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Objects of Desire

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Chanel's hula hoop bag was a big moment this past fashion month as much for its WTF quality as for the insight into what Karl Lagerfeld thinks practical means (its perfect for the beach, eh, Karl?). Now, you can own one for a mere $2,400. But don't get too excited: You'd be paying $100 per centimeter. Yup, only the mini-version with a 24 centimeter diameter will be available. [Vogue UK]