Why 10 Luxury Clothes and Accessories Are So Expensive | So Expensive

Why 10 Luxury Clothes and Accessories Are So Expensive | So Expensive | Insider Business

Рет қаралды 923,864

Күн бұрын

It's no secret that luxury clothing and accessories command a high price tag, but the reasons for why fashion items have a high cost can vary. For something like Stetson cowboy hats, it can be a combination of choice materials plus the cultural significance of the brand with celebrity endorsements like Beyonce and Dua Lipa. For others, brands create a business strategy based on limited supply and rarity, like Supreme drops and the Air Jordan resale market. Still other luxury prices boil down to the time-intensive methods used to create something like a single pair of Momotaro denim pants in Kojima, Japan. We take a journey across the globe to see how some of the most expensive luxury fashion items are made, and why they're so expensive.
0:00 - Intro
:36 - Why Japanese Denim is So Expensive
11:33 - Why Stetson Cowboy Hats Are So Expensive
18:06 - Why South Sea Pearls Are So Expensive
27:24 - Why Cuban Link Chains Are So Expensive
34:42 - Why Bespoke Dress Shoes Are So Expensive
42:52 - Why Chiso Kimonos Are So Expensive
54:48 - Why Supreme Is So Expensive
1:01:49 - Why Nike Air Jordans Are So Expensive
1:09:27 - Why Doc Martens Are So Expensive
1:16:08 - Why Birkin Bags Are So Expensive
MORE SO EXPENSIVE VIDEOS:
12 Jobs That Take A Lifetime To Master | So Expensive | Insider Business
• 12 Jobs That Take A Li...
Why Patan Patola Saris Are So Expensive | So Expensive | Insider Business
• Why Patan Patola Saris...
10 Of The World’s Priciest Arts And Art Supplies | So Expensive | Insider Business
• 10 Of The World’s Pric...
------------------------------------------------------
#LuxuryClothes #SoExpensive #InsiderBusiness
Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Visit our homepage for the top stories of the day: www.businessinsider.com
Insider Business on Facebook: / businessinsider
Insider Business on Instagram: / insiderbusiness
Insider Business on Twitter: / businessinsider
Insider Business on Snapchat: / 5319643143
Insider Business on TikTok: / businessinsider
Why 10 Luxury Clothes and Accessories Are So Expensive | So Expensive | Insider Business

Пікірлер: 208

@gemelwalters2942 Жыл бұрын

I will never understand spending an absurd amount of money on clothing, no matter how wealthy I get. Buying quality, hand crafted products that last I can understand but mass manufactured products with a brand label slapped on it for bragging rights is ridiculous.

@Gulag00 Жыл бұрын

Smart with your money 👍

@SnowSNS11 Жыл бұрын

If you're wealthy, if you see something you like, you just buy it without a thought. Tho buying for bragging rights... Idk if actually rich people do that, if so that's indeed useless, at the very least like the things you buy

@gemelwalters2942 Жыл бұрын

@@SnowSNS11 of course they do, it's all ego... that's as old as time. There are rare exceptions but in most cases it's all about self validation. I'm wealthy enough to afford many things but choose not to. It's about upbringing and the things you choose to place value in.

@American_patriot110 Жыл бұрын

OMG don’t you want attention? And people look at you 😂😂, that is today’s mentality

@SnowSNS11 Жыл бұрын

Haha 😅 I guess it's for people with too much time to care about that, only shallow people will care about that as it seems a waste of time to bother... or those focus on their appearance if it's their job like celebrities? I remember they have a problem in Korea about Idols wearing luxury items as their young fans are begging their parents to buy them those things maybe to support their idol or whatever. Eitherway it's very effective.

@--deleted-- Жыл бұрын

There is 3 reasons why things are expensive: 1. it's hard to make 2. it's rare 3. people are stupid

@fredeatstheworld308 4 ай бұрын

people are stupid can also be just collectively valueing something. like pokemon cards. skins etc.

@user-kp2yg1mb5v 4 ай бұрын

Because they are filthy rich.

