ferrari-segway.thumbnail.jpgThere’s an air of wait and see on eBay where nineteen coveted Marc Jacobs Stam handbags are up for auction. Fourteen have no bids. 

On October 1, a Washington DC mother  was bemoaning having to fire the help:

 I’m in a bad spot. Back in April, we found this wonderful nanny…She’s like Mary Popkins[sic]…My husband was laid off in the Spring, and I continued to work part-time…St. Anthony’s Day School called this week that there was an opening for our son. He’s 21 months and has been on the waitlist since he was 2 months. We talked and decided it was best for us to take this opportunity…. I can’t think of one thing I don’t like about her…Oh-and she taught our son French.  HELP! I know we have to do this for financial reasons, but this really hurts.

And on the West Coast, Ferraris are being unloaded by the financially hampered, according to Bloomberg.com. Michael Sheehan, president of Ferraris-on- line.com in Newport Beach, California has clients who need to move their pricy wheels:

I’ve got a street-legal 1982 512 BBi series with 26,000 miles for $129,500. One owner, a former Lehman Brothers partner. The day Lehman tanked, he was asking $149,500. I normally get one call a day from clients asking me to sell their cars. I’m now averaging six calls a day and that number will certainly rise. Nobody needs a Ferrari, they need a house.”

Will the sellers stay brand loyal and purchase a Ferrari Segway for quick trips to Fashion Island? If that’s not in their budget, they can always order  the 2008 Neiman Marcus holiday catalog  online and dream of days gone by.

Lisa Derrick

Lisa Derrick

Los Angeles native, attended UC Berkeley and Loyola Marymount University before punk rock and logophilia overtook her life. Worked as nightclub columnist, pop culture journalist and was a Hollywood housewife before writing for and editing Sacred History Magazine. Then she discovered the thrill of politics. She also appears frequently on the Dave Fanning Show, one of Ireland's most popular radio broadcasts.