A handbag? That will be $203,150

December 8th, 2011 by cartierwatchessalesonline

What better way to mark the onset of a second credit crunch than by spending $203,150 on a diamond-encrusted crocodile handbag?

Following the sale last week of the world’s most expensive shoe, what was said to be the world’s most expensive handbag was sold at auction in Texas on Tuesday.

The buyer was a private collector, who chose to remain anonymous. The price included a buyer’s premium of 19.5 per cent.

The luxury auction included a selection of 550 of the world’s most lavish designer handbags, from brands including Céline, Fendi and Louis Vuitton – all clearly designed to appeal to the wallets of the world’s richest 1 per cent.

The a one-of-a-kind Hermès Birkin bag was crafted out of scarlet red crocodile skin and featured diamond-encrusted white and yellow 18-carat gold hardware fittings. Experts had initially estimated the piece would sell for about $80,000.

Matt Rubinger, director of luxury accessories at Heritage Auctions, which organised the Dallas sale, said: “This is an extraordinary example of one of the world’s most exceptional handbags.

“Furthermore, this was a completely exceptional price, which exceeded our highest expectations at every corner.”

The Diamond Birkin was one of four Hermès handbags on offer at the auction. The three others were sold for between $80,000 and $113,000.

Mr Rubinger said: “The market for high-end accessories is currently extremely strong

“It’s an area of fashion that’s been shown to hold and often increase in its value and we’re now seeing sophisticated shoppers motivated to invest in special pieces like the bags that we offered here.”

Most of the handbags had originally been bought by collectors and had never been used.

Mr Rubinger said: “Many of these women simply don’t have enough space in their closets for all their accessories

“The red Birkin was owned by a lady from Florida, who bought the bag in 2006 as the trophy of her collection.”

“But after Hermès offered her the same bag in black and she thought that she might actually use a black one and put this one up for sale.”

The Hermès Birkin bag is free of logos, but it is one of the most recognised and sought-after bags,

Created in 1984 for the actress Jane Birkin, the bags are distributed to the luxury label’s boutiques on unpredictable schedules and in limited quantities, creating exclusivity and notoriously high demand.

Koreans Pay Dearly for Their Label Addiction

December 7th, 2011 by cartierwatchessalesonline

Koreans have become the favorite customers of global luxury brand makers, following closely behind Chinese customers and replacing the Japanese in the labels’ affections.

But Koreans are paying excessive prices even by the inflated standards of the trade. European luxury labels sell handbags in Korea for some W4.65 million, while the same products cost around W3 million in the U.S.

After the Korea-EU free trade agreement went into effect in July, tariffs of 8-15 percent on imports from Europe were lifted, but the price tags of luxury products mysteriously remained the same or even went up after the labels repackaged existing designs as new product lines.

There is a simple formula for luxury goods that has been proved in Korea again and again: the higher the price tag, the better they sell. There are around 1,000 people on the waiting list of a luxury label for a bag that costs W10 million. And even handbags costing hundreds of millions of won are no longer a rare sight in the streets.

Quite a few young people are so addicted to luxury goods they cannot afford that they first use several credit cars to pay for them and then end up turning to loan sharks when they are unable to pay off their credit card debts. And if they cannot afford the real deal, they opt for high-end fakes. Adding to the hype, the daughters of big conglomerate owners are busy opening luxury label boutiques rather than using their talents to develop competitive, home-grown brands.

French daily Le Figaro recently reported that Seoul is Asia’s No. 2 mecca for luxury products in Asia after Tokyo. The chairman of Louis Vuitton said Korea is the fourth-largest market in the world for his company in terms of sales. The world’s 15th-largest economy is the fourth-largest when it comes to luxury goods consumption? This is simply insane.

People in France, which is after all the home of many top luxury brands, value individuals who are able to create unique styles from affordable products. In other advanced countries, the only people who wrap their bodies in expensive luxury products are celebrities or the nouveau riche. In Korea, at least consumer groups should monitor the prices of luxury goods to prevent Koreans from getting fleeced, but it would be even better if people learned to live within their means.

Hermes Temptation Takes Hold in Jakarta

December 6th, 2011 by cartierwatchessalesonline

For many people, spending tens of thousands of dollars on a handbag seems ridiculous, even if it has been crafted by masters and labeled “Hermes.” The high-fashion French bags might be beautiful, but the same amount of money could buy a new car or even a decent house in Jakarta.

For others, however, a luxury Hermes handbag is an irresistible temptation, and they would make nearly any sacrifice to get one.

