Why Do People Buy Luxury Bags: Psychology Behind Chic

Stylish clothes and shoes are not everything to create the perfect look. Properly selected accessories enhance the impression, emphasize the seemingly inconspicuous details of the outfit. A handbag is, without a doubt, the main accessory of a woman, and a luxury handbag is her ultimate dream. But why do people choose expensive purses over their more affordable counterparts? Let's understand the psychology behind chic. 

 

What Are Luxury Bag Brands?

The concept of luxury is very subjective. But, just to be clear, in this article we are talking about high-end brands that manufacture purses of high quality that last a long time and even increase in value over time. Here is the list (of course, not expensive) of the most popular luxury bags. 

 

Chanel

Is it possible to spend a tidy sum on a stylish and durable accessory? Opt for Chanel. Unfortunately, it is hard to find spacious bags in their collection, because the bran is mainly concentrated on models for evening looks.

 

Louis Vuitton

This French fashion house has been a symbol of prestige and elegance for over two centuries. A bag by this premium brand is a must-have for every luxury lover.

  

Gucci

A sophisticated handbag from the fashion house Gucci is a dream of every fashionista. Accessories of this brand have a unique charm that is very hard to resist. 

 

Hermes

Hermes bags are considered the most exclusive and elite fashion accessories, as you canèt just walk into a Hermes store and buy a fashion house classic such as a Birkin or a Kelly, you need to order them and there is a waiting list.

 

How Much Does a Luxury Bag Cost?

Prices for luxury bags vary greatly - all depends on a model, collection, size, material used, etc. The cost of a fashion accessory by Gucci starts from $350 and can go up to $2,500. As for Chanel, it will be around $1,700-5,000. Bags from Louis Vuitton are also quite expensive starting from $ 1,300. But this does not prevent the brand from making excellent sales around the world. As far as Hermes bags are concerned, the price varies from $3,000 to $12,000.

Interested to see how further up the prices for luxury handbags can go? Check out our Top 20 Most Expensive and Exclusive Designer Handbags in the World

 

 

Why Are Luxury Bags So Expensive?

Famous brands like to talk about their history and traditions, the best materials, and meticulous craftsmanship. However, this is far from everything that makes up the cost of an accessory from a famous brand. Amounts spent on advertising campaigns, royalties to movie stars, and the modeling business - all this is laid down in the price. In addition to spending on celebrities, fashion brands spend huge amounts on their boutiques, which are located on the most expensive streets.

If you want to learn more about why Louis Vuitton bags are so popular and expensive, read our article. 

 

 

5 Psychological Reasons Why People Buy Luxury Items

Why do people buy luxury bags? Why are we willing to pay much more for, in general, a product similar in quality and functionality? Here are five psychological reasons.

 

1. Rivalry

Although it is customary in business literature to attribute rivalry mostly to the male half of the population, this quality is also not alien to women. Our purchases have long gone beyond the need, now they have become a kind of competition. My thing is more expensive, which means I'm better. When people buy expensive stuff, they tend to think that they are more privileged and fortunate than others. 

 

2. Status

This reason is closely related to the first one. Status is an important part of any society. Every one of us has a social role they should comply with. Coming to a business meeting in a cheap suit is a wrong move, unless, of course, you are in the IT business, where everything is forgiven. So, wealthy people buy expensive goods trying to highlight their status. Purchasing a luxury 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. And that is partly true. Luxury brands care about their reputation and heritage and employ the best craftsmen and use the best materials on the market to manufacture their unique handbags.

However, the quality of a luxury product is sometimes not that much higher than the quality of an ordinary good analog. It is just the consumer's perception. Non-luxury goods are considered inferior that is why consumers concentrate mostly on their drawbacks and ignore their advantages. We just blindly conclude that items with a hefty price tag are of better quality regardless if there is actual proof that they are.  

 

4. Satisfaction

People tend to spend big sums on luxury goods to boost their mood. We treat ourselves to a designer item as a reward for hard work or, on the contrary, to increase our self-esteem when we feel down. Luxury goods are the ultimate retail therapy and online shops and the Internet, in general, contribute to impulsive shopping. 

When we are talking about satisfaction, it important to point out that here buying authentic is a key. If you treat yourself to a fake Chanel bag, you won't get satisfied, on the contrary, you will feel as if you haven't treated yourself at all. 

 

5. Uniqueness

We are interested in exclusivity, we want to become special because of the goods we own. If the product on the market is fundamentally new, and at the same time has considerable demand, then it will cost a lot. Demand can be dictated simply by fashion, the desire of a certain number of people to be the first in the community. The more exclusive the product, the higher the demand for it and, consequently, the retail price. Buying chic we remind ourselves how much we value ourselves. 

 

Keep in mind that there are two sides to every coin. It is not uncommon to feel embarrassed instead of feeling good, satisfied, or more confident after purchasing an expensive luxury item. Especially, among first-time buyers. They are usually afraid of other people's reactions. If you feel the same, please, watch our video on how to handle it. 

 

Where To Buy Luxury Without Spending Big?

If you want to treat yourself to a luxury and exclusive handbag without spending a lot of money, check out our stock of pre-loved purses!

 

Follow us on social networks to read other useful and interesting information!

Instagram https://www.instagram.com/lv_bagaholic/

Bagaholic YouTube channel https://www.youtube.com/channel/UCkltmNVxyBlfuZc3-eOGfzA

Related Posts

Where Are Chanel Handbags Made?
Where Are Chanel Handbags Made?
Coco Chanel founded a legendary empire. Over the years famous designers have brought their personality and vision to ...
Read More
Top 10 Most Iconic Dior Bags That You'll Never Regret Buying
Top 10 Most Iconic Dior Bags That You'll Never Regret Buying
There is no better investment than a high-end bag. It's not only an investment in its traditional sense when you buy ...
Read More
How To Make Money Selling Your Old Stuff On Social Media
How To Make Money Selling Your Old Stuff On Social Media
The way people do shopping has changed a lot over the past decade. The era of gigantic malls is disappearing. We don'...
Read More

Leave a comment