Why Do We Pay Thousands of Dollars for a Bag Worth $20?
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- čas přidán 16. 09. 2023
- I'm done with paying thousands of dollars for bags that do not cost more than $100 in the making. What about you?
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Do you think it makes sense to pay thousands of dollars for a handbag? Let me know what you think in the comments below.
👎👎👎👎
NO! I can only justify one or two bags as a treat. Used them and abused them and they only treat yourself to one or two the next time around, but to collect these grocery bags made of leather and slap on a monogram and pay thousands is insanely crazy.
Spending thousands of euros on a bag that's mass produced and so well known that counterfeits are practically as good as the original seems to me as the height of stupidity. Local brands, local artists, good quality, fair price and no logos. That's what I buy.
Absolutely not!
Definitely not.
When I was 25, I sat myself down and wrote out my core values that I wanted to live by. Number three was, " don't make rich people/companies even more rich. " Everyone has their own kink. Mine is seeing my money in my accounts but I love to see others find and enjoy their own kink. Paying more than $200 for a bag...not my kink.
Same here💯
200 no dear over 2000 for a luxury brand
@@jgalt5002 hmmm
It’s very important to have core values to guide your decision making. For me, I don’t like being wasteful and being reasonably frugal is important to me. Also modesty and not showing off is a good trait to have. Anything with a big logo is a no for me. I’ll spend more if I see the value and it is built to last but I won’t buy junk I don’t need and I won’t pay for a fashion brand name like gucci or Louis Vuitton.
@@jgalt5002re-read the comment
"We all love ourselves more than other people, but care more about their opinions than our own." - Marcus Aurelius
I've never purchased a "luxury" bag. I prefer a unique quality bag at a reasonable price. To me that is real luxury.
Amen to that. I do the same.
Luxury bags are no longer exclusive, everybody carrying on the street. I rather pay for a good quality leather bag now, brand no longer matter.
Yes! I can’t walk more than 10 blocks without seeing a Birkin in most major cities, and not more than 3 without seeing Chanel. “Handbag collector” is really pr spin for “I consume mass produced overpriced bags”
@@adriennethiery5432 Mass production overprice indeed
This reminds me of a former colleague of mine. I had noticed that she had started working lovertime more than usual. I thought she had a vital need for extra money. Until, in the course of an informal chat, she let it slip that she "needed" the extra money to pay for a luxury Hermès hand bag. Overworking herself out, spending less time home with her family, to pay for a handbag??!! That's so ridiculous and void, I never looked at her the same way afterwards.
Oh that’s sad and embarrassing
I’m working extra to afford dental veneers next year without cutting into savings
I don't do luxury shopping, but your comment is wrong! Most people are in debt to pay for luxury shopping habits but at least your colleague *worked* extra to pay for her bag rather.
That is ridiculous and sad. How much TIME and physical and emotional energy she also pay for that bag! And if she is missing out on time with family and friends, for a darn bag, that's very unfortunate.
@@babycakes8514 her comment is "wrong"? Oh my, are you the comment judge?
She was expressing her personal views, she said nothing offensive, so her comment is perfect.
Why do guys buy BMW, Mecedes or Ferrari, when Honda does the same service - ride you from spot A to spot B.
Respect 🙏
Exactly.. its a transportation so you dont have to walk
Ding ding ding, mysogynism in action. Women paying for luxury are perceived as ridiculous, men paying for luxury are perceived as “classy”.
i think ferrari are so different with usual Honda (city) car😂😂
But Honda doesn’t go 205 miles per hour
Luxury is like a paintings 🖼 sometimes it's ugly with cheap materials but it's sold for millions . Some people need to validate themselves through things .
Correct is right ❤❤
And apparently even that is a racket 😂
Having never had the means to spend thousands on bags, I have instead become a collector of vintage bags where the price point I set at under 300 pounds or about 400 dollars each and have an enormous amount of fun hunting up new-to-me items. This way, I think, you get closer to the real value of the item rather than hyper-inflated prices based on name and/or fashionability. Beauty and fine craftsmanship come at many price-points and truly well-made items are a joy to own and use.
