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?
Or it could be the Hermes Birkin Bag.
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.
$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
March 17th, 2007 6:20pm
Yeah, about 2000 pounds for a suit from that guy.
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.
March 17th, 2007 6:35pm
Here's one that actually sold for $21k.
March 17th, 2007 6:38pm
Here's a video about the bag: