Sunday, January 4, 2009

Louis Vuitton Currency Arbitrage

Welcome to the other side of the new year. As always, we are committed to finding you the best deals in the universe of luxury shopping.  The savings exist even among the loftiest of brands and this economy watching your dime is more important than ever.

Lets use Loius Vuitton as an example. No matter how much you hope, pray, wait or stand on your head they are not going to discount their products. We're not sure if the "shredding room" is truth or legend but does it really matter how the goods are disposed if they're not falling into wanting hands for a bargain?

On the Vuitton US web site the iconic Speedy 30 is $700US. The LV's UK site has the same bag for £355UK or £309UK (minus the VAT*). The exchange rate brings the total cost of the bag down to $447.19 as of business close on Friday, January 1st. That' a savings of $253 or about 35%.



This currency arbitrage can come in handy among many of our favorite European luxury brands. So officially: Happy 2009 and don't fret too much about the new economy. There's always a deal to be had.

*VAT, or Value Added Tax, is a tax levied goods and services in many countries throughout the world, including the UK and most EU countries. The VAT is currently 15% in the UK but is refundable to many tourists upon traveling home.

Contact: LV Bond St. 011 44 20 7399 4050

15 comments:

Anonymous said...

There is a wonderful personal shopper that works from the US and France. You can place your order with her and she takes a shopping trip to Paris, brings everything you want back and passed the savings on to you. She also runs a shopping trip during the annual sales in Paris. I have used her services before and everything was always perfect. She has even been able to get me a couple things I could not find in the US. She can even get her hands on Birkins.

The website is below if anyone is interested
http://www.shopfranceinc.com/index.html

Anonymous said...

I have used Suzan of Shop France and can vouch that she is absolutely trustworthy and a pleasure to work with. She had brought me a bag that was not available in the United States. All she keeps is the VAT refund which is about 10% depending on the country. The price before the VAT refund is already much cheaper than the US prices. When she returns she will ship your item to you. Buyer pays for the shipping of course.

Anonymous said...

Can you purchase the item on the UK site and have it shipped to a US address? It seems like the item must be shipped to a UK address.

Lila Delilah said...

You actually need to call the store and they can ship it to you . There are no US internet orders on the UK site.

Anonymous said...

also keep in mind...credit card companies charge a conversion rate ie. lb to $

Anonymous said...

Hi,

Has anyone tried this. Can someone elaborate? Yes, I've gone all the way to Paris to snatch up a few LV bags but one can also call the UK store and place a phone order? They will ship the US?

Lila Delilah said...

I personally don't get the whole middle man thing when my phone and credit card can do the same thing.

Yes, the stores ship anywhere in the world.

jordan shoes said...

i agree your idea ! very nice blog

Anonymous said...

I never know that the European stores would ship to the US, that's why I have used a personal shopper. I know many of the US stores will not ship out of the country so I assumed it was the same way in Europe.

Anonymous said...

I just checked with AmEx- they charge a 2% fee for every monetary conversion, like pounds to dollars.
Also, can I assume that the store will automatically minus the VAT if they are shipping overseas?

Anonymous said...

Check with your bank about their currency conversion. I know that if I use my debit card out of the country their is no fee and same with my visa.

Lila Delilah said...

VAT works more like a rebate. You buy the item (the bag) you file the papers and the state sends you a check back for the tax.

Anonymous said...

i actually tried calling the london number and they said lv's official policy is to NOT ship overseas. I also tried the lv UK website and to place and order you need to have a UK shipping address... so how does this work?

Anonymous said...

Also... don't forget that when the package is ready to be shipped to the States, it is subject to duty tax. Sometimes that could be pretty high for goods coming from certain countries...

Anonymous said...

email the personal shopper at harrods.... maria... personalshopper@harrods.com. she's amazingly fast and supernice.

they sell u the item at the uk retail rate and subtract 13% vat and add shipping (55lbs for me) and an admin charge (35 lbs) if she needs to work at finding the item.

charge to a credit card that doesn't charge forex fees and you save about 30% over US rates.