Luxury Fatigue Fuels an Indie Bag Boom

When Savette launched in 2021 with a small top handle bag it called the Symmetry 19, its cost — $1,750 — put it in the same realm as similarly sized offerings from the likes of Gucci and Celine.

By that measure, the Symmetry 19 is practically a bargain these days. The average luxury bag’s price has risen 52 percent since 2019, according to HSBC. The cost of Savette’s bag has inched up, to $2,050. Over the same period, Gucci’s Jackie medium bag, for example, went from $2,600 to…