The Imminent Death of Luxury — Transcript
Full transcript
- 0:00The luxury industry is in such deep
- 0:03right now. Like even before the tariff
- 0:06thing started, the last 12 months by the
- 0:09industry have been dubbed the great
- 0:11luxury slowdown. And then the tariffs
- 0:13did hit, everybody started to panic and
- 0:16those goofy Tik Toks went viral. All of
- 0:18it's made in China, bro. During the last
- 0:2115 years, the luxury fashion industry
- 0:23has gone mainstream. The increased
- 0:25amount of money, the presence of the
- 0:26internet, and just a larger number of
- 0:28eyeballs has changed the industry in a
- 0:30massive way. Runways are a lot more
- 0:33theatrical than they used to be.
- 0:35Designers are expected to be
- 0:37worldbuilders, much more so than in the
- 0:39past, and the number of ways that we can
- 0:41engage with a fashion brand has
- 0:43increased. Miumu will sell you books
- 0:46occasionally. Uh Christian Dior wants to
- 0:48sell you overpriced cappuccinos. Mesa
- 0:50Margela did a crypto thing at one point.
- 0:53and Balenciaga made a very strange video
- 0:55game. During luxury's rise to the
- 0:58mainstream, there have been two primary
- 1:00camps of commentary. One is asking what
- 1:03even is luxury? Like if we get really
- 1:06specific, what does or does not qualify
- 1:08as luxury? The other camp doesn't really
- 1:11care what the definition of luxury is.
- 1:13It just knows that at some point very
- 1:15soon, the luxury industry is going to
- 1:17collapse completely. Let's focus on the
- 1:19collapse first. Critics vary in how they
- 1:22think the luxury industry is going to
- 1:23collapse, but all things equal, the the
- 1:26predicted collapse is pretty easy to
- 1:27explain. The logic goes like this.
- 1:29Luxury companies are like pretty much
- 1:32every other company in that they are
- 1:34driven by profit and growth. Most of the
- 1:37household names of luxury are publicly
- 1:39traded even. So that push for profit and
- 1:41growth is even stronger than it would be
- 1:43at like a little mom and pop shop
- 1:45company, right? Okay. So, luxury
- 1:47companies, whether they're in fashion or
- 1:49booze or cruises or popsicles, all
- 1:52luxury companies essentially offer the
- 1:54same
- 1:56thing. Specialness. That That sounds
- 1:59horrible on camera, but I mean, you
- 2:02understand what I mean, right?
- 2:03Specialness. That's That's what they
- 2:04give you. You said you need a wallet.
- 2:07All right. This way, Miss We have such a
- 2:09special wallet for you. Do you need a
- 2:11jacket? Wait until you see this jacket.
- 2:14Do you need decorative bars of soap for
- 2:16your guest bathroom? Well, we have
- 2:17decorative bars of soap that are going
- 2:19to kick your dick off. Okay, so the
- 2:21luxury fashion industry creates special
- 2:23things, right? Okay, so the people that
- 2:25are predicting that luxury is going to
- 2:26have this massive collapse and downfall
- 2:28would say that specialness and profit
- 2:31and growth that these things can't
- 2:33coexist for forever. They predict that
- 2:36at some point, maybe even here in the
- 2:39present, the once special offerings of
- 2:42luxury brands will be quietly replaced
- 2:46with injection molded plastic [ __ ] If
- 2:49that was true, then like once the secret
- 2:51gets out, everybody's been tricked.
- 2:53Luxury is a myth. There can be no luxury
- 2:56industry after that. If you're new here,
- 2:58hi. My name is Bliss. That's my wife
- 3:00Daniela behind the camera. We are
- 3:02independent fashion critics. Every
- 3:04season we fly out to Paris for fashion
- 3:06week and cover it in just unbelievable
- 3:10detail. We have dedicated our careers to
- 3:12documenting, studying, and analyzing the
- 3:15work of contemporary fashion designers.
- 3:17We conduct interviews with them. We
- 3:19attend more runway shows than any other
- 3:21critics or journalists in the industry.
- 3:24And we spend every waking minute
- 3:27thinking about clothes. If you haven't
- 3:29seen Work by Us before, I strongly
- 3:31encourage you to subscribe. And I
- 3:32especially encourage you to subscribe if
- 3:34you're not really like a fashion person.
