system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: Why are clothing brands like: Ralph Lauren, Kenzo, michael Kors So expensive?

i just looked at some online stores and found out that most of their clothes costs above 200 euro's/dollars for just sweaters!, even the polo's from ralph lauren are like 60 bucks or more, why is it like this?
gpt
It's a combination of perceived quality, a certain amount of actual better quality, and status.   
People are willing to pay a premium price for shirts with logos to show that they have lots of money to spend on wearing "status" logos.