this post was submitted on 03 Jul 2024
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A Boring Dystopia
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"Italian prosecutors found Dior paid $57 to produce bags retailing for $2,780."
In case someone else comes to the comments to see the important detail.
Makes me feel better about only paying for a 300% markup on car parts
Rock Auto ftw
Post pandemic international shipping rates skyrocketed. Used to be able to order parts from RA and have them shipped to Canada for peanuts. Now the cost savings are eaten by crazy shipping fees, auto parts aren't light
Only 300% lol
Thanks for respecting our time and its monetary value!
^ Excluding cost of material
Considering how many "luxury" bags nowadays are "vegan leather", pvc or other plastic byproduct materials... I don't think the material costs that much either.
One of Dior's current "it" bags is literally a beach canvas tote bag retailing for USD$3000k+. And most luxury houses don't even do real gold/platinum or plated hardware anymore. There is no "luxe" in modern luxury anymore tbh, it's really about showing off the name
They’ve been Veblen goods for a while, the price is the flex. Even the marketing has dropped the pretense, any talk of craftsmanship or quality materials has disappeared in favor of lifestyle branding and appeals to the ego.
On the inverse side, there’s MUJI who dont advertise, don’t brand their goods, and purposely design goods that reduce waste.
Muji's quality is kind of crap too, their linens and cottons are thin, of a lower/variable quality weave and not as sustainably acquired as they like to pretend they are. But they ARE natural fabrics/polyester free, so there's that.