Celebrating the anniversary of a handbag?

Unfortunately, I’ve got a pretty good track record of excess consumption and my wife loves Chanel . . .  but I still think that Chanel’s pavilion in New York’s Central Park is a classic tribute to the excesses that are at the root of our current economic decline.

Chanel is celebrating 50 years of their famous 2.55 handbag, named after the year and date it was created by Coco Chanel. The pavilion is a temporary structure, made up of 700 pieces of fiberglass, and houses 20 works of art. It is free to the public, has already traveled to Hong Kong and Tokyo. It will head for London, Moscow and Paris after leaving New York next Sunday

You can view the pavilion here.

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