I mean their model is forced richi people to spend 100k before they can buy what they wanted. Not really luxury..more like buying a status symbol. LVMH still make more money at the end of the day
I wouldn't describe them as fast fashion since cheap and poor quality are major aspects of what defines "fast fashion". But I do agree that easier access is what dilutes the brand.
@Rebel-ct2pq Gucci is a poor quality brand,they literally make their clothes for less than 100 bucks and sell it for hundreds of dollars,same with LV clothes besides their luggage backs which was the thing they made from the start
@@christhewolf4246 Every single brand including hermes make their products at considerable low costs and sell significantly higher. I stand by my comment, in the context of "fast fashion", these brands are not that.
Luxury is family & friends, healthy life, good income & living in a stable country with economy thats working, I don't even know who these brands are & what they even achieved
You got to realize some markets (wholesales customer) specifically ask for the brands monogram or explicit branded products, which sells like hot cakes in their geographic regions. Besides, there are sales target to be achieve on each season, and those items you mentioned are must have for those markets. Luxury brands runs like any fashion business which has to maintain growing P&L internally, especially they are publicly listed company.
He covers luxury goods and their stocks, luxury property, artwork, private planes, tax changes impacting the wealthy, large political donations, wealth stats, and things like that.
I really love your taste and style always so chic. My faves would be the *jklux* leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations
Amei todas as bolsas lindas e de muito bom gosto.Parabens *hotdups* Perception is everything, I remember saving up for my first LV and some coworkers automatically thought it was fake because I was a young black girl.
I know a rich businesswoman who said she spent most of her money on investments and most of her bags are fake.. but I think *gtdupe* when you show yourself such a level, no one will doubt it *gtdupe*
@@keithb372 you're confusing Hermes ADR (American depository receipt) price of $230 with the real French stock Hermes International SCA (symbol RMS), price €2,100. The U S. ADR price appears to be for 1/10 of a French share. It seems there was talk of a stock split but it hasn't happened.
For me, it's impossible to buy all the originals I want. I can buy as many replicas of *jklux* as I want. If the craftsmanship is really good, why wouldn't I want Chanel and Kelly bags in all colors?
This is my first time watching your video and I loved it. I don't purchase luxury bags and I probably never will, or if I do, it will be pre-loved. But I do buy *jklux* occasionally of the styles that I really like. I truly appreciate your comparisons here, which have helped me make a decision about a couple for which I was on the fence. I'll be pulling the trigger now. Thanks for this and your humor.
Wolfgang Amadeus Mozart lived this way, too. Snorting cocaine because it was fashionable, chic, etc. He also had expensive powdered wigs, too. LOL, wasn't he great?
I'm interested to see what comes out of the Antitrust lawsuit. Because every luxury brand requires a buyer to have a substantial purchase history in order to get an allocation for an exclusive model. I think Ferrari was the first manufacturer to do this. Now Porsche, McLaren, Bugatti, and even Rolex practice the same buisness model with their limited edition cars. You have to be invited to buy one and are restricted to selling it for a moment in time after taking delivery, or else you loose your relationship with the brand.
Same. I think that Hermes can still keep certain *Birkin* bags that are made w/ finer materials & jewels exclusive. Then, have a tier system depending on the MSRP of the bag & potential resale value. One tier could be the cheaper bags they could sell to all, but the second & third could be more & most exclusive respectively. Idk just a thought 🤷🏼♂️
Interestingly, many wealthy women wear Super-Fakes! *jklux* I mean think about it...if Kardashian were wearing Birkenstocks, you would never question whether it was real or fake! Rich people are rich for a reason! Yes, they'll spend money on the real thing, too, but if they can get a super fake, they'd rather spend $500 than $20,000!
I wouldn’t say more expensive. Because Hermes policy is that you have to spend a certain amount (5-6 figures) in other products you really don’t want first in order to earn the privilege to purchase the 5 figure bag you really want. The resale market solves a problem for the consumer by letting them skip that unnecessary process. The premium is added to the bag itself so once you spend $50,000 in junk to purchase a $25,000 purse at Hermes. The resale market for the bag maybe $35,000-$45,000 and you get the bag at the time of purchase.
They are very good at playing the exclusivity game. Women who don’t have confidence in their own taste and in who they are as a person would need luxury brands as validation of their taste and as status symbol.
Just discovered your channel and I love it! Funny thing is, I saw a girl on the subway last week wearing a New York Demerier midi and I totally fell in love with her. I want to buy a*jklux* .This will be my little birthday present. Thanks for your channel.
This is my first (but not the last) purchase of a *jklux* bag. For the affordable price, it exceeded my expectations! It's soft, the perfect size, and the color is gorgeous! Love this bag!
And they say the economy is “Bad” people out here buying . $100,000 leather purses. Crazy to think that an inflated product for the rich could say so much about the state of wealth inequality. At its core
Because high fashion brands allow it cause in reality the quality of the products are not worth the price and they're made in south eastern Asia.High fashion has mastered one thing,selling bad quality for big money
lol the ones who say that are the ones who buy $50 stainless steel cups, of course the economy is good, you see all these women wearing brands they can’t afford.
Why innovate when you are at the top of the market with what you already have? I love my Hermes products. They can continue doing exactly what they are doing for 100s of years and still have buyers.
Always amazed by *preluxz* and its clean sculptural lines, yet rugged and durable! I know it's luxury, but it's one of the last luxury brands to stand the test of time! I'll never get tired of the Trunk model.
kay, I’ve always scratched my head about the obsession around the *yutulu* book totes and their practicality, but this one is adorable!! Congratulations
it takes time and experience for handcrafted luxury items with 100% quality. They have opened some new ateliers and hired people, but it's not mass production
It sounds ridiculous to me that people are suing Hermes for not selling them a birkin. It's their business they sell how they like and have no obligation to sell anything to anyone.
Hermes is probably stubborn enough to become even more exclusive if they lose the case. Their model has worked too long to fling the doors wide open now.
I will counter that with saying that most luxury goods last longer and have value as collectibles in the future if taken care of. It can be seen as an asset in High Fashion.
