When I reported on the $3,500 Hermes bike two weeks ago, I had the feeling that we had not reached the pinnacle in cyclist decadence just yet. Karl Lagerfeld to the rescue! This Limited Edition Chanel Bike is the ultimate in two-wheeled novelty. With only 50 made and less than 20 available in the US, this creation retailed for $17,000, with reseller markups hitting $28,000 already.
