X


    You’ve Must Be Kidding: $25,000 Chanel Gold Coin

    The most egregiously over priced item of the week brings us back to a Chanel item posted on eBay. Usually we joke that La Maison Chanel perceives their items to be worth more than their weight in gold, but this time the Coco inflation is just too high for any serious collector.

    In 2008, Karl Lagerfeld designed a “limited edition” run of gold and silver coins to mark Coco Chanel’s 125th Birthday. The coin has a portrait of Mademoiselle Chanel on the one side and a giant five on the back. The coin is made of 5 oz of pure gold and is selling on Ebay for, drum roll please… $24,999.

    The five digit price may seem more reasonable than, lets say a $30,000 croc bag, only for the fact that the gold is worth $7890. (At the close of business Thursday gold was trading at $1578 an ounce.) That would make the Chanel premium 300% the metal value.

    To find the true value of this coin we called several experts raging from coin dealers to vintage fashion experts and couldn’t find a single appraisal that came anywhere near the price of this eBay seller. The highest valuation came from a notable high-end jewelry dealer who suggested a range value from $7000 to $9000, “if the right person could be found to appreciate the value of Chanel,” he said.

    In the spirit of full disclosure, we must point out that in 2008 gold was trading at about $815 oz and the coin was offered to VIP customers for  €5900 or about $7500. All things considered, it really wouldn’t have been a tragic investment, but we would stay far away from this purchase now unless you’re a commodity speculator who predicts gold rising to $5000 oz.

    Montblanc Sample Sale Returns

    Montblanc’s “private” friends and family sale is always a great place to pick up sophisticated gifts without breaking the bank. This sale is usually a reader favorite. Although it’s dubbed private it’s not. Period.

    Last season the sale moved to a new location and was taken over by sample sale professionals. Regular shoppers of the sale were not happy. Shoppers wrote that they waited upwards of two hours and were only given 30 minutes to shop. One Montblanc fan said she made it into the sale at noon all the rollerballs or ball point pens were already sold out.

    Those who got there earlier found watches, pens, jewelry, bags and accessories. Most items were 65% off and leather goods were 75% off. All the pens that were under $300 went very quickly– as illustrated above. A limited selection of watches were more $1000. Cufflinks ranged in price from $100 to $300.

    The sale is only two days, starting Monday. There is no restocking and loyal fans turn out in mass for this discount opportunity. Those planning to majorly stock up should be warned that there there is a maximum of five pieces for each shopper.

    Montblanc “Private” Friends & Family
    Monday, March 11 & Tuesday, March 12
    Mon 9am~7pm, Tues 9am~5pm
    260 Fifth Ave. (bet. 28th & 29th St.)

    The Dukes of Melrose Pop-Up on Park Ave

    The founders of Decades, LA’s premier vintage store, are making their reality show premier on Bravo in a new series called The Dukes of Melrose. The New York press junket has officially started and we were lucky to grab a moment with Christos Garkinos and Cameron Silver before the bright lights of fame whisk them away.

    From what little we’ve seen, the show is destined to be as delightful as a Ron Ben-Israel cake shaped as a Birkin bag. Bold face camios include Jennifer Tilly, Sandra Bernhard and Phyllis Diller and “her beaver.” The show focuses on the jet set life of tracking down the most important pieces of fashion along with the day-to-day trails of running a retail operation. Of course, there are jaw dropping scenes inside the closets of some of the world’s largest fashion collectors. When speaking to Cameron, he says that he would like viewers to walk away with a better appreciation for the value of fashion.

    “Fashion is art and we all have style,” Cameron says. “It’s an incredible outlet for self expression.” The show premiers on Bravo on Wednesday at 10:30 but the Decades founders wouldn’t be content letting you just watch beautiful fashion!

    Coinciding with the TV premier, on Wednesday, you can shop the Decade’s Park Avenue pop-up shop. (Not a bad address to pop-up). We got a sneak peak at the merchandise and you can be assured that the duo has brought the best of the best to New York. For the first time there’s even a selection for men. (We hear that the men’s selection is just part of a $10 million wardrobe.)

    First, we have to start with the huge assortment of basic black Chanel bags. There are at least two dozen of very wearable classic styles, which range from tiny to huge. A Maxi caviar with gold hardware is $4000 and several smaller sizes are priced in the $3500 range. (Remember, the Maxi size now retails for about
    $6000 and the medium is more than $5000.)

    Over in the clothing section, there is the requisite Chanel rack. A suit trimmed with chainmaille is $3000, a sweater with a Chanel label on the front is $900 and a gown with a full feathered skirt is $5000. The best deal is a Chanel tweed jacked that comes with a leather skirt for $1600.

    Yes, everything we’ve mentioned is very expensive but we also found some great pieces for less than the price of a vacation villa. A perfect Lanvin black sweater is $270; a Dsquared top is $200; a Prada jacket with a mink collar is $895; an ethereal Oscar de la Renta cocktail dress is $1500; a ‘so cute’ Fendi dress is $660; and a bright orange McQueen strapless jumpsuit is about $900.

    Overall, the best deals can be found in the shoe section. Look for shoes that were worn maybe once or twice for the best discounts. We spotted suede Louboutins for $180; another worn maybe once for $200; never worn glitter platform Zanottis are $300; and never worn croc Tom Ford heels were $700. Yes, there’s also Chanel jewelry. A classic chain belt (easily doubles as a necklace) with a clover is $1000 and a Gripoix logo necklace is $1700.

    You can see a full catalogue of pictures from our shopping trip here. We suggest heading over early if possible. There were some VIP sales Tuesday night and who knows when or if the Decades sale will come back to New York again, especially once the Dukes get their star on the Hollywood Walk of Fame.

