Furs in Milan?
#1
Original Poster
Joined: Oct 2006
Posts: 13
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Furs in Milan?
I don't know how to ask this question without offending those who object to humans wearing animal skins so please just accept my apologies in advance and leave at that.
I would like to purchase a mink coat for my wife for our 20th anniversary. Since we are planning a trip to Italy this spring I wondered if Milan, being the fashion capital of the world, would be a good place to find a quality fur at a better price than here in the states...or would the fashion capital of the world be the last place to find a (relative) bargain? I admit complete ignorance of the subject and welcome the advice of Fodor's fashion divas.
I would like to purchase a mink coat for my wife for our 20th anniversary. Since we are planning a trip to Italy this spring I wondered if Milan, being the fashion capital of the world, would be a good place to find a quality fur at a better price than here in the states...or would the fashion capital of the world be the last place to find a (relative) bargain? I admit complete ignorance of the subject and welcome the advice of Fodor's fashion divas.
#3

Joined: Mar 2003
Posts: 10,266
Likes: 0
I have a feeling there may have been a savings BEFORE the advent of the euro. Since then, especially with the bad exchange rate, I doubt there'd be a savings.
For any shopping quest, check the prices at home first so you have an appropriate comparison.
For any shopping quest, check the prices at home first so you have an appropriate comparison.
#6
Original Poster
Joined: Oct 2006
Posts: 13
Likes: 0
Yes, the unfavorable exchange rate occurred to me as a factor, but I had also read a portion of tax paid at purchase was refunded upon return to the states. I hoped they might balance each other. I will definitely check New York and Canada prices first. Thanks fr the reply.
#7
Joined: Apr 2003
Posts: 17,268
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The tax thing isn't a wash.
Italy charges VAT at 20%, so you get 16.6% of your purchase price refunded.
The US imposes 4% import duty on mink coats: it'd be up to 32% on the t-shirts from Bangladesh you'd buy at Wal-Mart, which says something about the relative importance of t-shirt buyers and mink coat buyers in legislators' priorities
I'm assuming the coat's going to cost over the $1800 that travellers can import at no or reduced duty. That 4% really ought to be calculated on the price before VAT was added.
So knock a seventh off the Milan price for the net price to you.
Italy charges VAT at 20%, so you get 16.6% of your purchase price refunded.
The US imposes 4% import duty on mink coats: it'd be up to 32% on the t-shirts from Bangladesh you'd buy at Wal-Mart, which says something about the relative importance of t-shirt buyers and mink coat buyers in legislators' priorities
I'm assuming the coat's going to cost over the $1800 that travellers can import at no or reduced duty. That 4% really ought to be calculated on the price before VAT was added.
So knock a seventh off the Milan price for the net price to you.




