Vuitton Tones Down Bling in Russia as Wealthy Go Discreet
To by and Hermes bag today could mean being on a waiting list for months but now Christie’s offers the opportunity to snap one up immediately. Here, Femail exclusively shows you a selection of the bags going to the highest bidder. Christie’s Selection Brights lot features some eye-popping summer shades to spruce up tired visit this page wardrobes Top seller: Lot 33, the 2011 35cm amethyst matte crocodile Birkin bag has a whopping final sale estimate of up to 26,000 Two Hermes beauties: A 2010 rouge cerise bag with padlock, keyfob, dustbag and box, estimate: 6,000 – 8,000 (left) and a 2010 jaune d’or and pumpkin bag, estimate: 5,000 – 7,000 (right), both 35cm Epsom leather Birkins with silver palladium hardware Lot 54: A 42cm 2007 monogram canvas ellipse bag by Louis Vuitton, with goldtone metal hardware and fittings for a shoulder strap, estimate 500 – 700 The highest lot in the sale is an amethyst matte crocodile Birkin Hermes bag with an estimate of 24,000 – 26,000. The auction house have said they expect the entire auction total to raise in the region of 400,000. The handbags feature among an enticing collection of 102 exquisite items, including a variety of day wear, larger luggage, jewellery and limited edition pieces by iconic labels including Chanel and Louis Vuitton.
Louis Vuitton series sets off as America’s Cup drama begins
and U.S., and by 5 percent to 10 percent in Asian markets including China, Hong Kong, Taiwan and Singapore, the analyst wrote. The euros strength against some currencies may lead LVMH to charge more, Chairman and Chief Executive Officer Bernard Arnault said Jan. 31. Vuittons price increase in Japan, the biggest ever by the brand in the country, was taken to offset the impact of the yens slide on sales, the company said Feb. 20.
Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says
Sales of luxury goods in Russia expanded 6 percent to $8.8 billion last year, versus 4.6 percent in 2011, helping reverse a 20 percent decline between 2007 and 2009, according to Euromonitor International Plc. While thats slower than Chinas 18 percent luxury growth in 2012, its far better than western Europe, where sales fell 1 percent last year as the debt crisis weighed on domestic spending, the researcher estimates. What were seeing now is a comeback in Russian demand for luxury goods, said Hermes International (RMS) SCA deputy chief executive officer Patrick Albaladejo. God-given Talent European brands such as Vuitton have already started toning down the bling as they contend with homegrown Russian labels such as Vika Gazinskaya, Alexander Terekhov and Uliana Sergeenko, who reckon they know better what shoppers want. Terekhovs latest collection features simple silk floral dresses, while Sergeenkos spring couture covered more flesh than it showed. Sales of Gazinskayas collections of 1,500-euro ($1,980) dresses have doubled in the past year as shoppers seek something different, said the 24-year-old designer. With 25 outlets, including in Paris, New York and Hong Kong, Gazinskaya says shes seeking investors to fund more expansion. There are no limits really, she said by phone from Venice, Italy, where she was hanging out at the Biennale art exhibition.
Organisers originally predicted 15 teams would compete. Instead there are four. By demanding teams sail multihulls (the defending champion gets to set the rules of the Cup), Ellison set the cost of the boats at up to $US8 million, and the global financial crisis stopped many players from taking part. This year, with Artemis injured and Italy sailing a copy of Team New Zealands first boat, the competition during the Cup may not be as strong as hoped. Bets are on New Zealand to take out the challenger series and battle Oracle for the title in September. Weve had by far the most hours on the water in the new boat, says a Team New Zealand spokesperson. We were first on the water and have had more time on the water. Were a well organised campaign. It was Ellison who also decided to set the race in picturesque San Francisco Bay, promising a sporting event that would showcase the city and bring tourists in droves. Organisers have taken advantage of the first in-shore Cup venue, erecting a 9000-seat pavilion to hold concerts by Sting, Weezer, Train and the San Francisco Symphony.The venue will also be used to broadcast the races on giant screens.