Honestly I am a little off these luxury brands these days. I used to buy quite a bit, but it's all so mass oriented now with prices that really have gone up to an absurd level; the fun has gone for me. I don't want to stand in line for an hour to be 'lucky' to go in. Luxury really has lost it's luster and has become the object of greedy shareholders.
And also it loss its luster with the lines and mass amounts of style they are pumping out each season . A lot of the luxury brands have become fast fashion luxury.
@@ertcg8885 look at Dior, especially Homme Dior, something very unwearable and fast fashion. I really love Dior and I’m also love Maria’s Dior and some of the Kim’s Homme Dior, however, looking back to the brand history, it’s now a fast fashion brand for sure
Me too! I used to enjoy my luxury bags… felt special- nowadays it feels like fast fashion- …everyone wears theses bags … nothing to feel special anymore! Lost the excitement wearing luxury brands -
I have totally slowed down and put all in my mortgage, it will be totally paid off in 6 months and it gives me such a proud feeling. I still buy some luxury but no more than 2/3 items per year. This year I bought a small lady Dior, j’adior heels and a rosegold bracelet
All the brands are being made sloppy, so you can't just point out one. I haven't really noticed a quality issue with LV. Quite the opposite, actually. I just bought a Félicie Pochette and it is FLAWLESS.
I like how instinctly we crave a more slow and meaningful fashion. I love this Sophie. I am a SA at Saks Fifth Avenue and our sales have gone down a lot. Most people are feeling the same way as you. There's a change coming. I thought it was because the middle class is dying but you make great points.
Fully agree. We took a trip to Japan recently which cost maybe a bit less than 2 bags and I wouldn't trade it for the world. I think during the pandemic there was a time when all we could do was shop and I went crazy, now it's not as nearly as interesting. Also helps that brands are not making anything groundbreaking.
I went to Japan this year too! I hadn’t even thought about it like that but the cost was about the same as 2 handbags😮 I went crazy buying designer items during pandemic as well and now that i’m back to traveling i’ve slowed down a lot. The experience of exploring somewhere new is way more fulfilling than buying luxury items!
no bag is worth over 1k really... we are just paying for the brand! I am with you on rather pay for vacay than the bag! just been back to Philippines and stopped by in Singapore! had a great time! ❤
The economy is not great in the US, but the economy in France, Germany and Italy are stagnant if not shrinking. Maybe Asian countries are keeping luxury brands afloat?
Asia seems to be flourishing.. America is propaganda- only the 1% of the 1% can regularly shop at these stores monthly. Asia it seems many very young people have the buying power… Makes you wonder.
Agreed Sophie! Ridiculously expensive prices to the point of greed, poor quality and boring designs are why I checked out of any new products from luxury brands. I still have bags in amazing condition from the late 90's and early 2000's. All Gucci and Fendi. My vintage Chanel bag ( auth card has date of 89-91) is built like a tank lol. It will last forever! I use them all everday. Luxury brands are so creatively bankrupt that they keep doing bag reissues like the Prada nylon and Dior Saddle bag. Rather buy an original version. And excellent point, I love what I already have and these days, I'm shopping my own closet. 😎
Preach It!!!!! TRAVEL AND EXPERIENCES #1!!! This has been my thinking for decades. I traded travel for handbags during the pandemic. Back to traveling now!!! The luxury world pricing does not seem to understand that their competition is travel and retirement savings not mortgage and utilities. Also, my safety is MOST important; luxury companies are exposing us to danger because of their new and pre-loved prices. Approximately (not on sale) $300 to $2,000 luxury handbags and especially local Italian bags have great craftsmanship and great leather without the high prices endangering our lives and competing with travel cost. Love that you’re honest about maybe purchasing in the future. Love your for you being you and being a great person. Seeing the world and experience life, Priceless ❤❤❤
Hi Sophie, I think this is my first time commenting! I haven't bought a bag from a high-end brand since about 2019! In 2020 - 2021, I didn't really see a point in buying and I wasn't spending enough time outside to justify adding another expensive bag to my collection. Like you, I have been putting things into perspective and thinking about what else I can do with my money i.e visiting new countries. I also have thought about the amount I have spent on bags and compared it to the costs of my holidays. Recently I went to on a 6-day city break in Europe and flights and accom cost about £300! I find that going on holiday and having enriching experiences like these are a better way to spend my money. Regarding bags, I still have a wish-list and my number 1 bag retails for £1200, but I don't think it will give me the same satisfaction as visiting other countries. Also, the bag I reach for the most these days is my £14.99 Uni Qlo bag so I *cannot* justify spending £1.2k on a bag I'll probably 2-3 times a year. Living in London, I am especially wary of the thieves and being targeted so I do prefer to keep it lowkey a lot of the time.
I’ve definitely slowed down with shopping. The prices are out of control. My last purchase was an Aspinal Midi Mayfair and I love it. Since I’m in the states, everyone who sees it is raving about how beautiful it is. It’s drawn more attention that higher priced luxury bags. It is a beautiful bag with a palatable price and I’m using it almost daily.
People rave about it because it's beautiful but also because it's original and not so easily available in the US. So in a way it's an Hermes / Chanel in the states due to its not immediate and low availability - the very thing said brands do to make their bags more desirable. The scarcity factor always works.
Definately! Quit luxury a few years ago, I kind of grew out. I sold everything, just kept a handful quiet quality bags. The most used is currently a lululemon bag and I'm fine with it. I try to detach from possesions in general and it feels freed. I plan to work less and enjoy more life time which is easier as an essentialist than a shopper
“That’s a decent holiday”. Girl EXACTLY. That mindset just got me a honeymoon to London and Paris (from the US) for under the cost of a new Chanel bag.
I’m at the stage where I couldn’t be bothered with designer luxury anymore (probably because I’m happy with what I already have). Of course there are items I would like at some unknown point in the future, but there are so many other items & experiences that are far more important to me. I completely agree with the non-branded artisan bags, in fact, that is now my preference, it feels much more luxurious than designer bags to me.
I was just having this conversation with my husband about Christmas. We are discussing trips in lieu of these types of gifts. The relaxation you can get on vacation is priceless in this high stress world
I'm a bit bored of it all now. It's nice to have nice things but there's nothing quiet like seeing the world with my husband. Love the video Sophie xxx
Hi Sophie, I'm writing to you from NYC. I flew here two days ago for some medical appointments. I love in Georgia (USA). In between appointments, I did some window shopping on/around Madison Avenue where all the very high end shops are: Hermes, Brunello Cuccinelli, Chanel, etc. NO ONE was in those shops (and during the Christmas holidays!) The staff looked so bored. Staff members were either sitting in chairs and on their phones or just staring off into space. I did pop into Hermes and it was full of people, but very few were actually trying on things. The rest seemed to be there just to look. There was a lot of commotion, like a typical old school department store. It didn't feel elevated to be there - more like a circus. Something is amiss for sure , but of course, retailers are not going to disclose that they are hurting for sales.
I also was in love with the butterlfly Dior. I went to our Dior Store, they had 3 bags there, brand new! All of them had a default. One had a mayjor scratch, 2 of them glue residence on every corner...i was very dissapointed...these were brand new bags from the back from the store - for this price - i did not expect such major defects.... i was so dissapointed and made me think what you get for the money- i think the prices are so high now- but the quality what you get...... such dissapointmend....
Thank you so much for this very interesting video ❤ What I read several times in "serious" newspapers / articles was that luxury brands actually made more money during covid than ever before - mainly because people did not travel and had more money for other forms of "escapism". I also read that this year, Hermes is the ONLY fashion house that made more money than the previous years - all the others are selling less! The numerous price increases, the fear of theft and the quality issues are the reasons I hear the most often. Take care 💕
You are not the only one who has stoped shopping soph im a crazy shopoholic too but didnot do much for my 39 th birthday its okay economies affecting luxury items vastly
Totally agree, I think a lot of us are feeling the price increase fatigue. Moreover there is so much uncertainty with the world it is better to reprioritize a bit.
