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On a sunny May morning in New York’s upscale Fifth Avenue retail corridor, Carron Ryan stopped to admire a diamond-encrusted Van Cleef & Arpels necklace in the window of the Bergdorf Goodman department store. Louis Vuitton’s sprawling flagship store was right across the street, but she turned her nose up at its lineup of logo-stamped satchels and tote bags.
“It looks a little trashy, ” Ryan said. “It’s better to be subtle.”
Ryan’s fondness for low-key, logo-free pieces is shared by a growing number of wealthy shoppers, experts say, who prefer to shell out for unique, hard-to-find pieces instead of highly recognizable handbags from big-name brands such as Louis Vuitton, Gucci and Prada.
The shift is largely about adapting to a moment in high-end fashion when personal taste and individuality — not conformity — are the ultimate badges of cool. But experts say the penchant for more discreet luxury goods is also partly being fueled by the simmering political debate about income inequality, which is leaving some big spenders worried that it is tacky to carry a purse that practically announces its four-figure price tag.
“We clearly can see that this is something where people are not wanting to show their wealth quite so conspicuously, ” said Sarah Quinlan, who studies consumer spending patterns as the head of market insights for MasterCard Advisors.
People walk past the illuminated exterior of a Louis Vuitton store in Shanghai, China. Newly affluent Chinese customers are no longer clamoring for the flashy luggage. (Tomohiro Ohsumi/Bloomberg)
This new attitude has helped create a rough patch for some of the titans of the luxury retail industry. Louis Vuitton, Gucci and Prada ascended as icons of global wealth as their $5, 500 handbags and $695 silk scarves became status symbols from New York to Shanghai.
But today’s luxury shopper has soured on such obvious signs of affluence, in particular the logo-emblazoned goods that these brands became known for as they aggressively opened stores in emerging markets and in smaller cities in the United States and Europe.
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Do pawn shops take designer sunglasses? | Yahoo Answers
I have a rare pair of aviator ray bans that my grandpa gave me these are worth about $2500 because of 18k gold and they are vintage. I need to get a new compresser in my car and it is about a grand I was wondering if the pawn shop would be able to give me this amount as a loan for these rare sunglasses. I was also wondering if I apply for the loan do I pay the interest on the spot . I plan on getting these glasses back . Because my grandpa gave them to me they have great value to me. Thanks for the help
I have a rare pair of aviator ray bans that my grandpa gave me these are worth about $2500 because of 18k gold and they are vintage. I need to get a new compresser in my car and it is about a grand I was wondering if the pawn shop would be able to give me this amount as a loan for these rare sunglasses. I was also...
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