That was my first thought. You pay for the name, so they thieves really got about $50 worth of leather, fabric and metal clasps, but can’t steal the brand which is 99% of what’s people pay for an those stores.
Even though the cost of materials, "$50 worth of leather, fabric and metal clasps," it is the value people place on them. Louis Vuitton, who produces those handbags, makes works of art in the fashion world. Another artist, with a few bucks for the canvas, a few colors out of his paint supply and a little wear on his paint brushes produced this in 1932:
Cost: $155 million in 2013