Smells, more than taste (well, what is taste, but just a weaker way of
smelling?), play the role of bringing memories of madelines past for me.

What are some scents from the past that you would pay good money to
experience again?

https://www.ft.com/content/53a3a13b-fe98-4670-9163-be659ccbf4f2


Inside the hot market for discontinued perfume


Very few things can be as personal, emotional and sensory triggering as
perfume, which is why some people spend hundreds of pounds to get their
hands on a favourite fragrance that has been discontinued.

Since 2007 it has been the job of Mathieu Iannarilli, a Paris-based vintage
perfume dealer, to track down rare scents for clients who spend from €150
to more than €3,000 per bottle. “Some buyers only wear one perfume. When
that is discontinued by a brand, from one day to the next, they find
themselves orphaned of their olfactory identity. These people then turn to
all possible ways to find their perfume again,” he says.

There is no estimate for the market of vintage and discontinued fragrances,
but demand is high. A simple search for “discontinued fragrances” on eBay
brings up more than 50,000 results. Among the most expensive listings are
Tom Ford Amber Absolute ($4,300, shipped from the US), Vivienne Westwood
Boudoir ($2,784, from Japan) and Giorgio Armani Prive Myrrhe Impériale
($1,500, from Sweden). The market is partly fuelled by the craze for
“flankers” — short-term spin-offs of brands’ core fragrances, which are
catnip for collectors. Estée Lauder Sensuous Noir, a 2008 flanker for Estée
Lauder Sensuous, goes for £265 on eBay, for example, while Thierry Mugler
A*Men Pure Malt, a version of Thierry Mugler A*Men from 2009, goes up to
more than £600.

There are a few reasons why a fragrance might be discontinued: it might not
be commercially successful; a long-used ingredient in its composition might
later be banned and prove too difficult to substitute; or the brand itself
might end its license or go into bankruptcy. “The prices of some fragrances
from iconic British brands such as Vivienne Westwood and Stella McCartney
have tripled since these brands ceased their perfumery business,” explains
Iannarilli. Other vintage perfumes from heritage brands such as Guerlain
often reach high prices because they are both sought after by customers who
want to wear them and by collectors who would preserve them. “[Guerlain]
Djedi can exceed €3,000,” says Iannarilli.

It’s not just high-end fragrances that stoke demand. Since 2019, Alexander
Fury, fashion features editor at Another magazine and the FT’s men’s
fashion critic, has been buying Ultima II Sheer Scent for his mother as a
Christmas gift. The Revlon fragrance from 1990 was and still is her
favourite, but was discontinued at the turn of the millennium.

“I’m not hunting for it every day, but it is something I look for every
week or so. It has become progressively more difficult and progressively
more expensive,” he says over the phone. When Fury bought it the first time
six years ago, the perfume was already selling on second-hand platforms for
about £500. Today it can be purchased on Etsy for more than £700.

In some cases, people are hunting for the original formulation of perfumes
that are still on shop floors today. Starting from the early 2000s,
regulations on cosmetics ingredients have become stricter, particularly in
the EU, forcing many brands to recreate best-selling scents using
alternative ingredients. In some cases the results have been less than
satisfactory — at least according to some noses — prompting the hoarding of
older bottles.

“I have a tiny bottle of Guerlain’s Mitsouko from the 1970s that smells
completely different and so much better than Mitsouko does now,” says Aimee
Majoros, a beauty PR and fragrance collector from upstate New York who has
worked for Guerlain, Givenchy, Acqua di Parma, Tommy Hilfiger and Donna
Karan. Majoros, who learned to love perfumes from her grandmother, had at
some point 300 bottles in her collection. “The best thing I have ever
smelled in my life was a sample of L’Air du Temps by Nina Ricci from the
1960s,” she continues. “The current formulation smells awful. I know that
in the fragrance community people are upset when things are reformulated.”

Claire Smith, a cell biologist based in the UK who has a 130-rich fragrance
collection (around half of them are discontinued) became passionate about
perfume in 2019. After reading rave reviews online of Thierry Mugler Alien
Essence Absolue, which had been recently discontinued, she decided to go on
a hunt for it. “It goes for hundreds of pounds, but I was very, very lucky
and found a good deal. For a lot of people it’s about the find as much as
the fragrance itself,” she says. “When I started I would only buy things
that I could afford to lose the money for, until I learned what I was
looking for.” Her self-training included watching online videos comparing
fake and real fragrances to learn how to spot them (colour is a good
giveaway). Smith now has a YouTube channel called @dr.claire.perfume where
she talks about her collection, explains relevant terminology and tells the
back-story for some famous fragrances, such as Chanel No 5 or Robert Piguet
Bandit, to her 13,900 subscribers.

But for certain perfume collectors, the draw is not the scent but the
bottle. Some even collect factices, the oversized display bottles brands
used for advertising in pharmacies and department stores until the early
2000s. Simon Martynoff, owner of Galerie Martynoff in Paris, both sells and
collects factices. Among his treasures currently on sale he lists a
30cm-tall Nina Ricci L’air du Temps bottle for €5,200 and an even taller
(39.5cm) decorative bottle by Baccarat of Guerlain Shalimar for €4,100.
“There are two different consumers: one is a collector who wants an example
of each bottle, and the other is an [interior] decorator,” he says.
Martynoff sources them from auctions or shops that still have them, but
says they are becoming increasingly hard to find as the number of
collectors increases. “The interest has gone up and you can see it from the
prices. In the 1990s you could find some at a very good price, now some
bottles are 30 to 50 per cent more expensive.”

Antoine Poujol is the founder of the Perfume Art Museum in Paris, which
houses a collection of almost 8,000 bottles, factices, press kits and shop
catalogues. He says interest in collecting perfume bottles started in the
1980s, when many of the bottles designed by artists such as Leonor Fini
(Shocking by Schiaparelli, 1937), Raoul Dufy (Rosine by Paul Poiret, c1925)
and René Lalique (for Lucien Lelong, 1929) started to hit the 50-year mark.
His goal is to “keep track of everything that was and is made by the key
brands, because the idea is to trace their evolution from the start to
today,” he says, adding that his expertise has been tapped by some of the
largest brands who want to build their own collections and retrace their
histories.

Poujol’s collection includes rare examples such as Lancôme Révolte,
designed by Georges Delhomme in 1936, which is a block of raw rock crystal
shaped like the Parisian cobblestones thrown during the French Revolution
(currently valued between €1,000 and €2,000), but also mass-produced
bottles that can be purchased for €50. “We are in a universe where you have
very expensive bottles, but you also have very nice stuff from €50 to €200,
which can make a nice collection. You also have collectors of miniatures
which go for €5, €10 and €15,” he says. “There are bottles for everyone.”

After speaking to Poujol, I took out my own collection of perfume minis,
which I used to hoard as a kid in the 1990s. I used to spend an unusual
amount of time admiring the small bottles and smelling them and they are
still kept in a wicker box in a bathroom cabinet in my childhood home. I
have at least 40 of them, an assorted selection that includes Miss Dior,
Gianfranco Ferré Gieffeffe, Fiorucci Vanilla Scent, 4711 Cologne and La
Perla Body Silk. While I’m quite sure there is nothing particularly rare in
there, even if there were, I’m not sure I could part with it. It’s hard to
put a price on something with the power to trigger such personal memories.
-- 
Homer: Hey, what does this job pay?
Carl:  Nuthin'.
Homer: D'oh!
Carl:  Unless you're crooked.
Homer: Woo-hoo!
-- 
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