Louis Vuitton handbag | wealthymatters

Yes Lady Finance Co

September 12, 2013 Leave a comment

wealthymatters Yes! Now high end luxury bags are assets! At least in Hong Kong where the Yes Lady Finance Co, accepts them as collateral for loans.

This four-year-old company accepts purses on the spot, bringing in assessors from affiliate Milan Station Holdings Ltd.,a chain for luxury secondhand purses, to check the bags’ condition and authenticity.

Yes Lady provides a loan within half an hour at 80% of the bag’s value—as long as it is from Gucci, Chanel, Hermès or Louis Vuitton. Occasionally, a Prada purse will do the trick. Secondhand classic purses and special-edition handbags often retain much of their retail prices.

A customer gets her bag back by repaying the loan at 4% monthly interest within four months. Yes Lady says almost all its clients quickly pay off their loans and reclaim their bags. Read more of this post

Filed under Alternative Assets Tagged with Chanel handbag, classic handbags, Gucci handbag, Hermès Birkin bag, Hermes Handbag, high end luxury hand bags, Hong Kong Monetary Authority, investing in handbags, licensed pawnbrokers, limited edition handbags, Louis Vuitton handbag, luxury secondhand purses, Milan Station Holdings Ltd, Money Lenders or Pawnbrokers Ordinance, no credit check, no proof of income, postaday, Yes Lady Finance Co

Wanton Consumption Explained

January 2, 2013 Leave a comment

wealthymatters If you think that wearing gold shirts and nail polish that costs tens of thousands of dollars is the height of wanton consumption there is more:

A Louis Vuitton handbag costs upwards of 50,000 Rupees in India.Did you know that the beauty care entrepreneur Shahnaz Husain always buys two identical LV bags?Now,why is that so?If you imagine its because she wants to make certain she never runs out of a favourite accessory,you couldn’t be further from the truth.

Shahnaz loves to match her bags with her clothes.So one brand new LV bag is always cut into pieces to embellish her clothes .She has the pieces used as patches on the sleeves and collars of her clothes. Apparently her wardrobe is crafted at her bungalow in South Delhi.She personally designs her clothes and has them stitched by an in-house tailor. Read more of this post