Price Increases
The Economics of Fashion
It’s
that time of the year again… large luxury brands are increasing prices by
around 5-10%+ across the globe. That’s bad
news for any girl looking to purchase a new bag. Chanel in particular is rumored to execute even
more drastic changes. Changes that may
be welcomed or shunned depending on where you live. The brand will:
Chanel 2015 Spring Pricing Update
Friday, April 10, 2015
The Economics of Fashion
It’s
that time of the year again… large luxury brands are increasing prices by
around 5-10%+ across the globe. That’s bad
news for any girl looking to purchase a new bag. Chanel in particular is rumored to execute even
more drastic changes. Changes that may
be welcomed or shunned depending on where you live. The brand will:
I’ve coveted over Chanel’s classic flap bag for quite some
time, and did my fair share of research before purchasing the bag of my dreams—finding
three reasons to justify it’s hefty price tag.
If you find yourself straddling the fence like me, a year ago, take a look at my
detailed debrief on Chanel’s Classic Flap before running to the store.
1. High Return on Investment Ratio :
Fashionistas
and Wall Street financial investors will both agree that the Chanel’s classic
flap is a worthy investment. Without
changing much since it’s inception in February of 1955, hence 2.55, this bag
never ages, makes you feel like a million dollars, and if you had to own one
bag, this is it.
If you purchased
Chanel’s Jumbo Classic Flap in 2010, it was merely $2650. Currently, after a series of crippling price
increases, the bag sells for $4900 :
With nearly a 85% increase in a
little less than 3 years, purchasing a Classic Chanel is better than investing
in the S&P 500, with it’s volatile up’s and downs, and even cars, that
depreciate the moment you drive it off the lot with an additional 15-20% each
year.
2. Durable: When investing in a handbag, or
anything in general, you want to be sure its durable. Usually, pretty things are frail and fragile,
but not this bag. If you opt for caviar,
your bag is pretty much indestructible.
Not that I suggest doing this, but even if you scratch it with your
nails, carry it through a light drizzle, and have it endure daily abuse with
you from everyday tasks and errands, your bag will still retain the same shape,
luster, and elegance!
3. Investing in a handmade piece of artwork:
Intertwining art and history, the classic flap, designed by Coco Chanel
herself, holds historic significance, and symbolizes the development of female independence.
The bag perfectly balances
form and function. Realizing that women
needed their hands during social events, Coco Chanel designed a handbag with a
double leather threaded chain strap that could be worn over the shoulder, as
opposed to popular clutches at the time.
The bag has a back compartment to store cash, and as rumored, a zippered
inside compartment for Coco Chanel’s love letters. Adding the final touch, she gave the bag more
shape and volume by incorporating a quilted diamond pattern.
Personally, I have a
soft spot for art and history. For me,
Chanel is not only an elegant work of art, but also has a rich heritage and
timeless design. A bag with such a splendid
story, merits mention.
Some fashion observers may deem the Classic Flap as played
out, but I beg to differ.
In Coco Chanel’s
book, “A girl must be two things, Classy and Elegant”--she designed the perfect
bag that epitomizes fashion, confidence, and elegance!
Here are answers to frequently asked
questions regarding price, size, hardware, and color for Chanel's Classic Flap.
If it's your first Chanel, I suggest going with
classic black and gold hardware if you want something more dressy and elegant,
or black and silver if you're looking for more of an everyday bag.
Lambskin looks more feminine, but because
I'm rather clumsy, and looking for something that will last and withstand wear
and tear, I always opt for caviar.
Personally I have both the Jumbo Classic Flap in
black caviar leather, with gold and silver hardware~ something my mom and I picked out together!