- 3:37I feel like the industry has done a
- 3:39terrible job of marketing itself to
- 3:42people who are not already obsessed with
- 3:43it. And while there is definitely some
- 3:45hilariously bad fashion design out
- 3:47there, there's also some really
- 3:49beautiful and kick-ass stuff that is
- 3:51absolutely worth seeing. I did feel like
- 3:53we needed to like offer some context as
- 3:55to our qualifications about this before
- 3:57we actually talk about it. And now I'm
- 3:58sure everybody is just like, "Wow, he's
- 4:00a fashion critic. That's crazy. Oh my
- 4:03gosh, so cool." Okay, so in order to
- 4:05understand where the luxury industry
- 4:07might be going, we need to go back
- 4:09before the mainstreamification of the
- 4:11luxury industry. Gear shift time. You
- 4:13know how like a lot of people are really
- 4:15mad at Elon Musk right now? Well, none
- 4:18of you are as mad at Elon Musk as this
- 4:20guy who used to be the richest man in
- 4:22the world and is now the fifth richest
- 4:24man in the world. WW. His name is
- 4:27Bernard Arno and he has changed the
- 4:29fashion industry more than any designer
- 4:32could even think about changing it.
- 4:34Bernard owns a multinational
- 4:36conglomerate called LVMH. A
- 4:39multinational conglomerate is basically
- 4:41just a company that owns a lot of other
- 4:43companies. LVMH stands for Louis Vuitton
- 4:46Moet Hennessy, but really they're being
- 4:49modest because LVMH owns or owns stake
- 4:51in a metric [ __ ] ton of companies. I am
- 4:55gonna way oversimplify things here, but
- 4:57when Bernard Arno was acquiring or
- 4:59acquiring majority stake in most of
- 5:01these companies, they were in a really
- 5:03bad place financially. The the luxury
- 5:06business was very different at that
- 5:07time. Selling ultra nice products to
- 5:09ultra wealthy people was a great
- 5:11business model around the year like
- 5:131900. But as you get up into the 1980s
- 5:16and the 1990s, it's not working so well.
- 5:19So, Bernard Arno introduced a new
- 5:21strategy. And there are two parts of
- 5:22this strategy that are relevant for this
- 5:24video. The first part is that they were
- 5:26going to focus on products that were
- 5:29very expensive, but that most people
- 5:32could technically afford. Like an
- 5:34example here in the present would be
- 5:36that most American adults could
- 5:38technically through cash or credit
- 5:40afford an $800 t-shirt or a $90 tube of
- 5:44lipstick. Train. Pause for train. Ladies
- 5:48and gentlemen, the train
- 5:54Now, it's probably not responsible for
- 5:56most people to do that, but it's not
- 5:58like a Ferrari or like a beach house in
- 6:00the Maldes where it's like, I don't even
- 6:02know how I would come up with that
- 6:04quantity of money. Like, most folks,
- 6:06even if it's irresponsible, can push
- 6:08together a couple hundred for some Gucci
- 6:09slides, right? How do three grown men
- 6:11not have $800 between them? When people
- 6:14use the term the great luxury slowdown,
- 6:16they are referring to fewer people
- 6:18participating in this business model.
- 6:20There are fewer people spending a few
- 6:22hundred on small luxury items. The
- 6:25second part of Bernard Arno's strategy
- 6:27is the hype machine. I really like this
- 6:29part. Bernard saw that the runway
- 6:32presentations at famous Parisian fashion
- 6:34houses like Christian Dior and Gioveni
- 6:37that they were losing a ton of money.
- 6:39And as a good businessman, of course, he
- 6:41would want to cut out the part of the
- 6:43business that makes no money but costs a
- 6:45lot of money, right? No. Importantly,
- 6:48Bernard did not care that the runway
- 6:50shows lost money. He considered that to
- 6:52be part of their advertising budget. In
- 6:55fact, he wanted those runway shows to
- 6:56get bigger, louder. He wanted to spend
- 6:58more money on them. He even hired young,
- 7:01controversial fashion designers to do
- 7:03the work at these historic houses. You
- 7:05may have heard of some of them,
- 7:06Alexander McQueen and John Galliano. To
- 7:09create hype and newness at these fashion
- 7:11houses, Arno made these brands places
- 7:14where the audience would come to see
- 7:16radical artistic statements. Runway
- 7:19shows were not for shopping anymore than
- 7:21walking through a museum is shopping.
