Gotta take into account marketing, real estate, overhead, profit margins, sales, and number of people buying it. But yes markup is probably 10-15 times the pure manufacturing costs

thieney don’t forget the labor cost to make it - it’s not materials alone.

@@thieney yea that's true, when you buy everything to start a company or brand and make a product, even it costs $200 to make, say an iPhone 10 you still have an overhead and need to adjust price to market value and cover all costs of continued manufacturing while getting a return on the investment and then profit. The new Toyota Supra is a very good example, but for brands like coach there is some pricing due to name only.

The flaw in these kinds of videos is the fact that they don't consider the time it takes them to do it, because they're making them for themselves so their time is "free", but in a company it's not like the people work for free, so if $70 is how much the material itself is worth that's not the total amount of money a company spends. Using some random numbers, let's say that a Hermes employee in France costs €5000 a month on average, so $5600, and let's say that those people work 22 days per month on average, that's a daily cost of $250 per employee, plus shipment costs, the maintenance costs of the factory, property taxes, VAT etc etc, and a company has to make a profit so hundreds of dollars may be a fair price, maybe not $5000 but $70 is not the complete picture for sure. The quality matters as well, I'm not an expert of high quality wallets so I can't really tell whether this one was rushed or if it was the same quality as the $5000 one tbh

@Pandu lol.

😂😂😂😂

Lmao underrated comment

Lmao

😂😂

😂😂😂

@@peeniz and counting (sadly) A fool and their money are soon parted.

Lol my uncle

People who pay 5000$ for Hermes wallets aren't watching random videos in YT like you and me 😂.

no mines from imagining a small aligator being skinned

probably because of the alligator skin

I think the point is this dude wanted to buy a $5000 designer wallet for no reason other than it said *hermes* and also the fact that each wallet also costs the life of a small alligator only for them to only use like 1/4 of the underbelly for a feckin wallet.....

While it's a beautiful wallet and I enjoy his videos, I do find the click-baity-ness a bit misleading and annoying. The material cost of this wallet is much higher than $71. To say that is a $35 piece of gator belly is absurd. It's the prime section of an exotic hide. That's like buying a side of beef and saying the cost of an 8oz filet is $2.50.

@@DeadbeatChild I understand what ur saying but I don't think ur looking at it the correct way. If you do buy a side if beef that costs say $1000. You have to look at it as how many filets, etc can I get out of it and how much can I charge. Then you divide it by that and come up with a price. I don't know but I think that's what he did. He took the hide, divided it up seeing how many wallets he could make from it and came up with a price. It's the same with anything you buy in bulk. I do it making wood projects when I buy a nice piece of black walnut or another exotic wood. Either way, it just shows, if he used the same materials, how overpriced all the big designer names are.

@@chrisdemeglio7983 Fair point. I'll elaborate. He says he's purchasing the exact materials as Hermes, but I am not sure--if they are purchasing grade I, the cost will be higher. Even at ii/iii a hide like that is still going to run 350 dollars minimum. Also, he does not cut the pattern in the same orientation as Hermes which would be lengthwise, and for optimal symmetry--you could only get a single wallet out of a hide like that (edit:looked through some examples--they all feature the umbilical scar, confirming one wallet per hide. If you wanted to buy this single piece on its own, they're gonna charge a fortune because you're basically stripping the hide of its primary anti-counterfeit mark). Furthermore, price per sq-ft is an irrelevant metric as price is calculated by age of animal, flawlessness, and finish. While I agree that a lot of luxury goods are obscenely marked up, I've seen Hermes craftsman at work and they are MASTERS. That kind of labor is very expensive. A $5000 Hermes alligator wallet is a totally different beast than a when Gucci sells a branded tshirt for $900, and shouldn't draw the same degree of ire. So I stand by my point about this being click-baity. I would prefer he give a little more credit where credit is due.