Same. I got a decent collection. Even though I may show some interest with new collections, it’s not enough for me to pull out my wallet. Luxe buying is like every thing else in life , it has its highs and lows. I’m in my luxe buying lows. I just don’t care for it as I did in the past. I don’t care for the price increases or for the stupid SA relationship game. Like who has the time to carve out 2-4 hours on a weekend to chummy up with a SA in hopes of getting a quota bag? I got better things to do with my day like laying on the couch
Completely agree, Sophie - I also just returned from Italy and there are so many beautiful artisan designer handbags available which are of equal or often better quality than the Top luxury brands. I am still buying but less - I want to have a room for experiences and travel, memories for a life time 💕
Excellent video. I just completed the first floor of my home 🏡; added more value to my house which now looks fabulous 😊This was a better decision for me rather than purchasing a Birkin or Kelly .
I think that luxury is for the people with too much money, not for the average or even higher middle class. None of those bags are really worth that money, they are just a status simbol, nothing more. Of course, those bags can be beautifully designed, but you can always find a great quality dupes, if you want. I have to admit that I love bags and shoes too much, but I always buy good quality no name or dupes because I love to spend my money on travelling the world, trying nice food and wine, buying a nice vintage art...I do not need to justify myself by walking arround with the 5 to 20 thousend pound bags. They are simply not worth it.
Hi Sophie ! Happy you enjoyed your holiday in Italy. I agree the quality issues confirm the fact that designer brands are becoming very fast- fashion ( did you see the new Chanel ready -to- wear advertising posters ?) . I' m into discreet luxury and and let's say biggy waiting lines in front of Louis Vuitton flagship store on Champs-Elysées or Chanel rue Cambon put an ironic smile on my face . Greetings from Paris
I used to keep my eye on a Chanel classic flap and Hermes Kelly but seeing the price increase and quality decrease, I’d rather use that money to travel to a high luxury resort in the Maldives,with Michelin * food,24/7 available,spas,private pool,luxury treatment by the staff and the beauty of nature 70m away from my balcoy.
I tend to think that most people are really pulling back from the insane spending of 2020 and 2021. I've recently sold designer bags I'm not wearing as much anymore and I'm being very selective of what I do decide to purchase. I am also re-directing most of my spending toward holidays and such.
I have recently turned my head away from luxury bags to jewellery where I spent on a luxury piece and although I loved it at the time and still do I am beginning to wonder if it’s really worth it… I’ve just returned from a 3 week holiday since Covid feeling like I could have another holiday if budget and time allow it… I still like luxury bags and jewellery and I seen things that are very tempting but resisted. I guess it’s about finding the right balance while taking current situation into consideration… you have spoken my thoughts, thank you ❤
The contemporary brands quality wise are better than a lot of the heritage houses. It shouldn’t be the case but it is what it is. The heritage houses are expensive but the quality has gone downhill. The designs are uninspired. These brands focus on shock value and vulgarity over actual wearable designs. It’s just not sustainable.
I love watching your videos thinking how your hand gestures would look without your amazing nail bling. The best bit, when your mic picks up the click click when they make contact! 😜
I'm a middle class person who's struggling. I gave up buying luxury bags years ago. Not that I have very much to begin with. I can't travel right now due to health and other reasons. This year I've been buying handmade full grain leather bags from companies I never heard of (until this year) and they remind me of Coach back in the 80s and 90s (except more rustic). I have a low key casual lifestyle so they work out great.
I have spent thousands on travel and have loved every experience. Now I want to buy a Louis Vuitton bag for £1700 and I keep thinking if I don't buy it that it may go out of stock lol. I have just ordered the LV purse which wasn't too expensive but I think it was expensive for a purse...Experiences definitely leave us with great memories and I don't regret them xx
Ageed 100%. I thought it was only me stop buying luxury brands as I no longer needed to meet people as often as before. Many of my bags are sitting in my closet but I don’t want to sell them bc they are investment pieces to me. 😊
Couldn't agree more! I've been put off by the lack of quality and price they are charging for these items. I was in Spain on a work trip last year and purchased a few incredible pieces at unbelievable prices. The quality for the bags and shoes was far superior than current luxury items.
I think we all feel it now.. been there done that. I force myself to scroll through the luxury brands and i want NOTHING. it literally does not excite me anymore. The bags looks repetitive, boring, carried by everyone for the exorbitant price tags which i am not keen to shell out anymore. I am slightly regretting my Van cleef and arpels obsession 😅/collection at some pt. But i am just going to enjoy what I have and i now prefer to buy fine jewellry but from quality non luxury brands❤
Honestly, I don't buy High end bags new anymore. I rarely buy any. After looking at my Health lately I feel that's it's not important to me. I thought I would always be into the bags no matter what, but I guess things change. You can't buy the important things in life. Also, the economy and everything going on in the world changed my mind. THEFT was a huge reason also. I have noticed that I'm much more aware of my surroundings and can't really even enjoy taking my handbags in stores. I feel I need to keep it locked up hidden from the public. People are struggling and would do anything for money. Great video Soph :-) Hugs.
Totally agree. Inflated prices and poor quality across the board . I tried to treat myself to a luxury bag this year for my big birthday and returned all bags, including Hermes, due to poor quality. I'm still on lookout for a bag but losing hope I will find something decent. Maybe it's time I made one myself. 😂
You should! I make luxury bags for a hobby, and on average, each of my single projects costs around $200-300 to make, which isn't much compared to what luxury brands will charge you. I'd argue it is more unique and definitely a conversation starter, as well 😁 not to mention the sentimental value
@@christopherfeatherley great idea. I was actually planning to make my own bag years ago, even bought some leathers but never made effort to make one . Maybe it's time now. 😉
Hello Sophie, business is business, but personally I was appauled by the big price increase during covid. People are dying, but all brands think about is make money, to me it's beyond greedy. And no, 5-10K for these bags isn't worth it anymore. I'm with you about spending on experience rather than a bag. The Italian bags you showed are beautiful.
Luxury is losing its fun for me, too expensive with diminished quality, I have everything I want already and as you say it is not safe to walk around London with anything obviously expensive. I am not stopping buying, just being a lot more discerning. However, as you get older you run out of things to buy and I am not leaving all to the tax man! So I better find something, but it has to be very special, unique and good fun.
I slowed down quite a bit. This year I decided to renovate my yard/landscape, and am add money to my portfolio. I do have a decent collection of both bags and RTW for which am grateful for and I much rather enjoy what I already have.
No I completely agree with you. When u compare it with a lovely trip it turns you off, I have been doing the same thing. I am still buying RTW from Dior and Chanel if I find something that I dont have and would love to have, but bag wise I think I have enough. I am investing more on skin care and hair products… but guys the $800 Chanel face cream wasn’t worth it:))
Totally agree. This year I went into secondary market but for pristine unused condition ..if you are not into trends you can really save a lot of money! More than 25k of bags I paid less than 8k for them … sorry but I can’t fall for the boutique scams! Chanel with their bad quality doesn’t appeal me.. the only bag worth buying in boutique it’s Hermes! LV and Dior I’ve bought before Covid and their outrageous prices..before it was reasonable! 2,5k for a mini lady Dior it’s ok now I can’t justify these prices! Better to spend this money in travel!!