@@Jessica-fw4lm There is nothing wrong with buying a vintage handbag. I’ve had quite a few in my younger years. They were cool as hell! I felt great carrying them, and they brought me joy. Especially knowing that I didn’t spend an exorbitant amount of money on them. It’s sad that you would call somebody sick. Look in the mirror before you do such a thing.
@@Jessica-fw4lm no, she is not "sick". But your judgmental attitude is very crude.
She's not a criminal, for her it's also a hobby, and there is fun having a collection of something you appreciate.
She isn't asking you to pay her bills, nope. She's not a criminal, lol. So why the harsh response? 5:22
Where do you find them?
I stick with Dooney & Burke and Coach! 😳
Still spending thousands on bags. You feel like you got a deal cause you have more in quantity and enjoy the hunt. Nevertheless you are still spending thousands on bags regardless of how many you have for the total spent; that is the consumerism scam. And you fell for it. Yes, it makes you feel good; that’s the point. Spend money on temporary ‘feel good’ instead of chasing true happiness.
Marketing is a powerful tool that has convinced consumers that what we buy is indicative of our self worth. The more luxury you own, the more inheriently valuable you are. I find there are some who have a genuine love for luxury brand designs, but most are buying into a lifestyle and image that has been upheld as superior to any other. You're buying to be apart of a brand and what it represents in our society.
Yes and some people do look down on others who wear non designer brand. They become part of the marketing without being paid
YES! We define our status in the society through our belongings. And, even though i adore designer items, I find this situation utterly disturbing.
@@claraisnotmebutilikeit Exactly. People who wear designer brands that are logo heavy are paying marketers IMO. You're essentially paying to advertise the brand, that's personally why when I do buy luxury, I steer clear from logos, as I will not be advertising for free lol!
I think it also depends on where you are located. I live in a little town in the middle of Ohio. Nobody around here is wearing expensive designer items. You will stand out for sure. So it comes down to you bought this expensive item for yourself because nobody else cares around here.
Moldy old money won’t touch this stuff with a ten foot pole. They go for classic design that will last. Or spend their money on on sporting pursuits.
I can tell how much the bag is really worth even without cutting it apart. And there are so many amazing handbags even below 100$, much better than these expensive brands. That’s crazy to spend so much and think you became somewhat more classy even though the actual bag looks cheap.
Which brands are amazing?
Tanner Leatherstein's perspectives garner my utmost respect. However, when he appraises a bag at $20, it appears he overlooks several crucial aspects. These include the expenses associated with store upkeep, advertising, and logistics, which involves the transportation of goods from one location to another. Most significantly, he disregards the inherent cost of design. While I concur that designer handbags can often be exorbitantly priced, it's important to acknowledge that the value of design necessitates a certain premium.
YES, THANK YOU.
I agree 💯 people care about about image and status.
In today’s world the last thing I want is to be targeted as wealthy! Targeted is the key word!
If you have the money, why shouldn’t you buy what you want?
You earned your money and you have the right to spend it on whatever you want.
"If you have the money" being the operative phrase. Most people don't.
Spend on whatever you need.🎉
I’m thinking those who truly “earn” their money aren’t throwing it away on overpriced handbags with someone else’s name on them.
@@marylhere you go girl🔆🔅
@@marylhere😂😂😂😂😂... "with someone else's name on them" so true
I'm subscribed to Tanner too and he confirmed for me what I already knew was true, that these 'luxury' designer brands many times have over 1000% mark up. People don't buy these bags mainly for the quality, but mainly because of the societal conditioning we have been programmed to believe these logos give us some sort of prestige and status. I love that you are making alternative perspective videos like this to open people's perspective.
The most expensive bag I own is a second hand LV speedy 25. The only reason I bought it was because it was a “dream” bag from when I was a kid and thought these sort of purchases would be some sort of marker that I’d left behind an impoverished childhood. It wasn’t. Funny thing is that I rarely use it because it makes me feel a bit pretentious and the opening is really small. I do like natural leather goods for the durability and do shop brands for reliability of quality, but I tend to buy more affordable brands like Dooney and Bourke or Coach and even then I shop used and also downsized to just four bags total (large tote, small messenger, one satchel and one shoulder). I’d never pay thousands of dollars on a handbag or anything for that matter except a car.
