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Chanel has raised global prices on some of its classic handbags by almost two-thirds since the end of 2019.
Chanel Handbag Prices Have Gone Up by 60% Since 2019, Aiming for
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The price of this Chanel handbag just went up: iconic bags now 5
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Soaring prices and scarcity alone do not add to the desirability of our favorite luxury products. We explain the various factors that play a part.
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Double-digit prices hikes have reached the fashion industry. Luxury handbag collector Alyssa Lenore, 31, purchased a Chanel classic flap bag in May 2020 for $5,800. Later that month, the price jumped to around $6,300. Similar bags have jumped nearly 63% since 2019, but demand for these items continues. Watch the video to learn what's driving the rise in prices of these luxury handbags, and how it will impact Chanel.
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Making a financial investment often encompasses a number of different avenues by default: stocks, commodities, and of course, property. The premise, of course, is grounded on the notion that acquiring these assets will generate an increase in income through appreciation over a course of time. But in the luxury consumer space, there exists one rather unconventional avenue of investment that isn’t nearly as frequently discussed: investment bags. While many of us tend to associate the worth of our
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