I’ve been having the same thoughts! (Coming from someone who only has a couple of high-end designer bags). I bought my Fendi Peekaboo a couple of years ago for £2.5k which was already crazy money for me. I nearly bought another one but have just decided I will put my money elsewhere now that it’s £3.6k! Love hearing your thoughts ❤
I buy handmade leather items from independent small time designers. Get my initials branded on it and can request changes, with all the works for 200 dollars. Way better than these name brand corporations 😅 get like me hun 😊
Interesting video and thoughtful reasons to pause adding more luxury bags. I truly haven’t worn my Chanel bags in a year and have some guilt and plan to take out over the holiday season to some special theater performances and dinners. I always love having them on those occasions. I am in Chicago, IL and our neighborhood has become a refuge for migrants from Venezuela. I am face to face with more poverty and homelessness than ever before and in light of it I feel more comfort carrying a lululemon bum bag , a coach heart bag I recently added in or a plain Jane canvas tote. It’s not so much a fear of theft but a desire to not flaunt wealth to others especially those who are in such need. I think luxury can become a way to mask our own desire to be seen as successful and lately I maybe have wanted my bag to blend in and not be a source of attention. Stay well and stay safe
Because of Tanner Leatherstein here on RUclips I learned that with luxury you’re literally paying for a name and it’s just not worth it. I recently sold my LV YSL and Gucci bags and I honestly don’t miss them. I’m now looking more into quality leather crafted handbags without a big name cuz I know they’ll last much longer and are reasonably priced.
I went to Paris with my mom in August. It was a last minute Trip. I've seen people going to Chanel but I went to Pólene for a bucket bag I had on my bucket list for over a year. I had a bucket bag but I wore it out so this trip was perfect and Polene boutiques are pretty nonexistent here in the States anyways and I saved $200 on top of the tax free which was a win win.
on my first trip to Paris I also got myself a “mid range” bag and I put the put the apostrophes because my Zadig bag I got is still quite expensive, especially that most of my bags are in the 200 dollars mark at most so a Zadig moon rock was a luxury for me and I’m really happy with that bag. I don’t know why Zadig is not popular in social media but it’s a pretty nice brand, it’s more an equivalent to Saint Laurent asthetic than the classic luxury brands but I love it. You picked something more sophisticated elegant I want something more glamorous rock. Nice choice with Pólene, I might go with that one if I go back to Paris. Zadig is more cool is more in the lines of Saint Laurent Jackemous and Balenciaga than Celine, LV or Goyard. Polene is more sophisticated and classic more heritage.
I’ve definitely slowed down, since last year actually. Not much to do with the economy because relatively speaking, my country has been fairly insulated from the inflation in everyday goods that the rest of the world has been experiencing. I have been spending on travel and wine though. Recently, due to my trip to Italy last month, i’ve also somehow fallen in love with Loro Piana (probably have been influenced by all the quiet luxury going on, and by the fact that a wedding I attended had the same venue as a scene from Succession), i’m now scrambling to buy a vicuna sweater, which is somehow harder to find than expected😂 but actually seriously under the radar quality materials and items that will send me to cloud nine with its luxurious softness is what I am after. Of course, getting travel in and buying it duty free will also be a priority.
❤Sophie I’m actually at the same place as you are ! I’m from Canada and just come back from Paris instead of buying another bag and I had such a great time ! I promesse myself to do more trips 😁
I got a medium Lady Dior in Ultramatte Blush for about $5,200 USD in China back in 2020. I’m happy with my purchase because they brought it back in stock, and I like to have more timeless pieces. Because of this video, I’ve found out that it’s now going for $6,500 in the US (where taxes are lower than in China)!
They raised the prices to a point that makes no sense for what the stuff actually is and what you're getting. With 5k can you imagine all the other fun things you could buy, as you said. I agree with you, unless it's just a one special bag, I would just rather spend more on other things. I didn't mind "wasting" some money on some purses I may not wear too much but now it's like.. mmm no I can go have way more fun with that money because they doubled it all. I've switched to horses and jewelry, I find I get more for what I am paying. Experience and value for what it costs.
Hi Sophie thank you for your video , I totally get your point.. I m 40 , I have build a nice bags collection over the years … Nowadays I can t justify those new prices , I have kids that go to a private school .. So education , trips abroad ( experiences ) are more important to me .. I just got last summer a small lime bag in nylon from Fendi for 1300 euros the cutest thing ever ! Perfect for the season , got so many compliments.. And what I notice with those small seasonal bags I ve been getting from Alaia , Fendi , Prada I don t see them a lot ! I do have double flaps and one Kelly .. I see those bags everywhere ( fake or real one are everywhere ! ) .. So I do stand out for less money which I appreciate ! 💜
I think you’re so right Sophie. I would expect my typical trip of a 4* hotel & flying in economy (but with a nice airline) costs about the same as some of these luxury bags but it’s crazy think 5* & flying business would match. You’ve bags coming out of your ears, so I think definitely invest the money that would’ve been spent into travel & yet still buy those ones that excite you. After Covid we learned not to take travel for granted. You should book Singapore & may I suggest Japan if possible too (I’m trying to nude my mom to go there, I’ve been in 2016…so I’ve researched to death if you’ve any Qs) or maybe Australia. You mentioned you’d like to see there
Completely agree. I’ve had to have one bag repaired….another just started to disintegrate. Both within the same year…from two different luxury houses. I think I may have used each bag perhaps 8 to 10 times each as I try to rotate them. Completely unacceptable. Anniversary trip to Europe next year. So grateful for what I have but it’s so discouraging. The prices, fear of being targeted, and quality issues 😮. Thanks for the video.
Yes, security is a thing. I never travel with my Chanel bag neither LV. I would also not buy expensive suitcase ( like Rimowa ), because it draws attention and you are targeted easily ( especially in Italy ). Folded Longchamp is a way to go for me ( mine is almost 10 years old ).
definitely come to Singapore! it’s really hot and humid here but there’s so much to do and see in our tiny country - and i can send you a list of boutiques to visit 😘
Absolutely agree! I personally buy way less such items, and invest more in technology and devices/machines for production. I also think it’s good that this is basically a “side hustle” for you, besides your actual business! This way you can distance yourself, while full time content creators are going more and more in debt, trying to keep up the haul videos! Best wishes
Gosh the pandemic really altered my spending behavior so much. I have actually gone from wearing Chanel, LV and Dior to brands with low label visibility like Bottega Veneta, Coach, Mansur Gavriel, Staud and Cult Gaia. I also lost interest after the massive price increases. I got my classics and I'm not buying luxury trend bags anymore.
Sophie, you’re spot on. I’ve slowed down buying bags, I haven’t bought a Chanel bag all year and I didn’t even realize 😊. I’ve bought SLG’s, Beanie’s etc., but no bags. The chronic price increases with these brands are disgusting and not to mention subpar quality. We are going on our second European family vacation for the year, far outweighs a leather bag at these prices and this is what we’ll be doing more of. Glad you had a great Italian holiday ❤
I have really slowed down on purchasing from designer brands. I got a YSL clutch for my birthday and also a diamond half eternity band. I love the bag but I almost wish that I had my husband spend that extra money towards a slightly better ring and or another piece of jewelry that I was looking at. But I still love the bag. I think I'm done buying luxury pieces until they slow down on raising prices. For the most part I am content with my designer bag collection. Although I would love to get a medium sized bag into my collection. I have either decent sized bags or small bags/clutches. It would be nice to have something in between. For now though we are planning on saving for a big trip next summer and also we are in the middle of renovation plans for our kitchen. More important things.
Value is only what someone else is willing to pay for something; be it a bag or a house. So, as long as someone is willing to pay the asking price, that is considered its value. Should an item run out of buyers at the asking price however, that value begins to decrease until it is at a price that someone will pay. I think as quality decreases across the "luxury" (or not so luxury anymore) sector, people willing to pay exorbitant prices may dwindle and we may see a growth stall in the market. The Covid period has perpetuated an artificial inflation of this sector which is unsustainable as both service and product quality decline. It will certainly be interesting to observe over the coming months and years, but I am also allocating funds towards experiences now as opposed to bags and other luxury accompaniments to life . Thanks for the video Sophie, your ideas are always so on point and excellent conversation starters!