You are only considering the hard cost of leather and hardware, but you forgot the soft cost of design, craft, and inspiration of each unique handbag. Yes, if you are just looking for utility then any leather bag will do, but if you want something that is beautiful and unique from each designer, then there is no comparison. Also you should not buy these bag if you cannot afford them, I didn't really have designer bag until my student loans were paid off, I bought my first home, saved decently for retirement, then had discrepancy income to buy nicer thing. Before that I was using utility over luxury.
The word is discretionary income, not discrepancy.
Let's leave the luxury brands to the rich people. Most of their business actually comes from the average people; And yet these brands exclude them. After getting your money, they make a run for it. 🙂
Yes, the rush wears off quickly…that is why I switched to unique used bags…or cute grocery bags….
Exactly. The rush wears off and the designer has a new bag for next season and the cycle starts all over again.
You are funny! I agree with you 100%!
I’ll admit that I’ve never gone above the Coach/Dooney price range for a bag. I like a quirky bag, but a classic Coach leather bag is so well made that I have one that’s at least 30 years old. I just have never been able to justify spending more than about $250 for a handbag. Of course, I’ve made up for it with my large Harvey’s collection. 😅
I only have 1 Dooney & Bourke that was bought new- the rest were used. I still pull out that Dooney at Christmas time. Same with Coach- 80 percent of mine are used. Best purses ever.
I know people that can barely afford rent that pay thousands for a bag. That’s how I know they are mentally ill. Major self esteem issues.
💯
Kim Zolciak is in foreclosure and fighting with her husband over selling off her collection of designer bags that she probably spent hundreds of thousands of dollars on over the years. Name brand fashions isn't their only issue, but she certainly fits in this discussion.
Actually appraising someone as mentally ill is wrong.
Maybe they actually love the craftsmanship and durability of designer bags.
Who are you to judge?
There is no link between the manufacturing cost (materials + labour) and the price, which also includes a huge amount of other costs such as concept design, marketing, store overheads, headquarter costs, advertising, transport/logistic, sponsorships/endorsement, and - more importantly - profit, which is based on how desirable the bag is, and that’s clearly where the brand takes advantage of the desirability they have developed in the hearts and mind of the consumer.
Albeit quit a far-fetched comparison, trying to link the price of a designer bag to the cost of its components is like trying to link a painting/statue or other art piece to the cost of the materials used to produce that piece of art. Would you ever say a Picasso is only worth the cost of the canvas and paint?
Of course I’m not suggesting a Prada bag is a piece of art, but there’s a lot more to it than a a piece of leather and a few bits of hardware.
YES, THANK YOU.
Watching Tanners videos has really changed my mind on luxury. It’s because of his videos I sold my YSL and Gucci bags. I’ll stick my to Coach and Rebecca Minkoff bags👜
I like nice handbags and buy what I can afford-not the prices shown here. The one thing that I hate is having the designer/company’s name/logo visible on the outside of the bag. I have no desire to display what I paid for it.
There are years of craftsmanship behind top brands.
Oh, really? And which ''top brands'' boast that craftsmanship? What actually defines that craftsmanship?
Yeah right. Keep telling yourself that.
People with money don't really care about the price. Simple rule is, if you can't afford it, forget it.
That's the sad truth.
@@perspectiveofmeWhy a 'sad' truth? Designer labels are meant for those who can afford it. As poster said, if you can't afford it, don't buy it. Plenty of other good quality brands that the average wage earner could buy.
$20 is merely the cost of the raw materials.
The TOTAL cost of making the bag is then marked up for retail so they can turn a profit.
Hermès Birkin bags are double hand-stitched over 20+ hours, hence the high prices.
I agree that machine stitched Chanel, Gucci, and LV are overpriced, but Hermès is the only brand worth the price.
If you are an average person and everyone knows you are not rich, having a bag like this is really silly because everyone knows your credit card is maxed now and there is no way you can afford that.
I’d pay for its craftsmanship and the long history perfecting the brand like Goyard.
Exactly. It’s nothing to do with status or image. 😊
Why do most companies (even expensive ones) use edge paint for the seams? It always seems to crack :(. Even if it’s a gorgeous bag and nice leather, edge paint is such a turnoff
Thank you! Edge paint looks so tacky and cheap too..
