Why is Louis Vuitton so expensive? | CNBC Explains

[@humpty4205]

0:10 it's soo expensive that she can't even show us the real bags

[@B8R8]

humptyS I’m dead 😂

[@ebencipe]

humptyS lol i agree 😅

[@mrl9235]

😂😂😂💔💔

[@Theonyxconservative]

very astute lol🤣

[@toofaakom6646]

Haha!

[@edienandy]

They’re so expensive because people are willing to pay.

[@edienandy]

Marjo my Coach bags always get compliments too.

[@noeldee9236]

Rich people

[@noeldee9236]

Marjo probably because you don’t even communicate with people that rich and nobody knows what it is lol

[@hollyfieldnkwanui5567]

Edie &Andy exacty

[@falkenvir]

@Marjo That's why your neighbor gave it away...

[@yolandaponkers1581]

People want to flaunt their wealth, or create the illusion that they’re wealthy. Case closed.

[@Theglowuppost]

Matt C 👏🏽👏🏽👏🏽👏🏽

[@Punkbars]

It's ok if you are rich and buy these brand's products but buying them just to look rich is ridiculous

[@eugeneangwa4466]

Showing off riches is living proof that you own nothing , the rich are too busy focusing on their companies and not their looks.

[@dennismarfo3536]

@@eugeneangwa4466 a well entrenched misconception.

[@eugeneangwa4466]

@@dennismarfo3536 doing bling bling does not equate to being a billionaire, in fact warren buffet doesn't spend in massive mansions let alone expensive vehicles yet he is the most respected investor.

[@sgsgmns2497]

i just wanna know the real production cost and profit margin per bag

[@win-j-boncballera8366]

sgsg mns same thought

[@eishitsukasa3613]

they use stuff like gold and diamond

[@surenderyadav7738]

60:40 and thats maximum including R&D, Manufacturing, Distribution, Storage and Transportation.

[@varronsakhuja]

i think its near to 3000%

[@ericp4573]

Varun Sakhuja 5000%

[@geebert23]

I rather have cheap bag with lots of money inside :)

[@donaldfortitude6239]

Both?

[@lordass4007]

Bet you dont have either

[@campkira]

people like this is richer than you think....

[@JanooseCanada]

I agree the bag I use daily is $25 purse I got from winners or Marshall's. This purchase is a wallet inside it has the different bill and credit card slots. It has a chain to use the purse as a small shoulder purse. I got a similar purse from Michael Kors 4 x the price and I feel annoyed using it because the credit card slots too small.

[@sunilchowta2075]

I agree with you 👍☝😊👌✌

[@evazheng2046]

$20 is the cost. The rest is how stupid the buyers are.

[@sc0368]

$20??😅 🤣 So 5 cent take home pay check! You're really good at running a business... Wow.. 😅

[@itsbritneybyotch7471]

Probably people just like it, you can't call them stupid becuz they like it

[@isaacinalberta]

you should open a sweat shop for your 20 dollar bags.

[@sugahmama7794]

Ridiculous

[@seraphinespeacekeeper]

Idk why you guys are so pressed over people spending their money on huge brands. Its called marketing strategy, and if you have a huge brand/company, you would do the same for profit, smh😑...

[@mohammedkhan4990]

There is absolutely no reason why a leather bag should cost $55,000. No reason. Unless it’s alien leather.

[@amyenriquez5026]

LV is alien .... conscience no value

[@everettfanor1989]

No bag should cost more then $300. The people that are paying more then that are getting scammed and are blind sheep

[@normagilpin7841]

​@@everettfanor1989 Well, I read someplace that one of their really pricey "normal" bags(not gold plated, for example) is made of "blue crocodile" leather. I didn't know such a creature as a blue croc existed. So maybe that's why a bag might cost 55k. Pretty sure tho that modern techniques can imitate blue crocodile out of vinyl/polyester/etc! The "real" thing is for people like Oprah and Bezos' Ex for whom price is meaningless ;-)

[@everettfanor1989]

@@normagilpin7841 Most of the bags arent made out of crocodile and cost so much money. Even if a bag is crocodile it should cost under $500. Its all a scam

[@benbersales4250]

MONEY/SUCCESS 10Million Unless, of course, the bag has like 18 pockets and it's waterproof and fireproof, then yeah; it should cost a lot more. But for a tiny ass bag? I fon’t think so!

[@kshienator]

Basically, rich people need to find ways to spend their money.

[@codychoe]

They choose the lowest bidding Mexican for their lawn job but pays highest price for their bag.

[@that1guy524]

cody choi it’s so ass backwards isn’t it?!! Just shows their fucking priorities and why shit is so expensive. 😂

[@campkira]

No.... some people just richer than other and need to show that I rich so don't fuck with me.....

[@beachboi6196]

Facts

[@pennyc8252]

So true

[@victorseah]

I think the correct question would be better phrased as “Why do we even need a Louis Vuitton?” 🤔

[@imanafdar]

you dont include "need" when you talking about these brands that boosting ego

[@RinCooks]

Because rich people and I kinda like their bag ngl. But u can replace Louis Vuitton with almost anything. Like why do we need grocery stores when we can go harvest our own food?

[@j.louisrodriguez2025]

I would use Louie bag's n to be honest I STOPPED USING AS PEOPLE WILL SEE ME FOR THE BAG N NOT FOR WHO I WAS...UR PAYING TO WEAR A LABEL N STATUS.

[@turbocharge2512]

Are you GUCCI ?

