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Looking up the subject, Birkins, I’m seeing them selling from tens to hundreds of thousands of dollars.
by grapeskin 4y ago
Looking up the subject, Birkins, I’m seeing them selling from tens to hundreds of thousands of dollars.
- alar44 4y agoIt's a tiny tiny part of the market. Think $500 million yacht. Yes they exist, but 99.9% of them don't cost that much.
- deleted 4y ago[deleted]
- CamperBob2 4y agoAlmost a classic example of a Veblen good. The demand doesn't increase uniformly as the price increases, but they'd probably sell fewer if they cut the price in half. They've clearly found the sweet spot in the overall profitability curve, somewhere in the six-figure range.
- thablackbull 4y agoalar44 is not talking about Birkins when he says 'Most luxury bags are a few grand tops, not 100s...' but the LV's, Gucci, Burberry bags most people with branded handbags have. Birkins are another class of their own.