Yahoo Finance 6 Luxury Stores Only Rich People Buy From
When it comes to luxury shopping, there exists a select group of stores that cater to the elite and offer products accessible to only those with substantial financial means.
Learn More: Luxury Living on a Budget: 6 Tips for the Upper Middle Class
Read Next: 6 Genius Things All Wealthy People Do With Their Money
While names like Gucci, Hermes and Versace may immediately spring to mind at the mention of “luxury”, there exists a more understated collection of fashion brands that cater exclusively to the affluent. These discerning buyers prioritize quiet luxury and understated elegance over flashy labels and big names. This discrete realm represents the very pinnacle of quality, where price tags soar into the six-figure range.
Though the depths of their pockets may exceed what many can fathom, those seeking to unveil some of the most coveted luxury brands have come to the right place.
Sponsored: Owe the IRS $10K or more? Schedule a FREE consultation to see if you qualify for tax relief.
Loro Piana
For clothing aficionados with deep deep pockets and a weakness for comfort, Loro Piano stands out as a beacon of indulgence. Renowned for being the largest cashmere manufacturer, this Italian clothing and textile brand caters to luxury shoppers seeking more than just garments–but exclusivity and prestige.
“With dress shirts exceeding $1000 and jackets surpassing $5000, Loro Piana provides unparalleled quality and a mark of elite distinction,” said Hugo Guerreiro, founder of the Flop In Style, a men’s fashion website created to inspire, educate and elevate men’s style.
“The use of premium materials such as cashmere, virgin wool and silk, along with meticulous craftsmanship that values every detail, contributes to the elevated cost,” Guerreiro continued. “It’s not just a purchase; it’s an investment in quality, luxury and the exclusive perception associated with the brand, and people who have money, know that.”
Discover More: 7 Popular Clothing Brands the Middle Class Can’t Afford Anymore
Launer London
Simple, timeless and sophisticated in style, it’s no surprise that even Queen Elizabeth II herself was drawn to the iconic handbags created by Launer London. This esteemed British leather goods brand has stood the test, reserved for its commitment to high-quality products that epitomize slow fashion and understated luxury.
“As makers of Queen Elizabeth II’s popular top-handle purses, Launer offers a unique bespoke experience for your dream customized bag, from classic calfskin to exotics,” said Yenia Hernández Fonseca, stylist, luxury fashion expert and contributor to Margo Paige.
“Expect nothing but the best raw materials used to build a luxury heirloom keepsake. Prices start at $1,550 and can go up to $11,200, depending on the chosen leather and hardware. Craftsmanship, British heritage, understated design and Launer’s Royal Warrant appointment in 1968 make the house so recognized and appreciated.”
Massaro
With the financial freedom to invest in tailor-made footwear, wealthy shoppers have long been customers of Massaro, a revered French bootmaker, famous for its originality, timeless design and artistic vision.
From transparent pumps to bejeweled heels and cork platforms, this designer isn’t afraid to play with mixed media to create truly unique pieces. Every show crafted by this bootmaker is a labor of love, with each pair taking 35 to 60 hours to complete.
“The Parisian bootmaker is famously known for creating Chanel’s popular two-tone slingback pumps,” said Fonseca.
“Upon scheduling a showroom appointment consultation at Massaro, you’re met with a shoemaker who guides you into creating your own shoe design based on your accurate foot measurements and personal preferences. From prototype to final meeting, your shoemaker assures an exceptional experience. Prices for women start at $6,000, while men’s footwear prices begin at $7,730, approximately.”
Moda Operandi
Have you ever wanted to own the latest runway pieces straight from the catwalk? Thanks to Moda Operandi, that dream is a reality. Founded in 2010, this e-commerce platform allows luxury enthusiasts to secure designer clothing directly from runway shows, bridging the gap between fashion seen on the runway and the options available in stores.
“Instead of following the traditional retail calendar, Moda allows its customers to preorder looks directly from designer ‘Trunkshows’ right after their just-walked runway shows,” Fonseca said.
According to her, “Their pre-order model gives the customer first access to next-season collections including fashion, jewelry, beauty, home and experiences from highly coveted brand and industry trailblazers. Prices vary from one category to the next, so expect to find anything from stunning lipsticks priced at $28 and $200,000 fine diamond necklace to one-of-a-kind vintage finds.”
Clive Christian
For the ultra-wealthy, settling for anything less than extraordinary is simply not an option — especially when it comes to scent. Clive Christian dominates the realm of luxury perfumery, offering rich, complex scents composed of natural ingredients. Notably, Clive Christian No. 1, holds the title of the world’s most expensive perfume, serving as the ultimate status symbol.
“The luxury British perfume house creates some of the world’s most exquisite and timeless fragrances for women and men,” Fonseca said. “With origins in the Crown Perfumery Company established in 1872, each Clive Christian creation is packed in their house-signature gold crown bottle after the iconic crown of its most famous customer, Queen Victoria.”
Prices begin at $300 for a three-piece 10ml traveler set and escalate to $228,580 per ounce for the No1 Passant Guardant, which is encased in an exquisite crystal bottle adorned with diamonds and 24-carat gold latticework, according to Fonseca.
Tiffany & Co.
From necklace prices starting at $200 and engagements reaching up to $1,000,000, Tiffany & Co. offers jewelry tailored to discerning audiences seeking pieces that transcend trends and will stand the test of time.
“Tiffany sells timeless, sophisticated diamond jewelry with some rings ranging from thousands to over a million dollars,” said Nathan Jacobs, senior researcher at The Money Mongers, Inc.
“The elevated pricing at these esteemed brands reflects the top-tier materials, meticulous craftsmanship, reputation and product exclusivity that luxury buyers desire,” continued Jacobs. “Their commitment to quality and rich histories distinguish them as purveyors of unique, coveted merchandise unmatched elsewhere. The price tags afford access to the pinnacle of exclusivity.”
More From GOBankingRates
Social Security: Can Debt Collectors Garnish Your SSI Payments?
5 Things You Forgot To Do With Your Money in 2023 (and How to Do Them in 2024)
This article originally appeared on GOBankingRates.com: 6 Luxury Stores Only Rich People Buy From
