Hermes Creates $2 Million Gold Handbag

Joanna Douglas
Shine from Yahoo! CanadaMarch 5, 2012


The $2 million Hermes handbag. Photo courtesy of Financial Times
The $2 million Hermes handbag. Photo courtesy of Financial Times

Hermes Birkin and Kelly bags are some of the priciest handbags on the market, often selling for upwards of $50,000. And now, despite the recession, designers at the French fashion house have challenged themselves with creating some of the world's most expensive handbags. The asking price: $1,980,034.

See more: Kate Middleton's cute $257 dress


According to the Financial Times, Hermes enlisted jeweler and shoemaker Pierre Hardy to help recreate their iconic handbags using precious materials. Together they crafted four different styles, which took two years to develop. One (pictured above) is a solid gold Kelly bag designed to look like crocodile skin, and has 1,600 diamonds covering the handle. As if this isn't outrageous enough, Hermes didn't want the bags to be too heavy, so these lavish purses are actually miniature sized. The Financial Times says that while they do work like a handbag, the tiny purse strap actually works as a bracelet.

See more:  The $400,000 t-shirt


Because of the extravagant materials, Hermes can only reproduce three of each design. With only 12 bags in this extremely limited production, wealthy collectors may have a hard time getting their hands on one. But who exactly will be buying them? "I have no idea," Pierre Hardy told the Financial Times. "But maybe they will have two bodyguards!" Patrick Thomas, the CEO of Hermes also joked about their audacious new creations. "We are a little crazy here," he told the Financial Times.

Will anyone out there spend $2 million on a miniature handbag that can't even hold a wallet? We suppose we'll have to wait and see.

More stories:

See the $19,000 gold shoelaces

World's most expensive flip-flops

Luxurious coffee cup sleeve

Hilton HHonors™ Card

Apply Today! Earn 50,000 Hilton HHonors™ Bonus Points. Terms Apply.

Women's Shoes 20% Off Epsadrilles & Sandals

Shopbop's Summer Sale: 20% off thousands of styles. Amazon Prime Free 2 Day Shipping. Fast, free shipping worldwide from Shopbop, an Amazon company.

Sally Field Gets Touching Last "Goodbye" From Burt

This will warm your heart.

Make invoicing the least of your worries.

Looking for an easy way to make sure you’re always paid on time? This free invoice creator makes invoicing super-fast and super-easy.

High Interest Payday Loans are Ancient History

$5,000 for $151/mo, 5.99% APR, 3 yr repayment, $0 down payment. Free, no obligation quotes. Get up to 5 offers in minutes. Start loan request now.

How Older Women Tighten Skin

1 Brilliant Tip to Tighten Wrinkles Revealed.