This is an alligator backpack, created by Mary-Kate and Ashley Olsen‘s fashion line “The Row.”
It sells for $39,000. And apparently more people are willing to spend that kind of dough on a bag than even the Olsen twins expected.
Women’s Wear Daily reports that Mary-Kate and Ashley Olsen are struggling to meet demand for a $39,000 alligator backpack from their luxury fashion line, The Row.
The outrageously expensive backpack was “the first thing that sold off the shelf,” Ashley said at the Paris launch of the twins’ new handbag collection on September 30.
“During our last economic crisis in the U.S., the only thing that went up was Hermès,” the champagne-sipping mini-mogul commented regarding the popularity of pricey items during difficult financial times.
“If you were ever going to spend $39,000 on a bag, that’s the bag you should buy,” Barney’s Fashion Director Amanda Brooks told Fashionista upon the bag’s debut in July.
Brooks thinks this accessory really is all that: “There’s enough design to make it interesting and beautiful but they truly are classic bags – and I think you also might be the only one who has it.”
Man, it’s a knapsack. Would you cop this bag even if we weren’t in a recession???