RIP Philo

40K handbag revisited

I'm assuming a 40K handbag is a bespoke, one of a kind item. Thus, it could be considered a work of art. If a rich person pays 40K for a painting, or a sculpture, is that as vulgar as paying 40K for a handbag? Are artists who charge tens of thousands of dollars for their work just scam artists?  What if the handbag took six months to make?
Permalink hello. 
March 17th, 2007 5:59pm
Or it could be the Hermes Birkin Bag.
Permalink Send private email ~~~x 
March 17th, 2007 6:18pm
The article did mention one handbag that was made up of other handbags and 4 were allowed to be sold in the US, not sure how many in europe. So that's extreme limited edition. The article shows a picture of it, and it's quite fugly.

The $40k one the woman in the article bought is mass produced in a factory. It wasn't clear whether the factory is unionized or has any protection of workers rights.

The woman stated that it was not just a handbag purchase, but it was an 'investment', which suggests to me that she thinks as you do - that the factory made bag, like limited edition chinese Beanie Babies, is a rare work of art that can only appreciate in value. She is saving for retirement with those Beanie Babies and commemorative plates.

Myself, I think this is foolish. I am saving for retirement with a mint set of Star Wars figurines, each in the original unopened packaging. They are kept in a humidity controlled vault.
Permalink Practical Economist 
March 17th, 2007 6:19pm
$40,000 for a bag is excessive, even if it's bespoke.  A Saville Row bespoke suit is less than that, max maybe $10,000
Permalink Send private email Ward 
March 17th, 2007 6:20pm
Yeah, about 2000 pounds for a suit from that guy.
Permalink Send private email Ward 
March 17th, 2007 6:23pm
Wow, I posted less that 5 minutes ago and already I am on the top line billing! Thanks! This is my first time ever there!

Here is the photo of the 'Tribute' bag, which costs $42k:

I think it is clear that this is a 'work of art', though it's also extremely ugly looking. The orange thing reminds me of craniopagus parasiticus.
Permalink Practical Economist 
March 17th, 2007 6:27pm
Yikes. I didn't realize that was the $42K handbag. LAME.
Permalink hello. 
March 17th, 2007 6:28pm
Here's a video about the bag:
Permalink Practical Economist 
March 17th, 2007 6:44pm

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