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Hermes wallet, scarves...fair value?

Discussion in 'Classic Menswear' started by seok, Aug 24, 2006.

  1. seok

    seok Senior member

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    I've been shocked by how expensive the Hermes wallets and scarves are...

    What's so special about them, and what do you think is fair value? How much would you pay for them?
     
  2. LabelKing

    LabelKing Senior member

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    Hermes scarves are outsourced to a silk company; however, they are known for the limited edition prints. Maybe one time ago, they made their own signature items.

    As for their leather goods, that is another facet of the legend although they do make leather goods inhouse, and the quality tends to back up the reputation. Many makers also imitate the Hermes look.
     
  3. LegB4Wicket

    LegB4Wicket Well-Known Member

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    You're paying a premium for the name and for owning a status symbol.

    Make no mistake, they are of good quality but $500 CDN plus (at Holt Renfrew) for a wallet is nuts. You have nothing but a receipt to put in it once you've purchased it.
     
  4. seok

    seok Senior member

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    so how much would you be willing to pay for them? i think i may be able to get some NWT/NWOT Hermes wallets for $200ish.

    You're paying a premium for the name and for owning a status symbol.

    Make no mistake, they are of good quality but $500 CDN plus (at Holt Renfrew) for a wallet is nuts. You have nothing but a receipt to put in it once you've purchased it.
     
  5. nelly

    nelly Senior member

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    Honestly, I think if you're the type of person who is phased with paying $200 for a pocket square or $500 for a wallet, then you probably shouldn't be buying Hermes items in the first place. You'd be better off saving the $500 towards a nice suit.
     
  6. acidboy

    acidboy Senior member

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    throw away the name "hermes" from the question and put in "gucci", "louis vuitton", "prada", "christian dior", "ferragamo", etc... and you'll get the same answer.
     
  7. nelly

    nelly Senior member

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    I think what I'm getting at really is that I would always concentrate on getting quality "basic items" like suits, shirts, shoes, etc. before spending money on accessories. Granted, it should ultimately come together but one step at a time for poor students like me.

    Along the lines of your questions, my sister has some hermes accessories (watch, loafers) and they seem very high quality as as expected.
     
  8. Tomasso

    Tomasso Senior member

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    throw away the name "hermes" from the question and put in "gucci", "louis vuitton", "prada", "christian dior", "ferragamo", etc... and you'll get the same answer.

    The quality of Hermes leather goods is far superior to that of the designers that you mention. Hermes is in a different league. They operate as an atelier, using old world techniques and the finest skins on the market. That's why they're backlogged on orders for saddles, Birkin bags and such.
     
  9. Dragon

    Dragon Senior member

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    Hermes leather goods are very high quality. Yes, the price is high...so is Kiton.
     
  10. tom2517

    tom2517 Active Member

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    Well, I am a fan of Hermes. I agree that they are very expensive, and some people, or make that most people may think it is not worth the premium over other brands such as Gucci, LV, or etc.,

    But if you want the best (in terms of major fashion houses), and can afford it, go for it. I don't think there is a "fair value" for products like these anyway, they are all over priced.
     
  11. kitonbrioni

    kitonbrioni Senior member

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    You can get Hermes quality for much less. But you have to pay the price for the Hermes name.
     
  12. kronik

    kronik Senior member

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    I don't think there is a "fair value" for products like these anyway, they are all over priced.

    Precisely what I was thinking.

    I've purchased 3 Hermes ties in the past 4? months because I really liked them. Do I think I could have found better ties for half the price? Of course I do. Do I think that Hermes goods are worth what they charge? Of course I don't. No purse is "worth" 35,000 dollars, just like no watch is worth 25 million. It's worth what it cost to make it/market it - its "price" however, is a number on a tag that someone came up with to define a profit margin and establish product exclusivity.

    Fair value is a term whose meaning is COMPLETELY lost in the realm of luxury goods.
     
    1 person likes this.
  13. LabelKing

    LabelKing Senior member

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    You can get Hermes quality for much less. But you have to pay the price for the Hermes name.
    I don't know about "much less", which seems an hyperbole, but certainly there are relative "bargains" to be found in lesser known atelier-type firms. The Italian brand Valextra has raised its prices to compete with Hermes.
     
  14. Kent Wang

    Kent Wang Senior member Dubiously Honored Affiliate Vendor

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    The Italian brand Valextra has raised its prices to compete with Hermes.
    Funny how in luxury goods the laws of pricing and demand work in reverse.
     
  15. LabelKing

    LabelKing Senior member

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    Funny how in luxury goods the laws of pricing and demand work in reverse.
    I suspect that Valextra is also trying to market its avant-garde design past to people with cerebral luxury tastes as compared to Hermes, which tends to be sort of obvious.
     
  16. pejsek

    pejsek Senior member

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    I suspect that Valextra is also trying to market its avant-garde design past to people with cerebral luxury tastes as compared to Hermes, which tends to be sort of obvious.
    You're not talking about the dog collars, are you?
     
  17. LabelKing

    LabelKing Senior member

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    You're not talking about the dog collars, are you?
    That's more the area of the French. The Valextra firm revived their past designs like the 24 hour bag, which won the 1954 Compasso d'Oro. It's all rather elegantly unassuming, much like a pre-Fiat Lancia. These prizes used to mean something; now they just give it away to anyone.
     
  18. Tomasso

    Tomasso Senior member

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    certainly there are relative "bargains" to be found in lesser known atelier-type firms.

    April in Paris delivers Hermes quality at a substantially lower price-point. I don't know if Bea makes saddles but she does do auto interiors, in the event that you'd like to spruce up the Benz, LK.[​IMG]


    http://www.aprilinparis.us/
     
  19. LabelKing

    LabelKing Senior member

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    April in Paris delivers Hermes quality at a substantially lower price-point. I don't know if Bea makes saddles but she does do auto interiors, in the event that you'd like to spruce up the Benz, LK.[​IMG] http://www.aprilinparis.us/
    I didn't know this, Tomasso. It's certainly compelling. Maybe this is the 21st century answer to coachbuilders in a way that AMG, et al. will never be.
     
  20. Ivan Kipling

    Ivan Kipling Senior member

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    [​IMG]

    Agree that Hermes quality is old world, tactile, and endearing. I know a number of women who wear Hermes scarves. They can't seem to live without them. Personally, I've always found their patterns, both in scarves and ties, to be on the busy side. The leather goods, become heirlooms, upon purchase.
     

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