Luxury fashion houses such as Chanel and Louis Vuitton have increased prices for some of their signature bags in the last few years.
The French luxury house’s other signature bags, such as the Boy, the Gabrielle and Chanel 19, have also increased by 10 to 15 percent in price.Louis Vuitton
According to Sotheby’s, Chanel has increased the price of its handbags four times since the pandemic began in March 2020. Additionally, following the Hermès strategy, the label has placed a limit on exactly how many bags a customer can purchase per year in its efforts to make it more exclusive, though restrictions may differ depending where they are purchasing from, whether it be New York, Shanghai or Paris, among others.
It’s no secret that coveted designer goods have increased in price with time due to inflation and other contributing factors. In 1990, the price of Chanel’s Medium Flap Bag was reportedly $1,150. When it was first introduced in 1955, the handbag was sold for $220.
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