When it comes to luxury fashion brands, Louis Vuitton and Gucci are two of the most iconic names in the industry. But which one is more expensive? Let’s take a closer look.
History of Louis Vuitton and Gucci
Louis Vuitton was founded in 1854 by a French businessman named Louis Vuitton. The brand started out as a luggage manufacturer, but eventually expanded into other areas such as handbags, clothing, and accessories.
Gucci, on the other hand, was founded by an Italian businessman named Guccio Gucci in 1921. Like Louis Vuitton, the brand started out as a manufacturer of leather goods but later expanded into clothing and accessories.
Louis Vuitton vs. Gucci: Which Is More Expensive?
When it comes to pricing, both Louis Vuitton and Gucci are known for their high-end products that come with hefty price tags. However, on average, Louis Vuitton is more expensive than Gucci.
One reason for this is that Louis Vuitton has a higher brand value compared to Gucci. In fact, according to Forbes’ list of the world’s most valuable brands for 2021, Louis Vuitton is ranked at number 19 with a brand value of $47.2 billion while Gucci is ranked at number 77 with a brand value of $14.6 billion.
Another reason why Louis Vuitton is more expensive than Gucci is because of its exclusivity. Louis Vuitton produces fewer products compared to Gucci and they also have stricter distribution policies which means that their products are not as widely available as those of Gucci’s.
Price Comparison: Bags
To give you an idea of the price difference between the two brands, let’s compare the prices of their most popular handbags.
- A Louis Vuitton Speedy 30 costs around $1,000 while a Gucci GG Marmont Small Matelassé Shoulder Bag costs around $1,980.
- A Louis Vuitton Neverfull MM costs around $1,500 while a Gucci Ophidia GG Flora Small Shoulder Bag costs around $1,980.
As you can see, Gucci’s bags are already quite expensive but they are still slightly more affordable compared to Louis Vuitton’s.
Price Comparison: Accessories
Aside from bags, both Louis Vuitton and Gucci also offer a wide range of accessories such as wallets, belts, and sunglasses. Let’s take a look at the price difference between the two brands when it comes to these items.
- A Louis Vuitton Zippy Wallet costs around $1,100 while a Gucci GG Marmont Matelassé Zip-Around Wallet costs around $730.
- A Louis Vuitton LV Initiales 40mm Reversible Belt costs around $675 while a Gucci Leather Belt with Double G Buckle costs around $450.
- A pair of Louis Vuitton Evidence Sunglasses costs around $750 while a pair of Gucci Aviator Sunglasses with Web Detailing costs around $505.
Once again, Louis Vuitton’s accessories are generally more expensive compared to Gucci’s.
Conclusion
In conclusion, both Louis Vuitton and Gucci are luxury fashion brands that offer high-quality products with hefty price tags. However, on average, Louis Vuitton is more expensive than Gucci due to its higher brand value and exclusivity. Whether you prefer one brand over the other ultimately comes down to personal preference and budget.