My wife uses the same $100 Coach wallet and $189 Handbag for over a decade, and she's happy. Love that she's frugal. We like to use our hard earned $$$ to expand our rental property portfolios and not in cars, clothes and other useless things.
There is a leather craftsman that inspects leather goods and reveals the profit margins with the material costs and labor. I believe the coach products are the best fair price for the quality and labor from his videos.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Can you do a video on how you clean your lighter leather bags. I’ve just got my very first *yutulu* YSL in the beige leather but worried about transfer from clothing and wondered if you had any tips on keeping it looking perfect
Unlike LV, Dior, Chanel, Gucci, etc. at least Hermes has maintained its high quality. The rest of the brands seem to be in slide to the bottom chasing ever higher profits.
I got a mini cologne sample of Terre d'Hermes by Hermes and didn't know the brand was so "luxurious." At first I wasn't too impressed by the cologne (though I did think it smelled unique), but now that I know Hermes is so expensive, I'll see if my perception of the cologne changes..
Hermès played the long game, sticking to its roots while everyone else tried to cash in on the fast-fashion crowd-and now it's paying off big time. While rivals fumbled with “luxury for the masses,” Hermès stayed rare, making scarcity its superpower. In a world full of flashy logos, they’ve mastered the art of subtle flexing, where the real status is owning a $400,000 bag that whispers, not shouts.
Hermes is playing games to stay “rare” though. Whenever I went into the boutiques in every city that I went to this year, Honolulu, Paris, NYC, LA, Chicago, Las Vegas, they always said my item is out of stock or this is the last one to pressure me to buy but their website always has the item available when I check. The last time they “offered” me a bag, I didn’t like the colour and said I prefer black and they quickly exchanged it for a black one lol.
LVMH's quality is absolute garbage, even brands renowned for their craftsmanship, once LVMH gets their hands on it you know next season its tanking and they are putting logos all over it. Hermes offers better quality goods. Their stuff is usually pretty boring but then it holds up way past trends. I appreciate that.
Watch Wall Street Millennial's "Why I Hate Bernard Arnault" video. LVMH makes most of the parts in low-wage countries including Romania and India, then they glue on a tassel or the sole in France or Italy so they can print MADE IN FRANCE on the finished product. Also slimy tactics to acquire brands. You don't get to be one of the richest men in the world by being a decent person. I hope LVMH's contract manufacturers make counterfeit goods of equal quality after hours. I would have no compunction about buying an LVMH knockoff.
Yes, if you see their 9000 euros birkin leather, is just normal couple hundred quality leather. and those 100k version leather, really not that rare leather, maybe a few ks. just some gimmicks and as long as rich but not so smart people continue to clamour for them, and an inflated(? I use inflated here as it has some value but not worth that much) sense of value, creating a resell market, the cycle can still continue to feed.
@@skierpageThere actually is a secondary luxury market for what you mentioned in China. I forgot what they call it. But the same exact bags are made on the side and sold on a “secondary” or underground luxury market.
@@jbell6852 I want to buy no-name quality goods from the same companies that contract manufacture most of the parts for LVMH's overpriced brands. Of course, if this took off _every_ cheapo counterfeit maker would claim that it's the one making goods for the expensive brands.
@@supreme5998 imagine donating that money to build Schools in Africa. Then taking an actual flight and seeing the kids faces and lives that you changed Vs buying a bag?
@@INFINITY-oe4iswhat about building schools in North America? Why do you always refer to Africa in the context of poverty? There are already schools in Africa, like the one Elon Musk attended.
190 years old in 3 years and has the same founding family involved is crazy to think about and says it all! Hardly no other big company in any industry can say that.
Ehhh, plenty of those kinds of companies in Europe.. just not all multi billion euro ones. But usually 'just' bakeries or 'just' hotels or 'just' some other random category of small business.
The *yutulu* canvas tote bag actually reminds me of Hermes Garden Party, too. Thanks for making this video on suggesting more budget friendly alternatives. Love it!
These veiled “ray-cist” comments trying to blame “rappers” for the downfall of these high end brands is WILD. Rappers have been talking about luxury brands since the inception of the music genre… yall so crass. Bottom line: these luxury brands was a victim of their own downfall- not only have they raised their prices to extortionate levels , but their quality does NOT reflect the prices they are upcharging consumers for. They have taken the fast-fashion approach with their greed and are simply over exposed. Social media is a significant contributor to their level of exposure, NOT rappers 😒… you have a new generation of people ready and willing to share their luxury experiences and what’s the “hottest” items to get. Minimal advertisement is needed from these brands because people willingly show it off for free. We as consumers, are the ones dictating what are seen as “status symbols” if we are really being honest. Hermes might be thriving right now, but they too won’t be immune to their over exposure. Their current business model will only last for so long, given that they are going through a lawsuit and people are aware of the “Hermes game”… the only thing that’s keeping Hermes afloat is that they still keep their quality to a much higher standard. You can at least say you have a handmade piece with premium materials- something many of their competitors barely offers these days. But we will see how sustainable their growth is in the future. People’s tastes and preferences change over time and we have a lot of economic uncertainty- priorities will look different.
There are a lot of super wealthy people out there. Hermes will be fine with their business model. Meanwhile, Gucci and the likes, they better figure things out fast. Because no on is taking them seriously anymore.
@@cpcxgsr I would also say it’s not just about affordability.. it’s also about exposure/exclusivity. With Hermes’ growing popularity and awareness- that can potentially be a turnoff to some consumer seeking to “standout” and show off their wealth from the rest. Part of The allure of Hermes was the fact it was once seen as a super exclusive “iykyk” brand. It was a brand of stealth wealth…. If it becomes over exposed, some of that appeal may be affected. Again, they need to maintain their quality and exclusivity and not get too greedy like Kering Group/LVMH/Wertheimer with excessive price increases and poor quality control/customer service to last longer than the rest.
