Why designer handbags like Louis Vuitton, Prada, Chanel are so expensive? Designer handbags are notoriously expensive, and collectors are willing to pay their premiums. That's because the most prized brands, such as Chanel, Louis Vuitton, and Hermès, are pieces of art that are more than just a bag. What causes a limited edition Louis Vuitton designer handbag to sell for $7,500, and why are individuals willing to pay such high prices? Brand Reputation and ExclusivityLuxury brands have spent years, if not decades, building a reputation for craftsmanship, quality, and exclusivity.

Source: dna June 02, 2023 04:13 UTC