It’s not hard to remember when the phrase “fake bag” automatically brought to mind images of plasticky, faux Louis Vuitton monograms, but according to a Women’s Wear Daily investigation, that’s no longer the case in New York City’s Chinatown. Instead, knockoffs of less-expensive brands like Tory Burch and MICHAEL Michael Kors are taking over.
It’s the end of an It Bag era. Late last week, Women’s Wear Daily broke the news that after a dozen years in continuous production, Louis Vuitton would be ending its Monogram Multicolore line for good. The line was the last of the brand’s popular collaborations with artist Takashi Murakami to still be manufactured, and it’ll be gone from stores by the end of July.
A couple months ago, I reviewed the bags from Fendi’s Resort 2016 lookbook and noted that many of the bags were hanging from thick, wide straps that were unlike those the brand generally includes with its bag. At the end of last week, we learned why: Women’s Wear Daily reports that they’re part of the new Fendi Strap You line, and they’re sold separately.
If you’ve been tuned into Louis Vuitton‘s and creative director Nicolas Ghesquiere’s various social media channels over the past week, you’ve probably seen this coming little by little, but we now have enough of the Louis Vuitton Fall 2015 ad campaign, dubbed Series 3 by the designer, to collect and evaluate the effort.
A maximum price that collectors are willing to pay for a rare Hermès Birkin surely exists, but based on a Christie’s auction in Hong Kong on Monday, we have yet to find it. One bidder is now the proud owner of the pink crocodile Birkin you see above, to the tune of $221,844.
Louis Vuitton has changed a lot over the past couple of years, and by the numbers, the shifts in strategy are starting to look like they’re working. According to research firm Millward Brown, Vuitton held onto its spot as the world’s most valuable luxury brand in 2014, and it was one of only two that gained value.