Designer bags are nowadays thing of prestige, but have you ever thought about what are the most expensive designer handbags in the world in 2016? Big fashion houses are known –among other things- for charging ludicrous amounts of money for their clothes and accessories.

One of the most expensive is famous Hermès Matte Crocodile Birkin Bag. The price is paltry USD 120,000! This brand is known for its excellent craftsmanship and unrelenting attention to detail. These qualities combined with the premium materials used – crocodile skin and palladium silver- partially justify the price tag on this bag, but as I said earlier a big part if the purses’ worth is determined by the fashion house’s name, reputation, and the exclusiveness of the product. Another one that has to be on the list is Louis Vuitton Kusama Pumpkin Minaudiere Bag. The price is USD 133,430. Inspired by the small jewelry bags from the 30’s, this pumpkin-shaped collaboration of Yayoi Kusama with Vuitton is covered with her signature and neurotic spotted pattern. It is made out of black resin and pure gold. Designer handbags are expensive not only because of the label that stands on them but because of material and their design. There are plenty of reasons why some handbags have such a high price. It needs to be an expensive material, or that comes from a famous designer. Rich people love expensive things. Thinking that the higher price you things that buy, the higher social status. Handbags encrusted with diamonds is something that has existed in the Middle Ages and is something that the former nobility wanted to have. Birkin bag is expensive because it is handmade by expert artisans in France. The company’s signature saddle stitching, developed in the 1800s. Each bag is hand-sewn, buffed, painted, and polished, taking several days to finish. An average bag is created in 48 hours. Leathers are obtained from different tanners in France, resulting in varying smells and textures. Because of varying individual skills, other details of the bags may not match with other bags. The company justifies the cost of the Birkin bag, compared to other bags, based on the meticulous craftsmanship and scarcity.

If you want to see what are the most expensive designer handbags in the world in 2016, check Insider Monkey’s list of 10 Most Expensive Designer Handbags in the World in 2016 and after that maybe you will decide to buy one for yourself.

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