A new price increase at Louis Vuitton

2021 is almost coming to an end, time has flown by. New seasons are starting, we are heading towards the cold winter, and secretly looking forward to the most wonderful time of the year, Christmas! We start looking and daydreaming about the most beautiful gifts (tip for Santa: Louis Vuitton bags) for under the Christmas tree...

In this blog, as the title says, not exactly news to get excited about. Louis Vuitton has announced its second price increase in 2021 (Oh My God), an annoying but at the same time interesting announcement for Louis Vuitton fans and buyers. Which makes us wonder, will there still be a Louis Vuitton bag under the Christmas tree that we've been dreaming about all year? Or is this the right time to finally go for it and stay ahead of the next price increase? Is it time to expand your designer collection by investing in a beautiful bag from the iconic fashion house? For people who were ahead of the previous price increases, this is fantastic news that their (vintage) designer treasure has only become more valuable. If you are interested in more information about Louis Vuitton's first price increase in 2021, you can read all about it in the previous blog. Okay, let's get started, are you ready? Because I don't think we're quite ready yet. 

The Louis Vuitton price increase everyone is talking about right now

Now that Louis Vuitton's second price increase in 2021 is a fact, we are very curious about the exact reason. We are all still dealing with the corona crisis unfortunately. Due to the corona measures, Louis Vuitton was obliged to close its stores worldwide for a while. You would think they went through a rough patch because of this. Could this be a reason for the price increase? This is not the case. Louis Vuitton has very different reasons for the October price increase.

In addition to the effects of the corona crisis, we have also known for a long time that the prices of luxury items have been rising for years, which unfortunately is nothing new. 

There are several factors of the price increase. Raw materials, shipping, labor, but most importantly; scarcity. Louis Vuitton items are becoming less and less affordable, this ensures a certain exclusivity and this is exactly where the fashion house wants to go. Apart from the high prices, many items are not available online. One reason for this could be to lure everyone to the physical store. And this works: every Louis Vuitton store has a line all day. 

But after rain comes sunshine (read: vintage Louis Vuitton). That's why we made a list for you to find out if your favorite item has increased in price and what you pay for a vintage piece in our store. 

Let's take a look at the Louis Vuitton price increase of October 2021...
(The prices are shown in Euros)

As we always say, bags come and go, but vintage stays forever. Now, prices are rising faster and continuing to rise. Finally, it can be an interesting choice to invest in your dream bag! Now that the prices are quite high, the best solution for you may be to buy a vintage designer bag, then you have come to the right place!

We as a team Etoile luxury vintage are happy to help you on our online platforms or welcome you in one of our three physical stores in the center of Amsterdam. Also take a look at our website and start shopping your favorite Louis Vuitton bag. Now you're ahead of the next price increase, lucky you!

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With love,

Melanie and Millie