You're confused, and triggered. It is 100% true that having your brand associated with rappers and low quality populations in general is a death sentence. These people are incapable of building a middle class for themselves, so they're not even customers (besides fakes) which just dilutes the brand even more. I have no idea what Bernard Arnault was thinking, but the direction Vuitton is taking is not a luxury one. Pandering to these people never ends up well. In the 90's early 2000's in France, those "populations" almost killed the brand semi-luxury brand Lacoste who almost never recovered. Gucci is a perfect example of that. If I was Francois-Henry Pinault, I would sue those rappers out of existence for even mentioning my brand. That kind of cheap bravado associated with crime and low quality populations isn't something you want to think about when buying a $5000 pair of shoes.
@@alainportant6412 “low populations” “Incapable of building a middle class…” 😂😂😂😂you people don’t even try to hide it anymore. Okay keep trying to use rappers as crutch to justify your ignorance. I am not triggered nor confused, but you are. Bye 😘
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
LVMH and Gucci have better style and Hermes has better quality. Personally I think Hermes bag styles are very basic definitely not worth 100k. Whenever I have seen a Hermes bag it didn’t even look designer to me. I had to look twice to notice it was something “special”.
Fun fact: LVMH is the source of exotic skins for Hermes… and LVMH keeps the best skins for their bespoke capucine and city steamer handbag lines and gives the inferior skins to Hermes for the Kelly and Birkin. Hence, you are paying nearly 10-20x the price for an inferior product that says “Birkin” on it compared to the bespoke order you can get from LVMH that is much higher quality. And less hoops to go through. One instance where quality is not correlated to price. Once more individuals realize this the margins on LV bespoke handbags will soar. The wealthy are realizing this and beginning to load up on bespoke city steamers and capucines now. But they do take about 12-18mths to be made. But well worth it from a value maintenance perspective if you are using the bags to diversify your hard assets.
I think if one is not a celebrity with many watched eyes or bodyguards, then is better to skip the Hermes as it will be easier to take the Hermes from you and sell to others for money.
Great video. I'm a new fan of your channel and I love your vibe. Also, I can't see that these two Balenciaga pieces are close enough to the *xbagy* and cute enough so it's good enough for me.
It's amazing how women got fooled into this nonsense. I am yet to meet a straight man that looks at one of these and says, "Nice bag or whatever overpriced thing, ima have relations or wife this womn."
It's one thing to spend a lot of money to have a nice thing that's beautiful and/or exceptionally well made. I don't know if a Birkin bag is significantly better than a $400 leather bag. Then there's flaunting wealth. That only works if other people recognize the expensive object. Aside from snooty shop assistants and the handbag cognoscenti, I suspect even most women don't, which is why other luxury brands are obsessed with ostentatiously puttiing their logo all over multiple product lines. If you like the look or the logo, buy a good knockoff and give half the money you saved to charity.
I really love your taste and style always so chic. My faves would be the MOMCOCO leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations.
Wealthy people are wealthier since pandemic! Poor people think they're better off sine wage went up but in long term poor will be poorer! Thats how 2.3% in America
There is a big second hand market for the bags. I've seen many videos of people bring in their never used bag to sell and others buying them because they can just by a bag not a lot of other stuff first.
The same happens with Porsche's limited GT models. But Porsche wins again, because you'll be struck off the list if you don't sell the run-of-the-mill Cayenne and Panamera models, that you had to buy to get on the list!, through a Porsche dealer. Artificial scarcity is a b*tch if you let yourself be the cow getting cynically milked. Mooooo.
I think Hermes is just finally getting it's turn in hip hop's hot fashion cycle. Big names like Drake and WestSideGunn have been name dropping them for years. Not to mention majority female rappers that talk about Birkin bags in every song. They're blowing up just as much as the guys these days.
*yutulu* The canvas tote actually reminds me of the Hermes Garden Party too. Thanks for making this video to suggest more budget friendly alternatives. love it! 😊
I have a Chanel lambskin square pearl bag and a Chanel handbag but my lambskin square petal bag I have worn 2 times and I am very careful but somehow still has small scratches on the leather and the gold on the clasp. I don’t know what happened but I paid over $3,000 for it a few years ago and I am upset that it already has scratches. No one notices now but I notice the price I paid for it. I’m saving up to buy another *xbagy* bag now that I won’t be paying full price anymore.
@@AkiraGuitar777 Not really, she just likes to virtue signal about it to strangers on the internet just to feel better about being such a terrible person. Besides, the "Third World" isn't starving to death, the climate thing is a hoax and don't even get me started about vaccines.
NOTE： 6:29 They have by far the most important contribution from pricing to the tune of 8%, which is definitely very handy in a year when the industry is confronted with a global cyclical slowdown. 7:36 Though the company's margins haven't been as affected by a decrease in spending by aspirational buyers, higher prices and long wait lists could push away even the most loyal. 8:03 While some deem that to be precisely the reason why the company has been so successful, it could also backfire.
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
Actually buying a few things prior to owning a Birkin sounds like a good business plan to me, also teaches customer to be loyal to a brand, whoever came up with it was smart. And definitely the exclusivity that comes with owning a Birkin is unmatched.
Love *amzrepe* the way you show it! You really focus on showing off the bag. I don't think any other UA-camr can show off bags in as much detail as you.
The products are made by skilled artisans. They are timeless objects that can be passed down through generations. You can always send in your item to be repaired or refurbished.
Becuase black people (rappers) are diluting the brand and the elites don’t want to be associated with those “types of people” there. Saved you 9 minutes
If they sell to one person and not the other using consistent and legal practices then it borders on discrimination. Some people have said they didn’t need to establish a previous purchase history before buying a Birkin. It appears every employee plays with the rules to their own liking.
I still love my LV reverse monogram *yutulu* clutch! It's versatile, fits a variety of items, and is definitely a workhorse! I think seeing it everywhere (like the LV speedy) is proof that it's already a classic.
Basically Hermes stayed true to itself as a luxury brand while the others tried to tap on the fast-fashion market with "luxury for poors" products
Pretty much. I was flying to Japan earlier this year a bunch of people in economy carried LVMH bags in my flights lol
I mean their model is forced richi people to spend 100k before they can buy what they wanted. Not really luxury..more like buying a status symbol. LVMH still make more money at the end of the day
I would rather say "luxury for the average people" products.
