Apparently, Recessions Make Rich People Want to Spend More: Here Are 10 Handbags That Cost Five-Figures
With recessions and economic uncertainty plaguing retail all over the world, you would think products like $39,000 handbags wouldn't do so well, right? Wrong. Apparently, the luxury market has been doing so well it's spawned a new market: hyper-luxury.
Instead of tightening their belts, wealthy shoppers are just raising their standards, according to WWD. People want to invest (if you can call it that) in extra special things, even if that special touch, whether it's an exotic skin or customization, makes the item that much more expensive. And designers like Fendi, Tom Ford and Victoria Beckham are more than happy to cater to those people.
Alber Elbaz puts it nicely: “If a handbag is the price of a house,” he says, “the customer wants to make sure she’s the only one who’s got it.”
Are these things expensive enough for you, luxury customers?
With recessions and economic uncertainty plaguing retail all over the world, you would think products like
Tom Ford fox and alligator hobo, $30,890
Fendi mink and cotton Peekaboo handbag, can be made to order in prices ranging from $4,140 to $44,275
Fendi's Selleria collection can be made to order with prices as high as $38,000
Roger Vivier silk-lined straw marquetry clutch (left), $19,850
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Yves Saint Laurent crocodile Muse bag, $19,950
Dior crocodile Lady Dior handbag, $29,000
Prada’s crocodile handbag, 29,000 euros, about $41,400;
Bottega Veneta leather and crocodile Cabat handbag, $21,800
The Row crocodile backpack, $39,000
Victoria Beckham crocodile bag for Selfridges, £8,995, or about $15,000
