My wife loves expensive shoes and purses. Not the "aspirational" brands like Coach or even Louis Vuitton. She has graduated to brands like Chanel ($3000-5000) a

My wife loves expensive shoes and purses. Not the "aspirational" brands like Coach or even Louis Vuitton. She has graduated to brands like Chanel ($3000-5000) and Hermes ($15,000) and Louboutin shoes ($900). I'll tell you exactly why women love to spend lots of money for purses and shoes. It's for the sheer exclusivity of it. It's not because of things like quality or functionality, so the argument that a $200 knockoff is just as functional or has just as good craftsmanship is useless. I have argued that for something so expensive like $5000 handbag, you would expect an INCREASE in functionality or durability. I would expect things like waterproofedness, etc but no. They are even more fragile than you would expect. The price is simply a way to create a sense of exclusivity. It similar to why a man buys a 600 hp Ferrari when most highways only allow speeds up to 60 mph. It's a show of power, prestige and wealth. Sure you could get a car that had the same acceleration with better fuel efficiency, but that's not why people buy ferraris.