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Prof. Thomaï Serdari discusses the market for luxury handbags

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Excerpt from Marketplace -- “'There is a constant exchange in a very small group of people who tend to actually increase the prices,' Serdari says. 'We have alligator bags that have hit the market that go as high as $130,000, which is absurd.' Soaring prices are driven by a strong demand from luxury consumers in Asia, Serdari says."

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