BALENCIAGA
@@eile4219Porsche
Because LVMH and Gucci are luxury fast fashion brands. And are accessible which dilutes the brand.
And Kering is evil af (Balenciaga, Gucci, YSL, etc.).
I wouldn't describe them as fast fashion since cheap and poor quality are major aspects of what defines "fast fashion". But I do agree that easier access is what dilutes the brand.
@Rebel-ct2pq Gucci is a poor quality brand,they literally make their clothes for less than 100 bucks and sell it for hundreds of dollars,same with LV clothes besides their luggage backs which was the thing they made from the start
@@christhewolf4246 Every single brand including hermes make their products at considerable low costs and sell significantly higher. I stand by my comment, in the context of "fast fashion", these brands are not that.
@@Tvso9813 YSL in 90s they were chasing after Emo customer. They did well but now they are paying the price
true luxury is NOT being a walking billboard for brands, with their brand name stamped all over your clothes.
Have you seen anything from Hermes it’s not subtle. The most subtle thing is a 32k coffee table
Who are you to define what luxury is. What is luxury for some days s common for others.
Luxury is family & friends, healthy life, good income & living in a stable country with economy thats working, I don't even know who these brands are & what they even achieved
You got to realize some markets (wholesales customer) specifically ask for the brands monogram or explicit branded products, which sells like hot cakes in their geographic regions. Besides, there are sales target to be achieve on each season, and those items you mentioned are must have for those markets. Luxury brands runs like any fashion business which has to maintain growing P&L internally, especially they are publicly listed company.
Following this logic, uniqlo is a luxury brand, and so is walmart $2.53 tank top.
Just wear whatever comfortable. People have too much money.
"Wealth Editor" as a job title is wild
I wonder if the salary matches that energy
@@theluschmasterinc I would honestly watch a segment just about his job.
@@marcuslee3051 so that you can find out how to get it? 👀
He covers luxury goods and their stocks, luxury property, artwork, private planes, tax changes impacting the wealthy, large political donations, wealth stats, and things like that.
I KNOW! I laughed when I saw that one.🤡
Luxury brands don’t compete with Zara. Once Gucci and LVMH did that it was over.
Zara is my luxury brand. I usually buy Walmart.
I really love your taste and style always so chic. My faves would be the *jklux* leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations
Amei todas as bolsas lindas e de muito bom gosto.Parabens *hotdups*
Perception is everything, I remember saving up for my first LV and some coworkers automatically thought it was fake because I was a young black girl.
Mi neniam estis seniluziigita kun *jklux* bags tote. ?iufoje kiam mi uzas mansakon, mi sentas, ke mi posedas arta?on.
Love Zara ❤
LV ' im gonna sell $60 bags for $3000' .........Hermes 'hold my beer'
lol. You mean Hermes: hold my bag or come here, check out my price tag.
The variety of textures in the *jklux* pack is impressive. From smooth leather to textured suede, there's something for everyone.
The quality of fakes is getting higher and higher. Now I bought a bag from *gtdupe* and she wants to use my bag for herself.
I know a rich businesswoman who said she spent most of her money on investments and most of her bags are fake.. but I think *gtdupe* when you show yourself such a level, no one will doubt it *gtdupe*
And they don't use "Celebrities" to market/endorse their products....if you have any of their products...you paid for that product.
They use Hamas and Zelensky wife to Endorse 😂
@@TruthTeller8888 when?
The first Birkin bag was made for Jane Birkin, a famous celebrity.
@@MuiKaHo Recently actually. There are videos up
Love the way you present it *jklux* ! You really put a lot of effort into presenting the bag. I learned a lot from watching your videos, it's great!
0:59 Narration says $22,000 per share, but the graphic shows $2,250.72 per share
Yeah, the graphic is right.
Google shows $229 dollars. Did the stock split?
@@keithb372 you're confusing Hermes ADR (American depository receipt) price of $230 with the real French stock Hermes International SCA (symbol RMS), price €2,100. The U S. ADR price appears to be for 1/10 of a French share.
It seems there was talk of a stock split but it hasn't happened.
@@skierpage Gotcha. Thanks.
Just noticed that as well.
Imagine spending $400,000 on a bag. That's worth more than many people's houses. 😂
“Worth” is subjective
That's the idea mister
If u can get offered. Haha. That's Hermès.
What a L mentality
Imagine being able to afford $400,000 bag. 😂
It would be a shame if somebody boosted that store.
This is essentially a social sickness. $250,000 for a bag and people working full time sleeping in their cars.
I couldn’t agree more it’s insane
For me, it's impossible to buy all the originals I want. I can buy as many replicas of *jklux* as I want. If the craftsmanship is really good, why wouldn't I want Chanel and Kelly bags in all colors?
This is my first time watching your video and I loved it. I don't purchase luxury bags and I probably never will, or if I do, it will be pre-loved. But I do buy *jklux* occasionally of the styles that I really like. I truly appreciate your comparisons here, which have helped me make a decision about a couple for which I was on the fence. I'll be pulling the trigger now. Thanks for this and your humor.
Wolfgang Amadeus Mozart lived this way, too. Snorting cocaine because it was fashionable, chic, etc. He also had expensive powdered wigs, too. LOL, wasn't he great?
I'm interested to see what comes out of the Antitrust lawsuit. Because every luxury brand requires a buyer to have a substantial purchase history in order to get an allocation for an exclusive model. I think Ferrari was the first manufacturer to do this. Now Porsche, McLaren, Bugatti, and even Rolex practice the same buisness model with their limited edition cars. You have to be invited to buy one and are restricted to selling it for a moment in time after taking delivery, or else you loose your relationship with the brand.
Me too because this decision could spill over to the other markets you listed.
Same. I think that Hermes can still keep certain *Birkin* bags that are made w/ finer materials & jewels exclusive. Then, have a tier system depending on the MSRP of the bag & potential resale value. One tier could be the cheaper bags they could sell to all, but the second & third could be more & most exclusive respectively. Idk just a thought 🤷🏼♂️
Interestingly, many wealthy women wear Super-Fakes! *jklux* I mean think about it...if Kardashian were wearing Birkenstocks, you would never question whether it was real or fake! Rich people are rich for a reason! Yes, they'll spend money on the real thing, too, but if they can get a super fake, they'd rather spend $500 than $20,000!
