Runway shows are only half the story; you don’t get the full picture of what a designer has planned for a season until the lookbooks and price lists come out, and thanks to Moda Operandi, a lot more of that information is now made public in a timely manner than ever before.
Heritage Auctions already holds the record for selling the most expensive handbag of all time, a diamond-encrusted Birkin that sold for more than $200,000 in 2011. With the house’s upcoming Luxury Accessories Signature Auction, it may well break its own record with an ultra-rare, incredibly covetable Hermès Himalayan Crocodile Birkin, finished with diamond-encrusted hardware.
The whole trick of the luxury industry is to make consumers feel like they’re buying something rare when, in actuality, whatever we’re buying is almost certainly made in enormous quantities. As the industry expands, putting your hands on something unique gets harder and harder, which is why I took note of these Dolce & Gabbana Sicily Small Patchwork Exotic Bags at LUISAVIAROMA – they’re all one-of-a-kind.
For the highest tier of luxury brands, there’s nowhere to go but up. The world’s super rich just keep getting richer, and because the Internet has opened up access to the world’s finest clothing and accessories to a wider range of consumers, the stakes of one-upmanship among the yacht set are forever rising.