Fitria Yusuf and Alexandra Dewi understand the powerful allure of a Hermes bag. The two entrepreneurs, fashionistas and socialites have been reselling them in Indonesia for almost two years, and in their new book, “Hermes Temptation,” they discuss how luxury handbags have evolved into a social phenomenon here and how the business has affected their own outlook on life.

“For most high-society ladies in Indonesia, Hermes bags are not only luxury items, but also status symbols that can help to cement their position in society,” Dewi said.

The book, which was released this week in Jakarta, details how the two started a BlackBerry Messenger chat group, also named “Hermes Temptation,” in December 2009, using it as a forum to sell new and secondhand Hermes bags.

The chat group soon expanded to seven groups and today it has 210 members, all avid Hermes fans who often spend hours every day talking about and hunting for the luxury bags.

“Our BlackBerrys used to freeze on an hourly basis because of these groups,” Dewi said with a laugh.

Dewi has a bachelor’s degree in business administration from the American College for the Applied Arts in Los Angeles. Together with her husband, she manages Sun Hope Indonesia, a Jakarta-based company that sells vitamins and food supplements, but in her spare time she loves to write. Her first book, “I Beg Your Prada,” was published by Gramedia in 2006.

“In my first book, I actually mocked the habits of high-society ladies in Jakarta who put the safety of their [Hermes] bags above their own,” she said.

In “Hermes Temptation,” Dewi also discusses this phenomenon, which she has observed often in Jakarta. When it rains, she says, people might prefer to shield their bags under their umbrella instead of keeping themselves dry. In a restaurant, they might request an extra seat for their bag.

“It’s something that I’ve never seen in Paris,” Dewi said. “They just put their bags on the floor in the cafes and restaurants in Paris. They never demand special treatment for their luxury bags.”

Dewi never understood this kind of behavior, but her disdain for the expensive handbags changed when her sister, who lives overseas, handed her a used Hermes Birkin bag.

“It’s got a luxurious feel that speaks to its fine craftsmanship,” she said. “It’s also got a classic look that will never go out of style.”

Later, Dewi learned that these premium handbags can also be good financial investments; if kept in excellent condition, a used bag can be resold at its original price.

With this in mind, she asked her friend Fitria to travel with her to Paris so they could purchase bags for resale in Indonesia.

“Briefly, I was taken aback,” Fitria said. “I didn’t feel like dealing with the guilt that would come from luxury travel and a luxury shopping spree in Paris. But, like a creeping poison, the idea sank deep into our heads.”

Fitria also has a bachelor’s degree in business administration, from GS Fame Institute of Business in Jakarta. She had worked as an editor for a number of fashion magazines in Jakarta before starting her own online boutiques, boutiqueivy.com and shoptwinkletwinkle.com, back in October 2006.

“But we’ve had so many new fun and crazy experiences from running this [Hermes Temptation] business,” she said.

These experiences make for an interesting read in their book, as well as good reference material for readers who want to buy their own bags. The book, which is written in conversational English, describes which Hermes bags are available in the market, with information about their models, colors and types of leather.

It also discusses the ins and outs of ordering directly from a boutique in Paris or buying from resellers here in Indonesia.

“There are over 100 premium bag resellers in Jakarta now,” Fitria said. “Not all of them are doing an honest business. You really have to be careful before spending a lot of money on a bag.”

But above all, the book is about Fitria and Dewi, about their day-to-day operations and how their bag business has changed their outlook on life.

“Never judge a person by her bags,” Dewi said. “You can never tell who someone is on the inside by what you see on the outside.”

“I once saw a birthday party in Jakarta with a dress code that required guests to carry a Hermes bag,” Fitria said. “This is so sad. We should never screen our friends by their possessions.”

Indians Acquire Taste For Luxury

December 1st, 2011 by cartierwatchessalesonline

As an economic boom propels more people in India into the ranks of the wealthy, they are acquiring a taste for the good life. India’s luxury sector is small, but is growing by nearly 20 percent a year.

Two brothers, Rituraj and Rajat Chowdury, are at New Delhi’s DLF Emporio Mall, to pick up a gift for their mother’s silver (25th) wedding anniversary. A few years ago, they might have chosen a piece of jewelry, but this time they have opted for a handbag with a designer tag.  “I bought a purse, a bag, a Burberry bag,” said one of the brothers. “We wanted to give her something special.”

There is a small but steady stream of customers at the mall where several designer brands have set up shop in recent years. Some are shopping for Armani suits, others for Jimmy Choo shoes or Louis Vuitton handbags.

Sanjay Kapoor is managing director at Genesis, which markets several luxury brands. He says frugality was the mantra (motto) for an older generation, but that is changing.