[@palomatokio]

Luxury is by definition "not needed". Hm

[@amsec7850]

Still doesn't explain why the damn bags are so expensive

[@jon-unicorn-doxxer]

they create demand and never outsource in china...Its like Supreme but not outsourcing in china...

[@alexroque7550]

Because they make the bags really really carefully, and manually.

[@madeleinedeburgh6703]

@@alexroque7550 Not really there are well-made bags made manually in France but the Companies do not have a chance

[@Lucky8s]

The price of the bag comes down to the value of the brand. There's no doubt LV uses fine materials for its bags, but that accounts for a marginal amount of the overall selling price. It gets the majority of its price from how people perceive LV, which is accomplished through marketing of exclusivity, luxury, and identity with the rich and famous (such as Chris Wu and Kanye West).

[@Trgn]

To keep away poor and middle income people from owning them obviously. Artificial scacity set the price.

[@mozeee6486]

Be the person where you have $1000 in a $50 bag rather than $50 in a $1000 bag

[@tonyc7204]

Better dont carry anythings! Just bring ur i/d card.. the rest, others ppl pay for ur foods everydays😂😂😂

[@mariaalexander427]

Wow, well said!

[@fredyromero9621]

Mediocre, in other words, you can't afford a LV.

[@Nessy2413]

Who carries $1000 nowadays everything is on card!

[@lauriepenner350]

I'd rather have $1050 in a ziploc baggie.

[@meganmckenzie3389]

I got a LV speedy 11 years ago for a milestone birthday. Still perfect today. That's why.

[@michelleplants3005]

Agreed! Got my speedy 35 in 1989 and still have it. Just got a new speedy for my birthday this year. Forever a customer LV❤

[@Oikofugix]

@@michelleplants3005 I placed my first order today. My 40th birthday 🎁. I am so excited LV

[@michelleplants3005]

@@Oikofugix I want another one so bad. I got the fever!

[@amberstewart5530]

I got my first Louis Vuitton recently for my birthday and love it 😊

[@raffiart5121]

I have Hanes underwear that I have been wearing for almost 9 years now and I take shower every morning which means I wash them every week. You can buy them at Walmart!

[@dzikrinasaira3475]

Because many people feel so *INSECURE* without buying brandy clothes/bags/shoes... Insecurity is one of problems that ppl have nowadays..

[@ginlee4731]

They equal that label to who they are and social respect to themselves. That's how superficial consumerism works, a commercial scam!

[@celeste9473]

If you have money, I don’t see the problem in buying expensive quality products. I wouldn’t buy from them even if I did have money but I don’t see the point in criticising the people that do, it just comes off as jealousy.

[@dzikrinasaira3475]

@@celeste9473 No, I dont mean to criticize ppl, nor feel jealous to whoever buyinng brandy things. I mean, what for? Its their own choice, their own money. But, I just think that nowadays ppl value materialism n lavish lifetsyle more, since they're popularized n promoted by many celebrites, influencers, etc. And I also know that not everyone feels so insecure because of 'that promoted lavish lifestyle', thats why I said *"many people"* instead of "all the people/everyone"

[@gazturabin7566]

@@celeste9473 read properly.

[@rolodexpropaganda]

Or maybe they just like it ?

[@humpty4205]

How do you show you are rich and higher in status that other people? U won't carry your income statement on your shoulder, so you carry a Louis Vuitton bag.

[@geohiekim8705]

Heh, now I want a bag with a income tax receipt plastered over it to show the world how rich I am... Except I'm not rich so I might get arrested for tax evasion.

[@moongamizinga5355]

you don't need to show anyone that you're rich. most rich people dress modestly

[@burd7455]

Most people who but these expensive items are "fake rich".

[@joshf-w9602]

If I had to guess I’d say 60% of the people who buy Louis, Gucci, etc are the fake it till you make it types who portray a fabricated level of success through spending beyond their means and showing it off on Instagram

[@mymidgetbae184]

Joke's on you if you really feel the need to show you are in higher status

[@champipoy]

It will never be expensive as long as no one buys it.... Stupid people makes it worth the while....

[@dickmelsonlupot7697]

@@z3phr0n Why are you targetting the Chinese? That's pretty much the mentality of every nationality in the world. It's not specific to one race. It's a human thing.

[@z3phr0n]

@@dickmelsonlupot7697 No It's not ...look at the video on which country buys the most luxury handbags. The present day chinese culture is one of the most money centric in the world. I have witnessed this first hand and speak from personal experience. Just google for some social experiment videos from china...there was a guy who did an experiment driving a ferrari in china...trying to pick up random women from the streets of china...some people can be so ignorant of facts

[@dickmelsonlupot7697]

@@z3phr0n And that proves how exactly? Of course China will have a lot of numbers, for fck's sake they have the biggest population in the entire world. And FYI, It's a French company and not Chinese. It was only recently that China caught up with the world's trends. And for the most part, it has far been going on in other parts of the world and specifically Europe and America than it has for China. (As per your stupid comment) look at the fcking video. Even the owner said China has more bikes back then. Like I said, it's not a "Chinese" thing but a *HUMAN* thing. Humans will always find a way to one up each other. That's true if they were Chinese, French, British, American, Arab or whatever. It's nothing new you idiot

[@dickmelsonlupot7697]

@@z3phr0n Numbers don't mean jack sht if you can't even understand the whole context.

[@Teporame]

z3phr0n are you envious? because you sound a lot like that. You are being racist, and the proof is that LV has been an elitist brand many decades before the chinese had the money to buy their products.

