Chanel is the fashion lover’s hedge fund.
In 2006, a Chanel jumbo flap retailed for $1795.00. Only seven years later, that very same bag more than tripled in value with an astonishing price of $5500.00. Apparently, a Chanel purchase has a Madoff-worthy return (albeit without the fraud)!
Several years ago on assignment for ELLE Magazine in Paris, I was privy to some insider Chanel information shared by a Directrice of the Haute Couture. When Chanel returned to couture collections post World War II in 1954 until her death in 1971, a Chanel Couture suit cost the equivalent of a modern day ready to wear suit (when we consider inflation). It was certainly expensive, but less prohibitive since a Couture suit today can easily cost upwards of €55,000. Demand was much higher in the 50s and 60s for Couture and the larger customer base created a more favorable price point. Therefore a vintage Chanel Haute Couture suit is a variable bargain compared to a current Lagerfeld design.
This brings me to Decades and our 13th annual Chanel sale commencing instore and online on 12 December. Chanel is a smart fashion investment when we consider that the only way is up with Chanel pricing. From handbags to fantasy jewels to classic suiting, the core Chanel wardrobe hasn’t changed much since Gabrielle Chanel opened her first boutique in Deauville in 1913. Chanel liberated women from corsetry and its restrictions while borrowing from menswear designing sporty clothes in jersey knits, including variarions of her iconic four-pocket jacket. A Chanel wardrobe has proven it’s timelessness over the last hundred years and we encourage the Decades shopper to take advantage of our large collection of pre-loved Chanel that history proves will increase in value and never go out of style. At our friendly prices, you may want to take out some closet insurance on your Decades treasures because they’ll put a kid through college someday. www.decadesinc.com
value of Theresa Roemer Birkin
Is it wrong to be enthralled with Theresa Roemer, the ultimate Real Housewife of Houston without a Bravo hit show? Ms. Roemer rose to fame and infamy in the span of a little over ten days. In late July, she was being celebrated for her 3000 square foot closet often used for fundraising parties where women could ooh
over her seemingly enviable collection of Hermès bags, Rolex watches, and Chanel jewels on Good Morning America
. By early August, during a brief getaway to her local country club for a dinner, she failed to arm her house, and a thief conveniently broke in and made out with a million dollars of her loot.
It was a tearful return to ABC television
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with Ms. Roemer now showcasing her empty shelves and gaining our sympathies. Concurrent to her “Don’t Cry for me Argentina” it was revealed that Ms. Roemer was suing her step-son for defamation after he posted inflammatory comments about her on the Neiman Marcus blog that first showcased her closet back in June. A quick peruse of the comments that appear to be unmoderated by Neiman’s might result in a plethora of defamation suits by Ms. Roemer.
However, it really got good a few days ago when the apparent burglar contacted Houston Press claiming the stolen goods were fake! The closet-thief then went on to mail some items to the Press which Roemer has confirmed were actual stolen items. Apparently, the thief contacted Ms. Roemer shortly after the break-in requesting half-a-million dollars in lieu of exposing her fraudulent closet to the public.
Here’s my take away: Theresa Roemer hired a burglar to steal from her shelves and thus she could make a 1 million dollar insurance claim. The burglar had a change of heart and tried to blackmail Ms. Roemer who didn’t acquiesce so now the world knows her closet may have been filled with fakes while Andy Cohen is figuring out how Theresa Roemer can be his new Teresa Giudice since that RHONJ may be making a bee-line to prison. Then again, if my hypothesis is correct, Ms. Roemer and Ms. Giudice could be roommates. Meanwhile, I say Theresa Russell should play Theresa Roemer in the inevitable Lifetime film!
Future Emmy nominee Theresa Russell