Why do handbags cost so much

The more out of reach something seems, the more fashion customers fetishize it, and that leads the status-conscious and the deep-pocketed alike to make purchases in droves. There is likely a point at which an elevated price tag affects the number of units sold in such a way that it hurts profits, but it seems as though designers have yet to find it — they keep raising prices and we keep buying, and even if the number of units moved decreases a little bit, the higher prices make up for it.

And then some. Lastly, BoF points out, the market for luxury accessories keeps expanding. Burgeoning markets in places like China, Brazil and India mean that more people are interested in a finite amount of goods, which drives prices up no matter the industry. With more customers than ever, designer brands can name their prices, and they are. To read more, check out the full feature on Business of Fashion. Connect with D. I allow to create an account. When you log in the first time using a Social Login, we collect your account public profile information shared by the social network, based on your privacy settings.

I really do. A Hermes Birkin handbag is expensive because of the reputation of the design house and its legendary dedication to craftsmanship and quality. The Birkin is a designer bag that holds its value over time; women patiently wait years on lists to receive a special order Birkin bag which can cost upwards of , dollars. If the grand dames of the designer handbag trinity: Grace Kelly, Jane Birkin, and Jacqueline Onassis carried it; women want it.

But these three names affiliated with brand name handbags do not come cheap. Symbols of everlasting elegance and glamour, attach these three legendary names to the origin and design of a bag and voila; everybody and anybody must have it.

Luxury brands like Cartier, Hermes and Louis Vuitton were founded to serve the French royal court in the 18th and 19th centuries. Fashion house artisans spent hours designing these objects of art for aristocrats, and in later years exclusively for notable American families.

Created for the wealthy European elite, these leather goods reeked of sophistication and elitism while the strict attention to detail justified the high cost. Legendary craftsmanship makes the designer difference. According to Dr. Although not necessarily a propelling force when analyzing our desire to purchase expensive fashion items, it is worth noting that high-end designer bags happen to retain their value—and then some.

As sensical as all the psychological arguments are, there is something simply illogical about fashion. We can predict what kinds of clothes and accessories we will want as ours just as easily as we can the trends that will take over the runway—and our closets—in upcoming seasons.

So what if an incredibly expensive and likely overpriced bag helps us get there? Connect with D. I allow to create an account. When you log in the first time using a Social Login, we collect your account public profile information shared by the social network, based on your privacy settings. We also get your email address to automatically create an account for you on PurseBlog. Once your account is created, you'll be logged in to this account.

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