Insiders Guide To Late-Summer Sales Hitha Prabhakar, 08.13.07, 5:30 PM ET A $14,000 handbag for $1,000. A pair of $1,000 sling-back stilettos for $200. True Religion jeans for $50. Sound too good to be true? Its not for those who know the right way to shop the sales most big department stores (and some boutiques) mount this time of year. Handbags Eleonora in Italy: Mid August The Eleonora Boutique in Milan has the best selection of designer handbags in Italy, says Jasmine Serrurier, a local personal shopper. Insiders at the store say they let frequent shoppers know when merchandise is about to be discounted so they can have first dibs on brands like Prada, Gucci and Chloe, at up to 40% off. But if those customers are willing to wait until the last days of the sale, bags will cost even less. Shoppers who enjoy VIP status with a sales associate can request that the associate put merchandise aside for purchase at the customers leisure. For more information, visit www.eleonoraboutique.it. Shoes Joyce Boutique: Through Aug. 15 The Joyce Boutique is one of the most exclusive womens stores in Hong Kong and carries Jimmy Choo and Manolo Blahnik. For the entire duration of the sale, 20% discounts are a given, but the discount increases for VIP clients. For more information, visit www.joyce.com. Beauty Products Fred Segal: Mid August Have your eye on a $20 lipstick? Pining for a bottle of $150 perfume? The end of the summer sale at Fred Segal in Los Angeles will get you up to 30% off major luxury brands like Sampar, Mason Pearson Brushes and Mario Badescu face products. For more information, visit www.fredsegalbeauty.com. Designer Jeans The Co-Op at Barneys New York: Through Labor Day Think paying $250 for a pair of jeans is steep? Wait it out until the last couple days of the Barneys summer sale when the price of jeans drops significantly. Go during the work day to avoid the masses. For more information, visit www.Barneys.com. Designer Gowns Neiman Marcus: End of August Even if you arent a socialite hitting a black-tie event every night, chances are you will need a couture dress to wear to a party. Neiman Marcuss Last Call nationwide sale has designer dresses such as Missoni, Marchesa and Lanvin marked down 30% off the original retail price. During the final days of the sale, the dresses get marked down another 30-40% off the original retail price. And if you are friendly enough with the sales people, they might just put aside your size before it gets taken. For more information, visit www.neimanmarcus.com.