    Decades
    Wednesday, March 6 & Thursday, March 7
    10am to 6pm
    583 Park Avenue (@ 63rd st)

    Three Prime Furniture Sales

    The best winter sales may be over but right now seems like an ideal time for snagging deals on furniture. The best finds usually come from showroom floor samples or warehouse overstock.

    Minotti, which is known for their Italian design sensibility, is hosting their annual floor sample sale where discounts range up to 70% off. Retail prices for a Minotti couch, for example, start at about $5000 and go upwards of $20,000 for a larger sectional.

    If you head over to the Altman building this weekend you can shop from a variety of home furnishing companies including Grange, Profiles and Interieurs. Prices are said to range up to 75% off.

    Beloved Jonathan Adler is hosting a floor sample sale across his 24 retail stores. Prices are 60% off retail. In addition, a variety of throws, pillows, vases and bowls are discounted up to 40% off. You can find your closest store right here.

    Minotti Sale
    Through Sunday, March 10
    136 Madison Avenue @ 31st St

    Designer Furniture Sample Sale
    Saturday, March 9 & Sunday, March 10
    10am to 6pm
    Altman Building 135 West 18th Street

    DKNY Sale Has Something for Everyone

    By ManhattanMataHari

    The DKNY sample sale has something for everyone with discounts ranging from 70% to 80% off retail. Quite literally, the women’s clothing selection ranges from size 0 through 14, with a couple racks per size.

    We were floored by the great selection of dresses, including festive cocktail versions that are currently being sold online. Our favorite find was a $355 metallic floral lace peplum dress, a steal for $85 considering the online sale price is still $129. All dresses are $85, but we think skirts, tops, pants and denim are the better deal being that they are priced at just $30.

    Our best finds include leather peplums and leather and ponte pencil skirts. All of the leather and shearling items are priced as marked, so expect to pay between $100 to $250 depending on style. There are some nice $40 silky blouses and good basic shirts from which to choose. Towards the back there is a plentiful shoe section, with lots of shoes for $30 and boots and booties (mostly in larger sizes) for $50. There are some accessories on tables, but the $75 handbag selection isn’t great. We found the $50 belt and playful $30 scarves are better options.

    We were really hoping to see some Donna Karan Collection pieces in the mix, but didn’t have any luck. Although the sale has some good deals on current DKNY the brand isn’t he most difficult to find on markdown. TJ Maxx and Marschalls immediatly come to mind as a sample sale alternative.

    DKNY Sample Sale
    Monday, March 4 through Saturday, March 9
    Mon & Tues 9am to 8pm, Wed & Thurs 10am to 8pm, Fri 10am to 7pm, Sat 10am to 2pm
    260 Fifth Ave (btwn 28th & 29th St)

    You Must Be Kidding: $20,000 Vintage Fur

    The second-hand fur market has never been stellar. Realistically, a coat that’s more than 5-years-old has likely depreciated much as the bride’s maid dress you wore to your sister’s wedding. The technology used in manufacturing new furs make the old, heavier, bulkier styles almost completely undesirable.

    It’s for this reason that we almost fell off our chairs when we came across this ad on Craigslist: “Vintage, Exquisite, 1 of a Kind Natural Tourmaline Arcturus Mink Coat- $20,000.” We were so intrigued by this post that we gave the seller a call. Turns out that the coat is currently in Arizona, was purchased in 1983 (truly vintage) and has been appraised for $25,500.

    Now, this old, out-of-style, out-of-date, coat can be yours for just $20,000. But it gets better! Act now and ready yourself to enjoy the monograming of the prior owner. Tempting right? Unfortunatly, a complimentry trip to Arizona is not available even if you would like to try on this minx of a mink. (For clarity, we are still taking about the coat and not the woman.)

    How much, if anything, would you pay for this blond beauty? Again, the coat!

    McQueen Coming to Madison

    The Meatpacking District had a good run. The neighborhood was anchored with the opening of Jeffery in 1999. Then there was Pastis. A few clubs opened and then swanky lounges like APT. Soon high-end designers like Alexander McQueen, Stella McCartney, Moschino, Matthew Williamson and La Perla were opening large downtown-cool boutiques to swoon the pre-botox customer.

    After almost 14 years, luxury boutiques are slowly leaving the neighborhood as tourists and mass retailers begin to populate the area. Most recently, Alexander McQueen announced that they will be opening a 3,300-sq-ft boutique at 747 Madison Ave (near 65th St.) The new boutique will take over the old Valentino store, which was more recently temporarily occupied as Escada.

    We hear that McQueen is paying $1300-sq-ft or $65 million for the duration of his 15 year lease. That means, that each day the store needs to sell at least 57 scull scarves or eight of these knuckle box clutches just to break even on the rent. No sweat, it’s Madison Avenue. We think this change will definitely inject some additional fillers into McQueen’s bottom line. Now if we could only get some better resturants and nightlife to move uptown too.

    Diptyque Sample Sale

    The Diptyque sample sale starts Wednesday and shoppers can expect to find finely scented candles and room sprays for $30 from $60 and shower gels for $22 from $44. Now that the sale is in a larger space you there will be less overcrowding but we wouldn’t count on stellar variety.

    Room sprays dominated the last sale in a variety of scents including Myrrh, Cyprès, Galliano, Thé, Feu de Bois, Pin Sylvestre, Ambre, Patchouli, Santali and Oranger. Those who hold out for the last day of the sale might be rewarded with a 2-for-$30 markdown.

    Diptyque Sale
    Wednesday, February 27 to Friday, March 1
    Wed 10am to 5pm, Thurs 11am to 8pm, Fri 9am to 3pm
    225 Fifth Ave (btwn 26th & 27th St)