A Veblen good, by definition, doesn't have additional value due to real craftsmanship or any other tangible characteristic. It gains value because of it's high price.
8x the price but the Saddleback likely has quality on par with, if not exceeding, the Louis. Sure, the Louis is probably very well made, but that has nothing to do with the price.
Back in the 90s in Russia (when this sort of thing was very much in vogue among the newly minted organized criminal / mobster class), there was a joke that went like this:
- Hey man, look what a nice new tie I've got! $1500!
- Dude, you're lame. They sell the same for $5k in the shop down the street.
Compare this Louis Vuitton leather briefcase: http://us.louisvuitton.com/eng-us/products/porte-documents-v...
To this Saddleback: http://www.saddlebackleather.com/thin-leather-briefcase
8x the price but the Saddleback likely has quality on par with, if not exceeding, the Louis. Sure, the Louis is probably very well made, but that has nothing to do with the price.