Yesterday, the price of Louis Vuitton increased globally. Many people asked in the background where to buy LV is the most cost-effective, which styles are worth investing in, where to buy some hard-to-find styles, etc. I will do a Q&A post on LV today. After reading this, you will not only know the answers to the above questions, but you will also be able to buy bags with more confidence in the future.
One thing to note: the article mentioned All prices include tax, and the tax refund issue will be explained in the end. The exchange rate is based on the selling price of Bank of China banknotes on February 28, the day of price adjustment. How much has
LV increased this time? Where to buy cheapest?
In fact, Louis Vuitton’s price increase this time is not surprising, because as proud as it is, the price increases almost every year, especially the unshakable classics such as Neverfull, Speedy and Alma, which are considered entry-level bags in LV. , but every price increase has their shadow.
Let’s take a look at how much more expensive these classic models are after this price increase, and where to buy them at the cheapest price!
Neverfull
Neverfull is the entry-level style of Louis Vuitton. The price is relatively low among LVs, and the style is very practical, convenient, can be packed, and wear-resistant. If you can’t think of what bag to carry when going out, this bag may be the one you carry easily. Many people also use it as a grocery shopping bag or a mother's bag.
Neverfull comes in three sizes: large, medium and small, and has four basic styles: the most classic Monogram (presbyopia), white checkerboard, brown checkerboard and Epi water ripple material. In addition to Epi leather, the first three are a special canvas. As for the material, don’t underestimate this kind of canvas, because it has a special coating that makes it waterproof, wear-resistant, and very strong. Of course, I personally recommend the classic medium-sized Monogram presbyopia model the most. In order to let everyone see the extent of the price increase, I specially wrote down the prices before and after the price increase:
Looking at the price comparison, Europe (note, most countries in Europe have the same price) The price (excluding the UK) has an absolute advantage, with a difference of more than 2,000 yuan compared to domestic prices; if you can get a tax refund, it will be about 12% cheaper, and you can get it for about 7,000. Looking at the increase in
, the increase in each country is different. Asian countries have a relatively large increase, almost 7%; Europe and Australia have increased very little, less than 5%. It seems that regardless of the absolute advantage or the price adjustment trend, Neverfull still has to be purchased in Europe!
Speedy
It is said that Speedy is LV's oldest bag. It was born in the 1930s. It has evolved to this day and is still producing new models in an endless stream. I like this Boston bag very much. It is very easy to wear. It can be used for work, shopping, etc. Perfect for parties.
Speedy has more styles and sizes. Speedy 25, 30, and 35 are all relatively popular models. There is also the nano size, which is not easy to buy. The old-fashioned model also has the larger Speedy 40. For medium-sized girls, Speedy 25 or 30 is enough. Speedy with shoulder straps is more recommended, which can free up your hands. Comparison before and after price adjustment:
Speedy’s price adjustment range is similar to Neverfull’s, both at around 7%. The price is still the cheapest in Europe, but the price gap of this model is even wider, it is more than 3,200 yuan cheaper than in China! After the tax refund, I can literally buy one more small bag.
Alma BB
Compared with the previous two models, Alma’s bag is stiffer and more stylish, and the shell bag is also more ladylike. The models are only MM (small size) and BB (mini size), but you can’t expect this bag to be too full. There are so many things, just bring some essential items when going out.
Alma has presbyopic models, Epi leather models, patent leather, etc. I recommend the Epi leather for this bag type. With the elegant bag shape, it has a noble and tranquil feeling. When I was studying in the United States in 2013, I saw a friend wearing a gray model, and I thought it was so beautiful! Now there is no gray. The ballet pink on the official website also has a quiet beauty. The prices before and after the price adjustment are as follows:
Among the classic models, Alma has the smallest price increase, only 1.6%. Girls who like this model You can be happy, it’s not too bad to buy this one.
To summarize:
(1) Each style has a different price increase. Among the classic models, Neverfull, Speedy, etc. have experienced a larger increase. In Asia, they have increased by about 7%, while in Europe and Australia, they have increased by less than 5%. Alma's increase was smaller, generally not exceeding 2%.
