Why 10 Luxury Clothes and Accessories Are So Expensive | So Expensive | Insider Business
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- Опубликовано: 31 май 2024
- It's no secret that luxury clothing and accessories command a high price tag, but the reasons for why fashion items have a high cost can vary. For something like Stetson cowboy hats, it can be a combination of choice materials plus the cultural significance of the brand with celebrity endorsements like Beyonce and Dua Lipa. For others, brands create a business strategy based on limited supply and rarity, like Supreme drops and the Air Jordan resale market. Still other luxury prices boil down to the time-intensive methods used to create something like a single pair of Momotaro denim pants in Kojima, Japan. We take a journey across the globe to see how some of the most expensive luxury fashion items are made, and why they're so expensive.
0:00 - Intro
:36 - Why Japanese Denim is So Expensive
11:33 - Why Stetson Cowboy Hats Are So Expensive
18:06 - Why South Sea Pearls Are So Expensive
27:24 - Why Cuban Link Chains Are So Expensive
34:42 - Why Bespoke Dress Shoes Are So Expensive
42:52 - Why Chiso Kimonos Are So Expensive
54:48 - Why Supreme Is So Expensive
1:01:49 - Why Nike Air Jordans Are So Expensive
1:09:27 - Why Doc Martens Are So Expensive
1:16:08 - Why Birkin Bags Are So Expensive
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Why 10 Luxury Clothes and Accessories Are So Expensive | So Expensive | Insider Business
There is 3 reasons why things are expensive:
1. it's hard to make
2. it's rare
3. people are stupid
people are stupid can also be just collectively valueing something. like pokemon cards. skins etc.
Because they are filthy rich.
I will never understand spending an absurd amount of money on clothing, no matter how wealthy I get. Buying quality, hand crafted products that last I can understand but mass manufactured products with a brand label slapped on it for bragging rights is ridiculous.
Smart with your money 👍
If you're wealthy, if you see something you like, you just buy it without a thought. Tho buying for bragging rights... Idk if actually rich people do that, if so that's indeed useless, at the very least like the things you buy
@@SnowSNS11 of course they do, it's all ego... that's as old as time. There are rare exceptions but in most cases it's all about self validation. I'm wealthy enough to afford many things but choose not to. It's about upbringing and the things you choose to place value in.
OMG don’t you want attention? And people look at you 😂😂, that is today’s mentality
Haha 😅 I guess it's for people with too much time to care about that, only shallow people will care about that as it seems a waste of time to bother... or those focus on their appearance if it's their job like celebrities? I remember they have a problem in Korea about Idols wearing luxury items as their young fans are begging their parents to buy them those things maybe to support their idol or whatever. Eitherway it's very effective.
Some things are rightfully expensive, some "luxury" brands are illegally expensive.
The kimonos are the most exquisite. Maybe because I sew & embroider, but they are quite superb in terms of quality and beauty. Also, when you think that the Japanese don’t like second hand clothes… I would gladly buy one second hand. Sooo beautiful.
It's not just about buying. It's also about the skill of cleaning, maintaining and repairing and all that requires money and effort so it's hard to blame people not investing in it while the economy is not doing well
I love these type of video I often tend to fall asleep when watching because it’s so relaxing, no loud noises of screamed kids. Purely information and knowledge.
Me too
Insider Business has some of the most incredible content I've ever come across. They're always the best at what they do.
Unless it comes to written articles
Found a insider Business burner account
Yea theyre pretty good
simple answer 55:27 mental tardation :) thanks for coming to my ted talk
The variety of textures in the amzrepo pack is impressive. From smooth leather to textured suede, there's something for everyone.
the difference between the kimonos where it shows each and every step of how its made with hand drawn designs and made by hand over several weeks vs the supreme t shirt where the entire segment is like: well, theres not a lot of stores and uh, you have to wait in line and kanye west likes it.
street wear is a plague on society tbh
When it comes to Japan, no doubt.
Their craftsmanship is the best I know.