“There’s load of wealth being created. And, [with] that wealth – people are going to spend. You have built your base.  You have bought your home.  You have bought your second home.  You have bought a car.  You have built a security.  Then people are spending for today.  They are living for today.  In the older days people would save for education, for homes,” Kapoor said.

In addition to growing numbers of affluent business people and successful entrepreneurs, the customers for luxury brands include young people catching up on global trends.

Not all are wealthy. But even those earning $10,000 to $20,000 a year often want to own a designer watch, handbag or footwear.

Last year, sales of luxury goods grew by 20 percent to reach $5.75 billion. It is expected to triple in four years to more than $15 billion.

However, India’s luxury sector still makes up a tiny slice of the global market and trails behind the other Asian economic giant, China.

Retail analysts say steep import duties of up to 30 percent slow the growth of the luxury sector by making branded goods more expensive than in some outside countries.

Neelesh Hundekari, head of Indian luxury retail at consultancy A.T. Kearney, says Indians may buy a Porsche car in India because it is difficult to import, but may prefer to pick up a Louis Vuitton handbag in Dubai.

“They would like to find a good bargain even if the absolute price of the product is pretty high. They would worry about the last $100, even if they are buying something which is worth several thousand dollars. If they can actually get it from overseas without paying the extra price, then they won’t get it from here. An interesting contradiction to that is cars,” Hunderkari explained. “Yes, if there is something which is absolutely not available and people want it, they will pay for it.”

India also lacks suitable infrastructure to sell luxury goods. Its crowded cities have few upscale shopping areas outside of five-star hotels. Only two shopping malls – one in Delhi and the other in Bangalore – exclusively sell luxury brands.

As a result, most luxury brands have a presence only in the larger cities such as Delhi, Mumbai and Bangalore, even though there are many customers in smaller towns.

The country head of Louis Vuitton in India, Tikka Shatrujit Singh, says they have stores in three cities in India compared to 16 in China. That is an impediment, but he remains optimistic about a country where a huge, young population is beginning to savor luxury.

“Cities need to develop. Malls need to come up. That is one constraint for growth. We need to see a 100 more luxury malls opening up in India, or at least 20 more or 30 more,” Singh stated. “The game-changing moment will come when the middle class starts to buy.”

Luxury brands like Louis Vuitton are pinning their hopes on people like Neha Agarwal, a professional in her thirties. She is looking for a handbag with a designer label because she wants to be trendy. “Because it is the next ‘in’ thing in India and people who can afford it are doing it,” she said.

Only the bigger luxury brands have come to India so far, but many more are expected to enter as the numbers of brand-smitten Indians continues to rise.

Remixx consignment shop comes to Manayunk

November 30th, 2011 by cartierwatchessalesonline

Remixx owner Ljupka Neducsin says fashion is all about ideas. Clients who shop at her consignment shop can expect more than just a selection of high-end clothing, jewelry and handbags, but also a look, Neducsin says.

“We’re trying to sell the idea of high fashion,” says Neducsin, who opened her shop at 4355 Main Street in Manayunk last week. “We don’t sell used clothes, we sell fashion and quality.”

Born and raised in Macedonia, educated at college in Bulgaria and living in the Philadelphia area since 2005, Neducsin says she got into consignment around 2008, after networking with a couple of the Main Line’s stylistically-inclined residents who had accumulated more clothing than they knew what to do with.

“I knew women with basements full of clothes that are bigger than this store,” says Neducsin.

Neducsin previously owned Upscale Resale a few blocks away on 4255 Main Street, but relocated to what she says is a smaller and more manageable space at 4355 Main Street, formerly the site of the swimwear store Abbe’s Place.

In 11 days, Neducsin and her husband laid wood floors, installed new lighting, painted the store and added shelves filled with names like Prada, Gucci, Hermes, Louis Vuitton, Armani and Polo, for those occasions when dressing up calls for something more than flip flops and a Phillies t-shirt.

But while Remixx carries most of the high end brand names, Neducsin says items at Remixx are marked down 70 to 80 percent, so a $1,200 Gucci bag sells for around $300, a $4,000 Chanel jacket would sell for $600 and a $1,500 Richard Chai dress for around $175.

“According to the EPA office of solid waste, Americans throw away more than 68-pounds of clothing and textiles per person, per year,” says Neducsin. “We believe in recycling yesterday’s classics for today’s savvy shopper who appreciates fine craftsmanship and expert tailoring at affordable price points.”

Jennifer Lopez and Angelina Jolie: When Paired with Brands, Can You Spot the Fake?

