Free Trend Report Free 2019 Report & eBook

Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book. Our Research Methodology

This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.

The Montecristi Panama Hat is Woven from Toquilla Straw

 - Aug 10, 2009   Updated: Aug 16 2011
References: brentblack & luxist
Now on sale is the world's finest, $100,000 Montecristi Panama hat.

Simply referred to as 'The Hat,' the $100,000 Montecristi hat was woven in Ecuador out of fine toquilla straw.

A lot of time goes into each piece too. Apparently, once the hat is hand woven, several weeks are necessary to prepare and finish the hats.

The gallery available details some of the fine craftsmanship that goes into the production of these Montecristi Panama hats.

Implications - While opulence was once something that companies were weary of embracing due to times of economic uncertainty, these such times are coming to a close and consumers are yearning to spend their savings once again. Products that allow consumers to spend their money while experiencing prestige will once again grow in popularity.