Stevio...LA LA Lovin' It?

I'm British-born Chinese from Bristol, UK. I’m LA-based. I’m a hip hop aficionado. After 15 years in London I moved to LA to pursue a new career and outlook on life.

Back in the 80s I was a DJ. In the 90s I contributed to the world's first street style exhibition at London's Victoria & Albert Museum. In 2011, I had my first interviews published. Today, I’m keeping busy with music, art, photos and writing.

Sunday, November 18, 2007

So, where's the money at?

Can you imagine a Louis Vuitton special edition handbag, only available in one store in the world, lingering on the exclusive store shelves?! No, me neither, but there's real lethargy around the Murakami handbags being sold in LA.

How do I know, well my attempt to sell mine on eBay was met with little real buyer interest. Wow - 10 watchers, but no bidders was my first experience of a 5-day auction listing. That's very weird.

The 2nd attempt to sell the $900 handbag (for obviously more $) was not a success either - it did sell, but I only broke even! And the buyer was in South Korea. So from my little experiment I can only surmise a few things, and nothing scientifically. But it seems that either eBay is not a safe environment to buy goods from, or the credit crunch is having a profound effect on the eBay aftermarket!

Where's the money? I think it's the latter as I heard last week that highly rare paintings from collectible artists went unsold at Sotheby's! So, even the rich are getting poorer...well, for luxury items like paintings and handbags. Or in my case, a painting on a handbag.

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