I’d use it too. But it’s not Hermes. It’s a glorious Home made wallet. Now go buy the Hermes and do a resiliency test. Let’s see which one falls apart sooner lol

charlesnTV i dont mind voice overs :/

@@hugedickerinokripperino5299 well you can subscribe to Buzzfeed then

Agreed, really liked the simplistic nature of the video

Ur right ,,, that the truth of genius

janirobe no u

Hotel: trivago

do it like an ASMR style

I was your 1k like

Adrenalin: i’m out

That’s a Michael Jackson song

The work *

SKILL*

Wait until she divorces you because her friends have Hermes, gucci, dolce and so on and she has nothing

Your grandpa gets it.

He’s smart.

Potatoes VM m

@Tee Bo thanks mr party pooper for your insight

Tee Bo you’re the one who likes to ruin jokes with “logic”

I couldn’t help it

same.

I’m sure the majority of people who watched this, clicked out of curiosity, and then got hypnotized by the level of perfection this guy crafted the wallet.

@@flavio8751 how dare you narrate my past lol

Same! Not even into wallets, but somehow the KZfaq algorithm suggested this. So pleasing to watch.

For every thing else, there's my Velcro closure Ocean Pacific cordura wallet from the '80s. 😎

@@JunkMailBoxStuff Rubber bands

Ray Outdoors For everything else there's MasterCard🤣😂...

Ray Outdoors the craftsmanship is what makes the Hermès $5000 😂

if u have the tools, the difficulty of making the wallet is low actually, just need to be patience crafting the tiny part bit by bit

Ryan Hedgecock this deserves top comment lmao

omg this made my day ;-D

Genius comment

lol

lmfao

Excellent observation !

It was very relaxing to watch and interesting at the same time!

SPZJollyRancher actually I was hella bored!!!!!! I just skip the hole video and watched the results 🌚

Mimi.kookie 1997 sounds like your a consumer... maybe different interests? Creating something by hand with patience skill and pure talent is something to admire.! We are all different but the skills to create, build, invent and progress comes through HANDS ON EXPERIENCE

Mimi.kookie 1997 Lack of passion or the “SHEEP MENTALITY “ could very well be why.

You are totally right. The cost of the materials are not everything.

That happened to me to.

Me too and I had no interest on it until I saw the price difference.

I guess shes a woman?

hell yeah :D

*Me "Yes"

XDDDDDD

ok ? everything is cheaper when you do it yourself duh. you can go and make yourself expensive furniture for cheap go ahead tho or build a pc from scratch

@@rorigillmore141 i don't think you understood the point of the comment..

Exactly my thoughts 😂

how about the idea of design, how the wallet has been made?! the number of pockets, the color choice, the materials and the way the wallet is made. And also, the system of selling the product too and you also pay for the models they hire.

Alex H I wish I could like this 700 times

ASMR

i mean you can always mute the video?

@@rikatoji3994 Then you couldn't hear the sound of the craftsman working

@ɮօʊռċɛ օʄʄ You go into a state of mindfulness when doing things like this.

Non of that stupid TikTok music

i found it sooooo soothing hearing the exacto cutter cutting the leather, or not hearing it? idk, it was sooooo rewarding.

yes i love it

Sooo true.

yeah man, hammer sound was so good

Because of the sharp blades. 😛

Straight

Straight *

Planet Noggin Leather has a very soft texture. Very satisfying, I agree!

Literally answered you own question

4 mil now..

Funny idk who hermes is but i watched the whole thing lol

Video got that Illuminati stimulus package which comes with millions of views and recommendations on every youtube users start page.

KZfaq wanna kill Hermes.

and?

I think he thought he would be a purse instead

Anthony come on we know all gators wish to become some nice boots.

or food. Gators aren't exactly the most forward thinking species..........like humans.

What do you guess we’ll become

@@mfcker What's in your wallet?

I know him IRL he has intestinal problems so his shop smells like farts

@@gitman3486 i died oflaughter.😂😂😂😂😂

@@johndoe-lw1xo ewww

@@johndoe-lw1xo weird

@@gitman3486 That's not true, why u are beeing such a liar?

