Saturday, December 13, 2008

Handbags at Dawn

Fashion Recession

"It's not just the luxury stores. Judging from these auction results, the economic contraction is hitting the market for vintage fashion, including such supposedly sure investments as Hermès bags. This wine-red crocodile Kelly bag from 1990 was expected to go for £8,000 - £12,000. It sold for £4,000, with a single bid. Surely the much less classic It bags of recent years will find their prices crashing even further." (Don't ask why I was surfing on at 2am....)

Posted by drewster @ 02:26 AM (666 views)
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