Luxury fashion is great example of the difference between knowledge and information. Companies operate on the knowledge that people want to FEEL better than others and use information such as average income to set their “aspirational” pricing. Consumers see celebrities (who didn’t pay for anything) associated with brands, commercials that reinforce emotional attachment to the idea of success and luxury and even after knowing they’ve been duped, still proceed to part with their hard earned cash. Ipso facto, luxury is the biggest form of widespread emotional manipulation outside of religion. Oh and I lived in China. I saw it all.
I have a relatively substantial collaboration of luxury bags, 98% of them I bought on the second-hand market and paid below retail, especially my Chanel bags.
Yes, I want the brand name for a few reasons, but mostly because I love the polished, elegant look of them and it doesn't come instead of traveling, emergency savings, or retirement savings so why not?
Do you think Chanel bags are a great investment? I’ve been thinking of purchasing Birkin for investment reasons. For personal usage I aim for brands such as apc or aspinal London (mid luxury bags) to balance the quality and cost of goods.
@mina0398 I think that Hermes is a much better investment than Chanel. The pre-loved market is filled with Chanel bags, and it's not selling as much as Hermes Birkin, Kelly or Constence
@@reutgadmish1835 Do we think that's because Hermes bags cost double in the resale market?
@amsinthemitten9791 yes, because their bags are not as easy to get as Chanel and even though Chanel and Hermes are at the same price point (new in store), Hermes quality is a million times better than Chanel
Why not buy a land instead if you just want it as investment? Most of these bags needs a lot of maintenance. Needs to be constantly polish and they ain't cheap and versatile. A scratch of these bags will greatly reduce the value. So it's really pathetic for people to think they are great investment
If you want to spend $10k on a handbag or any designer label item...do so and luv it. It's not for me.
I don’t buy them for image or status. I buy them because they are beautiful. I love the LV monogram, Gucci GG web, and Dior oblique. I’ve carried plain bags for so long and I love bags with beautiful patterns on them.
thank you for this
Same, since my early teens fashion and design has always been enjoyable for me seeing what a new creative director is going to do is exciting, learning about the materials and history is fun
I don’t even own luxury handbags, the most I have is Furla and Longchamp but the people saying you can find bags looking like the Lady Dior for example for 200 dollars are crazy, please point me to that brand lol because I will buy it right now!
I have never felt handbags were something to spend an exorbitant amount of money on.
Same with clothes and shoes. Many people paying for brands and not so much about the quality.
I was able to get a connection for beautiful leathers, so I made a collection of clutches. They sold, for $75-$300. So, I put out another collection and another. Ended up on tv, and in all the top boutiques on the island.
Then, I added shoes, I would buy plain pumps and paint art on them. They also sold like hot cakes. That was back in 1999-2000.
Many will buy freely because they understand that money is fluid. What a trip it has been.
Don’t ask. 😉🥂
You are being obtuse, just it cost a brand $200 to make doesn't mean that's all the costs associated with selling the bag, you have to pay transportation, import fees, advertising, rent, employees salaries, electricity, packaging costs, warehouses, etc all those costs gotta be factored in aswell
Everyone has the thing they choose to spend money on. If you can afford it without going into debt then go for it. No different than spending money on expensive coffee everyday, expensive clothing, any type of collection, travel, dining out, jewelry, etc. if the quality is there the bag or wallet will last for years and years.
Coach all the way.
Well made, cute styles, lasts forever
Well, you don't if you are "Old Money". Standing joke is the "secretary with a credit card bag" ..... LV canvas monogram. Just buy a really top quality leather bag which will last you. If you are paying more than £500 .... Think hard .... Are you paying for the name and not the quality? Same goes for clothing ...... Why would you pay thousands for a designer blazer when you can go to a tailor and have one custom made for you for around a quarter of the price! You won't to look yourself and not a clone. The only bag which I own and all my friends also have is a canvas Longchamp. Everything stays dry and you can throw it in the boot with dogs, down on the grass, stuff the M&S quick dinner shop in, or carry your papers safely.
Indeed. I know old money and here in the UK they'll often wear clothes that are literally falling apart they're so old- most of these bags would be considered very, very vulgar.
I don't "want to feel better than anyone else". I want what I pay for and I don't pay for names.
