Louis Vuitton just says luxury.
That makes Louis Vuitton “the world’s most valuable luxury brand,” according toForbes.
And Louis Vuitton has continued to do just that.
But just because you maydesirean LV-monogrammed handbag, does that mean you should get one?
Should you be spending your money on the label at all?
There are more factors to consider than just price.
This is everything you should know before purchasing.
This, of course, prevents creating undue waste.
CNBCreported that Louis Vuitton also suspends production on a particular product once it has met its sales target.
This is because too many of the same item on the market would only serve to decrease its value.
And, well, those costs get passed on to the consumer.
While Louis Vuitton takes care to limit all of its production, some products areespeciallylimited.
There are, for instance, only 85 of the2018 Royal Wedding Petite Mallehandbags in existence.
Thatmayexplain its $16,500 price tag.
The company operates inover 460 stores across 50 countries.
Within the United States, California has become a hotspot for the brand.
The east coast hasn’t been forgotten, though.
New York City is home tothree retail locations, including the brand’s flagship store.
In 2019, Louis Vuitton also constructed a pop-up store in the Lower East Side.
Instead, opting for a preowned bag can save you some cash but be wary of fakes.
How can you tell?
“Authentic linings include coated canvas, canvas, cross-grain leather, Vuittonite, and Alcantara.”
Next, pay attention to the stitching.
Pattern matters, too.
The bag’s stamp can also tell you a lot.
“Authentic Louis Vuitton bags should say Louis Vuitton and indicate the country of origin,” Ricketts revealed.
“Coated canvas and Epi leather will hold up better.”
It’s also helpful to know what your desired bagshouldcost.
“Will it be for work?
Do you prefer something easy like a crossbody?
How much space do you need?”
You ’ll also want to confirm you’re choosing a bag that’ll pretty much go with everything.
“Can you picture yourself wearing this bag for multiple occasions and getting lots of use out of it?
And, if you choose to go the preowned route, that doesn’t mean your bag has tolookused.
In fact, it’s wise to look for a bag in the best condition you could afford.
The brand’s ever-popularNeverfullhandbags are favored for a reason.
They’re “beloved because they can fiteverythingwithout being too heavy,” Cooper revealed.
On the other hand, the expert saidSpeedysare “surprisingly spacious” for their smaller size.
It’s not a bad idea to choose a bag in the brand’s signature canvas, either.
“It’s scratch-resistant, lightweight and waterproof,” the expert added.
Luxury retail site Vestiaire Collective (viaElle UK) noted a marked increase we’re talking 65 percent!
in resale value between 2012 and 2017.
There is actually a way to save a little money while still buying brand new.
According to Exane’s statistics, Louis Vuitton products cost some 50 percentmorein China than they do in France.
Plus, it’s possible for you to visitthe birthplace of Louis Vuitton and that’s pretty cool.
Why buy Louis Vuitton goods when you could rent?
There’s more than one way to show off a Louis Vuitton handbag.
Instead of purchasing one outright, sites likeBag Borrow or Stealmake it possibleto rentone.
While prices vary based on the bag you choose, both companies offer handbags at varying price points.
In 2016, master perfumer Jacques Cavallier Belletrud worked with the brand to come up withseven coordinating scents.