Sophie I have followed you for years. I love your change in lifestyle and attitude towards your spending. Yes to many more holidays and cresting memories
Hello my friend!! May I say that I appreciate you following me so much, I’m honestly so grateful 🙏 I’m also so glad you don’t mind the change in direction! I will still do hauls, but not on the level I used to. Hugs to you xx
I totally agree within don't want to pay the games anymore! ".. the price rises have put me off totally. I also agree that Fendi, Gucci r 2 I'm still interested in, but chanel can go pound salt. I'm not paying their highway robbery prices...🎉
Thank you so much, Sophie, for your honest and insightful video. I don't often comment, but tonight I felt like I wanted to affirm what you have shared. It's all about, "opportunity costs," as far as how I want to use my disposable income, i.e. on vacations, home decor, charities, or my passion for fashion--especially handbags. Though I can't take any extended vacations at this time (due to an aged furry child who I don't want to leave at home), there is the most beautiful Lady Dior that I love so much. However, it costs $10,000!! 😱 As much as I love it, for numerous sentimental reasons, I just cannot justify spending that kind of money. Thank you for helping to confirm my decision to pass on this particular handbag, which is truly a work of art, but not at the current price tag. Take care and God bless you and David!🩷
I'm trying to get rid of things in general and decided not to buy my first bag yet. I kind of want to shop with the wife. My style is changing as well. I've just turned 38 and I want different clothes than I have. I'd like to focus on getting my look down then get a nice bag that we can share together and that I wouldn't mind gifting my kiddo later (she's already 10 years old and will want some nice things soon I reckon). I still have to move countries so I will just enjoy your vlogs and my other faves' collections until I can realistically get my first bag. Probably preloved tbh. Might be fun to shop in person for that at a market or something. I'm a bit curious what's on offer in Austria and looking forward to sharing closets with my spouse. That'll be good fun. ❤
I love your flowers in the background, beautiful 😍. You looked like you really enjoyed yourself with David on holiday. Definitely do more of them Sophie, it's good for the soul xx
This video was so useful💗. I definitely agree with the price rises, I’m mid 20’s and looking at my lux wishlist and actually taking items off because the prices are just going up when instead I can go on trips abroad like you say here. I definitely been looking at pre loved markets for those items ie Chanel and Dior as I would love a Chanel 19. Think it’s all down to Covid but I believe people are less buying lux items because there so much sadly and cost of living crisis.
Im also in the same stage with you, Sophie! I feel like there are something more valuable out there, such as building my business, education, traveling and experience! I'm also felt the same for buying luxury bag in the moment and it probably stay like this now, and also felt I already have "the bag" and dent want anything unless the quality and design is worthy. For me, I also think I kind of graduate from Dior but recently very into Burberry for the quality, quilt luxury feel, and the price as well! Nowadays. I felt if I wanted to buy anything that is for that kind of money but in luxury world, I would rather buying watch such as the timeless design of Tank Louis from Cartier or their jewellery. Daks or other classic brand's blazers or coats and some ice quality dress shoes or loafers that can be wear for many year but never go out of the stye.
I'm sticking with Aspinal of London and Strathberry for my dream bags. Luxury leather without the higher price tag and without the poor quality. I'm waiting for Aspinal to come out with the Madison tote in a beautiful blue color again.
Love your chitchat sessions. Agree with you on everything. Yay for Prada - it’s my first luxury bag and so I’ll always have a soft spot for this brand. I’m stopping with the bags and focusing more on affordable luxury RTW (especially past seasons/discounted) as I want to build a capsule wardrobe out of quality pieces.
Sophie, i COMPLETELY agree with you. Once you buy a few of these bags... spending that kind of money is beyond stressful and makes me, personally, think what is wrong with me to spend that kind of money on a handbag. Because at the end of the day, it's still a bag. I will say my two Bvlgari serpenti bags and my ysl sunset medium were worth the money for me. Esp the Bvlgari because that looks and feels substantial. I've slowed down massive. I have a good collection, but I've stopped purchasing luxury bags specifically. My dream bag is a very rare version of a chanel 19 but that bag is 7-8k!!! I just can't.... i could take my family on vacation for a long while for that money. An experience that you can't put a price on.
Yay Sophie! I'm asking myself the same questions for some time. An experience or another expensive 'stuff' which is going to give me stress every time I damage it while enjoying outside. I believe we are in the right track. Lots of love
I have to pause to remember to comment on this. 😁 I totally agree with you Sophie about comparing buying a bag or to something that you can only experience once in your life. Once I have what I wanted for bags I felt the same. Looking and watching people unbox is just enough for me to enjoy luxury bags. I love them but I don’t feel like buying them. You know what I mean. And most especially my kids are growing so fast, me and my husband really enjoyed traveling with them. So worth spending.
Sophie I used to love my designer items but since Covid I have different priorities, like health and good holidays, so others are now thinking like you xx
I agree. I buy designer bags infrequently; maybe one every two years. I bought my first designer bag over a decade ago, took a break for a few years, and then bought my second bag maybe 5 years ago, my third two years later, and so on.. My closet isn't full. I've been hearing about and seeing all of the issues that you talked about in recent years, so my motivation to "collect" really isn't there. Maybe it would have been if I bought more when I first started. Anyway, I'm looking to add a few more classic pieces, a few small leather goods, and after that I'll be done. I'll always enjoy luxury and shopping, but I also love experiences and traveling. For me, personally, life is best lived with as much balance as possible :)
i’ve purchased all the bags i could possibly want by now. and i’m 25 and i don’t necessarily regret all my purchases but i do look at the polene bags lately like “you know i didn’t need to do all that”.
Thank you for making this video. It is very true for all you have mentioned. I have stopped buying brand new. I look for prelove because it is more value for the money. The price inceease does not justify the quality. I have used my money for holidays with family, great meals with family and giving back to the community. If I find something worth the money I will buy it. In this fragile times, I feel spending time with loves ones, family, experience is more important.
If I were you I would count my bags and cut it back to my ten favorites and sell the rest as soon as possible. Cut the cord! Use the sale money to travel Europe…. Travel, travel,travel…. You don’t need everything you like…. Love yourself more….
Honestly I am a little off these luxury brands these days. I used to buy quite a bit, but it's all so mass oriented now with prices that really have gone up to an absurd level; the fun has gone for me. I don't want to stand in line for an hour to be 'lucky' to go in. Luxury really has lost it's luster and has become the object of greedy shareholders.
And also it loss its luster with the lines and mass amounts of style they are pumping out each season . A lot of the luxury brands have become fast fashion luxury.
I totally agree with you.
Agree 100%. I rarely even carry mine anymore. I feel like I have a target on my back and don't want to get assaulted over a bag.
It has
@@ertcg8885 look at Dior, especially Homme Dior, something very unwearable and fast fashion. I really love Dior and I’m also love Maria’s Dior and some of the Kim’s Homme Dior, however, looking back to the brand history, it’s now a fast fashion brand for sure
I've stopped buying luxury as well. I'm not under any financial strain. I've simply lost interest in luxury goods.
It ebbs and flows for me...
Me too! I used to enjoy my luxury bags… felt special- nowadays it feels like fast fashion- …everyone wears theses bags … nothing to feel special anymore! Lost the excitement wearing luxury brands -
I used to be a shopaholic 🤑 and now I’m a minimalist my luxury collection is now carefully curated and I’m
Enjoying it so much more now ❤
best way to be
Same!! 👏🏻👏🏻
I have totally slowed down and put all in my mortgage, it will be totally paid off in 6 months and it gives me such a proud feeling. I still buy some luxury but no more than 2/3 items per year. This year I bought a small lady Dior, j’adior heels and a rosegold bracelet
Not only the huge price increases also the quality looses alot like big brands like Louis Vuitton 😢 the price is not worth it….
Louis is better than Chanel in quality. In my opinion
And looks common as f--K!
