Internationally renowned clothing brand Ralph Lauren (Ralph Lauren) also launched a crocodile leather bag, priced at $29,500, which is a drawstring cross-body bag with a calfskin lining and a characteristic wooden lock.
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It’s also made of an exotic skin, which designers are increasingly using to up the luxe factor of their bags. According to Bloomburg, exotic skins now make up ten percent of revenue from luxury brands’ handbag sales, and can sell for 30 times m more than leather pieces.
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Perhaps inspired by the French brand’s air of exclusivity, Mary-Kate and Ashley Olsen set jaws dropping in 2011 when they debuted their $39,000 crocodile backpack for The Row, which is still available for purchase.
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Hirst decorated a series of 12 one-of-a-kind gator backpacks, adorning them with gold and mutilcolor spots, as well as brightly-hued pills. They went for $55,000 each and are sold out.
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Just in time for holiday shopping – for an incredibly small selection of uber-wealthy customers – Louis Vuitton has unveiled its most expensive handbag of the moment: a $55,000 alligator skin purse.
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