Not all quality is immutably linked to price, but in the case of Hermès, they continue to manufacture in France, by artisans who produce the entire product. They don't use an assembly line, and the materials are top-of-the-line. For example, to make a crocodile bag, the animal must live many years due to the size of the piece of leather needed, and only the belly is used. So, getting an adult crocodile belly that doesn't have any scars is as difficult as getting a piece of briar that produces 360-degree straight grain. The price issue, as always, is relative. I suppose they're made for people for whom $40,000 doesn't make a dent in their wealth. The problem is the middle classes becoming obsessed with these products. In any case, it's not in the same category as LV, which are industrial products at an astronomical price.