Monday, October 25, 2010

In The News

People With Too Much Money

Women's handbag designers, uncertain about the effect of Hurricane Katrina on Louisiana's alligator habitats, spent the winter searching for new supplies of hides, according to a March Wall Street Journal report. The fall gator harvest saw prices rise 50 percent from two years earlier, forcing Ralph Lauren, for example, to raise the price of its most prestigious alligator purse to $14,000, and hide prices were expected to rise another 50 percent this summer. (Alligator shoes, shirts and coats have also soared in price, and the alligator-paneled piano sold by Giorgio's of Palm Beach now costs $950,000.) [Wall Street Journal, 3-18-06]

And as always, thanks for listening!


jack69 said...

There are some crazy rich folk in this world!!!

$14,000 for a purse???

Marty said...

An Aligator skin piano?!? Sounds tasteless as well as over the top!

Adirondackcountrygal said...

Amazing how having a dead reptile as an accessory is fashionable!

Paula said...

My Wal*Mart handbag holds my tiny pile of money just as well as the alligator ones.

Wishing for my turn said...

for 950,000 u could feed the people of Louisiana effected by Katrina...hummmm