This strikes me more as an art project than a commercial endeavour. It can obviously be both. I've worked with a friend on a similar boutique concept, and one of the driving factors in its possible success is scarcity economics, or the deliberate limiticy of products that drives intrigue, percieved value, and experience. These are all things that brand designers work tirelessly on (either to embody or avoid, branding is a very bizarre world in which many approaches work in many markets). I would wager a good bit that this probably lost money in isolation, but it being part of the design firms portfolio, it probably adds more value than it cost in credibility and brand identity/authenticity for themselves.