“I have enough bags,” said no one ever. Luxury handbags from elite brands continue to dominate the fashion industry, and women (and men) can’t get enough. From household names such as Louis Vuitton, Chanel, Hermès, and many other high-end brands, their handbags have emerged victorious in their styles and are available in a broad spectrum of designs and colors to fit a classic or modern fashionista’s needs.
Some of the world’s most expensive purses and bags are the highlight of every occasion and event. Since there are endless handbag brands and designs to choose from, it can get difficult to pick a favorite or decide which one to invest in.
To make it easier for you to determine the appropriate bag for your sense of style, Biltmore Loan has listed 10 of the world’s best and most luxurious handbag brands and designs, including:
1. Hermès
The popularity of this megastar fashion house is evident in people’s high demands despite its hefty price tags. The Matte Crocodile Biking Bag, named after English-French actor-singer Jane Birkin, is the brand’s most expensive handbag to date, costing at least $120,000. More rare Birkins, including the Hermès Himalayan crocodile Birkin, is priced at an outstanding $432,000, which is thought to be the most expensive Birkin ever offered for sale.
The increasing demand for this iconic Hermès trademark has become a symbol of class, wealth, and status. A Birkin’s exterior is not only crafted from genuine crocodile leather, but also embellished with a diamond-studded clasp of 10-carat diamonds set on a bed made of white gold.
Related: Learn How to Sell Your Hermes Bag for Cash
2. Chanel
Chanel is a world-renowned high-end fashion brand that definitely cannot skip this list of the best and most expensive designer handbags. For decades on end, Chanel has accompanied celebrities to major award shows like the Academy Awards, Golden Globes, Grammys, movie premiers, and all significant events where fashion can be shown off.
Coco Chanel launched the brand in 1909. Today, the fashion house continues to be among the top 10 luxury brands in the world.
Related: Learn How to Sell your Chanel Bags for Cash
3. Fendi
Fendi is an Italian luxury fashion house established in 1925 and is best known for its “baguette” or B handbags. These fashion-forward arm candies are available in white lambskin, black crocodile leather, and a variety of other designs, with each bag costing around $28,000.
4. Louis Vuitton
A classic brand beloved by all, it’s quite apparent why Louis Vuitton is on this list. This French house of fashion has long been the symbol of class and elegance since its launch in 1854. On a global scale, the brand value of Louis Vuitton handbags is close to $25.9 billion.
This brand has been catering to the taste of every individual, including A-listers who often carry one of Louis Vuitton’s masterpieces at red carpet events. Among the many favorites include the Noé or the bucket bag, which retails for $1,440; the Raindrop Besace, a waterproof design that costs nearly $2,000; and the Petite Malle, which is one of Nicolas Ghesquiere’s first creations after taking over Marc Jacobs, costing $34,000. Undoubtedly, Louis Vuitton is one of the most expensive and best handbag brands in the world.
5. Marc Jacobs
Marc Jacobs’ massive success is partly attributed to an exclusive creation – the Carolyn Crocodile handbag made with purple crocodile skin and cost $50,000. Despite its expensive price point, customers continue to pine for the exquisite, high-quality item.
After successfully serving Louis Vuitton, American fashion designer Marc Jacobs started his own line of fashion accessories and ranked among the top fashion designers in the world. His business expands in over 200 retail stores in 80 countries across the globe.
Conversely, the Delray, a stunning and eye-catching pink leather bag with gold hardware is another famous creation from the label, costing around $2,000.
6. Mouawad
Mouawad is a privately held Swiss and Emirati luxury goods company. Its 1001 Nights Diamond Purse, which is made up of 18 karat gold and encrusted with more than 4,500 diamonds, is one of the most expensive and best designer handbags that the brand makes, costing a whopping $3.8 million. In 2010, the 1001 Nights Diamond Purse earned a place in Guinness World Records for being the most valuable handbag in the world
7. Hilde Palladino
Norwegian designer Hilde Palladino became a household name after debuting the Gadino Bag in 2001. The luxurious piece is crafted from white crocodile skin and has 39 diamonds strategically placed on the clasps that are purely made from white gold. Today, Hilde Palladino bags are listed among the most expensive handbags in the world and are available in high-end boutiques like Bergdorf Goodman and Harvey Nichols.
8. Yves Saint Laurent
In the elite group, Yves Saint Laurent (YSL), founded in Paris in 1961, remains as an incredibly popular luxury fashion name. They are known for timeless handbag designs that spell luxury like no other. Some of their most beloved pieces include the Muse Bag, costing $18,990 and is available in two sizes; the Classic Duffle 24 retailing for $2,990; and the Monogram SL Chain Wallet sold for $1,490.
9. Valentino
A famous brand in the clothing industry, Valentino has also made its mark in the women’s handbag industry, too. The mere presence of the brand’s tag has everyone and their mothers flocking to get their hands on both its latest and most classic pieces.
Their luxury handbags come in neutrals and bold neon colors in order to cater to the likes of every fashionista. Valentino’s My Rockstud Tote, costing around $2,595, is beautifully crafted out of crocodile skin and is growing in demand by the day.
10. Prada
Started in 1913 by Mario Prada and his brother Martino as a leather goods shop, Prada is now among the well-known names in luxury brand labels. Their handbags are considered to be an elite fashion accessory, with Prada designs getting better with each passing year. At Milan Fashion Week 2018, Prada exhibited its Spring and Summer handbag collection, which were mostly embellished by glistening crystals of all different shapes and sizes.
Are you interested in selling your handbags?
As years pass, classic and modern designer handbags only rise in value and rarity. With proper care and maintenance, a luxury bag can prove its worth as an investment piece. If you are looking to sell your designer purses, Biltmore Loan offers the most competitive prices when buying or accepting collateral loans for high-end leather goods. Interested? Call us today at 480-991-5626 for Scottsdale and 480-705-5626 for Chandler. You may also complete our online form for a free market appraisal.