CHANEL’s “Classics” just got a little more so..

According to sales associates at several of their Manhattan boutiques, prices are going up, up, up starting Feb 1 from $50 to several hundred dollars commensurate with demand for the item. Topping the list is the Jumbo Classic Quilted Caviar Chain Bag which will go from $2650 to $2995. And the funny part of it is- Chanel deflects any bad press from potentially disgruntled bagaholics by telling them they should be lucky to have one!

According to the boutique on 57th Street there is a 30-35 person waiting list. Who do they think they are— Hermes? As much as it pains me to admit that I bought a bag “off the rack”, I must tell you that I bought this very bag at that very store about a month ago and there was no wait at all- so who knows. I suppose now I can sell it for what I bought it for and it will still be under market value, making it the only “appreciated” asset I’ve owned in a very long while.

Photo Credit: iPhone. Bag Credit: mine!

Posted by FDB