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You're paying a premium for the name and for owning a status symbol.Originally Posted by LegB4Wicket
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.Originally Posted by acidicboy
I don't think there is a "fair value" for products like these anyway, they are all over priced.Originally Posted by tom2517
You can get Hermes quality for much less. But you have to pay the price for the Hermes name.Originally Posted by kitonbrioni
The Italian brand Valextra has raised its prices to compete with Hermes.Originally Posted by LabelKing
Funny how in luxury goods the laws of pricing and demand work in reverse.Originally Posted by Kent Wang