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Because it represents luxury and richness. Despite that, it's mostly the name you're paying for, not the actual material. LV is simply an established name and people are willing to pay a lot for it. Hence, the prices are high.
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Source(s):
http://www.luxist.com/2007/03/11/louis-vuitton-tribute-patchwork-bag-worlds...
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| November 11, 2009 07:55 PM |
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Voted as best: donabpoppin, kh_gore
Other Answers (1)
November 11, 2009 07:24 PM
It is perceived as a quality/luxury brand and a status symbol.
Source(s):
http://www.luxist.com/2007/03/11/louis-vuitton-tribute-patchwork-bag-worlds...
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Voted as best: psionandy
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