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$39,000 For a Backpack? Luxury Items Flying Off the Shelves

If you wanted to sum up what people mean when they toss around phrases like “class war” and “the 99 percent” you might put it all down to this: $39,000 backpacks. Sold out.
 
 
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If you wanted to sum up what people mean when they toss around phrases like “class war” and  “the 99 percent”  and “WTF,” you might put it all down to this: $39,000 backpacks. Sold out.

It’s been four years since the entrepreneurial Olsen sisters, Mary-Kate and Ashley, launched their luxury fashion line, the Row, and three months since they debuted  their stylish and exorbitantly priced black crocodile bag. But it was the news this week that at the Paris launch of the handbag line, Ashley Olsen bragged that the backpack “was the first thing that sold off the shelf” that really took the let-them-eat-cake. Olsen added that luxury brands do well in hard times, noting that “During our last economic crisis in the U.S., the only thing that went up was Hermès,” before, in the words of Women’s Wear Daily, “returning to sip Champagne with guests including Michelle Harper and Christian Louboutin.” As a commenter on CNN observed of this news, “This is what’s wrong with America. The income inequality in this country is outrageous, we are well on our way to becoming a 3rd world country.” Or, as another more aptly expressed it,  “That’s cray cray.”

 

 
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