Thursday, August 18, 2011

Bling, Korean style

Like their peers in Japan and China, Korean women love luxury items. Here’s one way to gauge just how much: there’s a secondhand market for Chanel and other brand-name paper shopping bags.

Such transactions are easily found on second-hand online shopping sites, where brand-name paper bags are traded for as much as $30.

A glance at bags for sale today shows one seller with four different kinds of paper bags from Burberry to Louis Vuitton at price tags around 25,000 won ($23). Another seller has a Burberry paper bag on sale at a more modest price of 5,000 won.
--Jaeyeon Woo, WSJ, on longing for a touch of luxury. HT: Marginal Revolution