[@MS-gl5mg]

i carry a 15$ backback and i am doing just fine

[@ThePrinceraj88]

Atta boy 🗽

[@sethxio4667]

No one cares

[@remrushan]

M S what’s a *”backback”* ?

[@ANANDU75]

Come to India will help you get a handbag under 2$

[@user-xc1sx6hp8p]

See a Louis owner would spell backpack correctly and you know that hah

[@simigu1071]

its basically us people who make it expensive, if nobody bought it for that price then it would be cheap just like other brands

[@yuanzddd7122]

cuz youre live in cheap family

[@FeelFree3]

The toilet is ridiculous, it's like the brand would sell everything for money.

[@Foxyroxy-jh1bv]

I did!!!

[@aussieintheuk]

The toilet was not an official LV item: it was an artwork by Illma Gore- LV would not offer an item like that, but sometimes these CNBC videos rush things without doing proper research...

[@JeffLewis7]

Answer: Because idiots are willing to pay high prices to feel better about themselves.

[@alpham2914]

Insecurity man....its killing this generation

[@TheLegendaryLinx]

When u have money, it has to go somewhere. U dont want to be the richest person in the grave.

[@paulabeajustinestation7714]

When People can't afford luxury so they call People who can idiots 😂

[@sinxskits2284]

Hard pill to swallow at one point ,

[@devanshudave6940]

@K. Cook well said

[@marimarrivera4643]

I think LV is pretty affordable compared to Chanel or Hermes.

[@johankyleong]

Marimar Rivera ikr the Hermès birkins cost so much more lol

[@youcantalwaysgetwhatyouwan6687]

They are all affordable if your parents are Millionaires

[@windskm]

No way Chanel is way cheaper

[@song1861]

​@@windskm lol A regular LV bag cost 1-2K, while Chanel cost over 3K+

[@evastood4539]

Song and Hermès is a loan on a house $100k😵

[@9livescreations]

Misleading Topic. Does little to explain why are they so expensive

[@alfredozarate4072]

Rupesh Ranjan did you not pay attention?

[@thebomb5629]

They are expensive because they make their products scarce

[@JaeHwaShim77]

I agree with Rupesh. Easy to say they limit the production and handmade in France and use expensive material but everyone wants to do this if it sells well. Should have explained how LV gained so much fame and what is so special about he brand. We all heard of the brand but why is it the number 1 valued luxury brand?

[@thebomb5629]

Jay Shim it’s no.1 brand because of loyalty simple, their model is let’s have few loyal customers who will pay as premium. Note the danger with this model is you leave out a large market segment to be served by counterfeit so its a very tricky strategy that not just anyone can operate on

[@9livescreations]

@@alfredozarate4072 I am a product developer of fashion products, including high end bags. What's your excuse for trolling?

[@TalkToMeInTagalog]

Many ladies living paycheck to paycheck buy LV bags in order to look "rich" 😏✌

[@kt0810ab]

yeah it's sad. that's why I don't believe everything I see on Instagram.

[@rieu2728]

Filipino ai?

[@Dedezhouse]

lol no I’m pretty sure it’s a replica

[@yellowbutterflybliss1170]

Most just have money, not just to look rich.

[@dazzypeters6793]

Fr. I see alot of them with a LV bag thinking I know all of them don't got that money.

[@potatomatop9326]

Why my net worth is $1

[@CorporateShill]

@@skylight2369 stop spending $70 on avacado toast, gen z will crush your generator

[@lordvenom4419]

Wow i saw ur comments so many times, u r just like Justin Y and guy without moustache

[@johnpatrick1588]

Goes to show how egos and vanity inflict some humans.

[@oldshoe1]

This brand is intended for the rich, so if you want a LV bag and you have to put it on a credit card then it’s not for you.

[@meemee5660]

No, the majority of people who purchase LV put that purchase on a card. The real determining factor is do/can you pay the entire bill when it comes due.

[@bakechef781]

The rich and rich celebrities likely get them for free so that they will be seen carrying them. Then the middle class overextends themselves trying to capture that look of wealth and success. It's kinda sad actually. Why do you think brands like Gucci make t-shirts with their logo plastered all over it, so poor people can feel baller.

[@dennismarfo3536]

@@bakechef781" The rich and rich celebrities..." Actually, it is some rich and rich celebrities.

[@MrEkzotic]

@@bakechef781 Exactly right.

[@Good1vibes]

Why pay for cash when I can use my cash for fine dining? I use my American Express for Bally’s men shoes and their leather goods as well as my wife’s LV, Hermes, and Chanel but we pay it off every month. Grant it we have great income but it’s better to purchase luxury items than drugs or alcohol. Enjoy life.

[@youcantalwaysgetwhatyouwan6687]

Louis Vuitton Price breakdown 99.99% - price of Louis Vuitton label 0.01% - price of the bag (it includes labor, delivery, employee salary, fabrics)

[@ronald62966]

YouCan'tAlwaysGet WhatYouWant 😂😂😂😂😂

[@SunkJakeIsland]

YouCan'tAlwaysGet WhatYouWant more like 30%..

[@campkira]

Not really.... it business operating, marketing... etc... If you get the limited one it is good price but If you just not smart buyer then..... yeah it 0.01%.... since LV is now not destroy their inventory...

[@samy_bouzaglo]

We all know that u are dumb enough to not understand the cost of patent, and we know that u have never worked in industry which has registered a patent product before

[@youcantalwaysgetwhatyouwan6687]

@@samy_bouzaglo So base on your statement. You already said that we are just paying for almost all of the cost because of the brand. Moronic oldman

[@vudoodaddie]

People are so easily suckered by marketing just like diamonds.