(2) Comparing prices in various countries, the three classic models are the cheapest in Europe, about 26% cheaper than in China. They can all be purchased within 9,000 yuan with tax rebates. The price in the UK is also good. Asian countries are always the most expensive, especially China and Japan. The United States and Australia also have no price advantage. If it is not convenient to buy in Europe, Hong Kong is also a good choice, which is about 10% cheaper than in China.
These packages can appreciate in value faster than financial products!
just said that the price of LV increases every year, sometimes once a year, sometimes two or three times a year, and the range is different. Calculating it this way, do you know how much these bags will increase in value in 5 or 10 years? It may scare everyone if you say it - at least it's doubled or tripled!
Even if the price is adjusted only once a year, each increase is 7%. In a low-key manner, the return on investment is already higher than that of many conservative financial products, not to mention that sometimes the price rises two or three times a year~
I did it for a day After doing some homework, I found that the following bags have appreciated the fastest in recent years. If you have already bought them or plan to buy them, you will make a profit!
1.Neverfull
Sorry, when it comes to the price increase, I have to mention Neverfull first. It was born in 2007. Although its history and classics are not as good as Speedy, Alma and other styles, its price increase has always been the largest. Since the price became available in 2009, it has been increasing every year.
What do you think the price of the 2009 medium Neverfull is? 435 euros, which was equivalent to less than 3,500 yuan in RMB at the time! At that time, you could buy three to get the equivalent of one now. Neverfull has been slowly rising at an average rate of 10-20 euros twice a year since 2009. By the end of 2013, it had risen to 660 euros, with an appreciation rate of 10.98%!
(*price adjustment omitted after 2014)
Looking at the nine years from 2009 to 2018, the price of the medium Neverfull is now 785 euros, with an annual growth rate of 9.57% in the past nine years. What is this concept? Let me give you an example. Now if you deposit money in Yu'e Bao , the 7-day annualized return is 4.12%. If you store money in Tencent Financial Management , the annualized return is about 4.56%. . The income from investing in a Neverfull is only double that of putting it in Yu'e Bao, let alone depositing it in the bank~
2.Speedy
Speedy, the oldest one, is also unceremonious in its price increase. Like Neverfull, it is rising every year. Never stopped.
Take the presbyopic version of Speedy 25 as an example. In 2009, its price was only 420 euros, which was equivalent to RMB 3,360 at the time. The rapid price increase trend after that is shown in the table:
(*price adjustment omitted after 2014)
In the past nine years from 2009 to 2018, the price of Speedy25 (strapless version) is now 785 euros, with an annual growth rate of 7.2% in the past nine years. Not to mention it is much higher than Yu'e Bao, Financial Management, etc. Even if you invest in some medium and low-risk financial products, you may not be able to reach as high as 7.2% ~
3. Alma
Although Alma's price increase this time is not large, but even if Looking at history, Alma is also a big price increaser.
Take the presbyopic version of Alma PM as an example. From the price I can check, Alma has increased from 790 euros in March 2012 to 1150 euros now. The average appreciation rate in 6 years has reached 6.46%, which is also much higher. For the stable financial products I mentioned above, even if per capita income and CPI are also rising, I'm afraid they are not so fast!
4. Noe series bucket bag
LV’s Noe bucket bag is also a bag with a long history. It is said that it was born in 1932 before my grandfather was born. It was originally designed to hold champagne. It is also one of the few classic models that has never been removed from the LV official website, but it is slightly more low-key than classic popular models such as Speedy and Neverfull.
The price of this bag in 2012 was 820 euros, which can be purchased for less than 5,000 yuan; but after the price increase this time, it is already 1,140 euros, with an appreciation rate of 5.64%, which is also higher than the annualized income of Wealth Management, Yu'e Bao, etc. Much higher.
