Word: vuittons
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Dates: during 2000-2009
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There was a time when fashion designers could make or break their career on a sexy silhouette or an unusual use of color and fabric. Now most fashion careers are subject to the whims of handbag consumers. With huge margins and high visibility, bags like Chloé's Paddington and Vuitton's Murakami can add hundreds of thousands of dollars to the bottom line, or a nice $300 million in the case of the Murakami. So luxury kings like Bernard Arnault, owner of mega-brand Louis Vuitton, fret over the star power of each one they produce...
...respects. As the '80s look comes roaring back, designers have turned to Versace for inspiration, showing Miami-inspired prints on evening wear. Alexander McQueen took his cue from the short, sexy Versace dresses celebrities like Madonna favored, and Stella McCartney studded jackets in a Versace-like fashion. At Louis Vuitton, Marc Jacobs reinvented Versace's fall 1993 cowboy collection with fringed and studded minidresses complete with a witty version of the house's Medusa logo...
...left: Oscar de la Renta satin and sequin clutch, $1,275 (at Bergdorf Goodman); Ralph Lauren Collection alligator clutch, $4,000 (at select Ralph Lauren stores); Gucci 18-karat gold bracelet, $5,400, and satin evening bag, $1,650 gucci.com) Valentino moccasin, $640 (at Valentino boutiques). Opposite page: Louis Vuitton cabochon Musette bag, $10,700 vuitton.com
WHAT'S BEING BOUGHT AND SOLD? The most popular consumer goods on eBay are designer handbags, shoes and accessories, and high-end crystal, furniture, art and electronics. There are other auction sites too. Amazon has a cooperative marketplace with a store-within-a-store concept, like a Louis Vuitton boutique in Bloomingdale's. Google just launched Base, which brings buyers and sellers together through advertising. Then there are niche players like [my company] portero.com for luxury goods...
...kind of thing." Rich makes house calls?he has delivered clothes to model Stephanie Seymour in Connecticut and to Julia Roberts when she is in town?but he has never boarded a plane for a client, and his digs are nothing like the vault-like VIP suites at Louis Vuitton. He doesn't shut down the store for celebrities. "Never, never," he says. "I bring them to the basement...