I've got a Hermes in Thailand for $50 bucks ... oh sorry, it was a Herpes, not Hermes Still, pretty good *"bang for the buck"*

​@@labadaba5088 I'm single, so uh... I can get away with it. Y'know what I mean? I'm 72 years old, and I've f&&&d up every relationship I've ever had

@@labadaba5088 girls love drugs and alcohol

​@@labadaba5088 With the way my life turned out, I feel like I'm not in a good position to give any advice Don't do drugs, I guess: I've been smoking weed since 1970, and been arrested for: - public intoxication - vehicle theft - hit and run - possession of a controlled substance - identity theft - possession for sale - possession of a concealed firearm - aggravated sexual assault - evading the police - false inprisonment - receiving stolen property - use others ID for gain aaand - sitting or lying in the public ways

@@labadaba5088 u r living the dream...just give urself what he truly want then u live with no regret later~ i mean sex n money..a lot of it~ men will always be boys forever trust me... ✌🏻😎

same thought, it's brilliant and magical..

Asmr

You’re pretty

Handcraft at the best :D

What is asmr? I hear this term all the time

yup. the knowledge also pricey

Frankly i can get the same wallet (nearly the same quality) from a craftman in the town for 150$. It can be up to 400$ if he's well-known, but this does not look like a $1000 wallet.

People don't buy Hermes for quality, they buy because it's expensive and they can afford it

@Aaron Orrell .. Very on point bro .. When u factor in his time, skill, materials etc .. It is worth at least $1000 .. Good point bro

@@KwonSori Exactly. It's why I buy and support from a skilled independent craftsman who owns their brand, rather than a big corporation.

asmr???

I thought exactly the same!😂

Lol

Took the words right out of my mouth. He should have played that music over it 😂

Haha. Was thinking same

I'd prefer $5060 in a $10 wallet

I'd prefer a living alligator than a mother fucking $5000 or $70 fucking wallet...........

Smdh 🤪🤔 I will have to carry around $ 30,000 if I got $5,000 wallet

i have $70 and no wallet

I'd prefer 5000$ in a 5000$ wallet

Saemyr I couldn’t agree more

I was just thinking.... "Hey... Maybe I should be doing this!!"

I have been watching this thinking the same thing

I was thinking how it's attractive for a man to have a skill like this

Amen, way too much work. But beautiful results!!!

Are you selling them looks way better then my 400$ wallet

Skilled Labor $4335.00

I was gonna do same comment... 👍

@@tylerd55555 Except the laborer at Hermes doesn't make anywhere near that.. Hopefully one day..

How much did the belt cost you

Cool story do you tell it at your parties?

@@piehamcake1 🤣🤣

Me too 😅

Same. Not sure how I ended up here, but can't say I'm disappointed

SIGH, UNZIPS

You have my name. What are the chances of that dude!

Plot twist: you r anus .

@@kakashiboss8350 and you're not funny..

@@SGfamilies who said I'm funny u dik head .

@@kakashiboss8350 Plot twist: you can actually spell

@@phdphill1651 plot twist: you can't end sentence.

Right you are

It's art

@@girishgangurde6063 there's always an annoying asshole like you finding faults in someone's statement? What joy does it give?

@@himul9526 ????

Master of forgery showing others how to do it - how very deceitful, how very American

exactly!

I literally was thinking the same thing lol

"You can't rush art!!!"

Thats what we call asmr😂

Serviced by daddy 😏

That’s what I said true craftsmanship

Alek LaMour you sir are correct lol

yes, it just suddenly pop up on my recommendation

So true

You're wrong. I woke up this morning & said "you know what, I need a 7k$ wallet but damnit I only got 50$.....shit I know what to do"😂

Peyton Bell LMAO

"Let's get started..."

Or my favorite, "It's cha boy". I despise that phrase.

