Chanel Price Increase *please include location*

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#11,558
midnitee said:
I think minis are considered part of the classics. My guess is that these will be hit hardest as they are the most reasonably priced and in demand of the classic line!
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Seriously, I am hoping for no more than $3300 for the rectangular and maybe $3100 for the square one. Such a shame. I want a mini, but am not loving any of the color options for Cruise 18. :yucky::sad:
 
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#11,559
Elaria said:
Seriously, I am hoping for no more than $3300 for the rectangular and maybe $3100 for the square one. Such a shame. I want a mini, but am not loving any of the color options for Cruise 18. :yucky::sad:
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I hope so too. I already preordered a mini rectangular black caviar with shw through hirshleifers so I think I lucked out with the price increase, but cannot imagine buying a Jumbo at the new prices. I guess they are trying to become more exclusive like Hermès, but they seriously need to improve their quality first [emoji22]!
 
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#11,560
Elaria said:
Thanks for posting this. Does classics include the mini? I hope not.
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I was hoping it was only going to be limited to the small, m/l, Jumbo, maxi. [emoji30]

Minis are just lovely to collect in cute colors. I’m glad I found two I love from 17B (red and rose gold). These may be the only ones for now.

Nothing about Boys, so that’s good. I have my eye on a Cruise boy.
 
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#11,562
Disclaimer...this post may interest exchange rate geeks like me more than others!
I did some calculations...currently ( with the Europe price increase)the prices for classics (atleast medium, jumbo) are pretty close for the US and Europeans living in Europe. Of course American visitors to Europe can avail of the vat refund which helps drop the the price. I used the medium classic as an example: exchange rates as of 10/31/2017. Euro to usd is 1.16 and gbp to usd is 1.32

US price is $4900 (sales tax ranges from about 4 to 10%) so using an avg 7% total price would be ~$5243

Euro price is €4480 or $5213 for European residents

UK price is £3990 or $5273 for UK residents

US visitors to Europe can conservatively get back atleast 12% or a little over $600 back in VAT refund (of course you may have to pay some tax upon entry to the US though)

So my personal opinion is that maybe the increases will be closer to 5% then 10 if Chanel wants to harmonize prices across geographies. Otherwise unless Europe sees another increase or the dollar loses value..it will again become much more tempting to buy in Europe. A 10% increase would take that VAT refund figure into 4 figures or over $1000!

As a side note I think only Chanel has been trying to increase in Europe aggressively over the past year. I find that Dior and LV are still considerably cheaper in Europe.
 
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#11,564
Newbie2016 said:
Disclaimer...this post may interest exchange rate geeks like me more than others!
I did some calculations...currently ( with the Europe price increase)the prices for classics (atleast medium, jumbo) are pretty close for the US and Europeans living in Europe. Of course American visitors to Europe can avail of the vat refund which helps drop the the price. I used the medium classic as an example: exchange rates as of 10/31/2017. Euro to usd is 1.16 and gbp to usd is 1.32

US price is $4900 (sales tax ranges from about 4 to 10%) so using an avg 7% total price would be ~$5243

Euro price is €4480 or $5213 for European residents

UK price is £3990 or $5273 for UK residents

US visitors to Europe can conservatively get back atleast 12% or a little over $600 back in VAT refund (of course you may have to pay some tax upon entry to the US though)

So my personal opinion is that maybe the increases will be closer to 5% then 10 if Chanel wants to harmonize prices across geographies. Otherwise unless Europe sees another increase or the dollar loses value..it will again become much more tempting to buy in Europe. A 10% increase would take that VAT refund figure into 4 figures or over $1000!

As a side note I think only Chanel has been trying to increase in Europe aggressively over the past year. I find that Dior and LV are still considerably cheaper in Europe.
Click to expand...

This was fascinating!! Thanks for sharing, super useful!!
 
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