Chanel has designed an eight-speed bicycle! The bike has been created as part of Chanel’s Spring/Summer `08 offering to celebrate the heritage of the house, which is steeped in Coco Chanel’s love of sport. She would be proud to ride next season’s hand-finished Chanel bike, which is accented with the house’s signature quilted leather and double-C logo. Available in Chanel boutiques in December, priced approximately $8,938!