Why 10 Luxury Clothes and Accessories Are So Expensive | So Expensive Marathon | Business Insider

[@gemelwalters2942]

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.

[@Gulag00]

Smart with your money 👍

[@SnowSNS11]

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

[@gemelwalters2942]

@@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.

[@American_patriot110]

OMG don’t you want attention? And people look at you 😂😂, that is today’s mentality

[@SnowSNS11]

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.

[@ooXChrissieXoo]

Some things are rightfully expensive, some "luxury" brands are illegally expensive.

[@Benz100]

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.

[@connieg7012]

Me too

[@--deleted--]

There is 3 reasons why things are expensive: 1. it's hard to make 2. it's rare 3. people are stupid

[@fredeatstheworld308]

people are stupid can also be just collectively valueing something. like pokemon cards. skins etc.

[@RazaliZali-l4r]

Because they are filthy rich.

[@zerihunsahle7544]

❤❤❤❤❤strong people

[@ledinhdong7743]

They call it luxury items. Like 1-star hotels and 7-star hotels.

[@sona8036]

The 1st two do no apply!! #3 YES!

[@amandapittar9398]

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.

[@nostalgiaxx-fc38]

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

[@sophiaisabelle027]

Insider Business has some of the most incredible content I've ever come across. They're always the best at what they do.

[@IamDruMzTV]

Unless it comes to written articles

[@Gulag00]

Found a insider Business burner account

[@lugia8888]

Yea theyre pretty good

[@jakeleo4518]

simple answer 55:27 mental tardation :) thanks for coming to my ted talk

[@farinellaslemmer]

The variety of textures in the amzrepo pack is impressive. From smooth leather to textured suede, there's something for everyone.

[@Masrafi]

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.

[@asdfgidji879]

street wear is a plague on society tbh

[@xlerrahul]

Common Thread Here -> Expensive/Rare Materials -> Inefficient processes -> Decades Old Technology -> Do Everything Manually === SO EXPENSIVE

[@Iskander448]

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.

[@PieterBreda]

Most of the mass produced luxury items have enormous mark-ups. Some are better, most not worth the enormous price.

[@samsonhagos6114]

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.

[@johnreybartolata2405]

When it comes to Japan, no doubt. Their craftsmanship is the best I know.

[@CHEEBnRUN]

Americans make Japanese make it perfect Chinese steal patent.

[@onemorechris]

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

[@asdfgidji879]

not a star but same idea yeah, more of a big rock or even potentially a planet made entirely of gold

[@grotemuis4889]

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.

[@richmondstar4354]

Guilty of that myself back in the day…but as I get older prefer simple or plain nowadays.

[@hallsofivy128]

I am glad someone is like me

[@Gulag00]

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

[@pwandaa]

theyre not buying it for comfort/looks, they buy it for status

[@Kni0002]

@@pwandaamost people won’t even look twice if they see someone wearing supreme sneakers lol

[@Tracy-xe9zu]

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.

[@malldemelanin]

​@Tracy-xe9zu i agree with your situation. But most people want to fit in.

[@DanielDuintjer]

@@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.

[@ozzyosbourne6]

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.

[@chris.foreal]

Buy what you like. Live once. Enjoy it. Money comes & goes.

[@sharonbuzo5601]

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!!!!

[@judi-anncrooks4756]

The bespoke shoes 💃🏽 and Cuban links ✨

[@3dp_edc]

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

[@tcarp77]

Why is it still legal to use chinchilla and beaver furs

[@romeoslover817]

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.

[@Ryu0526]

If anything says made in Japan, you know it’s gonna be good

[@CatWellman]

God bless this woman! Her amzclothesbag and clothes is amazing

[@LFPGaming]

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

[@karolinakuc4783]

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

[@consmercado3843]

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

[@candyce6233]

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. 😊

[@Qwerty12-yr7ut]

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.

[@thinkbigcharomariano]

because...

[@jakeleo4518]

simple answer 55:27 mental tardation :) thanks for coming to my ted talk

[@PremiumToyCollect]

A Premium Product !

[@NewtBeGaming]

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

[@SaianaKrishnaMehrotra-fr4qt]

nice to see that insider business is more reliable than CNBC videos.

[@roravenclaw7797]

I have a pair of Doc Martens that I have taken very good care of. They are more than 20 years old.

[@laramaaike3050]

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)

[@roravenclaw7797]

@@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.

[@chandrachurniyogi8394]

miss Nike & Reebok shoes from the mid 1990s - early 2000 . . . back then Air Jordan was something else, an entire year's production sold out worldwide in less than a month . . .

[@TTOS69]

How is something that weighs more than DJ Khaleds beard or the sun only worth $200,000? When there are pinky rings worth that.

[@chyu89]

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.

[@Danisimonecouture]

This is an amazing documentary

[@TheChrisDecember]

NIKE Trying to justify Sweatshop labor so fanboys can buy more Jordans? Pass dudes. Be more responsible with your money.

[@eddieabbott370]

Great Job youll

[@pauln7029]

The new beanie babies

[@Nakkisampyla]

Loake and Church make quality with decent price

[@allythearts5439]

I dont buy luxury clothes. I can do without. Still like to look nice but im not into the big big brand names

[@jackbaldyga7952]

nice shirt

[@rebeccabarnhart4837]

very good

[@akuratordue7494]

I love luxury ❤️

[@joyblessing5389]

That's great

[@bentmch1]

Those birkin bags are soooo ugly

[@GodzHarleyGirlStudio]

Most of these have already been posted and viewed, just all put in one video.

