Price Increase!

schmoopie

New Member
Dec 4, 2008
2
0
Irvine, CA
I received an email from the retail store manager stating that the majority of the styles. See message below:

Dear Friends,

I hope this email finds you well…

I would like to take a moment to inform you that Bottega Veneta will be expecting a price increase on many of our handcrafted leather goods starting next Saturday, October 25th.

If you have been thinking about adding on to your collection, now is the time before the increase takes effect. Attached you will find a few Iconic styles that will be included. Select small leather goods will be also be affected by this price increase. Prices will not be adjusted from October 25th.

Lastly, the highly coveted Cabat is included in this price increase. It’s going from $5,750 to $7,000.

True?!
 

Attachments

grietje

O.G.
Oct 18, 2007
7,182
4,505
Barney's already has a couple of items at the new price. I thought it might be a mistake. Sadly, that isn't the case.

The Cabat is taking a huge hit! Yikes! But they are redesigning it so it makes sense.
 

shiba_inu

O.G.
Sep 4, 2006
643
13
Wow! Thanks for the update.
I was expecting to see the Veneta on this list. Glad it isn't. And the Mini Roma is relatively new, surprised to see it already affected by a price increase.

The Parachute is on my wish list, but not for that price. :sad:
 

annie9999

O.G.
Feb 22, 2007
4,281
166
Barney's already has a couple of items at the new price. I thought it might be a mistake. Sadly, that isn't the case.

The Cabat is taking a huge hit! Yikes! But they are redesigning it so it makes sense.
that is a lot of money for the medium cabat- i would assume the large is going up as well otherwise the medium and large would be the same price. i am glad my cabat collection is complete. i don't think this is a smart move for bv.

Wow! Thanks for the update.
I was expecting to see the Veneta on this list. Glad it isn't. And the Mini Roma is relatively new, surprised to see it already affected by a price increase.

The Parachute is on my wish list, but not for that price. :sad:
i would assume the reason the veneta isn't on the list is that it is being replaced by the re-designed veneta which is at a higher price point.

i'm surprised the large campana isn't on the list. maybe the list isn't complete-
 

grietje

O.G.
Oct 18, 2007
7,182
4,505
I'm glad I feel like my Cabat collection is complete too! The resale market will be happy about this. The retail prices are starting to feel, not quite prohibitive, but they are getting close to beyond my comfort zone.
 

tt09029

Member
Feb 3, 2010
24
0
that is a lot of money for the medium cabat- i would assume the large is going up as well otherwise the medium and large would be the same price. i am glad my cabat collection is complete. i don't think this is a smart move for bv.
From my SA: the medium Cabat will go from $5750 to $7000 and the large cabat will go from $7250 to $8200.

I wonder if the huge price increase in the medium cabat has to do with the new medium cabat dimensions?
 

grietje

O.G.
Oct 18, 2007
7,182
4,505
Thanks for the report. That is a huge increase for the medium Cabat. Yikes.
You know, you're right. I take back my earlier comment about "but they are redesigning it so it makes sense." It doesn't make sense. Yes, the dimensions are changing a bit. But really, is it adding that much leather and that much labor to warrant a 21% price increase?
 

V0N1B2

Armchair Supermodel
Authenticator
O.G.
Jul 10, 2009
6,523
10,100
It's my user name
You know, you're right. I take back my earlier comment about "but they are redesigning it so it makes sense." It doesn't make sense. Yes, the dimensions are changing a bit. But really, is it adding that much leather and that much labor to warrant a 21% price increase?
Exactly.
I'm not put off by the price increases of the other bags. $50 on a $2900 bag isn't a big increase.
Remind me though, because when I was at BV in May, I thought I remembered the SA telling me that there was to be an increase in June/July? (I was looking at a Cervo Hobo). I might have my dates wrong. It could have been when I was there in September but it was the woman at the Bellagio that told me that but I thought I only visited the Palazzo store in September.
I hope BV doesn't start trying to pull a Chanel or Louis Vuitton on us, with price increases every quarter. That's been one of the great things about BV, *the prices of their bags haven't really increased much at all in the past five years or so. A Roma was $33-- something in 2010 if I remember correctly. It is increasing $80, which is really only a 2.5% ish increase. Several of the other bags are listed at a similar percentage.
*Other than the Cabat, of course - which is becoming obscene.
 

news2me

Member
Mar 19, 2012
245
92
California
So happy not to see the Cervo Hobo on the list. But still need to rush and get a Pillow. Gorsuch already lists it at $1450 and Farfetch removed everything BV from their website, probably readjusting the prices.