@zerihunsahle7544 23 күн бұрын

❤❤❤❤❤strong people

@ledinhdong7743 18 күн бұрын

They call it luxury items. Like 1-star hotels and 7-star hotels.

@sona8036 13 күн бұрын

The 1st two do no apply!! #3 YES!

@amandapittar9398 Жыл бұрын

The kimonos are the most exquisite. Maybe because I sew & embroider, but they are quite superb in terms of quality and beauty. Also, when you think that the Japanese don’t like second hand clothes… I would gladly buy one second hand. Sooo beautiful.

@szemeijamie0804 4 ай бұрын

It's not just about buying. It's also about the skill of cleaning, maintaining and repairing and all that requires money and effort so it's hard to blame people not investing in it while the economy is not doing well

@ooXChrissieXoo Жыл бұрын

Some things are rightfully expensive, some "luxury" brands are illegally expensive.

@Benz100 Жыл бұрын

I love these type of video I often tend to fall asleep when watching because it’s so relaxing, no loud noises of screamed kids. Purely information and knowledge.

@connieg7012 4 ай бұрын

Me too

@Masrafi 11 ай бұрын

the difference between the kimonos where it shows each and every step of how its made with hand drawn designs and made by hand over several weeks vs the supreme t shirt where the entire segment is like: well, theres not a lot of stores and uh, you have to wait in line and kanye west likes it.

@asdfgidji879 9 ай бұрын

street wear is a plague on society tbh

@sophiaisabelle0227 Жыл бұрын

Insider Business has some of the most incredible content I've ever come across. They're always the best at what they do.

@IamDruMzTV Жыл бұрын

Unless it comes to written articles

@Gulag00 Жыл бұрын

Found a insider Business burner account

@lugia8888 Жыл бұрын

Yea theyre pretty good

@jakeleo4518 10 ай бұрын

simple answer 55:27 mental tardation :) thanks for coming to my ted talk

@user-ms2xu5ds8y 6 ай бұрын

The variety of textures in the amzrepo pack is impressive. From smooth leather to textured suede, there's something for everyone.

@xlerrahul Жыл бұрын

Common Thread Here -> Expensive/Rare Materials -> Inefficient processes -> Decades Old Technology -> Do Everything Manually === SO EXPENSIVE

@johnreybartolata2405 10 ай бұрын

When it comes to Japan, no doubt. Their craftsmanship is the best I know.

@CHEEBnRUN Ай бұрын

Americans make Japanese make it perfect Chinese steal patent.

@Iskander448 7 ай бұрын

It's ironic how almost every entry focuses on the craftmanship as justification for the high price yet when it gets to Supreme and Air Jordans, it is about the 'celebrity factor' and exclusivity instead of quality. Birkin bags somehow fall into both categories. Ridiculous.

@PieterBreda Жыл бұрын

Most of the mass produced luxury items have enormous mark-ups. Some are better, most not worth the enormous price.

@onemorechris Жыл бұрын

The biggest difference between the bags, and something like gold is that you literally cannot produce any more gold in already exists. Yes Hermes bags are very nice and rare however, there’s nothing technically stopping them making millions of them if they really really wanted to. If you want more gold, you literally gonna have to blow up an actual star in space

@asdfgidji879 9 ай бұрын

not a star but same idea yeah, more of a big rock or even potentially a planet made entirely of gold

@sharonbuzo5601 Жыл бұрын

My God. Those people and the work put to harvest the pearls!!!! 5 years!!! If that woman (final) is charging 36.0000 , how much are they making??? So wrong and such sad/phenomenal work at the same time. I've always wanted a real pearl necklace and that video blew my mind!!!!

@samsonhagos6114 5 ай бұрын

Besides being solid gold, the Cuban chain are the simplest design chains in the jewelry world. It's the way they marketing it made it extra special, any Jewelry maker with basic skill can make them.

