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What crisis? Millennial nostalgia fuels rush for $7050 handbags

Michelle Bowes

Cost-of-living pressures seem to be having little effect on the limited-edition luxury goods market, with a new collection from Louis Vuitton that taps into Millennial nostalgia close to selling out in Australia.

The storied luxury fashion house, widely known for its brown-and-beige monogrammed bags, has refreshed a 21-year-old collaboration with Takashi Murakami, the iconic Japanese contemporary artist known for his colourful, cartoonish designs.

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Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com

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    Original URL: https://www.afr.com/life-and-luxury/fashion-and-style/what-crisis-millennial-nostalgia-fuels-rush-for-7050-handbags-20250106-p5l2a1