Most people dress in brands to impress others and make others believe they are rich, whether they are indeed rich or not. But I don’t because even if I dressed with the most expensive head to toe attire no one would believe I’m rich thanks to stereotypes and social discrimination. So why bother?
I thought I was clicking on a Tanner Leatherstein video. I guess that’s what happens when you’re not wearing your glasses.😆
I’m not into luxury anything. It’s not my style. If that’s your style, cool.
People should be able to spend their money by their rules. IMO, as long as you’re not going into debt to buy luxury items, go for it.
What counts is quality and beauty, you can have both of those without paying thousands of dollars. 5:24
I truly think people should be allowed to do whatever they want with the money the have earned (that doesn't apply to corrupt politicians because is usually not their money). However feels like today's generation are far easier to convince they need something when they actually really don't. Because of that I applaud influencers that are trying to change that frame of mind with the young. I'm pretty old and on my way out but have hope kids will change things. For their own benefit. Great video.
Great video! I liked the editing and the clear voice! It does bring up a good topic. And there are other things to consider when talking about this topic, overall as already discussed, it comes down to marketing and advertising their products. People buy into the hype and the status because of what these brands represent.
You also get exclusivity, because a much smaller number of these bags are made. So, you don't see everyone carrying the same bag.
It makes sense to pay for quality and craftsmanship, not some vague "symbol of status."
Why would you pay incredible amount of money for mediocre quality, when you could get something that is made incredibly well for a fraction of a price. To me, it makes much more sense to biast with something well madewith a price tag that wont break a bank.
Let's not forget that the standards at LV, Chanel etc for making a bag is tip top. Sure there's not 2000$ worth of leather but craftsmanship is unbeaten.
Yeah, it seems to me Tanner Leatherstein is underestimating labor cost because these brands do work with the best of the best. And he isn’t considering the design part, they employ famous designers. It seems like he’s comparing two paintings and saying they are the same, one is painted by a local artist, one by a world renowned artist… of course the second one is going to be more expensive, OF COURSE you are paying for prestige, duh!
Also, if he could please point out cheap brands making bags that look like the Lady Dior or the Classic flap, please do because I haven’t seen them.
@@VidraDeArginti thinks he’s giving just a rough estimate based on his knowledge however he always clarifies you are paying as well for the name of the brand which that brand worked hard to build and he acknowledges that. I think there are a ton of smaller brands and vendors selling very nice leather bags w beautiful designs the problem is many people aren’t always looking for it. None the the less I feel like his videos made me start looking at other brands and options. But whatever a person chooses to spend their hard earned money on is just fine and especially if they love their purchase .
I only by my bags secondhand at this point and honestly for never for than $100… The luxury world is one I have very mixed feelings about and I’m not sure if I agree about it being something that builds your confidence and identity. Maybe temporarily but our true value is intrinsic and no item will ever add anything to a person. That just can’t be the way I perceive myself and others, it seems like such a costly and surface way to build one’s identity. That’s not to judge but only what I feel in my bones.
That’s why i prefer mid range or quiet luxury bag.. 1st is the quality with the fraction of the cost of the luxury designer bags, 2nd is the affordability and 3rd is supporting the new and emerging brand that deserves to be in the market
I want a quality leather bag that will hold up to use and be functional for my needs. I have never been a big handbag collector, especially designer labels. I have a variety of bags - some leather, some vintage, some cloth, some bamboo. Each serves a different purpose or use depending on what my needs are. I’m quite happy to never spend thousands on a designer bag. If I do buy designer it is maybe a clothing item and it is always from resale. Even clothing has to fit into my needs and lifestyle. Labels don’t impress me. Quality and classic style does.
As the well-known wisdom in my country says, “you are greeted by your clothes, but seen off by your mind”.
In my country, if you want to work with higher rank society members, you have to have a certain price look. You even won't pass facecontrol in some places.
I opt out for a mid tier luxury brand and not regret it. I will not be reselling any of my bags and don’t want to be paranoid when using it. 2,000$ for the bag is insane.
As long as the material was acquired sustainably and the craftsman was paid fairly, I think it is understandable that luxury bags cost as much as they do. Luxury industry keeps alive the craftsman that produce goods by hand and prevent the demise of leather worksmanship. I do agree that we put too much weight on wearing the "it" bag of the season, why don't we focus instead on appreciating lesser known brands that produce just as well in terms of worksmanship, instead of fancy marketing?
