand why people think others are showing off. They mind others' business too much:P
Yeah, but their quality is not all that great for the price.
It's not expensive for the rich or for those who can afford it. This is why it's a luxury brand. LV is timeless!!
Also why it's disgusting. Buy a poor person a house or buy a handbag..hmmm...be thinking about those choices as you take your last miserable breath
@@quaaludecowboy692 True that
with millions of animals slaughtered for one of the ugliest bag design
@@quaaludecowboy692 Its not the problem of the rich to buy homeless houses..
@@tara2769 The killing of animals actually helps wildlife conservation (in a humane way of course) but your head is too far in the sand to realize.
i do realised that people with insecurity or lack of confidence tends to use materials get the necessary boost.
Brands like LV, BMW, Mercedes, Prada and etc are capitalising on this market.
It's a pity to see such group of people that can't find their own identity and need to hide behind those brands
@E Double on the bright side, you may have bought it for brand appreciation 😀
Me and my fake gucci bag is doing well. I’m coming for you coach!!!
Only fake people use fake brand.
Kor Bang true. We are both fake. 😂😂😂
@@Rin-le7cx I'm not a fake because l don't want to use fake items.
Kor Bang yes u r fake. The fakest there is.
Rin
Coach can be expensive to some people as well
I bought a LV shoulder bag 23 years ago I still use it is my every day I love it, in 23 years I haven’t bought other bag I never feel the need to even look or shop for a purse simply because I am so satisfied with my bag. However when you buy a low cost purse you will be always buying because in few months you don’t like them anymore due to ugliness and if you do the math how many bags would someone buy in 23 years many I am sure. Also my 23 year old still worth many now.
Same! I have one LV, and having it has cut down on the number of other bags I buy. Love it so much!
It’s so expensive becoz he’s known his company is known nd everyone wanna to have something from his company not because there is something special about his brand lmaooo
So expensive? Me in third country seeing LV more like "why louis vuitton as expensive as your entire salary in a year"
Everyone has knocks off. When you owe one people will also think that is a knock off. Just buy a knock off and save your dollar
The manufacture price is substantially low, but the retail markup is extremely high. LV is never discounted tho.
I was just watching to know about their "Profit margin" figure, never mind.
This is coming from a place of truth - I dont and can’t justify spending exorbitant amounts of money on luxury items BUT I do own a few across brands and I must say LV (and other brands) really upholds its quality, style and structure. For me at least it’s more than just a “status symbol” I really do appreciate the quality of these bags and you’ll find that you can’t compare these to a store bought $15 bag...it’s just different.
Zena Cheong well said
IT not for you......
It costs about Euro 300 to make a LV bag is france. And sells for about Euro 1200 in france. All these bags are made in france and production costs are high here.
Wrong, now a days they make their bags in China and do the last finish in Paris.
This is an insane time we live in! We’re doomed! 🤦♂️
One word to explain why :
FLEX
End of story
Bernard Arnault is a visionary, I will do a video about him
What is that so visionary/futuristic about some leather bags ??
@@Ghost-vg6iq it's not just the bags, fashion is huge
@@Ghost-vg6iq why don't you try doing it and then you'll see if it's actually as easy as you think.
@@randyra88 I admit Bernard Arnault is a great businessman.And yeah they are definitely genius at marketing of the brand. But i don't have any idea what's so visionary about "leather bags".