Earlier quoted context omitted.
No, those handbags and watches are bought simply because they allow the buyer to signal 'status'. If people with less money also get to signal that same status then the original loses its value. That's really all there is to it, a good user experience doesn't come in to play at all (most of that stuff is unusable anyway) and the 'most desirable' bit is exactly that: status.
It's about design, and design is inherently about quality and value. It's the reason you might choose to pay more for a handmade Italian shirt made in a small workshop that has been running forever compared to a mass-produced one made with the cheapest labour in Myanmar (though functionally equivalent at a basic level). The Italian shirt will have better fabric, stitching, a more expensive split-yoke that hangs bette…
I'd be curious to see if you could tell the difference under blind testing. In just about every other area it turns out that most people can't tell the difference.