You’ll never find weirder, more wonderful designer handbags than you will at a luxury handbag auction. Auction houses source their finds from high-spenders, some of whom are lifetime collectors that have earned special-order privileges with their favorite brands after years of purchasing the bags most of us can only dream about.
Hermès Handbags and Purses(Page 7)
What’s that you say? The world’s most expensive and exclusive handbags have the most expensive luxury retail address on Madison Avenue at which to rest their rarified haunches in anticipation of being scooped up by the world’s elite? Preposterous.
Ok, so it’s not exactly shocking that the Hermes flagship boutique at the corner of Madison Avenue and 62nd Street, smack in the middle of Manhattan’s toniest retail district, pays the most rent per square foot of space on the famed avenue.
It’s been a big week for luxury theft in the news. First, a woman in England was found guilty of stealing nearly 1,000 designer handbags, one by one, over a period of three years. If that weren’t enough, yesterday came word that an entire Hermes collection had been stolen off the back of a truck in Milan, forcing the cancellation of an Hermes press preview that had been scheduled.
In some ways, I find pre-owned bags more exciting than bags that are brand new and available at the click of a button all over the Internet. Finding a gorgeous pre-owned bag, whether it’s a discontinued colorway or special-order piece, makes me feel like I’ve spotted an endangered species in the wild, except that for the right price, I can take it home and make it my own.
And the luxury leather goods slap-fight continues! Just when you thought that LVMH might be appropriately chastened by its multi-million euro fine for using what amounts to using subterfuge and trickery to compile a rather enormous stake in family-owned Hermes, the French fashion conglomerate, helmed by Bernard Arnault, goes and does it again, according to Women’s Wear Daily.