I guess what I'm not understading is if the Jjinbu's brand perception of Chanel went down, then I guess all they buy is Hermes and bespoke custom bags? Outside of Hermes, there aren't any other brands as a whole that has more scarcity/exclusivity or higher prices than Chanel. I guess I see some Hermes buyers mixing in some Delvaux every now and then (at least in Japan).
Based on what I can tell from social media, I think Chanel is still chugging strong behind Hermes. The people I follow on IG that seem fairly rich (multiple luxury cars, extravagant vacations, living in Cheongdam-dong/Gangnam) seem to gravitate towards Hermes and Chanel, solely. I rarely see these types buying anything other than these two brands.
The Japanese rich seem to value more individuality. As much as they show off and buy their Hermes and Chanel, I still see them sporting tons of
Loewe, Dior, Celine, Delvaux, and Valextra (in addition to other brands).