resellers making a killing off this high demand has two consequences though - yes, the resellers do profit quite handsomely, but also the perceived value of LV as a company goes up too
isn't this why hermes seen in such a superior light? their bags are hard to obtain, and since they limit supply and the demand is high, resellers make a killing BUT hermes also increases its brand exclusivity... which as i mentioned, may be good for LV, which seems to be trying to do something similar (obviously not to the same level as hermes though)
one might argue that the less-tangible gain from this angle outweighs the monetary loss they're taking from making such limited numbers of the bag, but who knows - i'm no expert, just a luxury enthusiast
I’m also just a luxury enthusiast so it’s not like there’s any more weight behind my opinion.
but, I don’t think these compare well. Hermes bags are hard to obtain and they limit the supply, yes. Their coveted hard to get bags also have a starting price of $9,000-$10,000. You also have to spend quite a bit before getting a wishlist and then getting offered bags (though you can typically buy their other bags as a walk-in or off the website). It is a long process to get a bag from Hermes. This is the continuous Hermes model. Resellers allow customers who only want a K/B to buy at a markup, but typically still cheaper and much faster than going through Hermes.
I’m not sure you can get the same exclusivity from scarcity from a Limited Edition release. If LV really wanted to up their exclusivity they’d ditch or limit bags like the NF. But those are probably driving their profits most as those bags are by far the cheapest to source materials for and make.
IMHO if their goal was exclusivity, they should have kept this collection off the website entirely. Made it only purchase through a SA and available based on purchase history.
I’m just not sure this was a calculated move to boost brand prestige as much as it was a miscalculation in how much interest there was in this collection. Especially in the North American market.