Why do you think that good quality bags that cost around $300to$500 don't paid their craftsman,and I don't want break ur bubbles but most lux brands factories are in in China and Bangladesh and Indian so , cheap labor LOL
@@fatisummer9106 Exactly. One can find hand made leather purses in countries that will verify strong labor practices, but these are not luxury brands.
Most of those luxury bags use the cheapest crap they can find to make their bags. They are assembled in places that are 'sweatshops'. I have no clue what sustainable leather would be since it comes from cows, sheep, pigs, etc. and most places buy that from slaughter houses or from hunters. Since you can always 'grow' those animals , I suppose it would be considered 'sustainable'. Cotton for fabric would be also, except that a lot of these bag don't use cotton fabric, they use polyester, a blend or some other awful synthetic fabric. No bag or pair of shoes, even if it is made from sustainably acquired materials is worth 5K. Never.
Not a single designer brand pays their workers fairly. The craftsman for any of these brands doesn't get over €1700 a month. That's right, one bag costs more than the work of this person for a whole month. And this is in Europe, as one small percentage of the bags is made in Europe. The rest of them are made in China mostly. Now, if they're underpaying craftsmen in Europe, what do you think they do to those in China?
@@mellinsomnia1 That's shocking how poorly paid a craftsman is paid in Europe. I pay my housecleaner $30/hour and she can't even speak my language. If someone in China has a Master's Degree they make less than $1,000/month. So people working on bags likely around $200-400/month.
I blame social media for this kind of need for self-worth more than what it used to be years prior for social media, because all the celebrities,influencers,CZcamsber’s, etc. have triggered today’s society anxiety into wanting and buying shit they don’t need. Don’t be fooled, it’s all marketing illusions.
You're buying the brand, that's what you're paying for. Everyone knows that. People like luxury items for the cache of displaying it to impress others as it is also a status symbol of wealth and economic status, not necessarily social status. The rest of us buy knockoffs, 2nd hand or just no-name real leather bags and call it a day.
you all are missing the idea of how businesses are run. There are several costs a business has to cover to make a profit. labor, material, equipment, selling/marketing, logistics, shipping, people compensation. I'm not saying that these brands are not making an insane amount of profit, but it's not as easy as "the material of $x, the labor is $ y, and therefore you are overpaying by sales price - x - y". The formula is far more complicated. If you went with a mom and pop bag maker, those costs are most probably minimal so they can afford to charge a small mark-up; making them much cheaper.
Yet they're the ones spending on marketing. How about throttling back on flooding the market with advertisement? Be as exclusive with their marketing as they are with their products?
Some designs are art, for that you cannot compare it to a random bag with no creative thought into the design. But i agree, bags that are easy to dupe or copy are not really worth as much money the luxury houses are charging. I begin to think that luxury is dead, the brands are scopping in money before the replica and dupe market overtake everything and gen Z who does not care take over the planet or something else become luxury example space travel.
I like your perspective on seeing designs as art, and i agree with you on it to an extend. In fact, you gave me a video idea! So, thanks for that.
Regarding luxury brands...I personally started to lean towards modern designer brands that are perhaps less known but deliver in quality. And I believe my channel reflects on this shift in mind. So, keep on watching! :)
Most designs are awful art. Reality!
I buy what’s a good value at the time so I have bought many handbags for that, this moment I am buying jewelry.
Only wealthy people purchase designer bags. Why? Because they can afford to. Another reason … they want to demonstrate how affluent they are. I can not comprehend buying a handbag with a logo on it. Seems tacky to me.
when u go to the restaurant, you also use this logic? base price on raw ingredients
I never bought a luxury price item.
Our parents taught us the value of money and ro save and invest for future.
We were told to live within our means and not buy what we can't afford.
Regardless of how much it should truly cost, I can't speak about other designer bags... but no bag is worth thousands than a Birkin... because it is not just a bag... it is an investment.
😳 🤭😂🤣😅😶
There’s pre loved bags everyone. If you do want a luxury feel in your life you can buy used ones an some of them look really new an hardly worn. Not to mention the vintage bags were made better then now days of how they make the bags.