If you say that the above four models are all classic models of Louis Vuitton that are relatively old, and the prices should increase every year, I am afraid that you are only partly right. Indeed, these time-honored classic models have either been discontinued, but those that are still on sale are seeing price increases. In recent years, relatively new hot-selling models such as square boxes Petite Malle, Capucines, Twist, briefcases Pochette Metis, etc. have basically not increased because their prices were relatively high soon after or when they were launched. For example, the price of this briefcase, which was launched in 2017, has been adjusted once and increased by 400 yuan.
However, there are still models that are younger and have a steep price increase, and the price increase is even greater than the Neverfull. Which one do you think it is?
5. Palm Springs Backpack
Pair, this is the super popular Palm Springs backpack, especially the mini size. Anyway, it is hard to find a pack in the cabinets at home and abroad. You have to rely on luck to buy it.
This bag was only launched in 2016. At that time, the price at domestic counters was 11,400 yuan, which was not expensive. However, its popularity and the market situation of short supply made its price soar. After this price adjustment, the price at domestic counters has It’s 14,400 yuan, and the appreciation rate is as high as 12.39%, which is better than the several bags introduced before! It’s already a sure win over ordinary fund stocks, right~ (The fund I bought last year lost 15%, and I almost fainted in the toilet without crying, so I might as well have just bought one).
Some final thoughts
Finally, based on my personal bag buying experience, I would like to share with you some tips on buying LV bags.
1. Tax rebate is a very deep knowledge
The previous price comparisons did not take into account the tax rebate factor, but defaulted to the same price in Europe. One is because many people’s passports cannot be refunded (long-term residents, international students, etc.), and the other is that the tax refund gap is too deep! There are differences in tax rates between different European countries and even different cities. Even in the same city, different tax refund agencies refund different taxes, and the difference in tax refunds between airports and urban areas is even greater! If I elaborated on it, I might be able to write an article. Do you want to see it?
Based on my personal experience, unless it is a particularly hard-to-find style, just buy the general style at the airport if you can buy it at the airport. The price is directly tax-free, and there is no middleman to make the difference. Not to mention how cool it is! For example, at the airport in Rome, Italy, there is a direct tax exemption of 22%! But unfortunately, there is no LV there. As for which airports have LV and are very cheap, please leave a message and tell me ~
In addition, it is said that buying in Spain is also very cost-effective. First of all, the tax refund is at the lowest point. You can get a tax refund if you spend 90 euros or more, unlike Italy, which costs about 150 euros. You can get a refund, but in France you have to buy over 175 euros before you can get a refund; in addition, the customs is relatively loose, and some international students can successfully get tax refunds with their passports.
2. Just buy some popular models when you see them. You may not necessarily be able to buy them in Europe.
Although LV has an absolute price advantage when buying in Europe, some popular models are really difficult to buy. For example, the Palm Springs super mini backpack I just mentioned. I went to Italy on November last year and visited almost every counter in Milan, Rome, Florence, and Venice ! without! have! And when I asked about the style, the words given to me by the store clerk were very consistent - you can never buy "Never" ~ , and it is difficult to buy it in the whole of Europe!
Later, my colleague accidentally bought at Shilla Duty Free Shop in Seoul, South Korea, and the counter lady said that two of them had just arrived! Although the price is not an advantage, you are lucky to be able to buy this rare model.
’s other models may not be that popular, but they are actually quite difficult to buy. For example, I visited no less than 8 counters in Italy for the red Cluny MM size, but I couldn't find it. But after returning to China, I found it in Hong Kong.
Of course, it also depends on the time of going to Europe. If you happen to catch up with a crowded holiday (mainly National Day, Spring Festival, summer vacation) and go to a crowded place (France, Italy, London, Spain), then don’t I have high hopes for the popular model. On the contrary, classic entry-level models like Neverfull and Speedy are easier to buy, and counters have more stocks.
The above are dedicated to friends who like Louis Vuitton. Don’t panic when the price increases. It is a waste of money not to buy the style you like! Although women don’t need to look at anyone’s face when buying a bag, but if your men or husbands dare to have any objections to your buying a bag, please tell them that you are managing your finances rationally!
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