High fashion for mortals: Luxe treats under $500
Whoever said brands like Hermes and Balenciaga are reserved for the Rockefellers of the world? Over the years, luxury houses have been expanding their offerings to accommodate a broader range of customers, because the dollars of the ultra-rich, while they come in much greater volumes, differ in no way to those of common folk like you and me. And the more dollars a business can get, the better, right?
This is an increasingly growing trend across the luxury industry, with recent studies suggesting that our share – aspirationals, as referred to by label-happy economists – of the annual revenues of these luxury brands has grown after the recession, while that of their wealthy core customers has experienced a steep decline, from 68% to 38% post-recession. This may be attributed to our insatiable obsession to all things luxe, especially the little knickknacks from fashion jewellery to opulent agendas to Italian-made iPhone cases.
And this affinity for the finer things isn’t expected to go out of fashion any time soon. In fact, it only gets stronger with every key fob or heart-shaped, monogrammed coin purse that a luxury customer acquires. So if you’re looking to add more fuel to your burning passion for these trinkets, we’ve gathered a handful of luxurious treats, all under $500, that you can set your sights on for your next trip to Fashion Avenue.
Intrecciato nappa leather BlackBerry and iPhone cases by Bottega Veneta, $270 (AED 1,000)
Ulysse MM Notebooks by Hermes, AED 1,030
Kelly Double Tour bracelet by Hermes, $420 (~ AED 1,545)
Classic bracelet by Balenciaga, $195 (~ AED 720)
Parlez-moi d’Amour by John Galliano
Glamour by Moschino