It can be a difficult and costly matter for women who find themselves hooked to handbags. Designer handbags are notoriously expensive, and collectors are willing to pay top dollar for them. That’s because the most desirable labels, such as Chanel, Louis Vuitton, and Hermès, are works of art as well as bags. These companies make masterpieces that are so well-crafted that copycats will be reproducing them in mass and selling at a cheaper price.
But what’s up with a few of the ridiculously exorbitant prices for designer handbags? What drives the price of a limited-edition Louis Vuitton luxury handbag to $7,500, and why are women willing to pay such high prices?
Let’s look at some of the reasons why these women’s bags are so expensive, as well as how these high-priced bags continue to be in high demand.
Having to carry a designer bag from one of the leading brands sounds special for every woman. When you examine these pieces closely, you’ll notice that each stitch is meticulously done by hand, and the craftsmanship is such that the bag will last a lifetime. True luxury handbags are almost always handcrafted by skilled artisans, while the aesthetic of these pieces is created by talented and in-demand designers. An excellent technician will charge more for each hour spent than a novice — the same is true for almost all things, particularly high-end handbags.
Because many luxury women’s handbags are handcrafted, they cannot be mass-produced in a machine. Since its inception, when Louis Vuitton was founded to serve the French Royal Court, demand for designer bags has indeed been high. In the case of skyrocketing prices, the age-old economic concept of supply and demand plays a significant role. Demand for these women’s bags is so strong that some buyers will wait a long time for their handbag, paying the whole price upfront until it is ready to ship.
How many things come to your mind that will grow in value over time? There aren’t many of them. Except in rare situations, all cars depreciate, making them a money-losing investment. One of the rare exceptions to the norm is high-end designer handbags. A vintage Hermès Birkin is frequently resold for more than the price it was bought for. This is also a reason why these bags have become popular for collectors.
You can tell the difference between a genuine Chanel women designer handbag and a bulk-produced or counterfeit handbag by feeling the material with your hands. The leather that is used is a long lasting high quality material, cow skin, or that of other exotic animals. Luxury women’s handbag locks are frequently encrusted with real gold, silver, and other valuable products.
Any product would be more expensive if the simple mix of it includes great artistry, high-quality components, and limited editions were used. When you add in a less evident collector’s market and exceptionally high demand, you have got a commodity that almost always appreciates in value. That is why you will most find luxury bags for women carrying a high price tag.
Vivek is a published author of Meidilight and a cofounder of Zestful Outreach Agency. He is passionate about helping webmaster to rank their keywords through good-quality website backlinks. In his spare time, he loves to swim and cycle. You can find him on Twitter and Linkedin.