It is irrational to pay thousands of dollars for an item that costs significantly less to manufacture. Cost does not equal value. Our society has placed a high value on handbags, coupled with the artificial decrease in supply, voila, people want the items more. I view Hermes handbags as an investment.
All I can say is YOU DO YOU! I'm pro happiness. U want that get it tiger!
Luxury goods such as watches have risen 400-500% in about the last 20 years. They gauged the market potential around the year 2000 and appears they were correct. Rolex, LVMH and Apple (largely from the iPhone) have become rich. 👀
Please tell me where to find a good quality leather bag that costs $20. Thanks!
I buy Coach when it's on sale. I could never afford to purchase more expensive bags. I have decided that at the age of 60 I have enough bags to last the rest of my life and I don't need to purchase any more. I do like to change them out according to the season and what color I am wearing. When I travel I carry a plain nylon bag that cost less than $75. I also buy the Coach bags that have the logo somewhere on the bag but it's very small so mostly likely nobody would even know it's from Coach.
I am not crazy about owning Luxury Bags because I hate to be a slave to wanting to own an "IT" bag and be looked upon as wealthy. I do not want to be defined by what i own and i frankly do not want to own a bag that costs so much i grimace anytime its surface looks scratched or someone mishandles it.
why do we ? i do not period .
We can help in this by not valuing ourselves or others by their bags. At a local leather shop we can have a bag that is exactly what we want not what they want us to like. If I don't have my retirement and emergency fund and all else in order this seems meaningless. Pandemic hit and many were selling bags as discounts to get by. It is not for me. That said having one maybe two that you buy, maintain and then resell or trade in makes sense. However there are materials that a lighter, more durable than leather so I have sold off most of my leather bags.
though i understand the point of designer bag prices being mostly just hype i don't think the cost of labour was really assested correctly in your video. i am of course talking only of the bags actually hand made in EUROPE, not China or even the US. the social cost of labour is so much higher here and a bag really made totally by hand would take hundreds of work hours. it's so much quicker to rip it apart than make it. add the cost of design, selling apparatus, company administration, ateliers and shops, marketing etc. an object's price is never just it's production cost. a bag retailing for a few hundred dollars is made in China, with the quality of a chinese product. still, i would allways go for an unknown but high quality italian brand for good workmanship, high quality leather and a bag not everyone and their mother has.
I agree, there are lots more nuances to the issue that I didn't/couldn't include in this video simply because I did not have the data to refer. But yes, cost of labour, transportation etc. should also be taken into consideration of course.
After all the shipment, adeversiing etc, it is still way way overpriced.
I saw a documentary some time ago, that the bags were indeed made in Europe, but using basically immigrant slave labor from Africa or China. So there's that.
Most ppl hate companies keep make this luxury bag just to earn more money themselves but they don’t know by selling that price, they able to create more job, from the ppl who actually make it, fabric maker, director and crew who make the ads and many more others, not simply making rich even rich.
Not true, just visit their workshops and warehouses, labourers are deprived of even basic amenities like safety gloves and boots while harvesting leather with dangerous machines.
Same as car brands
Guys need to educate themselves to spot a woman with one and NEVER get involved with them.
I feel like for a multimillionaire spending a couple of thousand pounds on a handbag isn’t that big of a deal. However the problem is when average people like you and I, living in average homes, driving average cars are buying them to look like the rich. Not everyone is wealthy and that’s okay.
I can't find the video you say to watch first. Nothing appears in the corner of the screen.
To be honest, I always loved the Chanel bag, the original one. But I have become turned off of it and mostly it's not even their fault. I see that bag on most of the reality tv shows I watch, and I see all these videos on people buying them that they kind of became basic for me, not special. Same with the Birkin bag but I am not attracted to that bag at all. I think the vintage Chanel bags are gorgeous, but I hear nowadays their quality is not near as good. I also hear that some high-end brands are actually made in China but because they are designed in Italy and the label is from Italy, they can actually claim it's made in Italy. Lots of that info going around. This doesn't apply to the vintage bags of course.
