Chanel is introducing a high end cruiser bicycle as part of their Spring/Summer 08 line. Retailing for what essentially would feed a family of five with bicycles of their own, the $12,000 pricepoint clearly its own realm. Maybe the price is relative to its whopping 36lbs. (16 kilos!). Neither the price nor weight is light on this one.
So far as we can tell its shipping with what looks to be a Chanel Saddle, Chanel saddlebags (this is actually kinda dope), and an internal 8 speed hub.