- 7:23Are no positioned runway shows as a
- 7:25place where the audience could dream and
- 7:29feel. The audience who watches a
- 7:31recording of a runway show or or goes to
- 7:33attend one in person should walk away
- 7:35having had a moving emotional experience
- 7:39similar to a great movie or a great
- 7:41stage play. Shout out Dana Thomas, one
- 7:43of the greatest fashion writers of all
- 7:45time. If you want to hear more about
- 7:47that story generally, you should read
- 7:48Deluxe: How Luxury Lost Its Luster. It's
- 7:51fantastic book and Dana is such a nice
- 7:53lady. I've talked to her a few times.
- 7:54She's really cool. But do not read that
- 7:56book yet because I really want to
- 7:57emphasize something.
- 7:59What what is the actual definition of
- 8:02luxury? I want you to hold it in your
- 8:04head. If you if you have a preconceived
- 8:06definition of what luxury is, write it
- 8:08down. Hold it in your head very
- 8:10purposefully because it's going to
- 8:12become important later. Second question,
- 8:14do you personally own a luxury item?
- 8:18Like, do you own something that someone
- 8:20else, a stranger, would look at and say
- 8:22objectively like, "Oh my goodness, how
- 8:23luxurious. Wow, that's very nice." If
- 8:25you don't own something that is like
- 8:27objectively luxurious, do you instead
- 8:29maybe own something that is luxurious,
- 8:31but that luxury is only known to you and
- 8:34maybe a few others? Like this would be
- 8:37something like um your father's battery
- 8:40powered watch that only is worth maybe
- 8:4245 bucks, but is important to you
- 8:44because it belonged to your father or
- 8:46maybe a quilt that your grandmother made
- 8:49or maybe just a photograph of a loved
- 8:51one that is no longer with you. I own
- 8:55something like that. This is a small
- 8:57chicken figurine that is made out of
- 8:59carved stone. The texture of the stone
- 9:01is incredible and the weight of the
- 9:03whole object is really pleasing in the
- 9:06hand. My dad got this for me when he was
- 9:08traveling for a job that he had around
- 9:10the time that I was born. My father quit
- 9:12that job because it required him to
- 9:14travel internationally so much and he
- 9:16wanted to devote more time to being
- 9:18present as a dad. My father loves
- 9:21traveling and he really loved doing the
- 9:23work that he was doing. Like for my dad
- 9:25to give up that job was a huge
- 9:27sacrifice, but my brothers and I have
- 9:29benefited enormously from having our dad
- 9:32home with us every night when we were
- 9:33growing up. Is that luxurious? Because
- 9:36monetarily it's worthless. Like if I
- 9:38gave it to someone else, even if I
- 9:40explained that story to them, it mostly
- 9:43I think would still be worthless. The
- 9:45definition of luxury is inherently very
- 9:49slippery. It means different things to
- 9:51different people. But maybe that
- 9:53slipperiness is just there because of
- 9:55sentimental value. Like obviously my
- 9:58relationship with my dad is something
- 10:00that cannot be commodified and sold to
- 10:02other people. So if we remove
- 10:04sentimental value from the equation, is
- 10:07the definition of luxury suddenly very
- 10:09clear? For those of you who do own an
- 10:12item that a stranger would objectively
- 10:14think is luxurious, I still want you to
- 10:17hold that item in your head. And I want
- 10:19everyone to still remember what your
- 10:21definition of luxury is. Keep that in
- 10:23your head. Write it down if you can. I'm
- 10:24really hoping this is going to [ __ ] you
- 10:26up. Hang with me. Rick Owens and
- 10:29Chanel. Are both of these companies
- 10:32luxury? Like obviously the audiences of
- 10:35these companies couldn't be any more
- 10:37different but are they both luxury
- 10:41companies? I would like to propose a
- 10:43radical new definition of luxury. The
- 10:46global household names of luxury would
- 10:49like us to believe that the definition
- 10:50of luxury is not slippery. They would
- 10:54like us to believe that luxury is just a
- 10:57vertical sliding scale of niceness that
- 11:00correlates to cost. The more you spend
- 11:02on something, the nicer the thing is and
- 11:05the more luxurious it is. That's it. At
- 11:08the bottom of the scale is Primark,
- 11:10Walmart, Sheen, H&M, and at the top is
- 11:12all the brand names that your grandma
- 11:14can list off. Gucci, Louis, Prada, etc.