100% I havent bought lv this year because of this
Didn’t notice quality has changed with LV. Recently bought couple SLGs canvas feels same as my 5 years ago Nice BB for instance
All the brands are being made sloppy, so you can't just point out one. I haven't really noticed a quality issue with LV. Quite the opposite, actually. I just bought a Félicie Pochette and it is FLAWLESS.
I like how instinctly we crave a more slow and meaningful fashion. I love this Sophie. I am a SA at Saks Fifth Avenue and our sales have gone down a lot. Most people are feeling the same way as you. There's a change coming. I thought it was because the middle class is dying but you make great points.
Fully agree. We took a trip to Japan recently which cost maybe a bit less than 2 bags and I wouldn't trade it for the world. I think during the pandemic there was a time when all we could do was shop and I went crazy, now it's not as nearly as interesting. Also helps that brands are not making anything groundbreaking.
Good point!
I went to Japan this year too! I hadn’t even thought about it like that but the cost was about the same as 2 handbags😮
I went crazy buying designer items during pandemic as well and now that i’m back to traveling i’ve slowed down a lot. The experience of exploring somewhere new is way more fulfilling than buying luxury items!
@@agbaby7757 I did look at the vintage bags in Japan :D proudly didn't buy those either!
@@lalaland8185i did purchase a Celine bag from preloved boutique but it was a good deal.
no bag is worth over 1k really... we are just paying for the brand! I am with you on rather pay for vacay than the bag! just been back to Philippines and stopped by in Singapore! had a great time! ❤
The economy is not great in the US, but the economy in France, Germany and Italy are stagnant if not shrinking. Maybe Asian countries are keeping luxury brands afloat?
Asia seems to be flourishing.. America is propaganda- only the 1% of the 1% can regularly shop at these stores monthly. Asia it seems many very young people have the buying power… Makes you wonder.
Agreed Sophie!
Ridiculously expensive prices to the point of greed, poor quality and boring designs are why I checked out of any new products from luxury brands. I still have bags in amazing condition from the late 90's and early 2000's. All Gucci and Fendi. My vintage Chanel bag ( auth card has date of 89-91) is built like a tank lol. It will last forever! I use them all everday.
Luxury brands are so creatively bankrupt that they keep doing bag reissues like the Prada nylon and Dior Saddle bag. Rather buy an original version.
And excellent point, I love what I already have and these days, I'm shopping my own closet. 😎
Preach It!!!!! TRAVEL AND EXPERIENCES #1!!! This has been my thinking for decades. I traded travel for handbags during the pandemic. Back to traveling now!!! The luxury world pricing does not seem to understand that their competition is travel and retirement savings not mortgage and utilities. Also, my safety is MOST important; luxury companies are exposing us to danger because of their new and pre-loved prices. Approximately (not on sale) $300 to $2,000 luxury handbags and especially local Italian bags have great craftsmanship and great leather without the high prices endangering our lives and competing with travel cost. Love that you’re honest about maybe purchasing in the future. Love your for you being you and being a great person. Seeing the world and experience life, Priceless ❤❤❤
Hi Sophie, I think this is my first time commenting! I haven't bought a bag from a high-end brand since about 2019! In 2020 - 2021, I didn't really see a point in buying and I wasn't spending enough time outside to justify adding another expensive bag to my collection. Like you, I have been putting things into perspective and thinking about what else I can do with my money i.e visiting new countries. I also have thought about the amount I have spent on bags and compared it to the costs of my holidays. Recently I went to on a 6-day city break in Europe and flights and accom cost about £300! I find that going on holiday and having enriching experiences like these are a better way to spend my money. Regarding bags, I still have a wish-list and my number 1 bag retails for £1200, but I don't think it will give me the same satisfaction as visiting other countries. Also, the bag I reach for the most these days is my £14.99 Uni Qlo bag so I *cannot* justify spending £1.2k on a bag I'll probably 2-3 times a year. Living in London, I am especially wary of the thieves and being targeted so I do prefer to keep it lowkey a lot of the time.
I’ve definitely slowed down with shopping. The prices are out of control. My last purchase was an Aspinal Midi Mayfair and I love it. Since I’m in the states, everyone who sees it is raving about how beautiful it is. It’s drawn more attention that higher priced luxury bags. It is a beautiful bag with a palatable price and I’m using it almost daily.
Aspinal Mayfair looks 3-4 times more expensive than it actually is.
People rave about it because it's beautiful but also because it's original and not so easily available in the US. So in a way it's an Hermes / Chanel in the states due to its not immediate and low availability - the very thing said brands do to make their bags more desirable. The scarcity factor always works.
I've bought one yesterday;) my first Aspinal bag ❤😊
Definately! Quit luxury a few years ago, I kind of grew out. I sold everything, just kept a handful quiet quality bags. The most used is currently a lululemon bag and I'm fine with it. I try to detach from possesions in general and it feels freed. I plan to work less and enjoy more life time which is easier as an essentialist than a shopper
“That’s a decent holiday”. Girl EXACTLY. That mindset just got me a honeymoon to London and Paris (from the US) for under the cost of a new Chanel bag.
I’m at the stage where I couldn’t be bothered with designer luxury anymore (probably because I’m happy with what I already have). Of course there are items I would like at some unknown point in the future, but there are so many other items & experiences that are far more important to me. I completely agree with the non-branded artisan bags, in fact, that is now my preference, it feels much more luxurious than designer bags to me.
Due to quality issues I have been looking into vintage pieces.😊
I was just having this conversation with my husband about Christmas. We are discussing trips in lieu of these types of gifts. The relaxation you can get on vacation is priceless in this high stress world
I'm a bit bored of it all now. It's nice to have nice things but there's nothing quiet like seeing the world with my husband. Love the video Sophie xxx
Saving for the future is more satisfying. Time to shop our closets. I am sure we all have lovely things.
Hi Sophie, I'm writing to you from NYC. I flew here two days ago for some medical appointments. I love in Georgia (USA). In between appointments, I did some window shopping on/around Madison Avenue where all the very high end shops are: Hermes, Brunello Cuccinelli, Chanel, etc. NO ONE was in those shops (and during the Christmas holidays!) The staff looked so bored. Staff members were either sitting in chairs and on their phones or just staring off into space. I did pop into Hermes and it was full of people, but very few were actually trying on things. The rest seemed to be there just to look. There was a lot of commotion, like a typical old school department store. It didn't feel elevated to be there - more like a circus. Something is amiss for sure , but of course, retailers are not going to disclose that they are hurting for sales.
I also was in love with the butterlfly Dior. I went to our Dior Store, they had 3 bags there, brand new! All of them had a default. One had a mayjor scratch, 2 of them glue residence on every corner...i was very dissapointed...these were brand new bags from the back from the store - for this price - i did not expect such major defects.... i was so dissapointed and made me think what you get for the money- i think the prices are so high now- but the quality what you get...... such dissapointmend....
I wanted that same bag as well!!!
Only a fool would willingly hand over that ridiculous amount of money for a Dior nowadays. Don't do it. Save your money.
Thank you so much for this very interesting video ❤ What I read several times in "serious" newspapers / articles was that luxury brands actually made more money during covid than ever before - mainly because people did not travel and had more money for other forms of "escapism". I also read that this year, Hermes is the ONLY fashion house that made more money than the previous years - all the others are selling less! The numerous price increases, the fear of theft and the quality issues are the reasons I hear the most often. Take care 💕
You are not the only one who has stoped shopping soph im a crazy shopoholic too but didnot do much for my 39 th birthday its okay economies affecting luxury items vastly
Totally agree, I think a lot of us are feeling the price increase fatigue. Moreover there is so much uncertainty with the world it is better to reprioritize a bit.
