Luxury’s pricing plateau: Why shoppers are turning away from the big names

For years, the luxury sector has defied economic gravity, ratcheting up prices season after season as status-conscious consumers eagerly pursued the logo-laden dream. But now, with Chanel flap bags surpassing the 11,000 euro threshold and Bottega Veneta’s once-2,450 euro Cabat bag now listed at 6,800 euros, according to Collector Square, the gravitational pull of consumer restraint is finally beginning to assert itself.