[@kayyoung9242]

Exactly ^^^^

[@lighteningsnips]

I know right? I truly don't understand why humans value diamonds so much, when you can get gemstones that look very similar to diamonds for a fraction of the price.

[@minasamir2724]

We have a proverb here in Egypt : " The wealth of the A**hole is from the insanes' pockets" I think it applies here. رزق الهبل على المجانين.

[@sheeyan5717]

hahaha aywa

[@AlexS-oj8qf]

Egypt is an asshole country so ai wonder who's pocket is Egypt come from

[@maymay5812]

That's true. Literally value is given to something with no worth. Things with worth have no value. I agree

[@anaqvi2012]

ممتاز

[@Prince-pb1vf]

Hahhahahahahahhahah I'm done with Egypt now lol

[@jilliango15]

the word expensive is relative. it depends on your pocket/bank account. haha

[@korbang6602]

I had been studying economics for four years and based on my study consumption varies according to income. The more income an individual has the more consumption he/she has to.

[@victoriamellor2189]

The only place where success comes before work is in the dictionary

[@victoriamellor2189]

Keep on going, and the chances are that you will stumble on something, perhaps when you are least expecting it. I never heard of anyone ever stumbling on something sitting down

[@franklinbradley886]

A successful man is one who can lay a firm foundation with the bricks that other throw at him."

[@marywills5744]

Some people dream of success while others wake up and work

[@samanthaharwood8167]

Success isn't just about what you accomplish in your life; it's about what you inspire others to do

[@dulcerocio4763]

@@samanthaharwood8167 Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit

[@ChrisInvests]

Because some people don't mind paying a ton of money for a hand bag 🤷‍♂️

[@jiayangliu]

SneakerUpdate Why can’t people spend their hard earned money on things they want?

[@bugeye8749]

Then we get global warming 💁‍♀️

[@VoltPercival]

@@jiayangliu lol

[@AlexS-oj8qf]

"a ton of money" is subjective tho. For some people, the LV bag is affordable. We see it as luxury item, vut some people see it as staple item.

[@enitsolange2860]

Its not a bag is show you they are better than us. To me I feel bad for those people, I do prefer a Fair trade vegan pretty bag.

[@jmcmlxxxix]

Luxury died when they began to cater to the masses. Hoodies and sneakers will never be luxurious

[@937dboy]

yeezus excuse me amiri makes luxury hoodies. After you put your feet in etro's runners, you wont want to wear anything else. And they produce limited quantities.

[@jmcmlxxxix]

937dboy I said what I said

[@Mark_Bayer]

Agree 100%. All these brands are for new money morons.

[@jmcmlxxxix]

MTB435 yes there’s no exclusivity it’s all getting worst and worst

[@cnd380sec]

@yeezus Preach! They reached a new low when they started selling slides as well.

[@roselyncostorio1516]

I can't stock my stomach with food with that bag, there's so many people who's hungry and in need I'd rather spend thousands of dollars with them than a bag.

[@lonewanderer8414]

Because people will go to any lengths just to showoff

[@kingcarter9975]

Manufacturing a bag in France doesn’t justify $50k price. Neither does limiting items. People are just stupid and wasteful.

[@MelvinJ64]

No, the demand is what does.

[@kingcarter9975]

Oba O got nothing to do with demand, pal. Everything to do with the company knowing their stupid customers will pay anything. At that price point money obviously means very little

[@SunkJakeIsland]

Alexander Carter most LV bags aren’t 50k, let alone 10k.. heck most aren’t even 5k, extremely expensive bags that are 50k+ are either limited edition or heavily limited stock/rare.

[@kingcarter9975]

bl_vr regardless of the rarity. Anyone selling $50k+ for a handbag knows their customers stupid enough to be convinced that what they are paying is worth it. The price could be $500k+ and LV and you, president of their fan club, would feel it was justified and worth the asking price. It’s a HANDBAG! Also why are we wasting our time debating them?? Peace.

[@JoyTv281983524]

Omg! It's expensive than my house here in Philippines huhuhu hehe!

[@reinaadrianadablo2912]

why is no one talking how beautiful the speaker is. Her skin is glowing, she's gorgeous omg

[@Nezuko2310]

She is beautiful indeed ❤️

[@MrEkzotic]

She is, but I'm not attracted to dark skinned women.

[@akasimensah7953]

@@MrEkzotic who asked you if you interested in dark skinned women.

[@akasimensah7953]

@@MrEkzotic who cares

[@itsbritneybyotch7471]

.

[@wuhduhhuh]

As someone living in the most expensive area in California I’d rather have a nice house than a lv bag lol.

[@jxteeee]

Los angelos

[@Prince-pb1vf]

The rich have both bag and houses so be humble and appreciate what u have and bless those who have more than u then God will bless your life as well ...coz u may never know how everyone earns his/her money.

[@Nessy2413]

You can have both!

[@lildiffy131]

Comparing Louis bag and House...are you crazy😂😂😂

[@carissa4553]

Same here in Hong Kong( most expensive city in China) there’re lots of millionaire and billionaires, however most of them don’t buy lots of LV bags, instead they buy lots of FLATS and invest them !

[@AldoFelt]

Things will be worth as much as people will be willing to pay. No materials no history can justify the price tag.

[@blu_nades]

Aldo Felipe ya heard of Bespoke?