- 11:16Those huge household names benefit
- 11:18greatly from you holding the belief that
- 11:21luxury brands can be ranked according to
- 11:24how nice they are. And that ranking is
- 11:26all you would need to know as a luxury
- 11:28customer. Because if luxury is just a
- 11:30sliding scale of niceness, then the
- 11:32brands with the biggest stores in the
- 11:34Dubai Mall can always win. Luxury must
- 11:36be a contest and the biggest brands must
- 11:39be the luxury allstars. Okay, well, [ __ ]
- 11:42that. This is my definition of luxury.
- 11:45All luxury companies are just businesses
- 11:48that have a lot of extra time and have a
- 11:51lot of extra money. The identity of that
- 11:54luxury brand is determined by how they
- 11:57choose to spend the time and the money.
- 12:00By contrast, a normal non-luxury company
- 12:03does not have an enormous amount of
- 12:05extra time and money. Like uh Bick, the
- 12:09lighter company that also makes like
- 12:11razors and pens and stuff. So that
- 12:13company pretty much all their time and
- 12:15money is put into making sure that their
- 12:17products can be as low cost as possible
- 12:19so that they can just be utilitarian for
- 12:21their customers. If there is any extra
- 12:23money, it just goes to the CEO or the
- 12:25board of directors or whatever. But a
- 12:27luxury company charges a huge premium so
- 12:30that they can have a great deal of extra
- 12:32time and money. How are those resources
- 12:36spent? I want to give a wide variety of
- 12:39examples of how luxury companies can
- 12:42spend their time and money so that you
- 12:45as a customer can start to make up your
- 12:48mind as to what you do expect from a
- 12:52luxury company. We will start with the
- 12:54row. The legendary American fashion
- 12:57brand by the Olsen twins hosts two
- 12:59runway shows per year that are done just
- 13:01during the standard Women's Paris
- 13:03Fashion Week. They only invite a few
- 13:05dozen people to the presentation and
- 13:07there is no video allowed at all
- 13:11including cell phones. Now a lot of
- 13:13people watching this probably are
- 13:15already aware of this and a lot of
- 13:17commentary online seems to be sort of
- 13:19rolling its eyes at this as if it's some
- 13:22kind of gimmick and Daniela and I have
- 13:25never thought of this as a gimmick. It
- 13:26is one of the strongest statements that
- 13:28a luxury fashion brand can make because
- 13:31committing to a runway show is
- 13:33unbelievably expensive and timeconuming.
- 13:37Most consultants and business people in
- 13:39the industry say that a runway show must
- 13:42be digital first in order for it to be
- 13:45anywhere close to worth it. And that
- 13:47means that they are practically begging
- 13:50all attendees to have their phones out
- 13:52the entire please go live if you can.
- 13:54Instagram, Facebook, bring multiple
- 13:55phones if you can. Go live everywhere if
- 13:57you if you're able to. Thank you so
- 13:58much. And that's fine. I mean, we run a
- 14:00media company. Danielle and I love
- 14:01documenting runway shows, but when you
- 14:04go to as many as we do, you do kind of
- 14:07start to yearn for just one where
- 14:11everyone sits quietly together in the
- 14:14room and they are present with the music
- 14:16and the clothes. This is not a gimmick.
- 14:20Now, how would that fit into the sliding
- 14:23scale of niceness? I mean, if you go
- 14:25into a household name luxury store, they
- 14:28got the runway show in the flat screen
- 14:30TV that is bigger than any flat screen
- 14:32TV that you've ever seen that is
- 14:33beautifully like embedded into the
- 14:35marble wall. And that [ __ ] plays on loop
- 14:37all day long. Okay, switching examples.
- 14:40If you watch this channel a lot, I'm
- 14:41sure you already know about the Margela
- 14:43replica line. Most people at least have
- 14:45heard of the GATS. Those stand for
- 14:47German Army Trainers. Those are part of
- 14:49a larger line that is referred to as
- 14:52replica. That project involved members
- 14:54of the design team finding vintage
- 14:56clothes and then taking them to their
- 14:58manufacturers and saying, "I want you to
- 15:00make this vintage piece new as close to
- 15:04the original as you can." Now, of
- 15:06course, all designers are inspired by
- 15:09vintage garments, but the Maison wanted
- 15:11to pay tribute to those beautiful gems
- 15:14of unknown origin such that they would
- 15:16recreate them. exactly the way they were
- 15:20but brand new. The manufacturing
- 15:22challenges with that are massive. You
- 15:24don't know exactly what the material
- 15:26composition is because it was a vintage
- 15:28item in the '90s and so there is no care
- 15:31label on it. How was the fabric dyed?
