This is the most expensive bag in the world. This Louis Vuitton bag retails at a whopping £23,484, overtaking a Mercedes C180 Coupe SE by £3,000. The bag's price is justified by the fact that it is made from cut-up bits of 15 different Louis Vuitton bags and also features rare feathers and alligator skin. Only one such bag will be sold in the UK, and there are people contending to pay much more than the quoted price for the one-of-its-kind bag.
The second most expensive bag in the world is by Fendi and is crafted from chinchilla and sable. The bag is priced at an amazing £20,000.
Next, in the list of (un)affordable bags is a £13,000 crocodile-skin Carolyn bag by ace designer Marc Jacobs, followed closely by Valextra Carla, made of alligator hide, priced at a shocking £11,160.
Aren't these all-extraordinary prices for something that only accommodates your cellphone and lipstick? Selfridges recently reported that the average price of its designer bags is now £850, 55 per cent more than that in 2005.
Fashion experts claim that women are increasingly seeing bags as objects that can turn their peers green with envy. The once craze for luxurious footwear has been replaced by that for high-priced branded bags. Francesca Marotta, a 32-year-old fashion designer based in west London, said,
I know a lot of women who will starve to get a handbag. I've got a lot of friends like that.
Retailers are claiming that even the very middle-class strata readily shells out £1,000 for a designer bag. They may scrimp on clothing, but they believe that an expensive handbag is an investment that can be carried daily, adding a touch of glamour to cheaper outfits.
Stuart Vevers, creative director for Louis Vuitton, Givenchy and Bottega Veneta, a man who is used to luxury, is too shocked by the amounts women are ready to pay for the IT bag. Such people definitely are Madaboutbags.