One sure-fire way to show off your wealth is to own or gift luxury items made by one of the 11 most expensive handbag brands in the world.
A woman who possesses a bag made by one of these brands will surely be a main attraction at parties and gatherings, as such a bag would indicate her opulence and fine taste. A man who can give such a bag to a lady he desires is certainly one with enormous wealth and power. The robber who can snatch one of these bags will be glad that he hit the jackpot; that is, until he is inevitably captured. Chances are that the bags made by these brands are extremely rare, making the resale of these bags a very risky proposition.
As to why a vessel for holding a limited number of items can cost as much as a house (or even 20), there are a few factors in play that inflate the prices of these bags. The most significant factor is the material used for that particular handbag. Many of these handbag makers use expensive materials. And we’re not talking about just the rarest of leather, although that figures into the value of some bags as well. For the most expensive of bags, there are precious gems and other materials involved, such as gold, platinum, and diamonds. And it’s not just a single diamond; we’re talking about thousands.
Another factor that drives up the price of these expensive handbags is the value of the brands themselves. It’s one thing to create a luxurious, rare-leather handbag by yourself, but it’s another thing if the maker of such a bag is a designer that is deemed synonymous with luxury and high fashion. No doubt that branded bag sells better, which explains the whole underground industry of counterfeit bags and other items.
For more luxury items to marvel at, check out our list of the 11 most expensive makeup brands in the world.
As for the 11 brands that sell the most expensive handbags, there are even a few individuals and institutions responsible for these luxury items. Of the 11 brands, four are owned by LVMH Moet Hennessy Louis Vuitton SE (ADR) (OTCMKTS:LVMUY), the luxury conglomerate responsible for expensive liquor for guys and even more expensive bags for girls. Three brands carry the name of their creators, who are fashion design royalty of the highest order. As for the other four luxury brands— Prada, Gucci, Chanel, and Hermes— they are owned respectively by Prada S.p.A. (HKG:1913), Kering (EPA:KER), Chanel SA, and Hermes International SCA (EPA:RMS).
The brands were ranked based on the price of the most expensive handbag that particular brand has sold. To make things more interesting, we note that none of the brands that made this list of the 11 most expensive handbag brands in the world is responsible for the actual most expensive handbag ever sold; its maker isn’t even a fashion brand.