Luxury prices such as Burberry, Gucci and other brands have went down but definitely not VCA.Anyone speculate that there could be a price decrease? Last price decrease for VCA was in 2017, under a certain U.S. president. VCA claimed the price drop was from lack of demand. A perlee bangle peaked at $29k and dropped to $25k that year.
Given the import tariffs coming up with same said president next month, could luxury prices go down since the next four years will be difficult per Elon Musk? I heard retailers for common goods are stocking up based on these tariffs.
I just wonder since prices have been pretty crazy across luxury goods including Chanel over the years in the U.S.
Even if they adjusted it down which they won't, the tarrifs would still make it more expensive than today.
Gold prices are breaking records, material and production costs will only go up.