A Comparison of Luxury Prices in The U.S. and Europe
In anticipation of my upcoming trip to Europe, I decided to compare the prices of a few items I've been lusting after from various luxury houses to see where the best deals can be found. In spite of the weaker Euro, not everything is a good deal as some brands have increased their European prices to create global parity and discourage the resale market.
I. Celine Nano Luggage Tote
n a solid color, this gorgeous crossbody retails for $2700 in the U.S. , plus the additional 9% (if purchased in NY or CA) sales tax for a total of $2943. In Paris, the nano is priced at 1780 Euros, travelers are able to receive 20% back in VAT refund making for a total of 1424 Euros (equivalent to $1549.62 USD), making Celine prices 47% less in Paris than in NY.
2. Christian Louboutin So Kate Pump
The basic So Kate pump retails for $675, add to that the 9% sales tax for a total of $735.75. In Europe, the So Kate retails for 515 Euros, subtract the 20% VAT and the price comes down to 412 Euros ( $448.36 USD), making Louboutin prices 39% lower in Europe than the U.S.
3. Louis Vuitton Alma PM in Epi Leather
The Alma PM retails for $2120, with sales tax the total comes to $2310.80 USD. The Alma can be purchased in Europe for 1520 Euros, with the VAT refund the total is reduced 1216 ($1323.71 USD), making it 43% cheaper in Europe.
4. Prada Studded Top Handle
This stunning satchel retails for $3700, totaling $4033 with sales tax. In Europe, this retails for 2800 Euro, the VAT refund brings the price down to 2240 Euro ($2437.95 USD) making for a difference of 40%.
5. Gucci Dionysus GG Supreme Shoulder Bag
The basic Dionysus retails for $2250, or $2452.50 with sales tax. In Europe, the bag retails for 1500 Euro, the VAT refund reduces the price to 1200 ($1305.90 USD) making for an astounding difference of 47%!
6. Chanel Jumbo Classic Flap Bag