[@everettfanor1989]

Thank you sir. Prices are all made up in some board room. Its all scams

[@estherkisob9919]

You are correct, it's basic economics. Supply and demand. If people continue to demand that product the manufacturer will continue to produce it, even at a higher price.

[@ikonic4699]

Too many salty creatures in the comment sec. I don't own an LV, but I shall not be judge for wanting to buy a designer bag with my damn hard earned money! Get a job and quit judging others! It doesn't make you a better person!

[@ENOUSSOU]

Could not agree more !

[@campkira]

you work for it....

[@Vasalyn]

Agreed!!

[@imyourbigfanifyouarereal4077]

Rich: LV is so cool Middle class: rich people are idiots that's why CNBC: thinks it explains why it is expensive LV: laughs secretly Me: write this comment

[@residentevil5jill]

Me:reads this comment

[@Kanal7Indonesia]

You: what

[@aromalgerie]

Me: see this comment

[@lilpiepie]

The way you wrote this comment seriously makes you sound very unintelligent.

[@jashmodi]

Everything French and Italian is expensive

[@Foxyroxy-jh1bv]

Jash Modi thank you.

[@camerontaylor7471]

But why?

[@nickwilsonxc]

Prestige

[@dylanwang8613]

What she said does not justify the high price at all. The real reason is a lot of people all over the world are dumb enough to believe that whoever carries a LV is rich.

[@Hawktotalwar]

I'm a guy, and I literally don't understand the value of these bags. I rather spend money on a rolex because at least it still works after 20 years and is something I can pass on to other people. With these handbags it just gets phased out by time.

[@ryanb1800]

Well no it’s the exact same concept as you’re saying with a Rolex. They last for decades and some of their styles like the speedy, neverfull and alma will never go out of style. Some are financial investments and some are quality investments.

[@chownful]

I agree about not understanding WHY people buy these overpriced, supply manipulated product, but I don't know if they get "phased out" since the video itself said that the design hasn't changed for over 100 years.

[@Zeosth]

Fat Guy better spend on car or house

[@siddxk]

For a Poor person: $1 Just for a Bag: $2500 Just Rich people things.

[@Dashman100]

But that poor man may not even give $1 if he become rich!!

[@lastoneok3002]

@@Dashman100 Vain

[@svongsa]

I'm saving up for the $55,000 handbag on my $7000 per year salary. Cant wait.

[@Nina-fy5fn]

Good luck👏👏

[@RoYal-xz5ch]

8 years for a bag, excluding household expenses lol

[@bignono9589]

Simply put: You pay for the quality, attention to detail, name and history

[@davidmacdonald625]

And there extreme cruelty to animals in there products

[@null0452]

So for nothing lmao

[@jambori1166]

Real rich people don’t need expensive handbags to “improve” their image. The most valuable thing is above the neck whether they see it or not.

[@J6789-c9s]

Mason Tam Would you rather own a $1.2 million dollar Ferrari or a $4000 Honda? Would you rather own a Mansion or a house that leaks when you turn on the shower? There is nothing wrong with enjoying the finer things. Acting like you are above it all makes you seem equally annoying as a rich snob.

[@ridgeglorialukusa3597]

Stop lying to yourself ° there's a lot of billionaires using fancy cars and luxury lifestyle...

[@randomweeb4871]

Exactly it's their nose

[@manasilad5582]

The chin?

[@iROChakri]

@@J6789-c9s Actually many worlds richest people have a humble life lol

[@trinidadandtobago7098]

I'm not spending that kind of money on any bag to please ppl eyes the most I'm spending on a bag is $60TTD which is just 10USD in my country Trinidad and Tobago 🇹🇹🇹🇹

[@entrepreneurcentral2883]

Bernard Arnault is a visionary, I will do a video about him

[@Ghost-vg6iq]

What is that so visionary/futuristic about some leather bags ??

[@no17060]

@@Ghost-vg6iq it's not just the bags, fashion is huge

[@randyra88]

@@Ghost-vg6iq why don't you try doing it and then you'll see if it's actually as easy as you think.

[@Ghost-vg6iq]

@@randyra88 I admit Bernard Arnault is a great businessman.And yeah they are definitely genius at marketing of the brand. But i don't have any idea what's so visionary about "leather bags".

[@carissa4553]

Because these stuff symbolise rich, people buy it then show off

[@kaelaleedaley]

I love the comment about having a cheap bag full of money! I wouldn't spend more that £20 on a bag and even then, it would have to be of exceptional quality. I currently use only a backpack which is now 5 years old. The lining died away 2 years ago so I sewed in a new one! From time to time it needs tlc but it still looks great and works perfectly! Xx

[@tara2769]

great we going sustainable. kudos

[@ibobsyncratic]

My mom’s friend though literally living in a garage got herself a $3,000 purse 😮

[@mein3324]

But they need customer coming to them every quarter or year and rich person, especially youngster prefer latest trend. So making it durable is of no use especially for rich people. IPhone becomes outdated every year.

[@anthonyemmm]

One of the greatest marketing schemes ever. I can’t comprehend why people fall for this crap. I just got to have it even if I don’t have the money to buy mentality.

[@whitegoodman7465]

Mentally weak they are.

[@true_the_lens]

They’ve managed to build a brand that one aspires to just like Apple and they can slap a premium on anything they produce and as long as people perceive it’s brand as exclusive then they can continue to charge more.

[@whitegoodman7465]

Yup, its pathetic. Mind manipulation. Overpriced garbage.

