Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

$2,000 a bottle for skin cream?! Yes - and sales are up

La Prairie's latest skincare sells for $500 a popWhen La Prairie introduced its latest skincare product -- at $500 a pop -- Saks had to limit purchases to six at a time. By Jessica Dickler, staff writer


NEW YORK (CNNMoney) -- Call it a clear sign of a recovery: Sales of luxury skincare have rebounded sharply.

In 2010, sales of prestige skincare products sold in U.S. department stores reached $2.7 billion, according to the NPD Group, an 8% increase from 2009.

"That market has seen as resurgence at the end of the recession," noted Alexis Wolfer, editor-in-chief of online magazine the Beauty Bean.

When Saks Fifth Avenue celebrated the launch of La Prairie's latest skincare product, Cellular Power Infusion, last month, demand was so high that they had to limit customers to purchasing no more than six at a time. The price? Nearly $500 for four quarter-ounce bottles.

"We see a strong customer response any time a new and advanced product arrives in our stores," said Deborah Walters, senior vice president for cosmetics, fragrances and intimate apparel at Saks.

Tracy Brennan, the owner of Los Angeles-based Kalologie Skincare, says her customers have been moving into some of the higher price point products in recent months or buying the entire line instead of just one jar. Some products are constantly selling out.

"As much as we want to keep the shelves full stocked, we have to accommodate people via wait list sometimes," Brennan said.

But unlike other luxury products, the value of a face cream can be even harder to measure. Some of the priciest products on the market -- like Kanebo Sensai eye cream, which costs $320 for half an ounce and is currently backordered, or ReVive's Peau Magnifique which costs $1,500 for a four week supply -- credit complicated ingredients that claim to regenerate skin cells. But that's hard to measure.

"You are paying for this expensive ingredient, but there's not a ton of science behind it," Wolfer said. "There are really few clinical studies; you are really taking a brand's word for it."

Still, Wolfer says she also indulges in the pricier products for herself. "I am a big believer on your skin being your largest organ, but I think it's a personal decision," she said. To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed4.09%4.03%
15 yr fixed3.25%3.18%
5/1 ARM3.42%3.29%
30 yr refi4.12%4.07%
15 yr refi3.29%3.19%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 19,827.25 94.85 0.48%
Nasdaq 5,555.33 15.25 0.28%
S&P 500 2,271.31 7.62 0.34%
Treasuries 2.47 0.01 0.33%
Data as of 7:37pm ET
Company Price Change % Change
Bank of America Corp... 22.64 0.11 0.49%
General Electric Co 30.53 -0.68 -2.18%
Bristol-Myers Squibb... 49.23 -6.26 -11.28%
CSX Corp 44.33 -1.18 -2.59%
Chesapeake Energy Co... 6.69 0.07 1.06%
Data as of 4:01pm ET

Sections

Shares of several uranium miners are soaring this year on hopes that Donald Trump will commit more investments to nuclear power. But investors need to get careful. The stocks are as volatile as radioactive elements. More

President Trump promised to 'buy American and hire American.' He says his policies will create 25 million new jobs, the most of any U.S. president in history. CNNMoney lays out just how hard that will be. More

Apple is suing Qualcomm for allegedly charging 'excessive royalties' and withholding payments in retaliation for Apple cooperating with a regulatory investigation into the chip supplier. More

If you're smart about when you first claim Social Security, you can increase your benefits and reap the rewards for the rest of your life. More