@@KlemienForrai interesting but how does that explain the sales and profit from Hermes if they are gate keeping for the super rich
I just bought a *esluxy* that’s affordable and looks like a luxury brand-so chic!
The downside to the "exclusivity" of Hermes is the resale market making a lot more from the original price of the bag vs whats its actually worth.
I wouldn’t say more expensive. Because Hermes policy is that you have to spend a certain amount (5-6 figures) in other products you really don’t want first in order to earn the privilege to purchase the 5 figure bag you really want. The resale market solves a problem for the consumer by letting them skip that unnecessary process. The premium is added to the bag itself so once you spend $50,000 in junk to purchase a $25,000 purse at Hermes. The resale market for the bag maybe $35,000-$45,000 and you get the bag at the time of purchase.
Thank you dear for taking us along. Can't wait what the *jklux* queen picked up at Fend.
They are very good at playing the exclusivity game. Women who don’t have confidence in their own taste and in who they are as a person would need luxury brands as validation of their taste and as status symbol.
True. Insecurity and social climbing drive these brands profits.
*jklux* just wanna tell you that you make my day with your videos. you have srsly helped me through not so happy times!!! thank you.
@@JomarieCipriano Who you talking to darling?
Just discovered your channel and I love it! Funny thing is, I saw a girl on the subway last week wearing a New York Demerier midi and I totally fell in love with her. I want to buy a*jklux* .This will be my little birthday present. Thanks for your channel.
This is my first (but not the last) purchase of a *jklux* bag. For the affordable price, it exceeded my expectations! It's soft, the perfect size, and the color is gorgeous! Love this bag!
And they say the economy is “Bad” people out here buying . $100,000 leather purses. Crazy to think that an inflated product for the rich could say so much about the state of wealth inequality. At its core
Because high fashion brands allow it cause in reality the quality of the products are not worth the price and they're made in south eastern Asia.High fashion has mastered one thing,selling bad quality for big money
to think a PURSE is the same price of what a house could cost 15 yrs ago in a little town...
People who spend $100k on a hang bag are already set and unaffected by the current state of the economy.
lol the ones who say that are the ones who buy $50 stainless steel cups, of course the economy is good, you see all these women wearing brands they can’t afford.
Not like is some recent change. These luxury brands have been doing this for a long time (see: video)
I respect Hermes scam, I mean business model of zero innovation and exclusivity 👍😂
Why innovate when you are at the top of the market with what you already have? I love my Hermes products. They can continue doing exactly what they are doing for 100s of years and still have buyers.
@@uberenthusiasts so long they keep pushing the exclusivity, they will remain at the top and no need to innovate 👍
@@keiseriousI agree with you totally, it is a scam. The bags are very ugly too.
what a delusional take, the moment Hermes or Porsche change their iconic designs, nobody wants it anymore
Always amazed by *preluxz* and its clean sculptural lines, yet rugged and durable! I know it's luxury, but it's one of the last luxury brands to stand the test of time! I'll never get tired of the Trunk model.
Nobody gets over on rich people more than luxury brands.
you mean no one gets over on POOR people like luxury brands. Since poor, broke people are the biggest consumers of LVMH.
@@angieharris8015 Aww are you no longer special with your LVMH bags now that the poor, broke people are also buying those?
@@shawn_magnum-k3q im not. Therefore, I've moved on to other brands that broke nignogs don't know about. Lol
@@angieharris8015 hmm no influencer are buying those and they have money
lmao. the rich don't really care much for luxury brands. it's the poor who do.
So staying small can also be a wining strategy for longevity
depends what industry and what you have to offer, a great example is in-n-out.
They're not "small" by any mean.
kay, I’ve always scratched my head about the obsession around the *yutulu* book totes and their practicality, but this one is adorable!! Congratulations
False sense of scarcity. /end video
Its a business afterall
it takes time and experience for handcrafted luxury items with 100% quality. They have opened some new ateliers and hired people, but it's not mass production
Like diamonds
gamification but peaple are spending 100 thousand dollar's instead of 100 hours to get a prop
It sounds ridiculous to me that people are suing Hermes for not selling them a birkin. It's their business they sell how they like and have no obligation to sell anything to anyone.
Hermes is probably stubborn enough to become even more exclusive if they lose the case. Their model has worked too long to fling the doors wide open now.
It cost 200 buck to make a nice leather purse, then the stupid rich women are tricked into paying tens of thousands for nothing
I will counter that with saying that most luxury goods last longer and have value as collectibles in the future if taken care of. It can be seen as an asset in High Fashion.
They are not tricked, most of them can afford it. The stupid thing is that the rich have so much money to throw around and waste.
More like their sugar daddies pay for it.
@@mpaso111 there's no guarantee that today's high fashion will still be valuable in a few years.
@@vh7138 The Historic Value in itself will give it Value whatever time it is. Whether it's an Individual or an organisation that wants to Purchase it.
My wife uses the same $100 Coach wallet and $189 Handbag for over a decade, and she's happy. Love that she's frugal. We like to use our hard earned $$$ to expand our rental property portfolios and not in cars, clothes and other useless things.
👏
Heres a medal 🥇
There is a leather craftsman that inspects leather goods and reveals the profit margins with the material costs and labor. I believe the coach products are the best fair price for the quality and labor from his videos.
No wonder people can't get on the property ladder when there's some playing real life Monopoly
Very smart
HEY *xbagy* I have been watching you for years and im so proud of where you have made it! I love you so much! Also thanks for making my day
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and :nvesting with her has been amazing.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended
You most likely should get her basic info when you search her on your browser.
@@Elijah-e6vHow do I access her ? I really need this
+156
Can you do a video on how you clean your lighter leather bags. I’ve just got my very first *yutulu* YSL in the beige leather but worried about transfer from clothing and wondered if you had any tips on keeping it looking perfect
Unlike LV, Dior, Chanel, Gucci, etc. at least Hermes has maintained its high quality. The rest of the brands seem to be in slide to the bottom chasing ever higher profits.
