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    • Emily Dawes
    • Balenciaga Neo Classic City. Balenciaga. Neo Classic City Mini Textured-Leather Tote. First released in 2001, Balenciaga's Classic bag lives up to its name.
    • Prada Galleria Tote. Prada. Small Galleria Tote Bag. While Prada's cult nylon styles come and go, the more grown-up Galleria remains steady as one of the label's most timeless classics.
    • Chloé Woody Tote. Chloé. Woody Medium Leather-Trimmed Cotton-Canvas Tote. Only released last year, Chloé's Woody Tote, which comes in three different sizes, has quickly become a modern classic.
    • Loewe Puzzle Shoulder Bag. Loewe. Puzzle Small Leather Shoulder Bag. Jonathan Anderson has more than proved his talent for creating covetable handbags over his years at the helm of Spanish label Loewe.
    • Irrationality
    • Equating Higher Price with Higher Quality
    • A Desire to Boost Self-Esteem
    • Authenticity Matters
    • The Bottom Line

    Consumers aren't always rational. According to some modern behavioral psychology studies, many consumers who buy luxury goods aren't in a financial position to afford luxury goods. The proof may be in the high rates of consumer debt in America. Total credit carddebt for the fourth quarter of 2023 was $1.129 trillion. A high-quality, durable handbag...

    One possible explanation is the human tendency to overemphasize the positive elements of a product and ignore its disadvantages. Great marketing and brand power may contribute to this. Some consumers will wait overnight to grab new releases of iPhones, iPads, and Mac computers even though Apple (AAPL) products aren't necessarily technologically uni...

    Self-esteem can be a factor, as well. This may be especially true if you can't easily afford the cost of these items. Whether it's basketball shoes or a polo, a luxury good can go a long way toward increasing self-esteem for some people, providing a sense of belonging and higher status. A $500 scarf is just a click away with the rise of online shop...

    Someone may decide to pass up a fake Rolex and pay full price for an authentic one even if the two watches look identical. Why? The owner will know that they don't have a real luxury good, even though it may appear the same to a stranger. But why wouldn't a facsimile do the trick if we buy luxury goods to show off to others and feel like we belong?...

    People buy luxury goods for a variety of reasons. Nearly all of them are related to the strong emotions we attach to the purchase of expensive material goods. You may decide to purchase an item to achieve a certain feeling, regardless of whether you're in a financial position that allows you to do so. You might be looking for a feeling of accomplis...

    • Vanessa Page
  1. So, wealthy people buy expensive goods trying to highlight their status. Purchasing a high-end bag can provide a sense of belonging, gain acceptance of peers, and act as a physical representation of your success in life. 3. Quality. When buying luxury, we almost always persuade ourselves that we are paying for quality.

  2. Sep 4, 2024 · The quiet luxury companion: Toteme T-Lock bag. The crossbody: Gucci 1955 Horsebit shoulder bag. The slouchy crossbody: Lemaire Croissant. The do-it-all mini bag: Miu Miu Wander bag. The classic bag: Saint Laurent Kate. The travel tote: Louis Vuitton Neverfull. The timeless icon: Hermès Birkin.

  3. Aug 21, 2024 · Bazaar 's top 10 designer bags of all time: The ultimate everyday bag: The Chanel Flap. The workwear hero: The Row Blake. The sleek shoulder bag: The Prada Cleo. The Noughties' favourite: The Dior ...

  4. Oct 31, 2018 · 2. The quality elevates every outfit. One of the reasons why designer handbags are so expensive is that the quality is unparalleled. They’re constructed of the best materials from ornate clasps to hardware that never tarnishes. When combined with premium leather – or even exotic skins – a bag can end up very expensive.

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  6. Feb 20, 2020 · Saint Laurent Lou Medium Monogram YSL Crossbody Bag ($1,250) A camera bag is an excellent choice for a first premier designer purchase. Not only do the price tags tend to be a bit lower, which may help lessen the sticker shock with that first big purchase, but the style is versatile and perfect for pretty much any outfit.

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