Why Are Louis Vuitton Bags So Expensive?
Source: DHgate, Tag: Fashion & Beauty
Louis Vuitton bags usually have very hefty price tags, but is the price justified?
Luxury bags, especially from popular brands are always selling at high prices. Some people may wonder why this is usually the case. It is the main reason people have always asked this question: Why are Louis Vuitton bags so expensive?
LV bags are sleek, classic, and known the world over to be very expensive. They are the choice for some celebrities and powerful people. When one decides to buy an LV handbag, it can be said that the person is investing in a bag that is highly valuable, and that might just last them forever.Apart from the famed trademark name of Louis Vuitton bags, what else makes them so extremely pricy? We will learn that in a while. Meanwhile, you can check out DHgate for some of the best high-quality handbags that can be imported from China.
The legacy of Louis Vuitton can be traced back to 1837 when France was experiencing great economic expansion. There was great economic growth that attracted a lot of people to the country’s capital – Paris. Louis Vuitton was among the thousands of people who came to Paris at this time. He took the advantage of this and opened a store in 1854, marking the beginning of what later grew to be one of the most popular luxury brands in the world – Louis Vuitton. It was not until the World’s Fair in 1892 that the company started to make its famed bags. The iconic bags are usually expected to last more than 2 decades and are known never to be sold at discount. This explains why the bags are sold very expensively.
Why are lv bags expensive? Louis Vuitton screams luxury. The brand is currently valued at more than $39.3 billion, making it the most valuable luxury brand in the world. The brand has over 30% profit margins, ranking it among the world’s most profitable luxury brands. But why are Louis Vuitton bags so expensive? This post is dedicated to addressing this question, which has become a very common one. After mentioning the main reasons, you will be able to decide whether the hefty price tag is justified and whether you should also consider investing in these handbags.
Reasons Why Louis Vuitton Bags Have Hefty Price Tags
Designers of luxury fashion items have always been consistent in revolutionizing the industry and managing ideas and public opinions in that respect.
Louis Vuitton has been and is still a leading brand that specializes in unique luxury designer fashion. The brand is known worldwide, not only for its highest quality fashion designs but also for its price tags that are valued at thousands and hundreds of dollars. But why are Louis Vuitton bags so expensive? There are many reasons why people who want to have these bags in their wardrobes have to pay a lot of money.
A handbag is just a mere item for anyone who does not give much attention to luxury fashion. However, a Louis Vuitton handbag is never just a bag for an enthusiast who breathes and leaves everything in fashion.
While the design, pattern, and color of these handbags are immediately attention-grabbing, there is more to why the products from this luxury brand could cost one their entire fortunes. Let’s take you through some of these reasons.History
A Louis Vuitton handbag is a handbag with a powerful and strong history that greatly influences its overall value. The founder of this brand, Louis Vuitton, went to Paris from Anchay on foot during the time France was experiencing great economic growth. He established his store after being a trunk maker trainee for about two decades.
It was in 1958 that Vuitton designed a new trunk made of light-weight, durable, waterproof cotton canvas material. The trunk was in a rectangular shape. This made it extremely easy to stack.
In the world of trunk manufacturing, this development in the history of trunks from the rectangle-shaped traveling bags to the dome-shaped trunks represents the beginning of the new age. In 1892, the founder passed away. His son soon patented the all-famed LV monogram to honor his great father. The monogram featured the letter V intertwined with the letter L. It is this powerful history that makes the bags from this brand expensive pieces.Brand
There are famous brands in the fashion industry, and Louis Vuitton is definitely one of them. In fact, it is among the most popular “big three” brands in the industry. It is only compared with Chanel and Hermes.
Owning any of the LV products, like a watch, shoes, or handbag, is much more than just possessing a product. It is about investing your money in a timeless piece of luxury. It is about the respect, the experience, and the status that automatically comes with owning such a product.
Louis Vuitton is a recognizable brand. As we all agree, any brand in the fashion industry that is as popular as Louis Vuitton often has the liberty to set its prices as it pleases without apology. Louis Vuitton bags are, no doubt, a status symbol. They can instantly charge more because of the people who invest in this brand, and because of who the brand is.
When celebrities and the world’s most recognized fashion designers are photographed carrying handbags with the recognizable “LV” logo, the brand’s value instantly rises, enabling Louis Vuitton to set even higher prices. It is the prominent brand name attached to LV bags that makes them cost a fortune.
Celebrities and prominent persons have always been spotted with these bags. This has always increased the willingness of the public to buy them too at high prices.
Louis Vuitton is, without any doubt, the most popular brand, and owning their bag is often seen as a personal investment and privilege.Status
Louis Vuitton doesn’t hold sales, and this makes places it at the top of other brands. This is one of the concepts that drive the brand's prices and sales. Owning any style of LV bag is a statement that you have reached a certain status. Having any of these bags in your wardrobe is a different kind of fashion experience and a real symbol of status.
