Auction houses like Christie’s and Sotheby’s have grown their handbag businesses in the past decade, as demand for name brands like the Hermès Birkin and Chanel’s flap bag has increased.
In March 2024, the price of a medium Chanel Classic flap bag increased to $10,800, compared with $4,900 in 2016. In a recent Christie’s sale, a large accordion flap bag from the cruise 2015 ...
And maybe Chanel is to blame. Chanel bags, shoes, and tops have been adorned with dainty bows for decades. Last night at the Emmys, Brie Larson wore a bow in her hair and a custom Chanel gown with ...
Pam Danziger reports on retail, focused on the luxury consumer market. Rumors have persisted for years that Chanel’s artistic director Virginie Viard was on her way out. However, in early May at ...