[@jujuondabeat2344]

@@whitegoodman7465 pathetic for the company? Or pathetic for the people falling for it?

[@mein3324]

That's how europe got rich without oil. Sell $50 product at $50000. 😅

[@yari722]

I buy vintage... NEVER PAY RETAIL 👍....and ppl have no clue if I paid 1500$ when in reality i paid 50$.... 👍....

[@colinyuan5404]

i'm never a fan of LV, their design seems very suitable for 40~50 years old women, and some loser who wants to pretend as a "successful person"

[@ENOUSSOU]

Loser says u ! LOL

[@campkira]

That because the young one all sold out... You had to be somebody to get younger one....get it?

[@colinyuan5404]

@Donald J Trump hey Mr. Trump! still doing well in White House? ready for the impeachment?

[@colinyuan5404]

@K. Cook i think super rich people tend not to show any logo of their clothes or bags, but LV's philosophy is like "we want to put our logos in everything we made, just to show other people how fucking rich the man/woman who own this clothes/bags... is"

[@edienandy]

K. Cook very true. Most people who carry LV are middle class people trying to look like they have more money than they really do or tacky nouveau riche trash.

[@machalagreen386]

The internet has created more impact in our life, financially, socially and otherwise, for the betterment of our lives.

[@machalagreen386]

The Bitcoin market is home to endless financial opportunities, if you are not focused you will get sucked in crowd thinking, but thanks to expert Mrs Tessy for is contribution in the crypto space without her a lot of us will be lost in a day trading.

[@michealcliff4994]

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[@angelascott2490]

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[@angelascott2490]

Bitcoin is rising like wide fire 🔥

[@aprilfanny9030]

@Larry Jay Self trade is too risky if you don't have the knowledge and strategies on how to trade and read margins.

[@VinArchives]

Not too many companies have the ability to stay in business and resist and prevail the economic depressions and world wars. Louis Vuitton has proven that it is more than just a luxury brand.

[@nickodemusjohnson]

So if it is MORE than a luxury brand, what exactly are you specifying that it is? I mean in that case doesn't half of religions around the globe have outlasted humans and wars?

[@ViburaBlanca]

@@nickodemusjohnson Well LV and Religion do have something in common. Both are made up values that only matter to people that believe said value.

[@dannythedanny22]

Suprised how they didn’t talk about the Supreme x Louis Vuttion collection because that’s what really got a lot of the streetwear people into Louis Vuttion

[@michealdouglas8206]

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

[@christophercook7170]

Yeah! I agree with you sir.

[@christophercook7170]

If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.

[@davidmike6847]

@@christophercook7170 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.

[@gabrielanthony9995]

@@davidmike6847 That's very correct sir!! And that is why most of them end up losing they money to scammers.

[@gabrielanthony9995]

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

[@ramosshashar.1467]

here in the Philippines u can find that everywhere worth less than $4 lmaooo

[@sagek7949]

shasha ramos aaahahahhaah ! Lol! They do that here in India as well. 😂

[@Itsberryys2115]

Dv soria

[@NoName-mm6gh]

Sage k 😂😂😂😂i see them a lot here as well

[@tomallen5029]

Why they cost so much is because people are stupid enough to pay for it.

[@petiteluxenoir5741]

Tom Allen well said!

[@melitariver5999]

The long term are doing well while the short term trade requires precision in its execution but gosh, they do amazing when you're on the right side

[@giegasopa4477]

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[@ritaloveth2128]

I will introduce you to my broker expert Ms Bambi Alex

[@enilitagiray3841]

Even with the covid-19, i made my profit during the covid-19 pandemic investing with expert Bambi Alex I'm now on my way to financial freedom

[@hellenmaryann8485]

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[@michaeljarvis5051]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Bambi

[@Weareonenation303]

Louis Vuitton is a lot like Apple, you're paying a hefty amount for the brand name.

[@Shapar95]

Oh shut up. Apple has a 36 percent margin much like hp, dell and lower than Microsoft. Louis Vuitton has a 95 percent margin.

[@keiraalexander455]

@@Shapar95 a triggered Apple fan

[@കട്ടപ്പ-ഖ2ന]

Apple atleast give quality..it will 4-5 years atleast without any problem unlike samsung..but LV charges 600$ for average quality

[@christophergasmena7903]

LV appreciate in value while apple phone depreciates after 1 year to 5 yrs your phine is nothing like a trash😆

[@vedantmungre1702]

​@@keiraalexander455 No fanboy,but he's actually correct.

[@Money-talking]

"Why is Louis Vuitton so expensive?" It's manufactured in France. "Oh well we can stop right there, it already makes sense to me!"

[@zharborneo3891]

I still don't understand why LV is so expensive seriously

[@andym6110]

Not manufactured in France. It’s made in third world sweat shop factories.

[@ofcshawn462]

because the owners wanna make a HUGE PROFIT

[@purplefather8393]

they do make huge profit actually

[@chevyguy2063]

I love when broke people have these bags

[@rlvixen]

Chevy Guy They afforded it somehow and will have it forever. 👍🏾 Be mad about it.😜

[@chevyguy2063]

::Blaque Butterfly:: yea you’re probably one of those people that pull out a link card out of your LV purse

[@lafemmerowena]

@@rlvixen I think you need to know, forever don't exist. 🤣 Only for cockroaches.

[@rlvixen]

Chevy Guy I don't even know what a link card is. Must be for people like you that don't have good credit or bank accounts. 🤷🏾‍♀️ Step your game up,sis.