Quality
Louis Vuitton has, over the years, been creating the most well-known and most popular handbags. The brand can be said to be synonymous with quality. They have a reputation for the best quality. This reputation has continued to grow even stronger with time. To own any of their bags is to own a well-made product.
Only the best quality material is used in the construction of these items. The leather used is usually very expensive.Campaign Cost
Louis Vuitton never engages in any kind of traditional marketing. On the other hand, no business can be successful without running campaigns and tirelessly marketing its products. While you will never see LV commercials on your television, they still have a simple marketing strategy that costs them a lot of money, thereby increasing the costs of their bags. First, the brand continues to manufacture bags that are considered exceptional. This makes them reputable, which later do the marketing for them.
Secondly, they also market their products by being consistent. They consistently use only the best quality materials. Also, they ensure that the craftsmanship is the best. They have always maintained certain traditions. For example, their bags can only be purchased at specific outlets that are located in a few select places.
Thirdly, they also invest in celebrities and clients who market their bags through the word of mouth. They work with influential individuals and celebrities in their campaigns.
Also, their interlocking L and V logo are viewed worldwide as unquestionable signs of wealth and status. This also markets their products among the wealthiest people in the world.Material
Louis Vuitton uses sturdy material in making their bags. The bags are so well-made using sturdy materials that damage is never reported on any of them. Originally, Louis Vuitton was established to manufacture travel gear like trunks and suitcases. So, from the start, the company embarked on using durable materials.
They ensure that the materials they use are the best and have been tested to last a lifetime. Despite the fact that LV bags are luxurious, they are still built to endure daily life.
Handbags are considered the essence of sturdiness and durability. Before the handbags are released for sale, they have to undergo at least 100 various stages of testing and production.
Their high-end leather and coated canvas are also made to be very easily cleaned. The material is also very easy to care for. The material remains well-wearing and long-lasting over the years.
Louis Vuitton bags have very high resale value. This further supports the claim that the bags are well-constructed with the highest quality materials.Process
Louis Vuitton uses only best in its manufacturing. They do not use cheap materials or cheap labor to cut corners. They only build their bags in France and a few other selected countries. They confine their manufacturing to costly locations. They never contract out their manufacturing to the less costly countries or locations. They hire the best experts to help them in their production. It is this process that has made the brand reputable and sets their bags apart. Thus commitment is what comes with the hefty price tags on their products.
Labor
If there is one thing that Louis Vuitton has always taken very seriously, then it must be quality. To ensure that they manufacture the highest quality items, their expert craftsmen usually undergo intense training for a full year to learn the process of making the bags before they are allowed to begin crafting. It is not easy to get the opportunity to work for this company.
Exceptional craftsmen wait for years to be hired by Louis Vuitton. They are highly the most skilled and the best laborers. It requires highly skilled labor of more than 30 different high-end craftsmen to create a single LV bag. This is despite the fact that they are also using modern technology in their production. This is not achieved cheaply. The best craftsmen are known to unapologetically demand hefty remuneration, which the company is more than willing to pay. So, the end product must be very expensive.
Most of their goods are still sewed despite the advancements in technology. The sewing is done with a very simple sewing machine. It is true workmanship that the brand demonstrates that make them stay ahead of the competition.
Frequently Asked Questions and Answers
What Makes Louis Vuitton Handbags So Expensive
So, why are Louis Vuitton bags so expensive? The reason is simple – owning an lv handbag is to have a product that is exceptionally made. They are known to be of the best quality, and this reputation grows continuously year after year. They are made from the best quality materials. The company uses very expensive leather in the construction of the bags. This is besides the high cost of labor and advertisement.
Why is Louis Vuitton Bags so Prestigious?
The admirable combination of innovation, exclusivity and quality make the impeccable recipe for the brand’s timeless success. Their well-designed LV monogram is also recognizable the world over. The company also keeps investing in itself to ensure that the bags produced are extremely desirable. All these make the bags very prestigious.
What does Carrying Louis Vuitton Bag Say About You?
LV bag has an immediate and very positive response to whoever carries it. When one wears it casually, they are immediately held in very high regard. When carried to an official function, the user is immediately seen as someone of high status in society. It screams elegance, status, and affluence.
Is Louis Vuitton Bag Worth The Money?
Every bag from this brand is unquestionably worth every penny. When you buy an lv bag, you are certain that it will not only be durable but also stay in fashion forever. The bags also maintains value even after many years in case one decides to sell theirs.
Conclusion
Why are Louis Vuitton bags so expensive? These bags are expensive because Louis Vuitton is a luxury brand, has a very rich heritage, provides exclusivity and status, has a very loyal customer base, and has high consumer demand. The brand also provides the world’s best quality handbags. So, what you pay for is not a product but an experience.