Common Thread Here -> Expensive/Rare Materials -> Inefficient processes -> Decades Old Technology -> Do Everything Manually === SO EXPENSIVE
The biggest difference between the bags, and something like gold is that you literally cannot produce any more gold in already exists. Yes Hermes bags are very nice and rare however, there’s nothing technically stopping them making millions of them if they really really wanted to. If you want more gold, you literally gonna have to blow up an actual star in space
not a star but same idea yeah, more of a big rock or even potentially a planet made entirely of gold
My God. Those people and the work put to harvest the pearls!!!! 5 years!!! If that woman (final) is charging 36.0000 , how much are they making??? So wrong and such sad/phenomenal work at the same time. I've always wanted a real pearl necklace and that video blew my mind!!!!
I refuse to wear name branded clothing. If I am to strut around with a name brand on my shirt or shoes I better get paid for all this free advertising! Besides, it looks cheap and tacky.
Guilty of that myself back in the day…but as I get older prefer simple or plain nowadays.
The bespoke shoes 💃🏽 and Cuban links ✨
I don’t get why people pay hundreds of dollars on shoes and clothes (Air Jordan’s/supreme) when you can buy different brands for like $50 max and pocket the remainder
theyre not buying it for comfort/looks, they buy it for status
@@pwandaamost people won’t even look twice if they see someone wearing supreme sneakers lol
It depends. I'm plus-sized, so finding clothes in my size that I actually like is difficult. It's absolutely worth it to me to spend a bit extra on, say, a bespoke winter coat off Etsy than it is to buy something cheaper but that I don't like the look of. Plus, it's always kind of fun to have an article of clothing that's genuinely unique or produced on such a small scale that you're unlikely to encounter someone with the same thing.
@Tracy-xe9zu i agree with your situation. But most people want to fit in.
@@Tracy-xe9zu This is a VERY different thing than what OP is talking about. You actually need to spend more since otherwise you might not be able to get what you like to wear. You're clearly not paying extra merely for status. People that buy ANYTHING from Supreme or those that buy specific models from known brands like Nike (Air Jordans being mentioned by OP) do it only for the status. You will always get higher quality items for a lower price by not buying any status products. Not saying the status product is necessarily bad but it's not worth the price.
Most of the mass produced luxury items have enormous mark-ups. Some are better, most not worth the enormous price.
Why is it still legal to use chinchilla and beaver furs
If there is a high demand and low supply on anything no matter what it's price will be high. Ecomomy works like this and i see why hand made stuffs are really expensive because in mass production firms can produce 100 times more than firms make them by hand and also there is more effort.
Besides being solid gold, the Cuban chain are the simplest design chains in the jewelry world. It's the way they marketing it made it extra special, any Jewelry maker with basic skill can make them.
It's ironic how almost every entry focuses on the craftmanship as justification for the high price yet when it gets to Supreme and Air Jordans, it is about the 'celebrity factor' and exclusivity instead of quality. Birkin bags somehow fall into both categories. Ridiculous.
lol just get the northface jacket embroidered with supreme and save the $1000 or probably closer to 900 for the embroider work. Or you know just get a rep thats made in the same factory with the same materials by the same people afterhours for $100
If anything says made in Japan, you know it’s gonna be good
Short answer. The brand name. I just bought a pair of shoes with the same quality and arguably more comfortable off of TEMU of all places. $23 (not a temu add i promise). Most I’ve ever spent on shoes was $120 for a limited edition pair of Vans
This is an amazing documentary
nice to see that insider business is more reliable than CNBC videos.
simple answer 55:27 mental tardation :) thanks for coming to my ted talk
I have been interested in a good Japanese pair of jeans for about five years now. I’ve dabbled in so called Japanese denim like at Uniqlo but I definitely want a pair with the end stitching and all. 😊
Buy what you like. Live once. Enjoy it. Money comes & goes.
In case of Burkin bag I do not understand the craze. True, they are pretty and from expensive material it is all about the brand. Good that at least they don't use slave labour but artists unlike Nike, or Zara and other fast fashion brands
I don't understand one thing what is the use of hand spun thread or any other there are so many irrelevant, useless, time consuming, just to increase price methods if you have do that in fraction of cost and time. Why? Sure these might lost long but you can also make best quality for low prices.