- 15:33What type of dye was it? Was it just a
- 15:35standard dye that was off the shelf at a
- 15:37dye shop or did they have to mix up a
- 15:38special dye just for that garment?
- 15:40Trying to triangulate those answers
- 15:42takes an enormous amount of time and
- 15:45money just because of trial and error.
- 15:47The replica line was a massive part of
- 15:50what set Mesa Martin Margella apart from
- 15:52its luxury competitors. Oh my gosh,
- 15:55speaking of luxury, these pants, oh my
- 15:57gosh, I am sweating so much. They're so
- 15:59cool. I love them so much. They're made
- 16:01of like rubberized crazy I haven't
- 16:04actually done all the textile research
- 16:05on it yet, but they're insane. I love
- 16:07them, but oh my gosh, if I sit in them,
- 16:09I sweat like an animal. Were you getting
- 16:12a little flustered thinking about me
- 16:14sweating like an animal? Are you
- 16:15disgusted by me? Do you know what
- 16:17horseair feels like? Most people have
- 16:20never felt horse hair used in a textile
- 16:23context. You can't really speed up its
- 16:25growth and there's only so many horses
- 16:27whose tails can be given a haircut. So,
- 16:30if you go into the dressing room at some
- 16:32Acuras stores, the entirety of the wall
- 16:35of the dressing room is just solid
- 16:38horsehair and it feels insane. I happen
- 16:42to have a wallet from Acuras that has a
- 16:45swatch of solid horsehair on it and it
- 16:48also feels insane. So that wallet is
- 16:50super cool. I love it. But importantly,
- 16:52the dressing room walls are something
- 16:55that anyone could experience. If you
- 16:58want a crazy tactile experience, you can
- 17:00go into an Acura store and go into the
- 17:03dressing room and just feel the walls.
- 17:06And while you're there, you can also
- 17:08check out some of the most considered
- 17:09clothes in the world. Danielle and I
- 17:11were recently among the first people to
- 17:13visit the actual Seline Metier in
- 17:16Florence. For many Americans, this would
- 17:18just be called a factory, but if you
- 17:20like close your eyes and imagine in your
- 17:22mind palace a factory, it is the
- 17:25opposite of what this place actually
- 17:27was. This massive room featured almost
- 17:30entirely glass walls that overlook the
- 17:32Italian countryside. Okay, so that is a
- 17:34perk that belongs only to the employees
- 17:37who work there. Again, Danielle and I
- 17:38were part of the first group of
- 17:40outsiders to ever visit that Metsier.
- 17:43But when you buy a luxury product, you
- 17:46do assume that this is what you would
- 17:49find in the manufacturing. At least
- 17:51that's what one would hope. Or is a
- 17:54small Japanese fashion brand that's
- 17:56relatively new to the Paris Fashion Week
- 17:58calendar. Their luxury identity is
- 18:00shaped by the fact that they develop all
- 18:02of their own fabrics. In a recent
- 18:04interview with the designer, I was told
- 18:06that they recently developed a cashmere
- 18:08moles skin. I didn't even realize that
- 18:10was possible. Developing custom fabrics
- 18:12is not necessarily a better choice in
- 18:15all situations, but it is if you want
- 18:17that level of freedom in your design
- 18:20decision-m. Way on the other side of
- 18:22Japanese sensibilities is a brand called
- 18:24Dubé. They're a brand that invests an
- 18:27enormous amount of time creating these
- 18:29bizarre crossword puzzle style wordplay
- 18:32jokes in their runway shows. Every
- 18:35review that we have done of a Dubé show,
- 18:37which is like five, four or five now,
- 18:40every review has just been me trying to
- 18:42explain each of these jokes as quickly
- 18:44as possible so we get all of them in.
- 18:46Car is a French brand that's currently
- 18:48creatively directed by Nicola D.
