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PARIS — Bad news for Chanel customers: the French luxury house is raising prices again. Bruno Pavlovsky, president of fashion and president of Chanel SAS, said the brand was hiking the cost of ...
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In the 1920s, Coco Chanel became tired of having to carry her handbags in her arms and decided to design a handbag that freed up her hands. Inspired by the straps found on soldiers' bags she added thin straps and introduced the resulting design to the market in 1929. [1] [2]
As handbags grew into the mainstream in the 20th century, they began to transform from purely practical items to symbols of the wearer's wealth and worth in society. The styles, materials, prices, and, most importantly, the brand names of purses and handbags became just as (if not more) valuable than the functionality of the bags themselves.
An authentic classic Chanel handbag retails from around US$4,150, while a counterfeit usually costs around US$200. Beginning in the 1990s, all authentic Chanel handbags were numbered.
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