Shrieks tumbled down New Bond Street this year when Chanel upped the price of their classic flip bags another 16 per cent, putting them at a costly RRP of £8,675 (they were £4,830 in 2019). Little did they know that the million dollar handbag era was lurking around the corner.
The bag in question? Louis Vuitton’s ‘Millionaire Speedy 40’, which caused hysteria when reports it would cost a mighty $1,000,000 (or £812,535) emerged. Vuitton have said the bag will be available from January 4, but maintain prices will only be available on application.
