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Pricey Purses

Forbes Showcases Ridiculously Expensive Handbags

— May 26, 2006 — Luxury
Forbes’ most expensive handbags:

While not ever one might be stricken with handbag lust, after long runs of popular, fashion forward shows like Sex in the City, it is certainly a well known affliction. Most of us are content to settle for bags in our price range, but for those who have no price range, a five-figure handbag is the ultimate in luxury and style. Forbes’ put together a list of the top ten most expensive handbags, all of which seem to be in crocodile. The list includes the $27,700 black crocodile Fendi B bag, the $18,990 YSL Muse bag in white crocodile, $15,000 Zac Posen Alexia in blue croc and the $12,880 chocolate croc Chloe Paddington bag.

Set aside your lust and be content with handbag envy and view the full slide show.
Trend Themes
1. Luxury Handbags - There is a growing demand for luxury handbags made from exotic materials like crocodile, offering innovative designers opportunities to craft more exclusive high-priced handbags.
2. Pricey Accessories - Businesses could innovate by targeting consumers with no price range by creating and promoting high-priced accessories, giving the affluent populace more options to flaunt their wealth.
3. Handbag Obsession - There's an increasing interest in handbags due to their exclusivity and association with luxury, which could lead to more startup opportunities targeting consumers who want to make a statement with exclusive handbags.
Industry Implications
1. Fashion Industry - The fashion industry can leverage the demand for luxury handbags to create high-end collections to cater to wealthy buyers who want to own exclusive and expensive accessories.
2. Leather Industry - The leather industry could explore new techniques and materials to produce exotic leathers like crocodile more sustainably, creating eco-friendly luxury alternatives for consumers who are willing to pay exorbitant prices.
3. Luxury Retail Industry - Luxury retailers can innovate by partnering with niche luxury handbag designers and offer more exclusive one-of-a-kind handbags to target high-end consumers who value uniqueness and quality in their accessories.
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