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Prices For Even 'Accessible' Luxury Brands Skyrockets

Average luxury prices are up by 25% since 2019, according to the data company EDITED. But who is going to pay $3,000 on a knit hat shaped like a duck from Burberry or $24,500 on a vicuña jacket by Brunello Cucinelli? "In the past year there have been signs that so-called aspirational customers, who buy entry-level luxury products like cosmetics and spirits, have curbed their spending," per The New York Times. "Middle class professionals who once saved up for a luxury investment handbag or coat have been aggressively priced out."

Read the whole story at The New York Times »

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