Talk about status symbols and there is one, which all the rich women would love to flaunt! We are talking about the Louis Vuitton Tribute Patchwork, the ultimate status bag that costs for a staggering $52,500.One such bag is expected in Washington, ordered by a lady, whose name the company refrained from disclosing.
The bag is hand made in France with the help of 14 LV bags cut up and sewn together, with only 5 pieces for sale in North America and 24 worldwide. R&B superstar Beyonce Knowles is one of the five to possess it, while the names of the other four have not been disclosed.
According to Milton Pedraza, chief executive of market-research firm the Luxury Institute, the ultra rich desire commodities that set them apart from the mere rich class, and they do not mind paying any amount of price for this. Thus, the retailers oblige the buyers with extraordinary looking products, with price tags to match their looks. Here the product is less important than the number of people who can afford it.
A bag auctioned by Doyle New York in 2005 went for $64,800, making the Tribute Patchwork bag the second most expensive one in the world. The race for the top slot is still on, as Chanel is all set to launch an alligator skin and diamond studded bag in December, which is expected to cost $260,150.
Anyone who is interested, please order the Tribute Patchwork bag, months in advance!
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