That's definitely me! hahahah

Or don't forget to like and subscribe.. so you do not miss...A... WHAT AM I GONNA MISS ?? a frustrated twit who thinks DESPACITO is a great song?At that very second I DISLIKE at the speed of superman having a soft bowel movement.

👍👍👏👏👏

That's his cost without considering the tools he used. Should be able to sell it for no less than 500$ I'd say for all the skill and work involved in creating this masterpiece!

Probably worth $300 at least. I've heard 1/3 of skin is used and 2/3 is wasted so, I just tripled the cost.

@Mosinlogan You could get more out of the leather, but he took his piece right out of the middle which is the most aesthetically pleasing part of the hide, because it's essentially mirrored. Similar to bookmatching wood for a guitar top. You can conserve hide by being more efficient with where you take your pieces from, but it won't look as nice. This would be factored into the cost of the wallet, because you're probably only getting 2-3 wallets from the hide instead of 4-5 or whatever.

Die Ränder dünner schneiden würde es schlanker aussehen. Es ist sehr schön geworden.

Mosinlogan scrap pieces are used for smaller items such as key chains etc...

same hahaha

People can pay to their videos get recommended. Also, youtube dont recommend wideos that arent monetized

It's 2:09am where I'm at.

4:10am

It's 12:26 here but I'm not gonna lie I read your name wrong and that's a dangerous thing to do.

afda h: 12:44 am. lol

here 3am

True! I felt the same :v

Ya need all the tools

It really isn't as complicated as you might think. Go on eBay or Amazon and you can buy some moderately priced sets to see if you like the craft. Patterns can be gotten for free on quite a few sites. Keep watching this guy's videos and you're on your way. He's very good.

Dawn Chérie Woodworth And he even left the free pattern in the description

It hars cuz these comments are kids or teens with no credit cards or paypal so its a struggle to buy things. Compared to man who works has money and has a credit card and can buy these easily. It's not as easy actually.

He has made a small dent in the skin to fit his knife in.

Ruler...

At my artschool, the first thing what we learn it to freehand a straight line. This is for making designs and stuff, but i often also use it for these kinds of things🤭

You don't cut fast and heavy.

Bitch please

chapeau

-_-

Hendi Lim lmao

Pt hes chinese

GOODLUCK WITH THE QUALITY ASSHOLE

YEAH CHINESE MADE GOOD FOR SEVERAL DAYS LOL

Hahahahahahahahaha 🤣

I was about to say that

He can sell nie for 4000 $

Fr doe

Maybe a cheater

LOL so true.

His crafting level is 99 bro

This goes with the tuxedo sets and has a secret full set bonus but I don't know what it is

For sure, I learned to do most of the things, he has a special tool for, only with a special curved knive that is used in leather manufacturing.

Largest Classifieds It is therapeutic. I love to watch the creative process. peaceful.

Asmr with headphones

Hi, you should also see VeTiVeRs ;)

If I could find the people that would pay $5000 for them I'd be doin it every day all day, where for art thou stupid rich people?

bipedalbob Yeah, one wallet a day is sufficient for me.

Hahaha I too had the same feeling for a moment...good craftsmanship isn't it?

Same

Same! I thought I was stupid to think so 😂

After he ate it

Not surprise if he got an whole ostroch nxt

Best place to have the damn thing..!

It's kinda sad.. :(

Ryan • hahahahaha I used to do this when I was like 9 to pretend I was an adult

🙋‍♂

Yeah. Like wtf

@@roimores5677 well you watched it so I guess the algorithm was correct

Yep, got this today and the other day i got a Chess tournament, i have no clue

Yip

dam, underrated comment. it's a shame that not many people can understand your humour

@@lkb9527 But it's not funny. And putting on a screen protector is very, very simple.

Jay WP which is what makes his comment funny. Don’t take it too srsly just because U can’t catch the point in this joke. Every one’s sense of humour are different.

@@lkb9527 Yeah, I don't get it. Fair enough mate 👍

@@Jay-we2ek :) its ok buddy~~