@grotemuis4889 Жыл бұрын

I refuse to wear name branded clothing. If I am to strut around with a name brand on my shirt or shoes I better get paid for all this free advertising! Besides, it looks cheap and tacky.

@richmondstar4354 7 ай бұрын

Guilty of that myself back in the day…but as I get older prefer simple or plain nowadays.

@Gulag00 Жыл бұрын

I don’t get why people pay hundreds of dollars on shoes and clothes (Air Jordan’s/supreme) when you can buy different brands for like $50 max and pocket the remainder

@pwandaa Жыл бұрын

theyre not buying it for comfort/looks, they buy it for status

@Kni0002 Жыл бұрын

@@pwandaamost people won’t even look twice if they see someone wearing supreme sneakers lol

@Tracy-xe9zu 8 ай бұрын

It depends. I'm plus-sized, so finding clothes in my size that I actually like is difficult. It's absolutely worth it to me to spend a bit extra on, say, a bespoke winter coat off Etsy than it is to buy something cheaper but that I don't like the look of. Plus, it's always kind of fun to have an article of clothing that's genuinely unique or produced on such a small scale that you're unlikely to encounter someone with the same thing.

@malldemelanin 7 ай бұрын

@Tracy-xe9zu i agree with your situation. But most people want to fit in.

@DanielDuintjer 2 ай бұрын

@@Tracy-xe9zu This is a VERY different thing than what OP is talking about. You actually need to spend more since otherwise you might not be able to get what you like to wear. You're clearly not paying extra merely for status. People that buy ANYTHING from Supreme or those that buy specific models from known brands like Nike (Air Jordans being mentioned by OP) do it only for the status. You will always get higher quality items for a lower price by not buying any status products. Not saying the status product is necessarily bad but it's not worth the price.

@judi-anncrooks4756 7 ай бұрын

The bespoke shoes 💃🏽 and Cuban links ✨

@candyce6233 7 ай бұрын

I have been interested in a good Japanese pair of jeans for about five years now. I’ve dabbled in so called Japanese denim like at Uniqlo but I definitely want a pair with the end stitching and all. 😊

@ozzyosbourne6 Жыл бұрын

If there is a high demand and low supply on anything no matter what it's price will be high. Ecomomy works like this and i see why hand made stuffs are really expensive because in mass production firms can produce 100 times more than firms make them by hand and also there is more effort.

@tcarp77 6 ай бұрын

Why is it still legal to use chinchilla and beaver furs

@3dp_edc Жыл бұрын

lol just get the northface jacket embroidered with supreme and save the $1000 or probably closer to 900 for the embroider work. Or you know just get a rep thats made in the same factory with the same materials by the same people afterhours for $100

@chris.foreal 6 ай бұрын

Buy what you like. Live once. Enjoy it. Money comes & goes.

@Ryu0526 6 ай бұрын

If anything says made in Japan, you know it’s gonna be good

@Qwerty12-yr7ut 9 ай бұрын

I don't understand one thing what is the use of hand spun thread or any other there are so many irrelevant, useless, time consuming, just to increase price methods if you have do that in fraction of cost and time. Why? Sure these might lost long but you can also make best quality for low prices.

@karolinakuc4783 11 ай бұрын

In case of Burkin bag I do not understand the craze. True, they are pretty and from expensive material it is all about the brand. Good that at least they don't use slave labour but artists unlike Nike, or Zara and other fast fashion brands

@themountaintopGL Жыл бұрын

Short answer. The brand name. I just bought a pair of shoes with the same quality and arguably more comfortable off of TEMU of all places. $23 (not a temu add i promise). Most I’ve ever spent on shoes was $120 for a limited edition pair of Vans

@jakeleo4518 10 ай бұрын

simple answer 55:27 mental tardation :) thanks for coming to my ted talk

@reviarelanzar4691 Жыл бұрын

You are always best business insider at ur work.

@SaianaKrishnaMehrotra-fr4qt Жыл бұрын

nice to see that insider business is more reliable than CNBC videos.