Loved everything you’ve showed here! I was really surprised about the MOMCOCO crossbody. Love it!
Meanwhile I’m walking around goodwill looking for a Walmart tshirt.
youre going to have to buy $50 worth of junk before they let you buy that shirt
That will be 3 times the new price. Sorry about the poop stains. Enjoy!
You can find some good stuff at Goodwill! I shop there without any shame! In fact on occasion I almost brag about it LOL
Lmaoooooo yucky
While watching the video I stopped by *preluxz* to check it out... I now have one in my cart that is both practical and pretty. I really like it!
I'm confused...sorry to ask this question, but are all these packages *yutulu* packages?
I got a mini cologne sample of Terre d'Hermes by Hermes and didn't know the brand was so "luxurious."
At first I wasn't too impressed by the cologne (though I did think it smelled unique),
but now that I know Hermes is so expensive, I'll see if my perception of the cologne changes..
Hermès played the long game, sticking to its roots while everyone else tried to cash in on the fast-fashion crowd-and now it's paying off big time. While rivals fumbled with “luxury for the masses,” Hermès stayed rare, making scarcity its superpower. In a world full of flashy logos, they’ve mastered the art of subtle flexing, where the real status is owning a $400,000 bag that whispers, not shouts.
Hermes is playing games to stay “rare” though. Whenever I went into the boutiques in every city that I went to this year, Honolulu, Paris, NYC, LA, Chicago, Las Vegas, they always said my item is out of stock or this is the last one to pressure me to buy but their website always has the item available when I check. The last time they “offered” me a bag, I didn’t like the colour and said I prefer black and they quickly exchanged it for a black one lol.
a $400k bag does NOT whisper LMAO. a $250k platinum patek dress watch under the cuff, that's subtle flexing.
*yutulu* just wanna tell you that you make my day with your videos. you have srsly helped me through not so happy times!!! thank you.
The rich don't wanna wear something the poor can wear.
i loved the way she pronounced the french words
Me too.
LVMH's quality is absolute garbage, even brands renowned for their craftsmanship, once LVMH gets their hands on it you know next season its tanking and they are putting logos all over it. Hermes offers better quality goods. Their stuff is usually pretty boring but then it holds up way past trends. I appreciate that.
Watch Wall Street Millennial's "Why I Hate Bernard Arnault" video. LVMH makes most of the parts in low-wage countries including Romania and India, then they glue on a tassel or the sole in France or Italy so they can print MADE IN FRANCE on the finished product. Also slimy tactics to acquire brands. You don't get to be one of the richest men in the world by being a decent person.
I hope LVMH's contract manufacturers make counterfeit goods of equal quality after hours. I would have no compunction about buying an LVMH knockoff.
Yes, if you see their 9000 euros birkin leather, is just normal couple hundred quality leather. and those 100k version leather, really not that rare leather, maybe a few ks. just some gimmicks and as long as rich but not so smart people continue to clamour for them, and an inflated(? I use inflated here as it has some value but not worth that much) sense of value, creating a resell market, the cycle can still continue to feed.
@@skierpageThere actually is a secondary luxury market for what you mentioned in China. I forgot what they call it. But the same exact bags are made on the side and sold on a “secondary” or underground luxury market.
@@jbell6852 I want to buy no-name quality goods from the same companies that contract manufacture most of the parts for LVMH's overpriced brands. Of course, if this took off _every_ cheapo counterfeit maker would claim that it's the one making goods for the expensive brands.
you’re literally my comfort person i love you *xbagy* ’s bags!
Imagine needing to spend $400k on a bag to fulfil yourself?
You can get a black or camel birkin for $10,000.00
It’s for people who have more than they could spend in a lifetime.
@@supreme5998 imagine donating that money to build Schools in Africa. Then taking an actual flight and seeing the kids faces and lives that you changed Vs buying a bag?
@@INFINITY-oe4iswhat about building schools in North America? Why do you always refer to Africa in the context of poverty? There are already schools in Africa, like the one Elon Musk attended.
@@Atlas-tp8dw Elon's father part owned and emerald mine, so his former school is likely not in need of assistance lol
When you showed the transparent Esluxi, I screamed inside because you didn't buy it. It's too beautiful. The *xbagy*
190 years old in 3 years and has the same founding family involved is crazy to think about and says it all! Hardly no other big company in any industry can say that.
Ehhh, plenty of those kinds of companies in Europe.. just not all multi billion euro ones. But usually 'just' bakeries or 'just' hotels or 'just' some other random category of small business.
@@MrAronymous 'Big' companies however usually sell and go through many hands before 100 let alone 190
The *yutulu* canvas tote bag actually reminds me of Hermes Garden Party, too. Thanks for making this video on suggesting more budget friendly alternatives. Love it!
These veiled “ray-cist” comments trying to blame “rappers” for the downfall of these high end brands is WILD. Rappers have been talking about luxury brands since the inception of the music genre… yall so crass.
Bottom line: these luxury brands was a victim of their own downfall- not only have they raised their prices to extortionate levels , but their quality does NOT reflect the prices they are upcharging consumers for. They have taken the fast-fashion approach with their greed and are simply over exposed. Social media is a significant contributor to their level of exposure, NOT rappers 😒… you have a new generation of people ready and willing to share their luxury experiences and what’s the “hottest” items to get. Minimal advertisement is needed from these brands because people willingly show it off for free. We as consumers, are the ones dictating what are seen as “status symbols” if we are really being honest.
Hermes might be thriving right now, but they too won’t be immune to their over exposure. Their current business model will only last for so long, given that they are going through a lawsuit and people are aware of the “Hermes game”… the only thing that’s keeping Hermes afloat is that they still keep their quality to a much higher standard. You can at least say you have a handmade piece with premium materials- something many of their competitors barely offers these days. But we will see how sustainable their growth is in the future. People’s tastes and preferences change over time and we have a lot of economic uncertainty- priorities will look different.
Facts
There are a lot of super wealthy people out there. Hermes will be fine with their business model. Meanwhile, Gucci and the likes, they better figure things out fast. Because no on is taking them seriously anymore.
