LV stuff being leather the costs of an equivalent quality knockoff(if such a thing exists) aren't dirt cheap like cotton. The heavily branded stuff(monogram canvas) tends to be on the lower end, entry level luxury aimed at a more aspirational purchaser.
Upper end LV and more expensive luxury leather good concerns are more understated, sort of a 'if you know you know' thing -- Hermes, Celine, Bottega maybe, etc. A Birkin in a non exotic leather with normal hardware is not a very flashy loud bag(unless you know it). There's still a lot of status signaling and striver insecurity in this(it is fashion after all) but it's slightly more covert and these people are nominally concerned about ostentatious branded stuff being 'tacky.' The social ideal is less about flashy spending and more imitating serious old money who "just want to pay for the highest quality"(though this is, imo, fiction). Can't look like you're trying.
Upper end LV and more expensive luxury leather good concerns are more understated, sort of a 'if you know you know' thing -- Hermes, Celine, Bottega maybe, etc. A Birkin in a non exotic leather with normal hardware is not a very flashy loud bag(unless you know it). There's still a lot of status signaling and striver insecurity in this(it is fashion after all) but it's slightly more covert and these people are nominally concerned about ostentatious branded stuff being 'tacky.' The social ideal is less about flashy spending and more imitating serious old money who "just want to pay for the highest quality"(though this is, imo, fiction). Can't look like you're trying.