This art-as-asset business is directly related to the fashion worlds adoption of contemporary art as its own beloved child, although its an open question as to which came first. Is the relationship a good thing, a bad one, or or neither? On the upside, these endeavors place art in front of people who may not have ever been to a museum, let alone a contemporary art museum or gallery. On the downside, theres a real danger of funneling art into a commodity-driven modality. Using art as decor for retail environments instrumentalizes and conventionalizes the work solely for monetary gain. It often reduces the art to nothing more than an extremely expensive sofa accompaniment.
‘Hermes is known as the leading luxury handbag designer and it is unsurprising that the iconic Birkin and Kelly designs continue to thrive at auction,’ says Pat Frost, director of Christie’s fashion department. ‘Exquisite quality is at the heart of Hermes handbags and this sale offers the creme de la creme of Hermes designs with a number of timeless pieces visit this site and rare exotic leathers. ‘The online-only format of this sale follows hot on the heels of our successful Vintage Couture: Handbags, Luggage and Accessories sale in April this year. ‘This sale which runs for 10 days provides another extended opportunity for buyers around the world to purchase handbags and accessories by some of the greatest designers of all time.’ Handbag history: A lesson Hermes Kelly and Birkin bags continue to be highly sought-after and have become increasingly popular since they were first designed. Birkin bags were inspired by English actress and singer Jane Birkin in the 1980s. In a chance encounter with the former Hermes CEO on an airplane, the celebrity suggested the design for a weekend bag, which paved the way for the consistently popular Birkin bag. The Kelly bag was named after Grace Kelly, who in 1956 had just become Princess of Monaco and was seen carrying the original leather ‘Sac a depeche’ to hide her pregnancy.
Antoine Belge, an analyst at HSBC , revealed the cost increase applies to non-leather goods such as the popular canvas versions of the Speedy handbag and Neverfull tote. LVMH, the luxury brand’s parent company, introduced the price hike across its main markets at the beginning of the year in an attempt to keep on top of sliding currencies. Pricey accessories: Louis Vuitton has raised the prices on many of its best-selling items by up to 12per cent – pictured is the Speedy handbag (left) and Neverfull tote (right) According to analysts’ estimates canvas items make up about two-thirds of Louis Vuitton’s total accessories sales. Price increases of around ten per cent were spotted in the euro zone, and of ten per cent or more in the UK and in the U.S. over recent months. It also noted hikes of five to ten per cent on the same goods in several Asian markets including China, Hong Kong, Taiwan and Singapore. Where ARE your clothes made, Juicy Couture?
With Fall comes a whole host of fashions and accessories. Louis Vuitton teamed up with sibling fashion duo Jake and Dinos Chapman a.k.a. the Chapman Brothers to go in on the Fall/Winter Accessories collection. Known for their eye-catching and provocative designs, The Chapman Brothers brought a new element to the Louis Vuitton brand. The bags and home scarves are adorned with a heavily embroidered and colorful pattern, compliments of the Chapmans. The edgy patterns have navy blue and red bases, with owls, vines, flowers, sharp-teethed koalas, and even an eye ball as part of the design. This limited edition collection will be dropping soon at Louis Vuitton stores worldwide. Check the gallery after the jump to some of the pieces and the design.