@@cpcxgsr I would also say it’s not just about affordability.. it’s also about exposure/exclusivity. With Hermes’ growing popularity and awareness- that can potentially be a turnoff to some consumer seeking to “standout” and show off their wealth from the rest. Part of The allure of Hermes was the fact it was once seen as a super exclusive “iykyk” brand. It was a brand of stealth wealth…. If it becomes over exposed, some of that appeal may be affected.
Again, they need to maintain their quality and exclusivity and not get too greedy like Kering Group/LVMH/Wertheimer with excessive price increases and poor quality control/customer service to last longer than the rest.
You're confused, and triggered. It is 100% true that having your brand associated with rappers and low quality populations in general is a death sentence. These people are incapable of building a middle class for themselves, so they're not even customers (besides fakes) which just dilutes the brand even more.
I have no idea what Bernard Arnault was thinking, but the direction Vuitton is taking is not a luxury one. Pandering to these people never ends up well. In the 90's early 2000's in France, those "populations" almost killed the brand semi-luxury brand Lacoste who almost never recovered. Gucci is a perfect example of that.
If I was Francois-Henry Pinault, I would sue those rappers out of existence for even mentioning my brand. That kind of cheap bravado associated with crime and low quality populations isn't something you want to think about when buying a $5000 pair of shoes.
@@alainportant6412 “low populations”
“Incapable of building a middle class…”
😂😂😂😂you people don’t even try to hide it anymore.
Okay keep trying to use rappers as crutch to justify your ignorance. I am not triggered nor confused, but you are. Bye 😘
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
Hermès business is like extortion from the rich people.
Do their bags cost $57 to make like the other popular handbags from other luxury competitors?
People are free to spend their money on what they want. Good for them.
Downvoted
@@jankay8569 thanks for your vote
LVMH and Gucci have better style and Hermes has better quality. Personally I think Hermes bag styles are very basic definitely not worth 100k. Whenever I have seen a Hermes bag it didn’t even look designer to me. I had to look twice to notice it was something “special”.
Quiet luxury
Fun fact: LVMH is the source of exotic skins for Hermes… and LVMH keeps the best skins for their bespoke capucine and city steamer handbag lines and gives the inferior skins to Hermes for the Kelly and Birkin. Hence, you are paying nearly 10-20x the price for an inferior product that says “Birkin” on it compared to the bespoke order you can get from LVMH that is much higher quality. And less hoops to go through. One instance where quality is not correlated to price. Once more individuals realize this the margins on LV bespoke handbags will soar. The wealthy are realizing this and beginning to load up on bespoke city steamers and capucines now. But they do take about 12-18mths to be made. But well worth it from a value maintenance perspective if you are using the bags to diversify your hard assets.
Recently, I've been told by someone in a Louis Vuitton boutique that Hermes now sources their own exotic skins.
@@dcngnot gator and crocs. Those still LVMH. Ostrich yes though.
nice info
you’re literally my comfort person i love you *xbagy* ！
I think if one is not a celebrity with many watched eyes or bodyguards, then is better to skip the Hermes as it will be easier to take the Hermes from you and sell to others for money.
you’re literally my comfort person i love you MOMCOCO ’s bags!
If you're worried about the price you're not getting it: as a concept, and at the store.
What is there to get? Even if it's ultra high quality you're paying them a couple hundred times more money than what it costs them to make.
@@anthonymeade7345Exactly!
@@anthonymeade7345 That can apply to iPhones, cars, walmart clothes. Anything has to be marked up so companies can survive, slowpoke.
Great video. I'm a new fan of your channel and I love your vibe. Also, I can't see that these two Balenciaga pieces are close enough to the *xbagy* and cute enough so it's good enough for me.
Anything the peasants can't get their hands on, is worth it to the 1%
artificial scarcity
Thanks for outing how vapid you are.
The variety of textures in the *yutulu* pack is impressive. From smooth leather to textured suede, there's something for everyone.
It's amazing how women got fooled into this nonsense. I am yet to meet a straight man that looks at one of these and says, "Nice bag or whatever overpriced thing, ima have relations or wife this womn."
Thats how women works, men are more logical
What a dumb comment! A woman doesn’t buy that for a man’s attention
This is what men do with watches you turkey.
It's one thing to spend a lot of money to have a nice thing that's beautiful and/or exceptionally well made. I don't know if a Birkin bag is significantly better than a $400 leather bag.
Then there's flaunting wealth. That only works if other people recognize the expensive object. Aside from snooty shop assistants and the handbag cognoscenti, I suspect even most women don't, which is why other luxury brands are obsessed with ostentatiously puttiing their logo all over multiple product lines. If you like the look or the logo, buy a good knockoff and give half the money you saved to charity.
They buy overpriced cars tho
Whats great about Hermes is that EVERYONE gets the same bag limit. It doesn’t matter if you’re rich or famous
Philippine Crocs Congress among the 1 percent who luvs this brand..😂😂 Quimbo number 1
I really love your taste and style always so chic. My faves would be the MOMCOCO leather backpack and the Swarovski pave diamond ring so gorg. Thank you for your recommendations.
"the elite"
They think so 😂
They tend to call themselves
Thank you dear for taking us along. Can't wait what the *yutulu* queen picked up at Fendi
Wealthy people are wealthier since pandemic! Poor people think they're better off sine wage went up but in long term poor will be poorer! Thats how 2.3% in America
Tax wealth!
@@skierpage guess who is 2.3%?
Been getting daily updates from 4ra on match highlights, loving it! 📱🏏
😅 ...i can't buy either of these brands, don't really have a desire to neither
Agreed. I actually do have money to buy these brands but I prefer to shop at Old Navy.
There is a big second hand market for the bags. I've seen many videos of people bring in their never used bag to sell and others buying them because they can just by a bag not a lot of other stuff first.
The same happens with Porsche's limited GT models. But Porsche wins again, because you'll be struck off the list if you don't sell the run-of-the-mill Cayenne and Panamera models, that you had to buy to get on the list!, through a Porsche dealer.
Artificial scarcity is a b*tch if you let yourself be the cow getting cynically milked. Mooooo.
