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Thanks for the bump !
Its has been my experience as well that the leather goods down there arent really all that great. I am going down there over thanksgiving and my dad wants to get me a leather jacket, but im just not that excited about the jacket.
It depends where you shop. there is excellent quality down there if you're willing to pay for it. Most go with a notion of paying under $200 and come back disappointed. Of course, great leather jackets are easily 5x that in the States, If you are willing to pay around $400-500, you can get something real special and you can get it custom. Try both Lopez stores(Casa Lopez and Lopez Taibo) and whatever you do stay away from tourist rip off Florida st. One more recommendation for Maggio & Rosetto. Again these are not cheap but you get what you pay for.
For what is worth... Argentine leather is top class, however, the dying and processing is not. In fact, some of the great leather garmets/etc you see in Europe are made from Argentine hides which are processed in Europe, mostly Italy. So, if you go down to Argentina you will have good stuff in terms of raw quality but not quite in terms of finish.
Leather quality and finishing aside, the construction of Argentine leather goods is quite poor. Stores like Casa Lopez reinforce their poor stitching with glue. It's just not too pretty. The goods are not particularly expensive and are probably cheaper than the comparable item in the U.S., so it's not a big deal and can be fun to shop for, if you don't care about quality. However, people shouldn't go to Argentina expecting great deals on quality leather goods.