Same. I got a decent collection. Even though I may show some interest with new collections, it’s not enough for me to pull out my wallet. Luxe buying is like every thing else in life , it has its highs and lows. I’m in my luxe buying lows. I just don’t care for it as I did in the past. I don’t care for the price increases or for the stupid SA relationship game. Like who has the time to carve out 2-4 hours on a weekend to chummy up with a SA in hopes of getting a quota bag? I got better things to do with my day like laying on the couch
I’ve been priced out but I’m happy with my small collection of 8 bags
Same 🤷🏻♀️
Completely agree, Sophie - I also just returned from Italy and there are so many beautiful artisan designer handbags available which are of equal or often better quality than the Top luxury brands. I am still buying but less - I want to have a room for experiences and travel, memories for a life time 💕
Excellent video. I just completed the first floor of my home 🏡; added more value to my house which now looks fabulous 😊This was a better decision for me rather than purchasing a Birkin or Kelly .
14:07 mmm what am I doing with my money? Buying groceries and paying my power bill that tripe from last year 😅😂
I think that luxury is for the people with too much money, not for the average or even higher middle class. None of those bags are really worth that money, they are just a status simbol, nothing more. Of course, those bags can be beautifully designed, but you can always find a great quality dupes, if you want. I have to admit that I love bags and shoes too much, but I always buy good quality no name or dupes because I love to spend my money on travelling the world, trying nice food and wine, buying a nice vintage art...I do not need to justify myself by walking arround with the 5 to 20 thousend pound bags. They are simply not worth it.
Hi Sophie ! Happy you enjoyed your holiday in Italy. I agree the quality issues confirm the fact that designer brands are becoming very fast- fashion ( did you see the new Chanel ready -to- wear advertising posters ?) . I' m into discreet luxury and and let's say biggy waiting lines in front of Louis Vuitton flagship store on Champs-Elysées or Chanel rue Cambon put an ironic smile on my face . Greetings from Paris
Something that always stuck with me: your money will return, your time won’t.
Take the trips and make memories
I used to keep my eye on a Chanel classic flap and Hermes Kelly but seeing the price increase and quality decrease, I’d rather use that money to travel to a high luxury resort in the Maldives,with Michelin * food,24/7 available,spas,private pool,luxury treatment by the staff and the beauty of nature 70m away from my balcoy.
I tend to think that most people are really pulling back from the insane spending of 2020 and 2021. I've recently sold designer bags I'm not wearing as much anymore and I'm being very selective of what I do decide to purchase. I am also re-directing most of my spending toward holidays and such.
I have recently turned my head away from luxury bags to jewellery where I spent on a luxury piece and although I loved it at the time and still do I am beginning to wonder if it’s really worth it… I’ve just returned from a 3 week holiday since Covid feeling like I could have another holiday if budget and time allow it… I still like luxury bags and jewellery and I seen things that are very tempting but resisted. I guess it’s about finding the right balance while taking current situation into consideration… you have spoken my thoughts, thank you ❤
Travel was always my priority. Florence is great for leather goods. Can't wait to see the vlog.
The contemporary brands quality wise are better than a lot of the heritage houses. It shouldn’t be the case but it is what it is. The heritage houses are expensive but the quality has gone downhill. The designs are uninspired. These brands focus on shock value and vulgarity over actual wearable designs. It’s just not sustainable.
I love watching your videos thinking how your hand gestures would look without your amazing nail bling. The best bit, when your mic picks up the click click when they make contact! 😜
I'm a middle class person who's struggling. I gave up buying luxury bags years ago. Not that I have very much to begin with. I can't travel right now due to health and other reasons. This year I've been buying handmade full grain leather bags from companies I never heard of (until this year) and they remind me of Coach back in the 80s and 90s (except more rustic). I have a low key casual lifestyle so they work out great.
I have spent thousands on travel and have loved every experience. Now I want to buy a Louis Vuitton bag for £1700 and I keep thinking if I don't buy it that it may go out of stock lol. I have just ordered the LV purse which wasn't too expensive but I think it was expensive for a purse...Experiences definitely leave us with great memories and I don't regret them xx
Ageed 100%. I thought it was only me stop buying luxury brands as I no longer needed to meet people as often as before. Many of my bags are sitting in my closet but I don’t want to sell them bc they are investment pieces to me. 😊
Couldn't agree more! I've been put off by the lack of quality and price they are charging for these items.
I was in Spain on a work trip last year and purchased a few incredible pieces at unbelievable prices. The quality for the bags and shoes was far superior than current luxury items.
I think we all feel it now.. been there done that. I force myself to scroll through the luxury brands and i want NOTHING. it literally does not excite me anymore. The bags looks repetitive, boring, carried by everyone for the exorbitant price tags which i am not keen to shell out anymore. I am slightly regretting my Van cleef and arpels obsession 😅/collection at some pt. But i am just going to enjoy what I have and i now prefer to buy fine jewellry but from quality non luxury brands❤
Honestly, I don't buy High end bags new anymore. I rarely buy any. After looking at my Health lately I feel that's it's not important to me. I thought I would always be into the bags no matter what, but I guess things change. You can't buy the important things in life. Also, the economy and everything going on in the world changed my mind. THEFT was a huge reason also. I have noticed that I'm much more aware of my surroundings and can't really even enjoy taking my handbags in stores. I feel I need to keep it locked up hidden from the public. People are struggling and would do anything for money. Great video Soph :-) Hugs.
Totally agree. Inflated prices and poor quality across the board . I tried to treat myself to a luxury bag this year for my big birthday and returned all bags, including Hermes, due to poor quality. I'm still on lookout for a bag but losing hope I will find something decent. Maybe it's time I made one myself. 😂
You should! I make luxury bags for a hobby, and on average, each of my single projects costs around $200-300 to make, which isn't much compared to what luxury brands will charge you. I'd argue it is more unique and definitely a conversation starter, as well 😁 not to mention the sentimental value
@@christopherfeatherley great idea. I was actually planning to make my own bag years ago, even bought some leathers but never made effort to make one . Maybe it's time now. 😉
Totally agree. Would rather have an experience than yet, another bag. I have the puzzle bag by Loewe. Love it. No flashy logos. Buy less but better!
Hello Sophie, business is business, but personally I was appauled by the big price increase during covid. People are dying, but all brands think about is make money, to me it's beyond greedy. And no, 5-10K for these bags isn't worth it anymore. I'm with you about spending on experience rather than a bag.
The Italian bags you showed are beautiful.
Luxury is losing its fun for me, too expensive with diminished quality, I have everything I want already and as you say it is not safe to walk around London with anything obviously expensive. I am not stopping buying, just being a lot more discerning. However, as you get older you run out of things to buy and I am not leaving all to the tax man! So I better find something, but it has to be very special, unique and good fun.
Well said !
I slowed down quite a bit. This year I decided to renovate my yard/landscape, and am add money to my portfolio. I do have a decent collection of both bags and RTW for which am grateful for and I much rather enjoy what I already have.
No I completely agree with you. When u compare it with a lovely trip it turns you off, I have been doing the same thing. I am still buying RTW from Dior and Chanel if I find something that I dont have and would love to have, but bag wise I think I have enough. I am investing more on skin care and hair products… but guys the $800 Chanel face cream wasn’t worth it:))
I completely agree with you Sophie. What is catching my luxury eye is no longer handbags.
Totally agree. This year I went into secondary market but for pristine unused condition ..if you are not into trends you can really save a lot of money! More than 25k of bags I paid less than 8k for them … sorry but I can’t fall for the boutique scams! Chanel with their bad quality doesn’t appeal me.. the only bag worth buying in boutique it’s Hermes! LV and Dior I’ve bought before Covid and their outrageous prices..before it was reasonable! 2,5k for a mini lady Dior it’s ok now I can’t justify these prices! Better to spend this money in travel!!
I always appreciate your real authentic take on life. Your voice is important. Thank you!
