There is no straightjacket answer to how much Louis Vuitton bags cost because the price continues to increase every year, and is determined by the material used in creating the bag model that you intend to purchase.
Advertisements
However, knowing the average cost or general price range of LV bags will help you budget right when going to their website or visiting their retail store.
At the beginning of 2022, most Louis Vuitton bags made from top-quality canvas and leather cost between $1,200 and $6,000, while bags designed with exotic skins like crocodile and lizard handbags cost around $12,000 to $36,000.
Advertisements
This was not the price it was sold for in past years. For example, the LV Neverfull bag could be purchased with $1,000 or less in 2002, but today, expect to shell out between $1,500 to $2,500, depending on the size, to buy them in their limited season prints.
Louis Vuitton bags are classified as luxury brands. One of the major reasons why they are expensive is the meticulous process of craftsmanship meted for each product.
The fashion powerhouse produces its bags in France and has refused to outsource any of its manufacturing to less costly locations, unlike other similar companies.
Once you have an idea of the general price ranges of the Louis Vuitton bags, it would be easier to earmark an estimate on how much it would cost you to get your favourite LV bag model. We will now narrow down to some of the brand’s popular bag styles and their current price range in 2022 based on retail price:
LV Bag Style
Price range
Speedy
$1,160 to $2,630
Neverfull
$1,460 to $2,490
City Steamer
$3,500 to $4,950
OnTheGo
$2,630 to $5,300
Capucines
$4,800 to $8,850
While Louis Vuitton bag prices are known to be high-end, there are some affordable options that those on a budget can purchase without batting an eyebrow.
Advertisements
What is the cheapest Louis Vuitton bag?
It is hard to find an authentic Louis Vuitton bag that will not cost an amount to ponder on if you are on a budget. However, LV bag models manufactured under the Speedy Canvas style are considered to be the most affordable among the brand’s bag merchandise.
This is because, on average, these styles run from around $1,100 to $2,000 which should be the highest a Speedy canvas of the Louis Vuitton could be sold for today.
Advertisements
What is the most expensive Louis Vuitton Bag?
Expect to pay anywhere around $3,000 to $6,000. if you want to buy any of the most expensive Louis Vuitton bags on the market today. A good example of this category is the 1854 Onthego GM bag model.
As with most brands, Louis Vuitton vintage bags and designs tend to cost more. However, there are newer styles that still fall under this high-end pricing class such as the LV All Set bag model.
Despite this, some buyers do not want to settle for the cheapest original LV bag, but at the same time don’t want to break the bank buying a fashion piece. If this is you, then you should beam your searchlight to LV bag models like Spring Street and Louis Vuitton Pallas MM.
These two models are moderately priced Louis Vuitton purses that fall between the cheapest and the most expensive.
Advertisements
What makes LV bags expensive?
I have cited earlier that the process and material involved in producing luxury bags like Louis Vuitton are what makes them expensive. There is more to these. The factors that make LV bags expensive are reasons why you wouldn’t want to make it an opportunity cost for less expensive brands.
For one, all LV bags and purses are manufactured in France, Spain, and Italy, unlike other designer bags that take their production process to cheaper manufacturing countries such as China and some Asian destinations.
Also, LV bags are in high demand. And the simple law of business says that the higher the demand and less supply, the higher the price.
Remember, that the company strictly prioritizes the quality of materials and workmanship which is expected to reflect on the overall cost of purchasing the bag. I have summarized the reasons behind the high cost of Louis Vuitton bags into these 5 factors:
Their reputation
High Resale Value
Craftsmanship
Long-lasting
Receptive client base
Their reputation
Louis Vuitton has been in the leather and handbag business long enough to know the ropes. The luxury brand has expanded globally and recorded more than $10 billion a year. The company has also succeeded in extending its tentacles into other niches like womenswear, menswear, shoes, jewellery, perfume, and more.
Advertisements
All these constitute the force of the brand which is one to reckon with. Plus, the company’s relationship with renowned art directors like Nicolas Ghesquière.
Louis Vuitton’s prestige as a brand is a major factor in why LV bags’ pricing is top-tier.
High Resale Value
We have stopped seeing many Louis Vuitton bag styles in the market because the brand has halted the production of these styles to create exclusivity while raising the cost of getting those peculiar designs.
On the side of buyers, the benefit of this is that, when you eventually buy those exclusive bags, you will likely enjoy a fantastic return on investment when you want to resell.
If you have a vintage LV bag in your closet that is in vogue and want to sell it, you could sell it well above the original retail price.
Advertisements
Craftsmanship
Aside from historical heritage and prestige, craftsmanship is what defines the reputation and quality of any Luxury bag brand. Louis Vuitton prides itself on expert craftsmanship with bags assembled in France, Spain, and the United States. This is another reason their bags do not come by very cheap.
Since they invest in high-quality raw materials such as canvas, leather, and exotic skins. It is expected that everything that has gone into production reflects on the price of their goods.
Long-lasting
The performance of most LV bags is unmatched. Given the meticulous attention put into craftmanship, it is no surprise that their bags last very long.
Luxury bags that have been built to stand the test of time are not priced very low. For instance, LV bags feature canvas-coated bags – a material that will not ruin anytime soon.
Receptive client base
The famous monogram logo on every LV bag can be easily identified. The brand is beloved by celebrities for many years now. LV has always been afloat which gives them the right environment, and receptive clientele to buy their high-end-priced bags.
But the real deal is, no matter how much you are willing to splurge to get any LV bag, is it worth it? To put things in perspective, you’d want to know whether it can stand the test of time, excellently serve the purpose for which you are buying it, and then whether there is another brand option that offers the same qualities for a lesser price.
Most people in the retail business of authentic luxury bags will likely agree that the price for a Louis Vuitton is considered well worth the money because there is no lag in promised quality, and then the high resale value makes it double as an investment.
Where can I buy authentic LV Bags?
To avoid falling victim to counterfeiters, you should stick to making a purchase of your dream LV bags via the brand’s official website. Alternatively, you could walk into any nearby LV boutiques or high-end department stores.
Luckily, authentic Louis Vuitton bags are now available on online shopping platforms like Amazon, allowing for shipping and delivery to the doorstep.
The price of Louis Vuitton bags is not static because it increases every year. However, the average cost of a Louis Vuitton bag is between $1,100 to about $6,000 depending on the model and material used. Also, exotic leather LV bags can cost as high as $10,000 to $100,000, especially those made from crocodiles and pythons.
With these variations in mind, we have been able to look at why Louis Vuitton bags cost so much, the actual cost of popular LV bag styles in 2022, as well as where to get authentic Louis Vuitton bags.
I hope you found this helpful, then don’t forget to share it with a friend who is planning to get a new LV bag.
