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06-16-2015 08:47 AM
06-16-2015 08:55 AM
Thanks for the article, intriguing. Perhaps it explains why I haven't increased my LV collection beyond the trusty monograph speedy and never-full, but instead am really enjoying my GILI Roma 2s and, for whimsy and individuality, my Peanuts Coach (with tiny yellow Woodstock):
06-16-2015 09:03 AM
06-16-2015 11:13 AM
I agree and I see it in pre-owned sales as well.
The raising of prices in the LV arena has been frustrating and I believe it was due more to creating exclusivity than anything else as LV has historically always been able to write their own tickets (they've been in business since 1860, with counterfeiting being such a problem that they designed their Monogram Pattern in 1880 to help diffuse the fakers) . BUT, I think that the observations recently are correct, there has been a pivoting away from ostentasious branding by those that can afford it. Rather than flaunting their wealth the rich seem to be trying to find original styles that do not necessarily draw attention to themselves as rich or by branding themselves with an obviously upper end brand.
It's been extremely interesting watching all this....
06-16-2015 01:58 PM - edited 06-16-2015 06:24 PM
http://www.washingtonpost.com/business/economy/louis-vuitton-and-guccis-nightmares-come-true-wealthy...
It's interesting how social media is fueling the cycle of wanting and then not wanting logo luxury brand handbags. LV logo bags are common in Vancouver but a lot of people assume that the bag is probably a fake due to lots of counterfeit bags around.
06-16-2015 02:48 PM
@Q4u wrote:I agree and I see it in pre-owned sales as well.
The raising of prices in the LV arena has been frustrating and I believe it was due more to creating exclusivity than anything else as LV has historically always been able to write their own tickets (they've been in business since 1860, with counterfeiting being such a problem that they designed their Monogram Pattern in 1880 to help diffuse the fakers) . BUT, I think that the observations recently are correct, there has been a pivoting away from ostentasious branding by those that can afford it. Rather than flaunting their wealth the rich seem to be trying to find original styles that do not necessarily draw attention to themselves as rich or by branding themselves with an obviously upper end brand.
It's been extremely interesting watching all this....
Bingo! Your post hit the nail on the head!
06-16-2015 05:34 PM
It makes sense, even when they're affordable, I mean for any given individual. The prices have just reached ludicrous proportions and with so many nicer bags and brands readily available that don't do a full tilt boogie on the wallet, even those Madame Got Rocks have no real reason to lay in a steady supply of multi-thousand dollar bags. Great high end bags can be found in the mid-hundreds range. Even that's most often too rich for most our blood as a regular occurrence, but, past a point there's simply little reason anymore, other than conspicuous consumption, to up the ante...
06-16-2015 05:43 PM
I do, though, think the luxury brands would be making a huge mistake to try to reinvent themselves across the board. Yes, they need to stay relevant, but they're iconic for a reason, and it will always be the case that everything old will be new again. They'll always be in demand, sometimes lessor and sometimes greater.
06-16-2015 07:42 PM
Thanks for posting the article. I read it and found it very interesting as I worked in the fashion industry for many years.
I did some research and found this article from Bloomberg News that goes in depth about this topic if anyone is interested:
06-17-2015 03:45 PM
I agree with TY1 - there are so many perfect looking fakes around now a days that I assume a bag is fake when I see one.Who wants to pay all that money to carry around a bag everyone assumes is a fake? After all - status is the whole point.
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