Prof. Thomaï Serdari discusses the market for luxury handbags
August 27, 2013
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."