Most Expensive Purse

If you think spending hundreds of dollars for a pair of worn-out blue jeans is worth it because of current trends, wait to you hear how much the world’s most expensive purse is. You can expect to cough up $37,000 a Hermès “Birkin” bag adorned with orange crocodile skin and trimmed with palladium hardware.

Expensive purses have long been status symbols in upper-class culture. Chief executive Milton Pedraza of the Luxury Institute in New York City said, “It used to be the shoes that make the man. These days, it’s the handbag that makes the woman.” For years women routinely shelled out hundreds, sometimes thousands for the “it” bag, but the major price shift to the five figure handbag occurred nearly five years ago when bag makers started offering “signature items”. With this shift came a willingness to spend way more than necessary and the idea that these bags are not just accessories, but investments and collectibles too.

While a Hermès “Birkin” bag retails at $37,000 USD, the highest amount paid for one of these bags was $64,800 USD, sold at a Doyle New York auction in April of 2005. What set this expensive purse apart from the rest was its diamond-covered clasp and lock.

With current trends and extremely high prices, experts say the expensive purse craze is here to stay, what will become the world’s most expensive purse next?

via Forbes

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