I can answer this question without seeing the video. These businesses will charge as much as they can because people WILL BUY the products as their set price. Any item is only worth the price people will pay for the product. Consumers stop buying it, the price is reduced. Supply and Demand.. basic economics.
I agree with Japanese denim and some hand made items. But Air Jordans? Nah they cheap out on materials and sell it at high mark-up because of it hype. They know people will still buy them
I have a pair of Doc Martens that I have taken very good care of. They are more than 20 years old.
I have a pair that is 30 years old, not taking care of at all and still in good condition. They doný make them as they used to do tbh. (I was 16 at the time and didn't care about taking care and after I learned about it....5 years ago, I still didn't care for that pair of shoes) I do however take care of my newer pair and my 2 pairs Mary Janes (who are 20 years old)
@@laramaaike3050 If found that If I get them sent directly from England, they are of better quality. If they are made elsewhere...not so great.
That's great
very good
I love luxury ❤️
Great
Good products
A Premium Product !
Great Job youll
What a weird transition at 18:06 into the. You go from talking about sterson hats, to immediately breaking into a segment about pearls, with absolutely no transition in between. I had to check to see if I was still on the same video. It certainly didnt seem like it was intentional.
You are always best business insider at ur work.
Most of these have already been posted and viewed, just all put in one video.
Stetson should go into partnership with the brush makers...
Brush markets only use long hair and throw away the down... stetson only uses down and throws away the hair...
People used luxury items as a key to access to their next social status group. Like who can or will you meet when you have a Bugatti.
People tend to think why overpaid for a 4 wheeled vehicle or leather goods from the same animal. Think of it as an ACCESS KEY to where you want to be. Billionaires tend to hangout with billionaires. Other than that, they are just fulfilling their social responsibility.
The Birkin bag thing is teenage insanity.
I dont buy luxury clothes. I can do without. Still like to look nice but im not into the big big brand names
How is something that weighs more than DJ Khaleds beard or the sun only worth $200,000? When there are pinky rings worth that.
I once owned a Stetson, but I don't know what happened to it
Loake and Church make quality with decent price
It had to be Vegas Dave....
Japan : Though the efficient tech is available we will make this everyday object using 10000 year old machines that take 95 years to master. The end product will cost you 95000000 USD
World: STFU and take my money
Huh perhaps paying to keep history alive too? Instead of being forgotten they want to keep it alive, which I can see will appeal to those who appreciate it
Antique
What are the Jordans are not often cheap, they are comfortable. This can’t be said for Doc Martens which are today, the most uncomfortable shoe I have ever worn
Doc martens are not expensive. They are around $200 Canadian. However, they are desirable if they are made in England.
Thank you for your information about luxury clothes and accessories
12:06 I’m not a photographer at all, but this picture would look so much better if the house wasn’t there, and instead they had a train coming towards the car, with a cigarette in the man’s mouth… Or if he was leaned forward a little lighting a cigarette. Idk, I just think it would add a lot to the pic and would look a lot better than a random house there…
❤❤❤❤❤
Those birkin bags are soooo ugly
Haan bhai, maine to May 17 Lottery ke liye registration kar liya, IPL dekhne ka aur bhi maza aayega jab inaam bhi jeetne ka chance ho 🏏🎉
That bag guy is literally the greater fool.
I have some pairs of jeans from years ago that still look as good as the day i bought them Just buy responsibly
Levis is often a great and solid choice when it comes to jeans.
Waiting fr crocs brand 🔥
Martins ain’t made in England, they still banking on presumed reputation n good quality even tho they ain’t quality no more
Those Momataro jeans don't even look tapered wtf...
All worth their prize accept fast fashion brands
NIKE Trying to justify Sweatshop labor so fanboys can buy more Jordans? Pass dudes. Be more responsible with your money.
Why not use correct gloves length so your hands wont color.. it wont affect the quality so your hands are still clean-looking, right?
I would totally buy hand crafted clothes and shoes, but to throw out thousands for a label on your shirt? No, thanks.
luxury brands are only luxury if they are made in the same place as the product is sold, "luxury" is a marketing ploy.
