The luxury market has been exploding in recent years. Despite raising prices 1-2x an year, Louis Vuitton and Chanel has no trouble selling out of certain styles.
The timing was right when I got my Chanel classic medium flap bag in caviar black last summer. I was lucky because I didn’t have to pay retail :) (don’t ask how) and it was strategically planned before the hefty August price increase. I keep an eye on the Chanel price increases – not that I plan to purchase another Chanel bag in the near future – but I’m a numbers person.
Here’s a brief timeline of the price hike over the years. Research was done mostly on thefashionspot and TPF. I can’t imagine how much this bag was in 1992, when I first wanted it.
- August 2005 – $1475
- December 2006 – $1595
- March 2007 – $1995
- June 2009 – $2395
- July 2010 – $2695
- August 2010 – $3400
- June 2011 – $3900
Pretty ridiculous, huh? Chanel is successfully getting out of reach…