I’ve been having the same thoughts! (Coming from someone who only has a couple of high-end designer bags). I bought my Fendi Peekaboo a couple of years ago for £2.5k which was already crazy money for me. I nearly bought another one but have just decided I will put my money elsewhere now that it’s £3.6k! Love hearing your thoughts ❤
I bought my Fendi peekaboo in 2018 for $3900 dollars. The same style is now $6200!! That’s crazy!
@@vanessabogaert2104 it's mad! But then I am always tempted to buy more now because of the price increases, but am realising that's not sensible 🙃
@@vanessabogaert2104😳😳😳🤯
I buy handmade leather items from independent small time designers. Get my initials branded on it and can request changes, with all the works for 200 dollars. Way better than these name brand corporations 😅 get like me hun 😊
Interesting video and thoughtful reasons to pause adding more luxury bags. I truly haven’t worn my Chanel bags in a year and have some guilt and plan to take out over the holiday season to some special theater performances and dinners. I always love having them on those occasions.
I am in Chicago, IL and our neighborhood has become a refuge for migrants from Venezuela. I am face to face with more poverty and homelessness than ever before and in light of it I feel more comfort carrying a lululemon bum bag
, a coach heart bag I recently added in or a plain Jane canvas tote. It’s not so much a fear of theft but a desire to not flaunt wealth to others especially those who are in such need. I think luxury can become a way to mask our own desire to be seen as successful and lately I maybe have wanted my bag to blend in and not be a source of attention.
Stay well and stay safe
Because of Tanner Leatherstein here on RUclips I learned that with luxury you’re literally paying for a name and it’s just not worth it. I recently sold my LV YSL and Gucci bags and I honestly don’t miss them. I’m now looking more into quality leather crafted handbags without a big name cuz I know they’ll last much longer and are reasonably priced.
I went to Paris with my mom in August. It was a last minute Trip. I've seen people going to Chanel but I went to Pólene for a bucket bag I had on my bucket list for over a year. I had a bucket bag but I wore it out so this trip was perfect and Polene boutiques are pretty nonexistent here in the States anyways and I saved $200 on top of the tax free which was a win win.
on my first trip to Paris I also got myself a “mid range” bag and I put the put the apostrophes because my Zadig bag I got is still quite expensive, especially that most of my bags are in the 200 dollars mark at most so a Zadig moon rock was a luxury for me and I’m really happy with that bag.
I don’t know why Zadig is not popular in social media but it’s a pretty nice brand, it’s more an equivalent to Saint Laurent asthetic than the classic luxury brands but I love it. You picked something more sophisticated elegant I want something more glamorous rock.
Nice choice with Pólene, I might go with that one if I go back to Paris.
Zadig is more cool is more in the lines of Saint Laurent Jackemous and Balenciaga than Celine, LV or Goyard. Polene is more sophisticated and classic more heritage.
I’ve definitely slowed down, since last year actually. Not much to do with the economy because relatively speaking, my country has been fairly insulated from the inflation in everyday goods that the rest of the world has been experiencing. I have been spending on travel and wine though. Recently, due to my trip to Italy last month, i’ve also somehow fallen in love with Loro Piana (probably have been influenced by all the quiet luxury going on, and by the fact that a wedding I attended had the same venue as a scene from Succession), i’m now scrambling to buy a vicuna sweater, which is somehow harder to find than expected😂 but actually seriously under the radar quality materials and items that will send me to cloud nine with its luxurious softness is what I am after. Of course, getting travel in and buying it duty free will also be a priority.
❤Sophie I’m actually at the same place as you are ! I’m from Canada and just come back from Paris instead of buying another bag and I had such a great time ! I promesse myself to do more trips 😁
I got a medium Lady Dior in Ultramatte Blush for about $5,200 USD in China back in 2020. I’m happy with my purchase because they brought it back in stock, and I like to have more timeless pieces. Because of this video, I’ve found out that it’s now going for $6,500 in the US (where taxes are lower than in China)!
They raised the prices to a point that makes no sense for what the stuff actually is and what you're getting. With 5k can you imagine all the other fun things you could buy, as you said. I agree with you, unless it's just a one special bag, I would just rather spend more on other things. I didn't mind "wasting" some money on some purses I may not wear too much but now it's like.. mmm no I can go have way more fun with that money because they doubled it all. I've switched to horses and jewelry, I find I get more for what I am paying. Experience and value for what it costs.
Well said I do agrees these luxury brands/bags are crazy priced! A low buy year for me also. Thanks for sharing
Hi Sophie thank you for your video , I totally get your point.. I m 40 , I have build a nice bags collection over the years … Nowadays I can t justify those new prices , I have kids that go to a private school .. So education , trips abroad ( experiences ) are more important to me .. I just got last summer a small lime bag in nylon from Fendi for 1300 euros the cutest thing ever ! Perfect for the season , got so many compliments.. And what I notice with those small seasonal bags I ve been getting from Alaia , Fendi , Prada I don t see them a lot ! I do have double flaps and one Kelly .. I see those bags everywhere ( fake or real one are everywhere ! ) .. So I do stand out for less money which I appreciate ! 💜
I think you’re so right Sophie. I would expect my typical trip of a 4* hotel & flying in economy (but with a nice airline) costs about the same as some of these luxury bags but it’s crazy think 5* & flying business would match. You’ve bags coming out of your ears, so I think definitely invest the money that would’ve been spent into travel & yet still buy those ones that excite you. After Covid we learned not to take travel for granted. You should book Singapore & may I suggest Japan if possible too (I’m trying to nude my mom to go there, I’ve been in 2016…so I’ve researched to death if you’ve any Qs) or maybe Australia. You mentioned you’d like to see there
Completely agree. I’ve had to have one bag repaired….another just started to disintegrate. Both within the same year…from two different luxury houses. I think I may have used each bag perhaps 8 to 10 times each as I try to rotate them. Completely unacceptable. Anniversary trip to Europe next year. So grateful for what I have but it’s so discouraging. The prices, fear of being targeted, and quality issues 😮. Thanks for the video.
Yes, security is a thing. I never travel with my Chanel bag neither LV. I would also not buy expensive suitcase ( like Rimowa ), because it draws attention and you are targeted easily ( especially in Italy ). Folded Longchamp is a way to go for me ( mine is almost 10 years old ).
definitely come to Singapore! it’s really hot and humid here but there’s so much to do and see in our tiny country - and i can send you a list of boutiques to visit 😘
Absolutely agree!
I personally buy way less such items, and invest more in technology and devices/machines for production.
I also think it’s good that this is basically a “side hustle” for you, besides your actual business! This way you can distance yourself, while full time content creators are going more and more in debt, trying to keep up the haul videos!
Best wishes
Gosh the pandemic really altered my spending behavior so much. I have actually gone from wearing Chanel, LV and Dior to brands with low label visibility like Bottega Veneta, Coach, Mansur Gavriel, Staud and Cult Gaia. I also lost interest after the massive price increases. I got my classics and I'm not buying luxury trend bags anymore.
Sophie, you’re spot on. I’ve slowed down buying bags, I haven’t bought a Chanel bag all year and I didn’t even realize 😊. I’ve bought SLG’s, Beanie’s etc., but no bags. The chronic price increases with these brands are disgusting and not to mention subpar quality. We are going on our second European family vacation for the year, far outweighs a leather bag at these prices and this is what we’ll be doing more of. Glad you had a great Italian holiday ❤
Hi Sophie! Totally agree with you.
On another topic, I really like your sweater. May I know what brand it is? 😁
I have really slowed down on purchasing from designer brands. I got a YSL clutch for my birthday and also a diamond half eternity band. I love the bag but I almost wish that I had my husband spend that extra money towards a slightly better ring and or another piece of jewelry that I was looking at. But I still love the bag. I think I'm done buying luxury pieces until they slow down on raising prices. For the most part I am content with my designer bag collection. Although I would love to get a medium sized bag into my collection. I have either decent sized bags or small bags/clutches. It would be nice to have something in between. For now though we are planning on saving for a big trip next summer and also we are in the middle of renovation plans for our kitchen. More important things.
