For some women, handbags are more than just a carrying pouch for their personal belongings. Some flaunt it as a means of self-expression, from being used to display their wealth or as a status symbol accessory in showcasing their exuding individuality. A study even showed that women use it instinctively to
protect their romantic relationships, prompting them to flash their pricey handbag whenever they feel threatened by another woman.
The more limited and unique the item is, the more costly it retails in the market. This is truer than ever for designer handbags, with luxury brands manufacturing only one to three items with a unique design. This results in highly priced handbags that only the top 1% can afford, with the item being decorated with diamonds and other kinds of jewelries, then later auctioned off for a higher price point.
Despite having a firm understanding of the psychology behind purchasing expensive handbags, it can sound outrageous to justify owning an item that costs more than anything in your material possessions, including your house. However, most experts believe owning the rarest, well-designed and durable bags is a worthwhile investment, with resale prices astronomically rising after several years. With this, it’s worth looking at the most expensive handbags of 2018.
A few years ago, we created a list of the priciest handbags in existence and the ranking has now quickly changed. Once lesser-priced luxury items have now increasing in value due to rarity and uniqueness in design. This is in addition to each top designers trying to outdo each other in a bid to dominate the market.