chanel diamond forever classic bag
Image via Forbes

Big news in the handbag world. Chanel has announced the newest limited edition and highly coveted handbag. With only 13 available worldwide, this handbag sits upon the accessory throne as one of the most expensive luxury handbags in the world. The Chanel Diamond Forever Classic Bag will debut in December adorned with 3.56 carats made up of 334 diamonds, 18 carat white gold hardware, and white alligator skin. Five of these ostentatious handbags will be available in the states. The price tag on this number is a staggering $261,000. Yes the price is sky high, but these bags are masterpieces, works of art. With only 13 being made, owning one would be similar to an art collector owning a Picasso.

Let’s discuss: Is this bag worth the price? If you owned it would you carry it or think of it as a piece of art? Who do you think will be one of the lucky 13?

Following up with her first article on the World’s Most Extravagant Handbags, Hitha Prabhakar at Forbes interviewed me again for this article. Article and exclusive pictures below! (more…)

Judith Leiber Pigtail Miniaudiere

If I could explain the fascination easily, then you would all find my sister and I crazy, but let me just say that my older sister and I have a special place in our hearts for pigs. It is a total inside joke. I am a huge fan of Leiber Miniaudiere’s and have been waiting until I begin attending more galas and events that would call for such an elegant art piece. I was tickled to see the new Judith Leiber Pigtail Miniaudiere which resembles a chubby pig like that of Wilbur from Charlotte’s Web. This handcrafted designer art piece is fully beaded with multicolor Austrian crystals from head to toe on top of silver tone hardware and a push lock closure. Even better is the fact that a double-sided mirror and matching coin purse are included. I am not head over heels about the detachable chain shoulder strap, because I think the pig would look a tad silly just dangling off your body and heaven forbid it falls down. Cute piggy dimensions are 4 1/2″H x 3 1/2″W. Now this would not be a Leiber piece for my mother, but for a chic and still somewhat young girl like myself, it would be perfect. Pre-order via Bergdorf Goodman for $3600.

Bottega Veneta Large Cabat

While in Venice, Italy, Vlad and I made ourselves quite comfortable in the Bottega Veneta Venice store. Aside from the fact that all exotics BV makes were there, and the colors and choices were divine, there were a few limited edition pieces that deserve tons of credit. Available online in the stunning metallic Ottone color (gold), the Bottega Veneta Limited Edition Large Cabat is an oversized attention grabber. Thanks to Ms Piggy via tPF, she shared some great information about this bag: “This bag is entirely hand woven, both inside and out. So there are actually four layers (unlike the other Intrecciato whereby it is actually a large leather panel with the weaves going through the slits on it). And apparently there are very few artisans in Italy that has the woven skills required for the Cabat.” Truly a piece of divine beauty and a limited edition bag, with a numbered plaque on each bag. I nearly went ga-ga for the Large Cabat in Old Petra, but the price held me back. As I was told, the large would be a great travel bag, measuring 18 x 8 x 13 IN. But the price may take your breath away; $5650 via BV. Either way, this bag is unarguably stunning.

Hermes Birkin in Croc Porosus Lisse

In the race for Forbes’ Most Extravagant Handbags, it comes to be no surprise that Hermes takes the cake. The Hermes Birkin in Croc Porosus Lisse is no boring ‘ole standard issue 35cm Birkin, but made on special order only. The limited bag is set with over 10 carats of shiny diamonds, and with a price tag of nearly $150,000 I am quite confident that the number of orders on this beauty are quite limited as well.

Many thanks to Hitha Prabhakar, Megs was very excited to be interviewed by Forbes for the article! Read the full story here.

Lana Marks cleopatra bag

When it comes to the race for the most expensive handbag in the world, the top two competitors can not just blindly rely on handmade craftsmanship, exotic materials and an established name. To achieve maximum hyper-inflation, Lana Marks bumps her Cleopatra clutch up in the ranks by adding 1,500 small black & white diamonds to an 18 carat gold clasp. That should definitely do for a 6-figure price tag, yet short of the most expensive bag in the world. Try harder Lana!

Chanel Croc Biarritz
Image from Chanel

The buzz heard around the world came from the Louis Vuitton Tribute Patchwork Bag. Not only was I less than impressed, but also highly annoyed that those behind the curtains and scene named that atrocious mess ‘the most expensive bag in the world’. Give me a break Mr and Mrs LV PR. And give me a bigger break to the suckers who bought it. Although only slightly edging out its “competition” in price, there is a huge buzz behind a Chanel bag that is a force to be reckoned because of its price and beauty. Feast your eyes on the Chanel Croc Biarritz, an oversized (literally huge) Chanel tote designed with black crocodile. Forbes reports that there are three of these in Chanel NYC, two in Chanel LA, and three more wandering around select Neiman Marcus locations. There is a simply understated external zip pocket with a CC silver pull and dividers on the inside. Not sure if the bag can be found anywhere now, but the Chanel Croc Biarritz deserves much more fuss and press and spotlight than the LV bag of horrors. Coming in at $43,150, this bag is sure to be exclusive not only because of the limited quantity made, but also the exorbitant price tag. Any of you get one of the eight known beauties? Wanna share?? For more information contact your local Chanel boutique or Chanel online.

Louis Vuitton Tribute Patchwork Bag
Image via Forbes

I’ve already shared my thoughts on this bag :roll: Check it out HERE.

Buy more practical, reasonable, and even good looking bags via eLuxury’s exclusive Louis Vuitton boutique.

Gadino Bag by Hilde Palladino
Image via Forbes

On with the realm of the world’s most extravagant handbags comes a bag by a little known designer to the masses. Hilde Palladino, the Norwegian designer, created the Gadino Bag which is made with white crocodile and 39 diamonds which are placed on the clasps. Personally, I’d like my diamonds around my neck or on my ears. How about a trip around the world, a shopping spree, and traveling first class? Take that or the bag for $38,470.

Fendi Selleria Bag
Image via Forbes

Either chinchilla or sable, take your pick on this Fendi bag that can be made a special order and limited edition. Many people do not know that Fendi is known for its furs so there is no doubt that the Fendi Selleria Bag in either sable or chinchilla would be divine. It would not be my first choice and it will not be in my price range. For $38,000 I am thinking a BMW rather than a handbag.

Marc Jacobs Carolyn Crocodile Handbag
Image via Forbes

Personally, the whole quilted pattern is not my thing. Maybe for a seasonal bag I will take the plunge, but not for a bag that could be a gorgeous diamond ring. I would opt for a Hearts on Fire diamond ring and band (probably get a good size stone) before buying the Marc Jacobs Carolyn Crocodile Handbag. Said to be highly coveted, this handbag costs $30,000 from a line that is typically reasonably affordable. Not to mention, the Marc Jacobs line itself is not known hugely for its hit bags (at least if you ask me).

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