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That Spring Bag Really Is More Expensive Than Last Year!

02/04/2007 at 06:00 AM ET

Started looking at the new spring clothes and gone into complete sticker shock? You are not alone. We are noticing that prices seem noticably higher than, oh say, a year ago. What’s the deal? Ann Watson, VP fashion director of trendy Manhattan department store Henri Bendel, confirms our suspicions. According to Watson, prices have actually been growing for the past four years: “An average luxury handbag four years ago cost between $900 and $1100, but today the average bag is $1400 to $1900- that’s quite a significant difference!” Check out this new Fendi canvas bag that is $1430 at net-a-porter.com. The reason for this jump is based on simple economics — many materials and labor come from Europe where the dollar is much weaker than the Euro, which means rising prices at the mall. And it’s not like fashion is getting simpler, as Watson points out, “For spring, there are a lot of rosettes, ruffles and trims that consist of a lot of hand work and definitely drives the prices up.” Ironically, the luxury market keeps getting stronger despite the growing prices, with sales continuing to climb. What do you think? Have you noticed a price rise? Is it stopping you from shopping?

Photo: Net-a-porter.com

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Showing 29 comments

Alexandra on

That bag is HAUTE. Check out my blog everyone!

Ginamig on

I love designer handbags and accessories but the prices are so steep! As a stay at home mom I could NEVER justify more than $100 for a handbag, that is why I love a new up and coming designer. Her name is Kathy Van Zeeland and her styles are fantastic and all her handbags are affordable (under $100). I would love People to profile her!

Crystal Beach girl on

It looks like the Target logo!

ma alfano on

Are we all lemmings? What a vicious cycle. The mags show us what the celebs are sporting because it sells more copies, we buy the stuff {being the loyal followers}and buy more mags. Meanwhile every day the papers show us horrific pictures of the reality of what is really going on in the world. And we dont have a clue nor inclination to respond. {Just keep buying those handbags}

C on

Ginamig – Took a look at Kathy Van Zeeland’s website. Really cute bags! Thanks for sharing the info!

cecilia on

I’m a very petite woman and the bag would just be too much.
I really like it though.

Angela Seal on

I love it! Its totally cute, but seeing that i’m only like 14 i can’t really afford it…i think i’ll just stick with coach and kathy van zeeland!

Amanda on

I would never be seen with that bag. I am not a big red fan so i would have to say it is ugly

Lisa on

Can anyone help me find a handbag featured on the page of versatile satchels. GUESS by MARCIANO “ocean drive”. Thanks everyone!!!

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