According to Statista, the luxury designer handbags market including Gucci bags are soaring and has been on an upward climb for many years.
But why are Gucci bags so expensive? and are Gucci bags worth?
Gucci bags are expensive because of their reputation, quality and luxury experience they provide, Brands like Gucci use quality leather in their bags sturdy crafted elements like black crocodile.
In addition, the luxury brand targeted audience are high earners, like celebrities and stars that already make tons of money and are ready to open their pockets a luxury product.
Read on to know more why Gucci bags and accessories in general are expensive and what is the cheapest Gucci bag, in addition how to invest in a Gucci bag to rich your collection.
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Brief Overview About Gucci
Gucci was founded in 1921 by Guccio Giovanbattista Giacinto Dario Maria Gucci. The brand is the leading international fashion design house and a symbol of Italian luxury world-wide.
Offering handbags, ready-to-wear, footwear, and accessories, makeup, fragrances — known with the famous crossed letter G symbol—it is also one of the most recognizable brands in the world.
Why Are Gucci Bags So Expensive? (4 reasons)
The main focus of almost all the Luxury brands when producing their items is the quality of material they use.
Quality materials are their main criterion, you can’t obtain a luxury handbag with a whooping price and it lasts for only one year or it rips in just a few months; people want their luxury items to remain in their collection for years.
Brands like Gucci use high quality leather (like crocodile) in their crafts also most of the items are hand crafted by artisans.
Almost 85% of luxury brands sales comes from their database, meaning they already have a customer base which are expecting them to diver more.
Big brands set their prices not because they want to, but they have to maintain their brand Image and value, if they set low prices people will not consider them luxury brands anymore.
Think of a Gucci handbag you find in an online store that says 100% leather with a Gucci tag on it but listed with only 100$ ( and is not a vintage piece ), you may think that is a stolen or a fake product.
Even if you told your friend that you got it at that price she will think you’ve got a rare bargain that is hard to find again, meaning people won’t expect Gucci to set its prices that lower.
Sense of Urgency make customers act quickly, and releasing limited-edition product or collection in small quantities make consumers want to own the product as soon as possible because they know they won’t find it anywhere else, in addition some smart shoppers already know that hit is an investment if they buy a limited edition because its price will goes up.
In mass market world, if you buy a handbag you will sell it under priced if you find someone interested on it, however if you purchase a luxury brand limited version handbag you will end up selling it with a profit, and what’s really amazing is that the more vintage the item get the more value attached to it.
Gucci has a strong luxury brand reputation and a large segment of loyal customers, most Gucci buyers want to feel the luxury and the status comes with it.
Celebrities all around the world are also contributing to these luxury brands’ reputation, when a celebrity wears a Gucci handbag, sales go up. and this raises the value of the brand almost instantly and enables Gucci to charge more for its products.
Honestly there is something authentic about owning an original and good quality piece.
So Is Gucci worth the money?
If Gucci means something to you, or you want just to try luxury and quality products so it does.
However what you should know is that a large part of owning a luxury Gucci product is the amazing feeling you get when you purchase something luxurious and authentic.
Most prices are more than ×4 on what they invest in the product. There is a rule of thumb when you are thinking of spending on a luxury item or product it should not be more than 10% of your income.
But in most cases Gucci handbags are worth the money because the more vintage the item gets the more value it has, so it is an investment.
How much are vintage Gucci bags worth?
The new Gucci bags ranged between $1000 and $40 000 and if you want to invest in a new bag it may be a good idea if you picked the right one.
Do Gucci bags hold their value? As stated above the more vintage a Gucci bag gets the more value attached to them.
However not all Gucci items will hold their value when they are vintage, but most of them will be worth more than the buying price.
Morgan shows in this video some really great deals for vintage designer handbags, she gets a Vintage Gucci handbag for under $20.
The Gucci handbag is on the minute 10: 45.
Where to buy Gucci Bags?
Choosing the perfect Gucci bag or where to buy it can indeed be confusing for many buyers, which is why we have provided these places to find your perfect Gucci bag.
Conclusion: Why Are Gucci Bags So Expensive?
While Gucci handbags offer designer handbags ranging from hundred to thousand Dollars, a few special and limited edition pieces can go for the tens and even more than 20k dollars.
And as stated above the most expensive Gucci bags are about statue and quality materials however all of that don’t justify such hefty price tags.
We hope this helps
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