- 18:50Feliche. his shows are outstanding works
- 18:53of art on their own. And something that
- 18:55Daniellea and I have emphasized a
- 18:56million times is how excellently cut his
- 18:59clothes are. Nicola told us recently
- 19:02that he doesn't allow anyone to copy
- 19:04patterns from the archives. All
- 19:06patterns, even when they're based on
- 19:08previous patterns, must be recut by the
- 19:11internal team. He says he wants a modern
- 19:14sensibility to always be a part of the
- 19:17clothes. That extra cutting, you'd be
- 19:19surprised. It takes a lot of time and a
- 19:22lot of money. IRA is a brand based out
- 19:24of LA that reflects a great deal on
- 19:26life, death, and living purposefully.
- 19:29Their very first runway presentation was
- 19:32a performance art piece that involved no
- 19:34models and only had the designer, Drew,
- 19:37along with another guy hanging the
- 19:39garments up one by one in a room that
- 19:41simulated Mother Teresa's House of the
- 19:44Dying. Another performance piece saw
- 19:46Drew sitting silently for hours and
- 19:48hours with no breaks while everyone who
- 19:51came to the showroom tried on the
- 19:53collection on camera. Later on, Drew
- 19:55wanted to do a sneaker collaboration
- 19:57that involved taking a mass market
- 20:00sneaker model and wrapping it in what's
- 20:02called Cotti gauze from India. He then
- 20:05encouraged the buyer to set the shoes on
- 20:06fire so that the gauze could choose the
- 20:08path and intensity of the fire. Then
- 20:11when it burns out, you have a
- 20:13mass-roduced sneaker that is as unique
- 20:15as your own fingerprint. After that idea
- 20:17got rejected by every single shoe brand
- 20:19on Earth for legal reasons, obviously,
- 20:22he finally got AS6 to agree to do a
- 20:25very, very small run of those sneakers,
- 20:28and I actually own two of them. I
- 20:30haven't asked Drew purposefully about
- 20:32this, but I feel very confident he made
- 20:34no money from that collaboration
- 20:36whatsoever. I think that just fire and
- 20:40loss and sacrifice, these are just
- 20:42things that Drew thinks about a lot and
- 20:44he wanted to represent that in work that
- 20:46got to go out into the world and live
- 20:48its own life. We have multiple awesome
- 20:50interviews with Drew up on our Patreon
- 20:52and we even have a little documentary
- 20:54that talks about the performance art
- 20:55piece where he sat very silently in a
- 20:57room for a long time. If you want, you
- 20:58can go check those out. A luxury
- 21:00identity is defined by how you choose to
- 21:04spend your extra time and money. Chanel
- 21:08owns what is called the Metier Dart,
- 21:11which just means that they own a number
- 21:13of artisal French companies that make
- 21:16very specific things. They own a French
- 21:18shoe maker. They own a French glove
- 21:21maker. They own a French house that that
- 21:23just does beautiful traditional
- 21:25pleading. A few others. And of course,
- 21:27the most famous member of the Metier
- 21:29Dart is Mison Lass who makes some of the
- 21:33most beautiful tweed in the whole world.
- 21:36Personally, I have been in the K store,
- 21:39which is the Metier that makes all of
- 21:40their gloves, and I can assure you it is
- 21:44not making any money. This is a passion
- 21:46project to keep craft alive in France.
