I was reading this thread and I found some angry comments of people saying how many fake bags they see on the street and how everyone today has an accessory with the LV monogram on, the funny thing is that instead of making an argument to reinforce their point of view (passe), these angry people are just accentuating the fact that LV is a style icon. To have that status of an icon, IMO, you have to invocate on people that desire of having what you created, and when people buy fake LV bags is just their way to say how much they appreciate that brand, how much they admire LV products even though they can't afford to buy the real products, it's like when people copy Justin Bieber's hair or Lady Gaga's clothes. A brand has two ways to gain attention, being unattainable (like Balenciaga, Balmain...), using that logic that what's "forbidden" it's better (that's a poverb in Brasil, I don't know if that's a similar in other countries), I think that's the worst, because without the street merchandising you won't be able to make your brand a desire, or being very very very popular, so even if it's very expensive to have a product of that brand, and even if people buy fake ones, the possibility of people wanting to have the real thing, and gathering money to buy the real thing, would be much higher.
So style icon.