# Prof. Thomaï Serdari discusses the market for luxury handbags

1 Faculty News August 27, 2013 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/topics/business/louisiana-alligator-hunters-set-reel-profits) -- “'There is a constant exchange in a very small group of people who tend to actually increase the prices,' [Serdari](http://www.stern.nyu.edu/faculty/bio/Thomai%20Serdari) 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."

[Read more](http://www.marketplace.org/topics/business/louisiana-alligator-hunters-set-reel-profits)