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Status and fashion are intrinsically linked.

people have Luis vuiton branded stuff because it was a status brand. It was a status brand because it was exclusive. it was exclusive because it was expensive.

BMWs used to be exclusive, only executives would drive them. THey were expensive, so were only given to execs (if it was a company car) or bought because execs had more cash (generally)

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If there ever was a time when a BMW 700 was presented to an executive as symbol of their status, then that was also the time for them to start looking for a new gig.
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If I read you correctly, you are both arguing with me and in my favour.
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The two are inexorably related
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Not really. There's quite a few luxury brands for (actual) rich people out there that you can't tell because they're super discrete and can't notice unless you know what to look for and look super close, because they don't have large gaudy logos plastered everywhere to attract looks and envy from the peasants. Those are aren't chasing status looks because they have actual status. LV handbags are for poor people to signal they can fake status by being bad with money.
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I think you're mistaken
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potato potato
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