@consmercado3843 Жыл бұрын

I agree with Japanese denim and some hand made items. But Air Jordans? Nah they cheap out on materials and sell it at high mark-up because of it hype. They know people will still buy them

@joyblessing5389 9 ай бұрын

That's great

@pauln7029 3 сағат бұрын

The new beanie babies

@rebeccabarnhart4837 3 ай бұрын

very good

@ByDaniSimone 6 ай бұрын

This is an amazing documentary

@akuratordue7494 9 ай бұрын

I love luxury ❤️

@roravenclaw7797 Жыл бұрын

I have a pair of Doc Martens that I have taken very good care of. They are more than 20 years old.

@laramaaike3050 5 ай бұрын

I have a pair that is 30 years old, not taking care of at all and still in good condition. They doný make them as they used to do tbh. (I was 16 at the time and didn't care about taking care and after I learned about it....5 years ago, I still didn't care for that pair of shoes) I do however take care of my newer pair and my 2 pairs Mary Janes (who are 20 years old)

@roravenclaw7797 5 ай бұрын

@@laramaaike3050 If found that If I get them sent directly from England, they are of better quality. If they are made elsewhere...not so great.

@eddieabbott370 Жыл бұрын

Great Job youll

@arupdeb45 Жыл бұрын

Japan : Though the efficient tech is available we will make this everyday object using 10000 year old machines that take 95 years to master. The end product will cost you 95000000 USD World: STFU and take my money

@SnowSNS11 Жыл бұрын

Huh perhaps paying to keep history alive too? Instead of being forgotten they want to keep it alive, which I can see will appeal to those who appreciate it

@Nakkisampyla Жыл бұрын

Loake and Church make quality with decent price

@PremiumToyCollect Жыл бұрын

A Premium Product !

@SuperSimrun 7 ай бұрын

Good products

@GodzHarleyGirlStudio Жыл бұрын

Most of these have already been posted and viewed, just all put in one video.

@romeoslover817 11 ай бұрын

I can answer this question without seeing the video. These businesses will charge as much as they can because people WILL BUY the products as their set price. Any item is only worth the price people will pay for the product. Consumers stop buying it, the price is reduced. Supply and Demand.. basic economics.

@omokpariolaelshalom9883 9 ай бұрын

Great

@pandabytes4991 Жыл бұрын

I once owned a Stetson, but I don't know what happened to it

@videomantan Жыл бұрын

Thank you for your information about luxury clothes and accessories

@HarryTBeck Жыл бұрын

12:06 I’m not a photographer at all, but this picture would look so much better if the house wasn’t there, and instead they had a train coming towards the car, with a cigarette in the man’s mouth… Or if he was leaned forward a little lighting a cigarette. Idk, I just think it would add a lot to the pic and would look a lot better than a random house there…

@chyu89 7 ай бұрын

People used luxury items as a key to access to their next social status group. Like who can or will you meet when you have a Bugatti. People tend to think why overpaid for a 4 wheeled vehicle or leather goods from the same animal. Think of it as an ACCESS KEY to where you want to be. Billionaires tend to hangout with billionaires. Other than that, they are just fulfilling their social responsibility.

@mrgrape2166 21 күн бұрын

Hermes has been playing this game for years... The most expensive hand bags in the world.

@martin5504 10 ай бұрын

The Birkin bag thing is teenage insanity.

@jcolt84 2 ай бұрын

What a weird transition at 18:06 into the. You go from talking about sterson hats, to immediately breaking into a segment about pearls, with absolutely no transition in between. I had to check to see if I was still on the same video. It certainly didnt seem like it was intentional.

@TTOS69 4 ай бұрын

How is something that weighs more than DJ Khaleds beard or the sun only worth $200,000? When there are pinky rings worth that.

@vintageswiss9096 4 ай бұрын

Stetson should go into partnership with the brush makers... Brush markets only use long hair and throw away the down... stetson only uses down and throws away the hair...