November 29th, 2011 by cartierwatchessalesonline

ennifer Lopez’ scantily clad body wasn’t the only brand faux pas she made the night of the 2011 American Music Awards. It is her trouble laden Fiat ad that has brand watchers talking.

Until now, the criticism has been centered on whether Jenny from the Block drove the Fiat herself – she didn’t. (They used a body double.) And whether they shot on the Bronx streets where she grew up – they didn’t. (It was shot on an LA set.)

Yet the production choices are not the problems. Plenty of ads have been shot with body doubles and on movie sets. After all, Jennifer Lopez is an actress and Hollywood replaces cities with more production-friendly locations all the time.

The more disturbing aspect of this ad is its lack of authenticity. Do you believe that Jennifer Lopez drives a Fiat? Does anyone? The ad is ridiculous because it pairs a larger than life movie star, known for her expensive taste, with a vehicle that looks like a Matchbox car. Jennifer Lopez is a woman who drives to Best Buy in a Bentley.

The Fiat ad isn’t just bad for Fiat, who paid a high price tag for negative publicity; it is bad for Jennifer Lopez. It makes it clear that Lopez never defined an authenticity compass for her personal brand. She made a choice based on a paycheck with no consideration to its brand inconsistency.

Consumers today have an ultrasensitive authenticity radar. With the proliferation of social media, they have come to expect a direct connection with the people behind the brands. It’s why Ashton Kutcher is getting so much flack for inserting his team as middle man in his tweeting and it is why we don’t like seeing miscast couples in our romantic comedies.

For an authenticity role model, Fiat could have looked at Louis Vuitton. The luxury brand has masterfully weaved larger than Lopez, Angelina Jolie, into their campaign by focusing on her work in Cambodia and photographing her with a Louis Vuitton bag that she has owned for many years. This campaign was not without risks – photographing a luxury bag in a third world country posed a delicate line to straddle and the brand did it seamlessly.

Brands needed to remember that bigger is not always better. A smaller name and a legitimate fit would have moved Fiat further down the road.

Girl pounded in the chest ends up losing her handbag

November 28th, 2011 by cartierwatchessalesonline

NIAGARA FALLS—A 10-year-old girl was robbed of her leather Louis Vuitton handbag late Friday by a man who punched the victim in the chest repeatedly to get her to loosen her grip on the bag, police said.

The victim was walking west on Whitney Avenue near 17th Street about 11:30 p. m. Friday when the thief grabbed the purse from behind and tried to run off, police said. The girl held on briefly but was punched repeatedly until she let it go. The man then fled north on 17th Street.

BLING FOR YOUR BUCK

November 25th, 2011 by cartierwatchessalesonline

Winter galas and formal Christmas parties are among us. And if you’ve already got a stunning dress you want to re-wear, and a pair of last season’s heels that could stand a little polishing up, maybe it’s time to invest in an evening clutch. Small yet undeniably mighty, these fancy bags serve the most basic functions (lipstick, ID and cellphone only please!). Good ones also manage to keep up with the stellar table decor where they sit perched most of the night. Popular fabrics include satin, sequins and crystals. For an old-time Hollywood glam look, go for a glitzy round cigar-shaped purse with a sturdy shell. Modern women may prefer long, rectangular envelope bags. Gold, silver, pearl or colourful jewel-toned evening bags add a much-needed accent to a black dress, while colourful cocktail numbers are complemented by the demure darkness of a black satchel. But don’t go too crazy on matching -a classic evening bag pretty much goes with everything.

TIP for ladies who’ve been lusting after a Louis Vuitton or Prada logo bag to call their own: a smaller sized evening bag is often a steal compared to those big leather totes. Purchased wisely, a pretty evening bag in patent leather or velvet might even do double duty at less formal occasions.

Purple reign Velvet is the latest fabric in purses, while Bordeaux is the starring colour of the Prada Winter 2012 collection. That noted, this romantic clutch, $650, is classic enough to be swoon-worthy every season. Available at Prada at Holt Renfrew, 1300 Sherbrooke St. W., 514-842-5111.

Party animal Thanks to designers like Lulu Guinness, who in the ’90s, popularized purses in the form of kissy lips and bird cages, evening bags now come in all shapes and species. This festive “What a Hoot” owl purse made by designer Mary Frances, $275, features beaded eyes and a shiny gem nose. Available at boutique Karma at 2062 de la Montagne St., 514-285-5651.

Mini pop If you aren’t ready to splurge on an investment evening bag, Coach carries several adorable sequin and leather purses in smashing colours like blush and navy (shown here) for $58. Available at The Bay, 585 Ste. Catherine St. W.