Reps are so good these days i bet id be able to sell them to all the resellers on the market. Hell I've sold fake diors to a shoe store for 10k that i bought for $120
Dont donate to value village they also have a compactore behind every store where unsold items get tossed
At least goodwill does provide food banks and job training
Amd put unsold items on sale after they have been on the sales floor
Savers just tosses the items after being on the floor for a few weeks
I feel like jeans from places like Balenziaga and others may be worth it for their shape if you can afford it, but buying jeans from the women's section or from cheaper places like asos/used market may be good too. some shoes are shaped specially, other than many y air Jordans. but its really variable honestly.
the 'supreme' and 'nike' sections don't even show any design/creation.... i guess these brands don't want us to see the chinese sweatshops they're made in? it's overpriced tripe made by modern-day slaves
The big company’s are selling dreams
If it is expensive for you dont patronize it thats how it works
its all about marketing because i do thinngs handmade but i dont have money for marketing, so people treat me like a artisan who dont need money. kkkk
Answer to all is MARKETING nothing else
Papua guinean traditional KOTEKA - Horin , PENIS gourd will soon be in STYLE .
Wait didnt he say there were only two.of those bags, hes an that dudes wife, so what about the asian lady she had all 3 sizes or is that the dudes wife cous she had a very different name lol...sounds like dave doesnt know wtf hes talking about...id laugh my ass off if it was fake..
People who buy limited items, or high ticket items JUST to resell it/them for x2/x3/x10 it’s original price deserve to be repeatedly punched in the genitals and to lose everything they own….
Why can't he wear gloves?????? Ghee!
এই দেখেই নীল চাষ করার ধান্দা এসেছিলো
The most stylish people shop at places like the Goodwill or Salvation Army.
No one will care about Supreme in a decade, just as no one cares anymore about Fubu, Ecko, and other streetwear that seemed huge at the time and now is irrelevant.
I don't give a shit, Jordans have never been as cool as Shaqs Reeboks. Its the sheep (teenagers) that follow other sheep that drive the ridiculous prices up
Supreme is not a " Name brand " company. Louis Vuitton, Gucci, and Ralph Lauren are " Name Brand" companies. The customer doesn't determine what companies are Name brand and what aren't Name brand. Companies do. All Name brand companies started out from day 1 as Name brand companies. Supreme started out as a low class skateboard logo. Not a company or a " Name brand" company. No company becomes Name brand over time. They have to start out as Name brand.
…and Ralph Lauren started out with ties. He was a tie salesman and customers kept asking him for rep stripe ties but there weren’t any available, so he began making them. RalphLauren the man/persona is totally made up. He might be wealthy now but he wasn’t when he began. Don’t get me wrong. I love all things RL. If I had the $$$ it would be the only thing I’d wear. I have always had preppy/classic look since high school and RL fills that style. I still own rl clothes from the ‘90s and (if I was still that size 😂) I could still wear them and no one could tell.
Are you filipino?
Its called latex gloves for Buddha’s sake
Dye his fingernails for weeks question why doesn’t he use gloves?
Like other things, Japanese should bring in the new technology for manufacturing denim, there is no point spending $2K on a pair of jeans just because it was made using primitive methods !
i think the value of the jeans come of the quality and the uniqueness of the material
You don't have to worry about them 2k jeans. You are not the target market lol
first
Muslims Gold is "HARAM" HAI 😂😂😂
its bushshit .our factory also produce for nike and adidas in china with good price .but they just pay a litter . if you find really factory to make your designs . its cheaper .
LOL! Nike is not luxury, in fact it's hastily crafted out of garbage materials in oversea sweatshops for 1.30$ an hour.
Can someone with a harder voice narrate.
Doc Martens are junk now
Supreme is dead and has been for wel over a year. May wanna fire the person who put this video together
Antonio meccariello ❤
i dont mind paying a lot for jeans made with very durable material.....but if its just the dye, forget it
Synthetic dyes are cancerogenic and make your skin ichty so I understand the demand. I also understand that people with very sensitive skin will go for those weaven by artisan. They are new yet soft like worn out. There is quality and work ethic to that brand unlike stuff from fast fashion brands
The only thing different is the dying process in denim. Scam detected on product one already.
I’ve purchased Wranglers for $50 bucks that look just as good.