Louis Vuitton designer purse

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One has to wonder why some people would drop almost five grand for a purse. Granted, even if said purse is a Louis Vuitton purse, is it still worth $5000.00? And what exactly do you get for dropping five large? I can only imagine that the shape of a Louis Vuitton purse, along with the materials used to design it, and the perceived status the brand brings to those holding it, are what matters to those who can afford such opulence.
Louis Vuitton designer purse:

Louis Vuitton designer purse pictured: Louis Vuitton Monogram Denim Speedy Round – Yellow

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