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Re:Among a certain set, counterfeit luxury bags may be more ... by imgabe on Wednesday May 11, 2022 @03:26AM (#31336853)
They're paying for the ability to display that they can afford to pay six figures for a piece of cowhide.
Re:Among a certain set, counterfeit luxury bags may be more ... by dagw on Wednesday May 11, 2022 @04:04AM (#31337123)
Not just that they can afford it, but that they have been 'allowed' to buy one. You cannot just walk into a Hermes store and buy a birkenbag, you have to convince them you are 'worthy' even just to be added to the waiting list to maybe be allowed to buy one eventually.

This is why second hands brikenbags go for so much. Because it's the only way to get one without having to go through the whole approval and wait list process.