- 21:49I'm extremely grateful that the Metsier
- 21:51Dart exists. Shifting gears, awesome
- 21:53story here. I recently spoke to a woman
- 21:56who worked for Brunello Cuchinelli as a
- 21:58retail employee in the United States for
- 22:00a number of years. She talked to me for
- 22:02a solid hour about how fantastic it was
- 22:05to work for that company. The thing that
- 22:07I remember most from that conversation
- 22:08is her describing Mr. Cuchinelli's
- 22:11Christmas gifts to all employees all
- 22:13around the world. He will hand select
- 22:16hardcover books and send it to them,
- 22:18just books that he thinks should be in
- 22:20their library. and she told me that
- 22:22every year she would take those books
- 22:24and spend the first couple of months of
- 22:26the new year reading them to her
- 22:28daughters. Now again, much like the
- 22:30Seline story, that is something that is
- 22:32only bannounced to the employees, but I
- 22:34guarantee you that if you went and
- 22:36talked to someone who buys a lot of
- 22:38Coochinelli, if you ask them, why do you
- 22:40love this brand so much? They would at
- 22:42some point bring up an employee story. I
- 22:45guarantee it. This one applies to any
- 22:47and all brands, whether they're massive
- 22:49or very small. But having an archive of
- 22:52your own work is so much rarer than you
- 22:55would think it would be. Like most
- 22:57brands that you are a fan of do not have
- 22:59any kind of physical archive of their
- 23:01own work. The reason for that is because
- 23:03it is insanely expensive and it is so
- 23:05timeconuming. Like I I was told one time
- 23:08by a global conglomerated brand that you
- 23:12have definitely heard of that I was not
- 23:13allowed to go see their archive because
- 23:16it was just a bunch of cardboard boxes
- 23:18closed in a rented basement. All that
- 23:21said, the best in-house physical archive
- 23:23that I have ever seen in person is at
- 23:26the Jeffrey B. Small headquarters in
- 23:28Kartzer, Italy. And I can't show you
- 23:30footage of that right now because we
- 23:31have a very largecale project involving
- 23:34that company coming soon. Okay, you want
- 23:37to see what my Anon Ree deer runway
- 23:38invitations look like? This one was the
- 23:40invite to the car garage show, one of
- 23:43their best collections ever. This is a
- 23:44real wax seal and this is a distressed
- 23:48reprinting of Christian F the book in
- 23:51Hebrew. The OG copies of the Hebrew
- 23:54printing go for hundreds on eBay. So,
- 23:56erd did their own illegal reprint. They
- 24:00did a great deal of hand distressing on
- 24:02each copy, added a couple of small
- 24:04details for the heads, and then they
- 24:07distributed them for free in the form of
- 24:09runway invitations. We got that like the
- 24:12thing that could just be a piece of
- 24:14paper that says my name. You're invited
- 24:17to spring, summer, whatever at this
- 24:19location, at this time, on this date.
- 24:21Thank you. Like, that's what it could
- 24:23be. and instead they made this. The
- 24:26following runway show, the one with the
- 24:28cages, we got a very nice printing of
- 24:31Henry's collage work. Physical collage
- 24:34is apparently a daily part of Henry's
- 24:37artistic practice. And of course, the
- 24:39newest invitation, a child's composition
- 24:42book that has been heavily
- 24:44handdistressed and features more collage
- 24:46work that's meant to kind of illuminate
- 24:48the runway collection that featured the
- 24:51cardboard tanks. A lot of this stuff
- 24:53can't really be sold, I imagine, for
- 24:55copyright reasons, but this is kind of
- 24:57what Henry does. He has to collage. And
- 25:00having an outlet for that work is
- 25:02awesome. And speaking of runway
- 25:04invitations, do you want to see some
- 25:05other [ __ ] crazy runway invitations?
- 25:07Let me just open up my filing cabinet
- 25:10where I keep all of the extra little
- 25:12things from every brand that we interact
- 25:14with. AZ Factory RIP did a residency
- 25:17with fashion designer Lutz Hull where
- 25:20they curated old 45s and stamped the
- 25:23runway invitation details onto them.
- 25:25Raul Mishra has these invitations that
- 25:27feature different insects. I went around
- 25:30after the show to pick up a few extras
- 25:31off the floor so that I could have a
- 25:33full set. These are especially
- 25:35beautiful. I love them. EA Miyak always
- 25:37does the craziest invitations possible.
- 25:41special paper, experimental textile
- 25:43samples, crazy graphic design. We could
- 25:45do a whole segment just about these.
