Christmas parties are tricky, almost universally. Except for one or two per year where you get to see your actual friends who don’t really care what you wear because they remember that time you thought adult knee socks were a good idea, the opportunity for judgment is rife. Not only is it important to strike an appropriate, chic note at your own office Christmas party, but at that of your significant other, where no one else knows you?

Our friends from Heritage Auctions are at it again. Have a Holy Grail Handbag in your mind? An exotic? Some Hermes? Exotic Hermes, maybe? Or exotic…anything? Those are the bags that dreams are made of, naturally, and Heritage Auctions is in the business of making those dreams come true. In the Heritage Auctions Handbag & Luxury Accessories December Auction on December 4 in Dallas, the selection of dream bags up for grabs is truly mind-blowing.

I had a close encounter of the VBH kind over the weekend. I was shopping with some friends at the Woodbury Common outlets north of New York City (HIGHLY RECOMMENDED, by the way), and at the Last Call Neiman Marcus store, I found the little corner of the handbag section where they were hiding the stuff you’d actually want to buy: Jason Wu, Marni, and most excitingly of all, VBH.

I’ve been anticipating the arrival of the Victoria Beckham Soft Victoria Leather and Watersnake Tote for almost five full months now. The bag first caught my eye when Beckham released the Fall 2012 lookbook way back in the spring, and it struck me then that perhaps the brand had found its handbag stride. It still feels that way.

The object of my affection is now available for further inspection, and I’m excited to say that I love it just as much now as I did then.

And in order to own the above alligator version, I’d probably have to do that literally – rent payments would have to go toward a bag mortgage of some kind. (Feel free to make up your own joke about how New York City apartments are tiny anyway and insert it here.) The Reed Krakoff Alligator Uniform XL Satchel might be worth it, though, particularly if I can get an air conditioner installed in there.

Full disclosure folks, this bag is not cheap, like, at all. I’ll get into the specifics on the price later, but now that I’ve been up front, I feel as though I can talk about this beautiful bag without the guilt. After getting over the immense sticker shock that the price tag gave me, I actually found myself in awe over the Valextra Alligator Isis Clutch.

Summer is the season of travel and it looks like luxury house Salvatore Ferragamo knows how to design for its elite clientele. Ferragamo Creative Director Massimiliano Giornetti designed a variety of exotic cases for Pre-Fall 2012 with the fashionable jet setter in mind. He said his inspiration came from Italian royals traveling throughout Europe. If you always dreamed of being a real-life princess and it never happened (join the club), you can still feel like one by carrying the Salvatore Ferragamo Exotic Beauty Case which are fit for royalty.

Even though, in any particular season, Nancy Gonzalez’s bags range from clean and simple to incredibly intricate, one binding theme always remains: exotic skins, most notably crocodile, produced by the brand’s farms in Gonzalez’s native Colombia. The bags are also produced in Colombia, and the centralization of the brand’s operations allows Gonzalez to price her bags more reasonably than other brands tend to price similar materials.

I’m going to level with you guys: it’s a slow news day. We’ve reached that mid point of July, which means that it feels as though we’re as far into summer as humanly possible, but still with no light at the end of the heat-and-humidity tunnel. As much as I love the season, my sandals and maxi dresses are starting to feel a bit boring.

We first told you about The Row’s crazy patchwork fur backpack way back in December, but now we have a price to put to the bag: $16,900. Rachel Zoe’s email newsletter The Zoe Report recently sent out an endorsement of this bag, revealing the exorbitant price, and frankly I’m surprised it’s not a little bit higher.

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