[@rlvixen]

R.N V.H Forever exist for everyone. Selah

[@nagan2273]

Person who knows real value of money will never buy these kind of shits only entertainers buy these because they're paid

[@lordanubis4709]

True..

[@MelvinJ64]

A person who can afford it will buy it. Pleb.

[@topaznora2055]

Actually... Quality is why it's so popular. These bags last forever. If you are a one bagger like me. It's worth it.

[@joyceg7859]

They get it for free slot of times as well celebrities and entertainers

[@Thomas-Bradley]

You are just too dirt poor to even buy these handbags that’s why you’re so salty 🤦🏻‍♂️

[@syedowaisshah9165]

It’s so expensive becoz he’s known his company is known nd everyone wanna to have something from his company not because there is something special about his brand lmaooo

[@thebugbud]

i do realised that people with insecurity or lack of confidence tends to use materials get the necessary boost. Brands like LV, BMW, Mercedes, Prada and etc are capitalising on this market. It's a pity to see such group of people that can't find their own identity and need to hide behind those brands

[@thebugbud]

@E Double on the bright side, you may have bought it for brand appreciation 😀

[@dormamo6917]

If I am a billionare I would still spend reasonable prices for a handbag.

[@abcdef-bz7ew]

Atleast spend money and buy powerful telescope. The beauty u see in the telescope is jothhing compared to what LV provides

[@ViburaBlanca]

@@abcdef-bz7ew LV telescope exists

[@reyalvinbanares6214]

I rather have a Luxury Heart to help who are in need than just show how rich I am but not helping others.

[@MegaJae]

So you think the people who can buy those bag didnt help others? You can still help others and buy luxury things too, because helping others is choice, you dont need to wait until you have enough money to buy expensive things

[@reyalvinbanares6214]

Did I say that they didn’t help others? I said I rather help those are in need than just showing how rich I am by showing/using those bags.. I rather buy clothes and give it to homeless than buying those bags

[@MegaJae]

@@reyalvinbanares6214 okay, dear. You have a good heart apparently. Congrats, you can start helping others from now tho 💗

[@lildiffy131]

@@reyalvinbanares6214 I'd Give to charities and Still use money the way I want it.♥️

[@ratgirl669]

This is coming from a place of truth - I dont and can’t justify spending exorbitant amounts of money on luxury items BUT I do own a few across brands and I must say LV (and other brands) really upholds its quality, style and structure. For me at least it’s more than just a “status symbol” I really do appreciate the quality of these bags and you’ll find that you can’t compare these to a store bought $15 bag...it’s just different.

[@ENOUSSOU]

Zena Cheong well said

[@campkira]

IT not for you......

[@excitingmarmot2820]

So expensive? Me in third country seeing LV more like "why louis vuitton as expensive as your entire salary in a year"

[@laverdadbuscador]

I recently bought one for my wife's birthday. She had been begging for one for years, but I just couldn't figure it out. Finally came yesterday. I looked at it, examined it. I know leather working fyi. The purse does use nice leather and the stitching is perfect. But outside of that, it's still just a normal purse. LV is a perfect example of people buying the name more than they are buying the product itself. But she likes it, so whatever. I don't get it. I've never been the type to buy something for its name recognition. Quality and function is my prime desire. I have a man purse hand made in Morocco....paid $120. That is worth every penny. Super high quality, durable, yet soft leather, cool looking interior, great stitching, durable high quality hardware.....it's a purse I can keep for a life time and will always look good. But it doesn't have the brand prestige.

[@MsJanetWood]

2:53 *It's ironic! If someone sells a counterfeit bag 👜, they get arrested and go to jail and/or pay a huge fine! But, if a big hairy man puts on lipstick 💄and heels 👠👠 claims to be a "woman". He is hailed a hero, and put on the cover a woman's magazine! Crazy times we are living in indeed!*

[@clarisaantiagingdermatology]

So, well said

[@nethbt]

it's getting harder and harder to spot a well made 'FAKE' vs Legit by just seeing it

[@manasilad5582]

Thats good

[@lemonforever]

I cannot tell a fake at all..

[@BenjiYbanez]

One word to explain why : FLEX End of story

[@Rin-le7cx]

Me and my fake gucci bag is doing well. I’m coming for you coach!!!

[@korbang6602]

Only fake people use fake brand.

[@Rin-le7cx]

Kor Bang true. We are both fake. 😂😂😂

[@korbang6602]

@@Rin-le7cx I'm not a fake because l don't want to use fake items.

[@Rin-le7cx]

Kor Bang yes u r fake. The fakest there is.

[@roselovesmakeup]

Rin Coach can be expensive to some people as well

[@sakurazen9815]

I better buy fake than original.even you buy original people think thats fake also hehe

[@nicolasmckieran5187]

Buy to satisfy your needs, not other people's needs.

[@cm_yasmin]

Sakura Zen so true!!!

[@ColoringKaria]

Sakura Zen fake bags support child rape, terrorism and human trafficking. Don’t buy fake bags. Buy bags from anything other than buying fakes.

[@song1861]

I guess you need to have a standard.