Evening sparkle Diamonds may last forever, but this Swarovski Crystal MyBag Silver evening clutch, $750, will surely last a lifetime of soirees. Made with silver calfskin lining and Silver Shade XL Crystal Mesh. Available at Swarovski Crystal store, 677 Ste. Catherine St. W., 514-223-5234, in the Ailes de la Mode shopping complex.

Smooth as satin Anyone who has ever purchased a satin evening bag in a gorgeous eye-popping shade knows how prone the fabric is to scuffs and stains. In Material Girl Madonna pink, complete with bow, this H&M silky bag won’t be a disappointment for a mere $18.99. Available at H&M at Ste. Catherine and Peel Sts.

A piece of art Evening purses are art pieces, fashion statements and jewellery in one little box. This Yves Saint Laurent vintage number from the late ’70s is the gold standard of the lot. Available for $182 (discounted from $260) at ERA Vintagewear at 1800 Notre-Dame W., 514-543-8750.

A Bespoke Bag Style editor Eva Friede needed a big evening bag. So she turned to handbag designer Annick Levesque for a couture clutch. Read about all the details, Saturday in Weekend Life

Style File: Handbags, objects of desire

November 24th, 2011 by cartierwatchessalesonline

Winter galas and formal Christmas parties are among us. And if you’ve already got a stunning dress you want to re-wear, and a pair of last season’s heels that could stand a little polishing up, maybe it’s time to invest in an evening clutch. Small yet undeniably mighty, these fancy bags serve the most basic functions (lipstick, ID, and cellphone only please!). Good ones also manage to keep up with the stellar table décor where they sit perched most of the night. Popular fabrics include satin, sequins and crystals. For an old-time Hollywood glam look, go for a glitzy round cigar-shaped purse with a sturdy shell. Modern women may prefer a long, rectangular envelope bags. Gold, silver, pearl or colourful jewel-toned evening bags add a much-needed accent to a black dress, while colourful cocktail numbers are complemented by the demure darkness of a black satchel. But don’t go too crazy on matching – a classic evening bag pretty much goes with everything.

Tip: Ladies who’ve been lusting after a Louis Vuitton or Prada logo bag to call their own, a smaller sized evening bag is often a steal compared to those big leather totes. Purchased wisely, a pretty evening bag in patent leather or velvet might even do double duty at less formal occasions.

‘Stealing Is What I Do’

November 21st, 2011 by cartierwatchessalesonline

When a Cranston police officer approached a 50-year-old Providence man riding his bike while toting a white bag the night of Nov. 1, they asked him what he was doing. “I’m out here stealing,” he said. “Stealing is what I do.” The man was wearing a coat that was “bulging,” police said. He had been going into unlocked cars and lifting GPS systems and more. He was arraigned, ordered to pay restitution and serve a one-year suspended sentence. Just five days later, he was back at it. Officers were called around 2:30 a.m. for a report of a man on a bicycle stealing from a car. This time, officers found him carrying a GPS unit, a Norelco razor and a Sirius XM radio. “I broke in a couple of cars, up and down the block,” he reportedly told officers. He had another year of probation added to his original charge.

This is disturbing
A 19-year-old Salve Regina University student was arrested after allegedly killing a rabbit with a hockey stick and then using the carcass as a puck. He was charged with felony malicious killing of an animal.

Partners for life, partners in crime
A husband and wife in their thirties were arrested for shopliftingafter they visited a Portsmouth liquor store and allegedly slipped a bottle of wine and a bottle of kahlua into the woman’s handbag. They were apparently caught on the store’s security camera.

Practically turning himself in
A 41-year-old Middletown man led officers down the path to his own arrest after calling police to report that he had been assaulted at the end of a night at the bar. When officers arrived at the restaurant at about 1:45 a.m., they learned from two witnesses that the man was the assailant, not the victim. When officers began to explain the situation, the man apparently threw himself on the hood of his car – making it that much easier for officers to get the cuffs on.

Alert officer spoils home invasion
An alert East Providence police officer spoiled what would have been a home invasion, with possibly three masked men entering an occupied home in the middle of the day. The incident began when the officer spotted a Chrysler rolling along with a smashed windshield and the trunk popped open. He briefly lost the car but caught up to it when he spotted two men standing suspiciously by the side of the road in a residential area. When he approached, the two men ran inside a nearby residenceThat’s when the officer spotted another man wearing a mask and standing beside the Chrysler parked in the driveway. The masked man bolted, and the officer chasing him banged his head and needed stitches, but officers eventually caught the runner, the two men hiding inside the house, and the plan to allegedly invade the house – where the occupants were allegedly smoking pot. All three would-be invaders were arrested.