Perhaps the country’s best known fashion enthusiast

Luxury fashion draws serious collectors

Twice a year, in January and July, fashion aficionados gather in Paris to watch as the latest couture collections are unveiled. Most attendees are looking for cues to coming trends, styles and colours.

Others are there to shop

Buying couture doesn’t come cheap, as each custom gown may require hundreds of hours of concentrated effort. Despite their high initial cost, designer fashions aaa replica designer handbags can increase in value over time. Buyers with cash to spare pursue couture collections for their investment value as well as their personal appeal.

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What is haute couture?

By law, the term “haute couture” has a strict definition. Fashion houses designated as “grand couturiers” must appoint a permanent head designer to create a minimum number of original designs, employ a specified number of people and present a set number of outfits, usually in Paris, at the twice yearly couture fashion shows.

The requirements for haute couture have eased slightly since their creation in 1945, but the list remains an exclusive group with instant brand cachet: think Chanel, Christian Dior and Givenchy.

The garments themselves high quality replica handbags china are made by skilled craftspeople such as lace makers fake designer bags , seamstresses, tailors and leather workers, all of whom may work their entire careers at a single fashion house.

Who buys it?

The price of a couture garment is negotiated and never advertised, but the materials , Discount Replica Louis Vuitton Bags components and sophistication can push prices into the millions of dollars. As a result, each couture piece is a serious investment, akin to a work of art.

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Who are the buyers? Unlike previous decades, when most purchasers were from France’s society elite, today buyers also come from China, the Middle East and Russia, places that have demonstrated growing interest in couture and are influencing style globally.

The worldwide market for haute couture is small, estimated at about 4,000 customers. Many of the designers who issue haute couture collections also offer ready to wear (or prt porter) collections that are priced more accessibly than couture pieces, although still at the elevated prices befitting fake designer bags luxury goods.

The market for luxury fashion in Canada is Perfect Quality Louis Vuitton Replica small but occupied replica louis vuitton by some big names. Perhaps the country’s best known fashion enthusiast is Suzanne Rogers, who since 2010 has brought together her dual passions of philanthropy and fashion via Suzanne Rogers Presents, fundraising events that bring international designers and their collections to Toronto.

Couture as an investment

For the fashion houses who produce it, haute couture is widely understood to be a “loss leader,” a product often sold at a loss but used to replica designer handbags draw attention to other products. Most houses report no profit on it and in fact may record losses. Nevertheless, couture is often viewed as a long term investment that will raise brand visibility that spills over, in turn, to the designer’s profitable lines, cheap louis vuitton bags from china uk such as ready to wear collections and accessories such as handbags, jewellery and fragrances.

For the purchaser, however, a couture piece may in fact be an investment, an asset that, along with real estate, precious metals and antiques, will be uncorrelated to the ups and downs of the stock market. Ready to wear pieces, too, can be viewed as investments.

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Because luxury brands can hold value and may even grow at a rate that outpaces inflation, allocating a portion of your savings to high end fashion can make financial sense.

Selling your investment

Those who invest in luxury fashion will likely some day sell it, and replica louis vuitton handbags this is where auction houses come in. In recent years, Sotheby’s and Christie’s have entered the world of luxury fashion.

Just last week, an auction of designer handbags at Christie’s in Paris set a record, with sales totaling $3.5 million.

The resale value of luxury fashion goods has spawned a strong secondary market, where owners can sell pieces on consignment.

In 2014, the RealReal reviewed its database to determine which brands have the highest resale value and which hold their value the longest. At the top of the list were Chanel, Louis Vuitton, Herms and Cartier; among the weaker performers were Versace and Etro.

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Prices are related to how exclusive brands are perceived to be, the site found. Chanel and Herms, for example, do not Fake Louis Vuitton Replica Bags hold sales in their stores and have a limited number of outlets, which contributes to a sense that their goods will have lasting value.

Collecting high quality designer replica handbags wholesale luxury goods comes with risk, of course. Although collectibles can add diversification to a portfolio and provide a hedge against inflation cheap replica handbags , they are less liquid, meaning investors can’t easily buy or sell them in the same way as traditional investment asset classes.

Prices can be volatile as well, as their value is highly subjective and is influenced by personal taste, trends and even by politics, such as if a designer falls out of favour. Finally, transaction costs can be high an auction house might charge a commission of 25 to 30 per cent.

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