Price of Chanel Bags Could Skyrocket in August


"European Chanel experts" tell Madison Avenue Spy that the price of classic style Chanel bags just went up 20 percent on the Continent. A price hike on Chanel purses is rumored to occur here on August 1. In 2008, the Reissue bag that now costs $3,600 cost only (only!) $2,850. Come August 1, the price could go up to $4,100. Madison Avenue Spy notes, "Remember, price hikes are always rumored and your stockpile of Chanel bags will not sustain you during a nuclear explosion." [Madison Avenue Spy]