Friday, August 9, 2013

A $38,000 handbag not unheard of in luxury market

FILE - In this May 30, 2013 file photo, Oprah Winfrey speaks during Harvard University's commencement ceremonies in Cambridge, Mass. Winfrey says she had a racist encounter while shopping in Switzerland _ and the apologetic national tourist office agrees. The billionaire media mogul told the U.S. program “Entertainment Tonight” that a shop assistant in Zurich refused to show her black handbag because it was “too expensive” for her. She was in town to attend last month’s wedding of her longtime pal Tina Turner, who lives in a Swiss chateau along Lake Zurich. Forbes magazine estimates that Winfrey earned $77 million in the year ending in June. (AP Photo/Elise Amendola, File) LONDON (AP) — A $38,000 handbag? For most people, it's unthinkable.








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