Can’t wait for the Florence vlog!
Value is only what someone else is willing to pay for something; be it a bag or a house. So, as long as someone is willing to pay the asking price, that is considered its value. Should an item run out of buyers at the asking price however, that value begins to decrease until it is at a price that someone will pay. I think as quality decreases across the "luxury" (or not so luxury anymore) sector, people willing to pay exorbitant prices may dwindle and we may see a growth stall in the market. The Covid period has perpetuated an artificial inflation of this sector which is unsustainable as both service and product quality decline. It will certainly be interesting to observe over the coming months and years, but I am also allocating funds towards experiences now as opposed to bags and other luxury accompaniments to life . Thanks for the video Sophie, your ideas are always so on point and excellent conversation starters!
Sophie I have followed you for years. I love your change in lifestyle and attitude towards your spending. Yes to many more holidays and cresting memories
Hello my friend!! May I say that I appreciate you following me so much, I’m honestly so grateful 🙏 I’m also so glad you don’t mind the change in direction! I will still do hauls, but not on the level I used to. Hugs to you xx
I totally agree within don't want to pay the games anymore! ".. the price rises have put me off totally. I also agree that Fendi, Gucci r 2 I'm still interested in, but chanel can go pound salt. I'm not paying their highway robbery prices...🎉
Thank you so much, Sophie, for your honest and insightful video. I don't often comment, but tonight I felt like I wanted to affirm what you have shared. It's all about, "opportunity costs," as far as how I want to use my disposable income, i.e. on vacations, home decor, charities, or my passion for fashion--especially handbags. Though I can't take any extended vacations at this time (due to an aged furry child who I don't want to leave at home), there is the most beautiful Lady Dior that I love so much. However, it costs $10,000!! 😱 As much as I love it, for numerous sentimental reasons, I just cannot justify spending that kind of money. Thank you for helping to confirm my decision to pass on this particular handbag, which is truly a work of art, but not at the current price tag. Take care and God bless you and David!🩷
I'm trying to get rid of things in general and decided not to buy my first bag yet. I kind of want to shop with the wife. My style is changing as well. I've just turned 38 and I want different clothes than I have. I'd like to focus on getting my look down then get a nice bag that we can share together and that I wouldn't mind gifting my kiddo later (she's already 10 years old and will want some nice things soon I reckon).
I still have to move countries so I will just enjoy your vlogs and my other faves' collections until I can realistically get my first bag. Probably preloved tbh. Might be fun to shop in person for that at a market or something. I'm a bit curious what's on offer in Austria and looking forward to sharing closets with my spouse. That'll be good fun. ❤
Your video is timely. I was pondering the cost of a vacation versus a bag a few days ago. I would rather have the experience of a premium vacation. ❤
I love your flowers in the background, beautiful 😍. You looked like you really enjoyed yourself with David on holiday. Definitely do more of them Sophie, it's good for the soul xx
This video was so useful💗. I definitely agree with the price rises, I’m mid 20’s and looking at my lux wishlist and actually taking items off because the prices are just going up when instead I can go on trips abroad like you say here. I definitely been looking at pre loved markets for those items ie Chanel and Dior as I would love a Chanel 19.
Think it’s all down to Covid but I believe people are less buying lux items because there so much sadly and cost of living crisis.
Sophie - you’ve woken up. Glad to see it ♥️
Im also in the same stage with you, Sophie! I feel like there are something more valuable out there, such as building my business, education, traveling and experience! I'm also felt the same for buying luxury bag in the moment and it probably stay like this now, and also felt I already have "the bag" and dent want anything unless the quality and design is worthy. For me, I also think I kind of graduate from Dior but recently very into Burberry for the quality, quilt luxury feel, and the price as well!
Nowadays. I felt if I wanted to buy anything that is for that kind of money but in luxury world, I would rather buying watch such as the timeless design of Tank Louis from Cartier or their jewellery. Daks or other classic brand's blazers or coats and some ice quality dress shoes or loafers that can be wear for many year but never go out of the stye.
I'm sticking with Aspinal of London and Strathberry for my dream bags. Luxury leather without the higher price tag and without the poor quality. I'm waiting for Aspinal to come out with the Madison tote in a beautiful blue color again.
Hi Sophie, you look beautiful in your pink jumper ❤ Well done on your rationales for the price of luxury 😊
Thanks for actually talking about the security risk. I always wonder how nobody brings it up
Love your chitchat sessions. Agree with you on everything. Yay for Prada - it’s my first luxury bag and so I’ll always have a soft spot for this brand. I’m stopping with the bags and focusing more on affordable luxury RTW (especially past seasons/discounted) as I want to build a capsule wardrobe out of quality pieces.
I like the artisan leather goods from Italy as well; but sometimes the bag interiors are not as finished as I would like.
Sophie, i COMPLETELY agree with you. Once you buy a few of these bags... spending that kind of money is beyond stressful and makes me, personally, think what is wrong with me to spend that kind of money on a handbag. Because at the end of the day, it's still a bag. I will say my two Bvlgari serpenti bags and my ysl sunset medium were worth the money for me. Esp the Bvlgari because that looks and feels substantial.
I've slowed down massive. I have a good collection, but I've stopped purchasing luxury bags specifically. My dream bag is a very rare version of a chanel 19 but that bag is 7-8k!!! I just can't.... i could take my family on vacation for a long while for that money. An experience that you can't put a price on.
Yay Sophie! I'm asking myself the same questions for some time. An experience or another expensive 'stuff' which is going to give me stress every time I damage it while enjoying outside. I believe we are in the right track. Lots of love
I have to pause to remember to comment on this. 😁
I totally agree with you Sophie about comparing buying a bag or to something that you can only experience once in your life. Once I have what I wanted for bags I felt the same. Looking and watching people unbox is just enough for me to enjoy luxury bags. I love them but I don’t feel like buying them. You know what I mean. And most especially my kids are growing so fast, me and my husband really enjoyed traveling with them. So worth spending.
Sophie I used to love my designer items but since Covid I have different priorities, like health and good holidays, so others are now thinking like you xx
Agree with you completely Sophie! You’re so genuine and honest hope you have a great week 💓
I agree. I buy designer bags infrequently; maybe one every two years. I bought my first designer bag over a decade ago, took a break for a few years, and then bought my second bag maybe 5 years ago, my third two years later, and so on.. My closet isn't full. I've been hearing about and seeing all of the issues that you talked about in recent years, so my motivation to "collect" really isn't there. Maybe it would have been if I bought more when I first started. Anyway, I'm looking to add a few more classic pieces, a few small leather goods, and after that I'll be done. I'll always enjoy luxury and shopping, but I also love experiences and traveling. For me, personally, life is best lived with as much balance as possible :)
i’ve purchased all the bags i could possibly want by now. and i’m 25 and i don’t necessarily regret all my purchases but i do look at the polene bags lately like “you know i didn’t need to do all that”.
Thank you for making this video. It is very true for all you have mentioned. I have stopped buying brand new. I look for prelove because it is more value for the money. The price inceease does not justify the quality. I have used my money for holidays with family, great meals with family and giving back to the community. If I find something worth the money I will buy it. In this fragile times, I feel spending time with loves ones, family, experience is more important.
If I were you I would count my bags and cut it back to my ten favorites and sell the rest as soon as possible. Cut the cord! Use the sale money to travel Europe…. Travel, travel,travel…. You don’t need everything you like…. Love yourself more….
Can you tell us more or do a video on the quality but affordable Italian bags you mentioned? Thank you Sophie!
I agree that a holiday is much more valuable than a new bag. 😊❤ well done for saving your cash