Bag a bargain! Hermès, Chanel and Louis Vuitton among 84 designer handbags up for online-only auction from 2pm TODAY

LVMH Moet Hennessy Louis Vuitton SA Stock Rating Reaffirmed by Sanford C. Bernstein (MC)

The handbags feature among an enticing collection of 102 exquisite items, including a variety of day wear, larger luggage, jewellery and limited edition pieces by iconic labels including Chanel and Louis Vuitton. Bidding opens today and will run for 10 days providing opportunities for those around the world to land some of the most sought-after designs ever created, with some dating back to the 1950s. One Direction polish off the bullies! Boy band launch varnish and stationery range to fight bullying in schools Highlights include 40 classic Birkin and Kelly bags covering a spectrum of bright spectacular colours to brighten up summer wardrobes and a stunning selection of exotic leathers. The price points ensure there is something for all tastes and budgets. ‘Hermès is known as the leading luxury handbag designer and it is unsurprising that the iconic Birkin and Kelly designs continue to thrive at auction,’ says Pat Frost, director of Christie’s fashion department. ‘Exquisite quality is at the heart of Hermès handbags and this sale offers the crème de la crème of Hermès designs with a number of timeless pieces and rare exotic leathers. ‘The online-only format of this sale follows hot on the heels of our successful Vintage Couture: Handbags, Luggage and Accessories sale in April this year. ‘This sale which runs for 10 days provides another extended opportunity for buyers around the world to purchase handbags and accessories by some of the greatest designers of all time.’ Handbag history: A lesson Hermès Kelly and Birkin bags continue to be highly sought-after and have become increasingly popular since they were first designed. Birkin bags were inspired by English actress and singer Jane Birkin in the 1980s.

Top seller: Lot 33, the 2011 35cm amethyst matte crocodile Birkin bag has a whopping final sale estimate of up to £28,000

LVMH Moet Hennessy Louis Vuitton SA ( EPA: MC ) opened at 126.65 on Thursday. LVMH Moet Hennessy Louis Vuitton SA has a 1-year low of €113.55 and a 1-year high of €143.40. The stock’s 50-day moving average is currently €125.6. The company has a market cap of €63.324 billion and a price-to-earnings ratio of 18.45. A number of other firms have also recently commented on MC. Analysts at Aurel – BGC reiterated a buy rating on shares of LVMH Moet Hennessy Louis Vuitton SA in a research note to investors on Tuesday, June 11th. They now have a €150.00 ($200.00) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an outperform rating on shares of LVMH Moet Hennessy Louis Vuitton SA in a research note to investors on Wednesday, May 29th.

Thai monks rebuked over ‘ostentatious’ jet ride

The behaviour of Thailand’s Buddhist clergy has been thrust under the spotlight after footage emerged of three monks flying in a private jet, wearing earphones and sunglasses and travelling with a Louis Vuitton luxury bag.AFP/File BANGKOK (AFP) –  The behaviour of Thailand’s Buddhist clergy has been thrust under the spotlight after footage emerged of three monks flying in a private jet, wearing earphones and sunglasses and travelling with a Louis Vuitton luxury bag. The video, which has been viewed nearly 200,000 times on YouTube, has prompted fevered debate in the Buddhist-dominated kingdom over monks’ adherence to austere principles which include living without possessions, beyond a handful of robes. According to one of the monks, who has since been “reprimanded”, the jet was chartered by a devotee to fly them home to northeast Si Sa Ket from Bangkok after performing duties in November, said Nopparat Benjawattantnun, director of the National Office of Buddhism. “His behaviour — wearing sunglasses and carrying a Louis Vuitton handbag — amounts to an ostentatious display that will provoke criticism from laymen,” Nopparat said. Virood Chaipanna, director of Si Sa Ket’s Office of Buddhism, named the monk as Luang Pu Nenkham Chattigo, 34, from Wat Pa Khantitham. “Yesterday I went to the temple but he was not there. They said he is in France,” Virood said. Buddhism is Thailand’s state religion and around 95 percent of the population is believed to follow it — the highest percentage in the world. Figures last year from the National Office of Buddhism showed Thailand had more than 61,000 monks.

LVMH Moet Hennessy Louis Vuitton SA Rating Reiterated by AlphaValue (MC)

They currently have a €165.00 ($220.00) target price on the stock. LVMH Moet Hennessy Louis Vuitton SA ( EPA: MC ) opened at 126.40 on Monday. LVMH Moet Hennessy Louis Vuitton SA has a 52-week low of €113.55 and a 52-week high of €143.40. The stock’s 50-day moving average is currently €125.6. The company has a market cap of €63.199 billion and a price-to-earnings ratio of 18.45. A number of other firms have also recently commented on MC. Analysts at AlphaValue reiterated a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton SA in a research note to investors on Thursday. They now have a €175.00 ($233.33) price target on the stock. Separately, analysts at Aurel – BGC reiterated a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton SA in a research note to investors on Tuesday, June 11th.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s