This is a little bit on never full.

My estimate for leather is going to be $100,

$100, accessories, and assembly. I give it about $160 to put this back together.

In total, it shouldn't be more than $260 to make a bag similar to this one. I paid little over $2,700 for this bag.

That's a guy who goes by the name Tanner Leatherstein on the Tiktok.

He's a craftsman with a self-described lifelong love of leather.

Same, Tanner.

And in the video clip that you just heard, he was mercilessly taking a pair of shears to a

Louis Vuitton bag that retailed for $2,700 and he was assessing the material.

How much is this really worth?

$260, he concluded, deducing the brand charged 10 times its own cost to manufacture it.

Now, many of you hearing this are probably thinking one thing.

Ah, I knew it, luxury goods are a total rip-off.

What kind of moron would spend that much money on a handbag.

But if you've been around this moron for a while,

you know that I spent $1,300 on the Louis Vuitton Neverful

approximately eight minutes after receiving my first full-time job offer?

Yeah, not my first paycheck.

The offer.

Your girl has come a long way

But this world of status symbols is incredibly rich no pun intended with complicated rules and psychological layers.

Humans are status signaling animals. We make aesthetic choices all the time and commit money

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