@v1nc3nt_bl4ck4 6 ай бұрын

Martins ain’t made in England, they still banking on presumed reputation n good quality even tho they ain’t quality no more

@allythearts5439 Жыл бұрын

I dont buy luxury clothes. I can do without. Still like to look nice but im not into the big big brand names

@agenta3570 Жыл бұрын

I have some pairs of jeans from years ago that still look as good as the day i bought them Just buy responsibly

@Benz100 Жыл бұрын

Levis is often a great and solid choice when it comes to jeans.

@Tennisisreallyfun 13 күн бұрын

To be honest, most of the “luxury” items I see are things that are expensive just because they are rare and the market has created the hype. Those sneakers? They aren’t usually created with the finest materials on Earth. And if they are made with alligator leather or ostrich skin, then they aren’t hand stitched, nailed, and varnished with a brush like proper dress shoes should be. There’s the segment of the luxury market of clothes and accessories composed of things made by hand using artisanal methods of only the finest possible materials. Those are worth the price. But you often won’t know about their existence and they won’t usually show up on videos like these because, for the most part, they won’t have any logos or excessive advertising to accompany them. They’re for the clients that know😉

@ClatoriXima 7 ай бұрын

I feel like jeans from places like Balenziaga and others may be worth it for their shape if you can afford it, but buying jeans from the women's section or from cheaper places like asos/used market may be good too. some shoes are shaped specially, other than many y air Jordans. but its really variable honestly.

@onemorechris Жыл бұрын

What are the Jordans are not often cheap, they are comfortable. This can’t be said for Doc Martens which are today, the most uncomfortable shoe I have ever worn

@annienigro4624 6 ай бұрын

Doc martens are not expensive. They are around $200 Canadian. However, they are desirable if they are made in England.

@dave2193 Жыл бұрын

It had to be Vegas Dave....

@bentmch1 Жыл бұрын

Those birkin bags are soooo ugly

@elMARABIYOCHO1989 8 күн бұрын

They are expensive because of the name. We already know that these products are made in some factory in China for less than $50

@3dp_edc Жыл бұрын

Reps are so good these days i bet id be able to sell them to all the resellers on the market. Hell I've sold fake diors to a shoe store for 10k that i bought for $120

@pinakinamin8658 7 ай бұрын

Antique

@KC-kp4vh 11 ай бұрын

That bag guy is literally the greater fool.

@Quadrupliplex 21 күн бұрын

the problem i still have is that human feet dont naturally come to a point at the toes... so even though these may be custom made - they still arent made to benefit the anatomy of the human foot... kinda a fail in my eyes...

@solraczevehc3761 3 күн бұрын

FYI canvas comes from cannabis !! Thank you for providing

@user-yx3by4we1w Жыл бұрын

Those Momataro jeans don't even look tapered wtf...

@laknicks Жыл бұрын

Answer to all is MARKETING nothing else

@karolinakuc4783 11 ай бұрын

All worth their prize accept fast fashion brands

@pheangmethkonyak7590 22 күн бұрын

I don't think supreme does justice to the fashion because one in a million only gets it so it isn't a big deal.

@warisgood454 10 ай бұрын

Dont donate to value village they also have a compactore behind every store where unsold items get tossed At least goodwill does provide food banks and job training Amd put unsold items on sale after they have been on the sales floor Savers just tosses the items after being on the floor for a few weeks

@spikerzombie Жыл бұрын

The big company’s are selling dreams

@KalRick23 Жыл бұрын

Why not use correct gloves length so your hands wont color.. it wont affect the quality so your hands are still clean-looking, right?

@LFPGaming 9 ай бұрын

the 'supreme' and 'nike' sections don't even show any design/creation.... i guess these brands don't want us to see the chinese sweatshops they're made in? it's overpriced tripe made by modern-day slaves

@Decaprio97 Жыл бұрын

Waiting fr crocs brand 🔥

@태이씨 10 ай бұрын

I would totally buy hand crafted clothes and shoes, but to throw out thousands for a label on your shirt? No, thanks.