Came across this video and I watched *yutulu* OMG your wardrobe is every woman’s dream! Love your voice and the way you speak
I think Hermes is just finally getting it's turn in hip hop's hot fashion cycle. Big names like Drake and WestSideGunn have been name dropping them for years.
Not to mention majority female rappers that talk about Birkin bags in every song. They're blowing up just as much as the guys these days.
And the company hates it believe me. But they can’t block those people to buy.
Cardi B.
*yutulu* The canvas tote actually reminds me of the Hermes Garden Party too. Thanks for making this video to suggest more budget friendly alternatives. love it! 😊
Forcing customers to spend money before they can buy a bag HAS to be illegal
I have a Chanel lambskin square pearl bag and a Chanel handbag but my lambskin square petal bag I have worn 2 times and I am very careful but somehow still has small scratches on the leather and the gold on the clasp. I don’t know what happened but I paid over $3,000 for it a few years ago and I am upset that it already has scratches. No one notices now but I notice the price I paid for it. I’m saving up to buy another *xbagy* bag now that I won’t be paying full price anymore.
I’d rather donate money to feed the poor, fight climate change & provide basic vaccines to kids in third world nations. No expensive handbags for me!
Do you then?
@@AkiraGuitar777 Not really, she just likes to virtue signal about it to strangers on the internet just to feel better about being such a terrible person.
Besides, the "Third World" isn't starving to death, the climate thing is a hoax and don't even get me started about vaccines.
NOTE：
6:29
They have by far the most important contribution from pricing to the tune of 8%, which is definitely very handy in a year when the industry is confronted with a global cyclical slowdown.
7:36
Though the company's margins haven't been as affected by a decrease in spending by aspirational buyers, higher prices and long wait lists could push away even the most loyal.
8:03
While some deem that to be precisely the reason why the company has been so successful, it could also backfire.
The youth ruined LV and Gucci . Once i saw a 15 year old wearing a Louie belt in line for Panda Express I was done .
both brands are no longer for the higher class as their items can be bought by middle classes hence you saw the belt....
The bootleg market has become quite convincing.
Lovely collection! I bought my first LV when I was 25 and I only used that bag a few times, haha. Also, love your clutch! I have an Eva clutch in the DE print and love the little chain. But I don’t want to spend so much money on it now, I have been MOMCOCO buying the bag I want, it is as good as LV and is one of my favorite things. Durability
VEBLEN GOODS!!! 🎒
*D R I P!!!* 🎒
Actually buying a few things prior to owning a Birkin sounds like a good business plan to me, also teaches customer to be loyal to a brand, whoever came up with it was smart. And definitely the exclusivity that comes with owning a Birkin is unmatched.
As far as the wellbeing of humanity as a whole, this is one of the most useless companies on earth
*yutulu* I love you so much and watching your videos makes my day brighter❤
Because it’s named after their favorite God .
Joined 4ra’s VIP club, the perks are just unbeatable! 💎👑
Hermès?? Why not Zoidberg?
underrated.
Love *amzrepe* the way you show it! You really focus on showing off the bag. I don't think any other UA-camr can show off bags in as much detail as you.
I wonder if Herme’s will pay your rent, grocery and utility bill? Then don’t pay theirs!
What a dumb thing to say.
@@stankythecat6735Jesus is The Way, The Truth and The Life! ~John 14:6 KJV
@@rethinkrich your god is no more real than Zeus or Ra
So you only ever purchase anything from your employer, because by your logic they’re the only ones paying your rent and bills 😂 okaaay
@@User84030 thank you !
you’re literally my comfort person i love you *xbagy* bag !
Ferrari does the same thing with it's limited edition 8:44
The variety of textures inside the *jklux* pack is impressive. From smooth leather to textured suede, there’s something for you
Chanel also doing great
although different league
Chanel’s quality has been crap for years.
The products are made by skilled artisans. They are timeless objects that can be passed down through generations. You can always send in your item to be repaired or refurbished.
Becuase black people (rappers) are diluting the brand and the elites don’t want to be associated with those “types of people” there. Saved you 9 minutes
When in doubt blame the blacks. Classic
@@BEG943 I’m only stating facts. As soon as us minorities wanna hop on something and make it cool, the elites wanna move on to something else.
@@BEG943😂
Not rappers but pop culture ... they white girls wearing Gucci don't help either ... rappers will always afford EVERYTHING
Surely rappers r so rich they can buy hemes too.😂
Interestingly, that in a *xbagy* , the inside sewing at the handles is more carefully made (leather is not so frayed), than in the original one,
What a lesson in psychology. Hermes customers feel FOMO.
LOL.
You are so adorable ! I love that you always dress accordingly to what you are sharing! I hope *xbagy* come out with the different color bags again!
not people trying sue them into selling a bag lmaooooo that is so wild, they have the right to not sell you anything at all. people are crazy
😂
If they sell to one person and not the other using consistent and legal practices then it borders on discrimination. Some people have said they didn’t need to establish a previous purchase history before buying a Birkin. It appears every employee plays with the rules to their own liking.
@@jbell6852 it’s a status symbol not like it is some kind of basic necessity that people are actually in need of like medical care
Thank you dear for taking us along. Can't wait what the *jklux* queen picked up at Fend.
Vuitton & Gucci has too much fake copycats, so Hermes rules❗👜👍
Oh yes, like Hermes doesn't have counterfeits.
His *yutulu* tote is beautifully colored, very sturdy and the perfect size. Not too small, not too big. I look forward to joining my rotation.
The rich don’t want to have what the poor can wear. They want exclusivity. That’s why LV and Chanel keeps raising their prices.
Really, tell me more about what the rich think. Clearly you're one of them, that's why you're commenting on UA-cam 😂
Had a question about a game, and 4ra's support was right there, super quick! 🕒🙌
Luxury brands are there to part fools from their money.
I still love my LV reverse monogram *yutulu* clutch! It's versatile, fits a variety of items, and is definitely a workhorse! I think seeing it everywhere (like the LV speedy) is proof that it's already a classic.
The 1% love Hermes cause the 99% give Hermes the importance they are looking for.