I can understand that, I think sometimes when you see something over & over, it's like you still think it's beautiful, but are kind of tired of seeing it. For me, & it's not a bag, but it was the Cartier Love bracelet. Still think they're gorgeous, but it was like I was just seeing them over & over, & influencers wearing whole stacks if them. It somehow seemed less special
Its not also luxury, because of Tanner I don’t want to buy cheap bags anymore which is made of PU leather aka fake leather that will crust and torn after time.. Im now more conscious on the material made plus quality and price point. He really now became influencer, influenced us to be knowledgeable when it comes to leather.
Makes no sense to pay thousands of dollars for a bag. I hate conspicuous logos! They are tacky in the extreme. The quality on luxury bags is going down and the prices are skyrocketing.
I buy from small brands or have something made for me. I have control over the quality and get a nice stylish and practical handbag that can be used for years. My grandchildren will probably inherit them.
Chasing status.
No…. Back in the early aughts I paid $600+ for 35 cm Birkin dupes…. Loved them….. now they are worth nothing and I am now buying nice handbags that I can afford …. I do have some older Bottegas that I bought when I worked at I Magnin in the 80’s but I don’t ever buy logos like LV
Chanel advent calendar made me never want to purchase from them... I will not change my mind.
some designer clothing bags are made in factories were , the faux fake versions r made .
Guess I'm an outlier. I couldn't care less about luxury, I'm just here to try to figure out why others do. Luxury's boring AF, honestly.
I would never pay for a luxury bag with a logo. I learned from my grandmother when she cut off the identifying charms on a designer bag. I asked her why she was destroying the logo. She replied, "They are not paying me to do their advertising for them!" I hop online and find "inspired by" leather bags used and get good quality for a very modest price. So, I'm both too cheap and too proud to pay for logos!
Emporers new clothes, fools will believe the hype
I hate seeing this kind of video, like when they claim, 'Oh, this bag only costs $20, but they sell it for a thousand dollars, and you've been scammed.' This theory is so baseless and uneducated. Price doesn't solely reflect production costs; it includes everything from marketing expenses, rent, employee salaries, public relations, runway shows, and other costs. Let's put it this way: why don't you try making a bag like that, go through all the same steps they do, and sell it for $20? How about that? Please, let's be realistic
I agree. Notice he hasn't ripped apart a Birkin or Kelly? Because he knows how valuable they are!!!
@tresean1 I don't think it's in his budget to cut open a Hermès bag haha. But I do agree, $20 isn't realistic whatsoever
@@corinatralala2556 haha that's my point. If he deems these designer bags so "not worth the cost", why not just slice open a Birkin. Hahaha
@@tresean1 He attempts to seek attention and leverages his audience to gain something. Perhaps he is saving up for Hermes products, haha. However, people should awaken to the reality that luxury products are not accessible to everyone.
@@Danionme yeah I think he's trying to push an agenda that doesn't really exist. Inevitably someone will buy an S-Class Mercedes because they truly want it and they can't afford it, someone will buy diamonds because they prefer the long-term value of diamonds versus cubic zirconias. That's just the way the world goes. And as you said, luxury isn't attainable for everyone, so while I do believe that people should not base their reality on that, I do think it's okay to make that your goal to get something if you really work hard for it.
I buy hand bags at target and thrift stores / consignment shops
You can hold your stuff in a pillowcase. Buying expensive bags is plain stupid.
What do you think about sustainable products, eco-friendly? The more tough a product the more harmful it is to the environment. Please answer i
If we have half a brain we don't. Waste of money
That's the choice of each individual. People want to drive a Mercedes and work hard to get it. No different wanting a Hermes. If you want spending cheap to buy a cheap 20 dollars purse at h&m and drive a junk 500 bucks KIA, it's your own choice. Working hard to reach your dream is a common thing. To me luxury dream is normal to everyone as long as you can afford to get your dream. The jealous people love to judgemental comment because they choose to live a low life
Jealous and stupid video comment.
No it isn’t… and the more people talk about it maybe one day more people realise that … especially considering negative impact on people when they get head to head with customers service and the fact that these brands do not value us the same… one time purchase and if you have issues they will even try to make it like you bought a fake or even gaslight you in to believing that occasionally using it will damage it that mich …
If you are at peace with yourself, you don't need status symbols. I have a beautiful soul that sparkles ✨😉
I'm sorry but the Birken bag looks like a granny bag.
If it really worth the price then maybe I will spend a lot on a handbag, but only 1 or 2 expensive handbags are enough