@joelwycoco1791 Жыл бұрын

If it is expensive for you dont patronize it thats how it works

@OztanTimucin 2 ай бұрын

Haan bhai, maine to May 17 Lottery ke liye registration kar liya, IPL dekhne ka aur bhi maza aayega jab inaam bhi jeetne ka chance ho 🏏🎉

@TheChrisDecember Жыл бұрын

NIKE Trying to justify Sweatshop labor so fanboys can buy more Jordans? Pass dudes. Be more responsible with your money.

@ip16354 23 күн бұрын

the meme: agmog us wear red shoe

@thinkbigcharomariano 7 күн бұрын

because...

@tech4life884 8 ай бұрын

Supreme is not a " Name brand " company. Louis Vuitton, Gucci, and Ralph Lauren are " Name Brand" companies. The customer doesn't determine what companies are Name brand and what aren't Name brand. Companies do. All Name brand companies started out from day 1 as Name brand companies. Supreme started out as a low class skateboard logo. Not a company or a " Name brand" company. No company becomes Name brand over time. They have to start out as Name brand.

@annienigro4624 6 ай бұрын

…and Ralph Lauren started out with ties. He was a tie salesman and customers kept asking him for rep stripe ties but there weren’t any available, so he began making them. RalphLauren the man/persona is totally made up. He might be wealthy now but he wasn’t when he began. Don’t get me wrong. I love all things RL. If I had the $$$ it would be the only thing I’d wear. I have always had preppy/classic look since high school and RL fills that style. I still own rl clothes from the ‘90s and (if I was still that size 😂) I could still wear them and no one could tell.

@darthgorthaur258 Жыл бұрын

Wait didnt he say there were only two.of those bags, hes an that dudes wife, so what about the asian lady she had all 3 sizes or is that the dudes wife cous she had a very different name lol...sounds like dave doesnt know wtf hes talking about...id laugh my ass off if it was fake..

@Unboundedegg Ай бұрын

luxury brands are only luxury if they are made in the same place as the product is sold, "luxury" is a marketing ploy.

@zayaatelier452 2 ай бұрын

its all about marketing because i do thinngs handmade but i dont have money for marketing, so people treat me like a artisan who dont need money. kkkk

@rushankhan7 Жыл бұрын

Like other things, Japanese should bring in the new technology for manufacturing denim, there is no point spending $2K on a pair of jeans just because it was made using primitive methods !

@ANANYAPRABHU1G-qk9kl 10 ай бұрын

i think the value of the jeans come of the quality and the uniqueness of the material

@ashen0306 10 ай бұрын

You don't have to worry about them 2k jeans. You are not the target market lol

@user-yr1pe5ly1j 8 ай бұрын

Why can't he wear gloves?????? Ghee!

@Youngy_Tech 9 ай бұрын

❤❤❤❤❤

@Zenboy23 5 ай бұрын

No one will care about Supreme in a decade, just as no one cares anymore about Fubu, Ecko, and other streetwear that seemed huge at the time and now is irrelevant.

@meerkatreserve7543 14 күн бұрын

Puhls? 😂

@user-oz2wn3lj5s Жыл бұрын

এই দেখেই নীল চাষ করার ধান্দা এসেছিলো

@joeson7700 10 ай бұрын

Papua guinean traditional KOTEKA - Horin , PENIS gourd will soon be in STYLE .

@-MrFozzy- 11 ай бұрын

People who buy limited items, or high ticket items JUST to resell it/them for x2/x3/x10 it’s original price deserve to be repeatedly punched in the genitals and to lose everything they own….

@ketratech8165 5 ай бұрын

Its called latex gloves for Buddha’s sake

@EvendimataE Жыл бұрын

i dont mind paying a lot for jeans made with very durable material.....but if its just the dye, forget it

@karolinakuc4783 11 ай бұрын

Synthetic dyes are cancerogenic and make your skin ichty so I understand the demand. I also understand that people with very sensitive skin will go for those weaven by artisan. They are new yet soft like worn out. There is quality and work ethic to that brand unlike stuff from fast fashion brands