Lacquer can require many coats, and is also very "brittle" - it chips easily.
When done right though, it's a great looking finish!
Ever see any councours-class antique cars? Back in the day (1920's-1930's) on the really expensive cars like Deusenburgs, Bugattis, etc. there were sometimes 20-30 coats of lacquer paint, hand-rubbed between each coat to build up the extremely smooth, glossy, rich finish.