Hermes Creates $2 Million Gold Handbag

Joanna Douglas
Shine from Yahoo! Canada
March 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

What to Read Next

Why Pre-Diabetics Need To Eat This Food

Dietary research has shown that eating this food can be very effective in reducing the chances of developing diabetes when at risk.

The Best Video Security Systems Money Can Buy

Everything you have ever wanted to know about the best video security systems. All on Yahoo Search!

Kick off summer with big savings at Levi's®

Last day to get 30% off sitewide. Use Code: MEMDAY at checkout. Shop this deal exclusively at Levi.com today.

New Solar Rebates Throw Power Company A Curveball

Why is no one telling homeowners about this? If you own a home and pay more then $19/month for power, you better read this.

Homeowners in for a Pleasant Surprise in 2016

When homeowners visit the Amerivalue website, they may be surprised to see that they qualify for a program that has banks on edge. Learn more.