[@vancepowers6427]

Think about it, Michael Jordan could’ve said no I’m not doing it unless you make them affordable for everyone…. Instead, they were able and still are able to sell you something that cost them a fraction of the amount they get from you.

[@HarryTBeck]

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…

[@SuperSimrun]

Good products

[@martin5504]

The Birkin bag thing is teenage insanity.

[@pandabytes4991]

I once owned a Stetson, but I don't know what happened to it

[@chris.asi_romeo]

The illusion of (or real ) scarcity is the sole reason they are so expensive.

[@v1nc3nt_bl4ck4]

Martins ain’t made in England, they still banking on presumed reputation n good quality even tho they ain’t quality no more

[@Tennisisreallyfun]

To be honest, most of the “luxury” items I see are things that are expensive just because they are rare and the market has created the hype. Those sneakers? They aren’t usually created with the finest materials on Earth. And if they are made with alligator leather or ostrich skin, then they aren’t hand stitched, nailed, and varnished with a brush like proper dress shoes should be. There’s the segment of the luxury market of clothes and accessories composed of things made by hand using artisanal methods of only the finest possible materials. Those are worth the price. But you often won’t know about their existence and they won’t usually show up on videos like these because, for the most part, they won’t have any logos or excessive advertising to accompany them. They’re for the clients that know😉

[@Magarita810]

Unless you live in Monaco, Paris, Dubai and wealthy countries - carrying a Birkin and Kelly is like walking arounds with a target on your back. They will always be expensive as some people will pay an arm and a leg for one. The sad thing is the people who hand male this bags get paid around £1500.00 if that and the bags are sold for upwards of £6,000 more if you live in the US. These people should get at least £2,000 a month as Hermes can afford to pay them that.

[@onemorechris]

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

[@omokpariolaelshalom9883]

Great

[@mrgrape2166]

Hermes has been playing this game for years... The most expensive hand bags in the world.

[@ReviaRelanzar1234]

You are always best business insider at ur work.

[@vintageswiss9096]

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...

[@alexkwilliams]

Why is there a picture of Mao Zedong at 3:42?

[@ibleejtxivzoo7856]

If you understand currency and value you'll only buy the most prestigious items that'll never depreciate over time but only become more valuable than gold.

[@jcolt84]

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.

[@Zenboy23]

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.

[@dave2193]

It had to be Vegas Dave....

[@annienigro4624]

Doc martens are not expensive. They are around $200 Canadian. However, they are desirable if they are made in England.

[@videomantan]

Thank you for your information about luxury clothes and accessories

[@agenta3570]

I have some pairs of jeans from years ago that still look as good as the day i bought them Just buy responsibly

[@Benz100]

Levis is often a great and solid choice when it comes to jeans.

[@spikerzombie]

The big company’s are selling dreams

[@pheangmethkonyak7590]

I don't think supreme does justice to the fashion because one in a million only gets it so it isn't a big deal.

[@laknicks]

Answer to all is MARKETING nothing else

[@elMARABIYOCHO1989]

They are expensive because of the name. We already know that these products are made in some factory in China for less than $50

[@Quadrupliplex]

the problem i still have is that human feet dont naturally come to a point at the toes... so even though these may be custom made - they still arent made to benefit the anatomy of the human foot... kinda a fail in my eyes...

[@pinakinamin8658]

Antique

[@karolinakuc4783]

All worth their prize accept fast fashion brands

[@user-yx3by4we1w]

Those Momataro jeans don't even look tapered wtf...

[@joelwycoco1791]

If it is expensive for you dont patronize it thats how it works

[@Kohl...]

Humans cannot go instinct fast enough

[@warisgood454]

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

[@태이씨]

I would totally buy hand crafted clothes and shoes, but to throw out thousands for a label on your shirt? No, thanks.

[@KC-kp4vh]

That bag guy is literally the greater fool.

[@giiiddyup]

Seeing the episodes of people who collect things that have very little functionality and it’s just for looks makes me feel the best about living frugally and being mindful of the environment. These people are so excessive and are forever chasing. Looks miserable.

[@KeralaVolleyvlger]

Waiting fr crocs brand 🔥

[@HadassahVictory]

Why can't he wear gloves?????? Ghee!

[@spookshow6999]

No

[@KalRick23]

Why not use correct gloves length so your hands wont color.. it wont affect the quality so your hands are still clean-looking, right?

[@ClatoriXima]

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.

[@viewer_007]

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

[@SnowSNS11]

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

[@3dp_edc]

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

[@OztanTimucin]

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 🏏🎉

[@rushankhan7]

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 !

[@wonunuwoo]

i think the value of the jeans come of the quality and the uniqueness of the material

[@ashen0306]

You don't have to worry about them 2k jeans. You are not the target market lol

[@zayaatelier452]

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

[@darthgorthaur258]

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..

[@Youngy_Tech]

❤❤❤❤❤

[@tech4life884]

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.

[@annienigro4624]

…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.

[@ketratech8165]

Its called latex gloves for Buddha’s sake