With even super-affluent shoppers tightening their Gucci belts, luxury retailer Neiman Marcus unveiled its Christmas Book Tuesday with a nod to this new frugality.
"Tokens of affection don't have to be extravagant to be brilliantly received," the book's introduction imparts.
More than 40 percent of the gifts in the catalog's 83rd edition cost less than $250, though the prices are still out of reach for the average American. New items include $235 Italian wool scarves, $100 Ugg slippers, $175 cases for iPhones and $250 Ralph Lauren rain boots.
Plenty of extravagant gifts offering shoppers escape from the tumult in the financial world remain. There are limited-edition $105,000 Jaguars, motorcycles for $73,000 and a $25,000 "Cupcake Car" custom-made of colorful fabric, wood and sheet metal and powered by an electric motor.
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For especially "green" shoppers, there's an eco-friendly chandelier made of 366 plastic bottles rescued from the landfill. Yours for just $12,000.
- The Associated Press