Shrewd and trendy shoppers are snatching up Chanel bags and purses in hopes of keeping their cash from losing value amidst staggering inflation.
Shrewd and trendy shoppers are snatching up Chanel bags and purses in hopes of keeping their cash from losing value“My husband bought me one when he was on a business trip and he spent about $5,500 on it, and the price today for that same bag is $8,800,” boasted attorney Rebekka Or outside Chanel’s New York flagship store on East 57th Street.
“We find that Chanel handbags, traditional Chinese works of art, and wristwatches offer the best inflation protection, while fine wines, modern and contemporary art, and American and Latin American art tend to suffer in high-inflation regimes,” the report, issued last month, stated.a set of four lambskin minisAccording to Credit Suisse Research Institute, the bags are among the luxury products that “offer the best inflation protection.”Tech exec Amber S.
Jamey Cook, who travels to the Manhattan boutique from her home in Hoboken and averages one new Chanel bag per year, can also attest to their value as an investment. “You see people who have been collecting Chanels over the years and they want to know what’s coming in because they’re looking at the investment and hearing about the price creeping up and do they want to go back to Bloomingdale’s and pay $800 more for the same purse, so they’re speaking from a purely economic investment,” she explained.
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