Purses

What crisis? Millennial nostalgia fuels rush for $7050 handbags

Michelle Bowes

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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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