[@peterhan810]

Hell no It is about the copy's right

[@itsbritneybyotch7471]

I could only imagine what if they sell a bottle of water that they got from the local market, slap some louis vuitton logo and sell it for 999 Dollars

[@dylanhamilton2455]

Everyone has knocks off. When you owe one people will also think that is a knock off. Just buy a knock off and save your dollar

[@jas6838]

Let people live!! I brought my first LV bag cause i liked it. I wanted it and I brought it. People read too much into things like this. It’s really not that serious. I carry my LV bag and my coach bag or my Frye leather bag I buy from TJ Maxx just the same. 💁🏾‍♀️

[@dw12345-k]

Same this envy is unnecessary, those people are the first ones who would buy something expensive if they had the money to do so and there is nothing wrong with it no shame really🤷🏼‍♀️

[@liyah5726]

Exactly. I actually buy all my designer stuff pre loved or from outlets. So I spend way less money and I’m grateful I have these pieces. I choose ones that fit my personal style and lifestyle. People can judge me all they want but it makes me happy. I have two dollar bags from thrift stores I brag about all the time and I love them the same.

[@umarazeez3438]

Hi everyone, I'm actually looking for a good trader that can help me trade and make profits, but is very hard to see a trusted one.. Any idea..

[@kylieiris5240]

Forex trading has left me no choice but to keep investing cause it's makes so much profit for me

[@terigiovanni826]

BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXITS IN THE WORLD

[@terigiovanni826]

Bitcoin trading nowadays is a big chance to make money

[@tuchelbenrobert1595]

Buy and invest in bitcoin and other cryptocurrency today!!!!

[@brandlyedward7552]

I wanted to trade crypto but I got confused by the fluctuation in price

[@drfate9110]

Why would someone buy these bags instead of owning a car

[@AHeranam]

RKO maybe because car depreciated by time while the bag its do depreciate but slow, even the old LV still have value specially if u sell it without damage.

[@TechAddictClub]

Coz they already own a car.

[@angieng4789]

Because they can't put the car on top of the restaurant dinning table to show it off

[@kyra3085]

Millennial’s Rather pay for experiences than material objects

[@roselovesmakeup]

Kyra Alejandro Don’t be too sure on that honey

In economics you actually study how having higher prices and limiting supply can yield higher sales.

[@griffinclark4830]

Thanks for another great video!

[@JessSG]

Over even 10 years ago, I can justify the price because pieces were higher quality, the canvas was thicker, little to no quality control issues, and the pieces were actually made in France. Now the canvas bags are mass produced, and made in the USA. I’m sorry but for that price I’ll go to a brand such as Celine or Dior, pay a higher price, and get hand stitched bags that are made in Italy. Also, everyone has LV now, mostly fakes too. This is why Dior is my fav brand 💕

[@jeantorres9741]

Jess SG date me

[@null0452]

Brainless comment

[@NazriB]

Lies again? Long Vacation Everybody Dead

[@Rastelle7]

It's not expensive for the rich or for those who can afford it. This is why it's a luxury brand. LV is timeless!!

[@quaaludecowboy692]

Also why it's disgusting. Buy a poor person a house or buy a handbag..hmmm...be thinking about those choices as you take your last miserable breath

[@jatinshilen]

@@quaaludecowboy692 True that

[@tara2769]

with millions of animals slaughtered for one of the ugliest bag design

[@whitegoodman7465]

@@quaaludecowboy692 Its not the problem of the rich to buy homeless houses..

[@whitegoodman7465]

@@tara2769 The killing of animals actually helps wildlife conservation (in a humane way of course) but your head is too far in the sand to realize.

[@dwrussell96]

I love how any video about luxury is drilled in the comment section. You guys know if you had the money, then you'd buy their stuff lmao.

[@argentaamore]

LV is only so expensive because of branding. It would be far wiser to spend the $ 2000+ on gold rather than on 1 stupid bag which actually costs under $ 100 to make even in France. Do people know that brands mark up their costs 20 to 50 times over their cost

[@dhruvdb]

excellent example of marketing and branding production cost is high because of stupid reasons: 1. They are not outsourcing manufacturing 2. They are not using latest technology By this logic clothes made by my grandmother should cost more than $ 3000 per piece

[@mcland62]

Actually most of the products are not nearly as nice as much much less expensive products. Would never spend as much.

[@lahan3628]

Happy me that I have had all my LV:s for a very long time and still love them.

[@Foxyroxy-jh1bv]

Lars Hansen I do also

[@gizzykatkat9687]

I love Louis Vuitton! Then Prada then Saint Laurent. Gucci and Chanel are good too.

[@潔西-l7x]

Why is it so expensive? Perhaps we should ask Louis Vuitton himself

[@estherkisob9919]

I think it's just basic economics. Supply and demand. When people keep demanding and buying your product you keep supplying even at s higher price.

[@Expatnema]

"But even the highest quality goods can lose value if there are too many of them on the market" Tbh. Human beings have a tendency to feel good about themselves when they get exclusivity in things. If i have all the moneys in the world, id prolly just give to the poor the money i would have used to buy luxury brands. Life is temporary anyway. May Allah guide you.

[@aaronallgood4625]

I really dont see why LV is so desirable if only to say look at me I am rich

[@CreativismeOfficial]

LV is the apple of fashion brand

[@philipmolokwu9271]

@E Double they don't operate with the same business strategy. LV limits supply with increased demands to raise prices. Apple is selling a logo while trying to reach as many people as possible to make as much money as possible.

[@philipmolokwu9271]

Apple literally sells tech as fashion when you think about it.

[@JONESSHOOTS]

His story still doesn’t justify this fuckery 😂😂

[@mindsinmotion2825]

Lol😂

[@kdk856]

HardwoodEnt what fuckery

[@gz6746]

The video explained it 1: they are craft by experience ppl 2: they have a limit

[@mindsinmotion2825]

@@kdk856 🤔

[@mindsinmotion2825]

@@gz6746 😁