- 25:47Another incredible runway handout was
- 25:49the White Mountaineering book. During
- 25:51co, the designer at White Mountaineering
- 25:53named Yosuk Aawa built himself an
- 25:56isolated vacation home and learned a lot
- 25:59about adventuring and mountain climbing
- 26:01from his friend Naoki, who has climbed
- 26:03Everest before. When Naoki is going on
- 26:06adventures, he takes photos of the trip
- 26:09and White Mountaineering for one of
- 26:10their runway shows published decades old
- 26:13photos from a trip to ascend Manisloo
- 26:17Mountain. Love that he found such a
- 26:19succinct, beautiful way to pay tribute
- 26:21to that source of inspiration. Lee does
- 26:24a great deal of promotion of handcrafted
- 26:27things. They have their annual craft
- 26:29prize and the crafters that are close to
- 26:32Lee build a lot of the very beautiful
- 26:34objects that can then go into Lee's
- 26:36retail stores. But I think Jonathan
- 26:39Anderson just has this appreciation for
- 26:41these just big uselessly beautiful
- 26:43things. I mean, he himself has to be so
- 26:46focused on product that I've always just
- 26:48assumed that this was kind of an escape
- 26:50for him. Additionally, Lee's little
- 26:52animal bag charms are handcrafted. Um
- 26:56Daniela has one that is a little koala
- 26:59bear and we've seen other versions of
- 27:01the koala bear and they all look so
- 27:03different because it's felted wool and
- 27:06felting has to be done by hand and so
- 27:08all the koalas end up just being very
- 27:10different. They all have little
- 27:11different personalities. The other
- 27:13handmade animal charms are just
- 27:15stunningly beautiful. This is one of the
- 27:17coolest small offerings that a luxury
- 27:19brand has ever offered. I'm obsessed
- 27:21with these. I mean look at him. He's
- 27:23just a patient gentleman. K de Garson is
- 27:25a company that spends an enormous amount
- 27:28of resources to support a design process
- 27:30that is so complicated that I can't
- 27:33really properly summarize it here. We
- 27:35made a 45minute video a while back that
- 27:38delved very deeply into the design
- 27:40process that combin
- 27:44essentially spent all of her time and
- 27:46money creating a human version of chat
- 27:49GPT for her design process. And I mean,
- 27:51this can get as specific as you want it
- 27:53to. Um, the guy from Rude recently got
- 27:56in a lot of trouble because he was
- 27:58taking a bunch of private jets and
- 28:00showing off that he owned a bunch of
- 28:01$100,000 watches. And that is the luxury
- 28:05identity of RDE. If you want to go
- 28:07support this American bizarro dream of a
- 28:11guy that has made so much money that he
- 28:13can be like, "Fuck you." to
- 28:15everybody, that is a luxury identity.
- 28:18And if you like that, you should go
- 28:19support it. But for the rest of us, I
- 28:22would encourage you to figure out what
- 28:24exactly the luxury identity of your
- 28:27faves actually is. That's something that
- 28:29exists outside of their just visual
- 28:32aesthetic. And there is no easy way of
- 28:36finding that information about your
- 28:38favorite luxury company, by the way. And
- 28:40personally, I think that that's rather
- 28:42cool. It is a healthy reminder that this
- 28:44is not just supposed to be a flippant
- 28:46part of our lives. If you have made it
- 28:48this far into the video, I want to ask
- 28:50you something really
- 28:51specific. Do you get meaningful value
- 28:55out of what Daniela and I do here? Like
- 28:59if you use this to energize you during a
- 29:02sewing project, if you watch some of
- 29:04these videos twice because you got a lot
- 29:07out of them and you want to see if there
- 29:08was anything that you missed, or if
- 29:10we've just brought up something that has
- 29:13stayed with you for a long time. I have
- 29:15to remind you that this isn't permanent.
- 29:19We would like it to be. I mean, Danielle
- 29:20and I really are prepared to bring the
- 29:24highest quality fashion content to you
- 29:26all that we are able to bring you for
- 29:28the rest of our
- 29:29lives. But there is no guarantee that we
- 29:32can do that if we do not have literal
- 29:35financial support. We occasionally make
- 29:38little fun videos. I believe the video
- 29:40that came out before this one was just
- 29:42kind of a a silly like price guessing
- 29:44game type of thing. But the majority of
- 29:46the content that we push out is meant
- 29:49for 100 years from now. And that means
- 29:51that in
- 29:522125 fashion history students will be
- 29:56wondering I I can see the runway shows
- 29:59from back then but I don't really
- 30:01understand how those connected to
- 30:03culture. We are making content for those
- 30:06people. Sometimes that goal does not get
- 30:09enough clicks to sustain us as a
- 30:12business. I mean, you would be surprised
- 30:14how little YouTube pays. If you get
- 30:16value from this channel, all I ask is
- 30:20that you reflect that value onto the
- 30:23Patreon. Plus, you get a lot of extra
- 30:26stuff, so it's not like you'd be doing
- 30:27us a favor. We really appreciate you
- 30:29giving us your time today. We don't take
- 30:30that for granted. Talk to you soon.
About this transcript
This page contains the full transcript of The Imminent Death of Luxury by Bliss Foster, generated from the public captions YouTube serves with the video. The transcript has 5,453 words across 784 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.
What you can do with it
Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.
Free YouTube transcript tool
YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.