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

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

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

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

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

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

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

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

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

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

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

Goes to show how egos and vanity inflict some humans.

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

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

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

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

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.

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.

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

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

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

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

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.

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

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

People are so easily suckered by marketing just like diamonds.

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

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

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

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.

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

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

Why my net worth is $1

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

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

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

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.

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

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.

Everything French and Italian is expensive

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.

Because people will go to any lengths just to showoff

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.

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

I don't why people are so pressed over people spending their money on big brands. Its called marketing strategy, and if you have a huge company you would do the same😑...

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

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 🇹🇹🇹🇹

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.

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

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

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

The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only on occasionally.

Miss Duncan is lovely to listen to and watch. I wish she was on my daily news casting.

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

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

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

I don't remember which ultra luxury brand but an employee of it was decked out in it and in discussion she said can buy at cost which was 90% off list.

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

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!

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

I normally buy "2nd hand" LV bags but only classic Monogram or classic Damier collections. It's not a waste of money because after few years if you are tired of your bags, you can sell them and get your money back. I normally ended up making 2-5 percent extra. Don't buy brand new, because it will devalue 25% - 50% once you walk out the store.

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.

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.

Perfect demonstration of quality a product and marketing. The price has nothing much to do with its manufacturing, its more about the 'Market" and credibility. People with more money than they know what to do with will pay what ever it takes, the trick is being one of those suppliers. Personally I feel its an obscene waste of money but so are diamonds which are controlled in a similar way by De Beers.

FASCINATING..I study history,thus I loved finding out about the beginnings of this art form. As for my husband and I we have never spent more than $500.00 a piece of travel luggage with a matching handbag for me,and those pieces were at a reduced price..Lamborghini leather luggage. Cheers from Australia

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

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.

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

I have to say the business model used by streetwear brands like Supreme (low supply, high demand, high prices, even higher after market value = higher brand equity at no extra cost to the company) damn smart!!

Thanks for another great video!

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

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

It's always nice to get satisfaction with what we have and with what we are 😊😊

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

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. 💁🏾‍♀️

I bought a LV shoulder bag 23 years ago I still use it is my every day I love it, in 23 years I haven’t bought other bag I never feel the need to even look or shop for a purse simply because I am so satisfied with my bag. However when you buy a low cost purse you will be always buying because in few months you don’t like them anymore due to ugliness and if you do the math how many bags would someone buy in 23 years many I am sure. Also my 23 year old still worth many now.

A 7 minute long commercial for LV made by CNBC. I'm sure they would have charged a bomb for it.

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

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

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!!

because the owners wanna make a HUGE PROFIT

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

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

Answering her question at the end: I carry my ID, cards and stuff on a flip transparent plastic case. Not even a fake leather wallet.

I love all the comments about how many people say they would never buy one but they will spend $5,000 on a tractor or $100,000 on a truck. It all depends on what you want I wanted a high quality handmade handbag that would last for my whole life if taken care of properly

GENIUSES!!!!!! imagine having that success, how proud you must be.

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

The manufacture price is substantially low, but the retail markup is extremely high. LV is never discounted tho.

This is an insane time we live in! We’re doomed! 🤦‍♂️

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.

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

it’s not about the price but the quality and longevity. You don’t have to be rich to buy, just save money to afford it. And it’s never about showing off, some people just happen to like it and perhaps passed down through generations. It has been around for a very long time. When I wear or use my lv; it’s not too show, it’s what I like and what makes me happy, I don’t care what people think. I am not rich and don’t claim to be.

It also produces its bags in Spain.

What matters is not the brand name but the quality of the item and how you carry yourself. Some rich people use expensive bags and wear pricey clothes but still look cheap!

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

I was just watching to know about their "Profit margin" figure, never mind.

Always original style !!! And i loveee ittt !!!!

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 💕