The story of the $1300 Poncho

$1300-Poncho_3Snoop shopping is fantastic in Santa Fe, New Mexico. Long gone are the days of coyotes with bandanas! Designer labels and art-to-wear where abundant when my husband and I were there last Thanksgiving. At Santa Fe Dry Goods, I had great fun trying on Issey Miyake jackets. Then I discovered Sophi Hong who uses mud dyed silk for her luscious coats and jackets. I used a few of her little details on my recent black shirt like the stitches on the placket indicating snap locations.

My generous husband bought me a number of fabulous things at some of the other stores (I guess I’m not going on a ready-to-wear fast anytime soon). Then at one store I spotted a big pile of knitting on a lower shelf and pulled it out. It was a soft, squishy, lovely, yummy big armful of yarn that turned out to be a big poncho with a pouch pocket. I was in love, and slipped it on…more in love. Cashmere I asked? No, it was 50% alpaca and 50% merino and it was hand knit AND 1300 dollars! I eyed it up for a minute and folded it back up. I can make that I thought to myself.

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How often we say that and don’t ever take the project on, but when I got home I started planning. I decided that Blue Sky Bulky Alpaca Naturals was the identical yarn. I bought one skein locally to swatch and plan the pattern. This yarn is a super bulky and I finally went with #17 needles and about 7 stitches for 4”.

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After planning and swatching, I ordered 23 skeins just to be safe. It took 20 for the poncho I made, and took about 30 hours of knitting. Those stitches were pretty hard on my hands and I managed to knit about 5” per 2-hour movie.

I tell all of this because it is interesting to note that $1300 is not an inappropriate price. The wholesale price for a $1300 piece of clothing can be calculated to at least half of retail at $650. I received a bulk discount at yarns.com, however the yarn still cost $217.50 (I’m sure a designer can get this yarn for even less). Then I knit for 30 hours. Even at $10.00 an hour that would be $300 and at $20 an hour we are way over the wholesale target. I’m not even including designer showroom and rep costs or shipping.

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Wow, it’s no wonder hand knits are so expensive. I’m going to go hug my poncho…yummy!