New Mini: $2100
Medium: $4400
Jumbo: $4900
Maxi: $5300
Cheapest Price for
Jumbo:
France, Germany, Austria, Spain, Netherlands, Italy,
Belgium, Ireland
3100 EUR or $4170
USD
Bag Dimensions:
Mini: 17 x 13 x 6.5 cm 6.5” x 5” x 2.5”
Medium: 25.5 x15 x 6.5 cm 10” x 6”x 2.5”
Jumbo: 30.5 x 20 x 7.5
cm 12” x 8” x 3”
Maxi: 33 x 23 x 10 cm 13” x 9” x 4”
Chanel Classic Flap
Tuesday, January 29, 2013
I’ve coveted over Chanel’s classic flap bag for quite some
time, and did my fair share of research before purchasing the bag of my dreams—finding
three reasons to justify it’s hefty price tag.
If you find yourself straddling the fence like me, a year ago, take a look at my
detailed debrief on Chanel’s Classic Flap before running to the store.
1. High Return on Investment Ratio :
Fashionistas
and Wall Street financial investors will both agree that the Chanel’s classic
flap is a worthy investment. Without
changing much since it’s inception in February of 1955, hence 2.55, this bag
never ages, makes you feel like a million dollars, and if you had to own one
bag, this is it.
If you purchased
Chanel’s Jumbo Classic Flap in 2010, it was merely $2650. Currently, after a series of crippling price
increases, the bag sells for $4900 :
With nearly a 85% increase in a
little less than 3 years, purchasing a Classic Chanel is better than investing
in the S&P 500, with it’s volatile up’s and downs, and even cars, that
depreciate the moment you drive it off the lot with an additional 15-20% each
year.
2. Durable: When investing in a handbag, or
anything in general, you want to be sure its durable. Usually, pretty things are frail and fragile,
but not this bag. If you opt for caviar,
your bag is pretty much indestructible.
Not that I suggest doing this, but even if you scratch it with your
nails, carry it through a light drizzle, and have it endure daily abuse with
you from everyday tasks and errands, your bag will still retain the same shape,
luster, and elegance!
3. Investing in a handmade piece of artwork:
Intertwining art and history, the classic flap, designed by Coco Chanel
herself, holds historic significance, and symbolizes the development of female independence.
The bag perfectly balances
form and function. Realizing that women
needed their hands during social events, Coco Chanel designed a handbag with a
double leather threaded chain strap that could be worn over the shoulder, as
opposed to popular clutches at the time.
The bag has a back compartment to store cash, and as rumored, a zippered
inside compartment for Coco Chanel’s love letters. Adding the final touch, she gave the bag more
shape and volume by incorporating a quilted diamond pattern.
Personally, I have a
soft spot for art and history. For me,
Chanel is not only an elegant work of art, but also has a rich heritage and
timeless design. A bag with such a splendid
story, merits mention.
Some fashion observers may deem the Classic Flap as played
out, but I beg to differ.
In Coco Chanel’s
book, “A girl must be two things, Classy and Elegant”--she designed the perfect
bag that epitomizes fashion, confidence, and elegance!
Here are answers to frequently asked
questions regarding price, size, hardware, and color for Chanel's Classic Flap.
If it's your first Chanel, I suggest going with
classic black and gold hardware if you want something more dressy and elegant,
or black and silver if you're looking for more of an everyday bag.
Lambskin looks more feminine, but because
I'm rather clumsy, and looking for something that will last and withstand wear
and tear, I always opt for caviar.
Personally I have both the Jumbo Classic Flap in
black caviar leather, with gold and silver hardware~ something my mom and I picked out together!
New Mini: $2100
Medium: $4400
Jumbo: $4900
Maxi: $5300
Cheapest Price for
Jumbo:
France, Germany, Austria, Spain, Netherlands, Italy,
Belgium, Ireland
3100 EUR or $4170
USD
Bag Dimensions:
Mini: 17 x 13 x 6.5 cm 6.5” x 5” x 2.5”
Medium: 25.5 x15 x 6.5 cm 10” x 6”x 2.5”
Jumbo: 30.5 x 20 x 7.5
cm 12” x 8” x 3”
Maxi: 33 x 23 x 10 cm 13” x 9” x 4”
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