Maybe focusing on price is not the best metric here, after all when talking luxury items the price has no direct relation with the physical product almost by definition. In this domain of purchasing, "higher end" means high class, not just expansive.

In a sense, Gucci and Vitton are what low class people think rich people wear. Kind of like Trump thinks being rich is shitting in gold toilets.

Of course, this contempt of "tacky luxury" is in itself a form of signaling among a certain class.