Fashion Insanity: New Hermes Birkin Bag Costs $2m

Too Fab reports that the fancy folks over at Hermes have topped a previously released $40,000 bag, they have created a handbag that costs 1.5 million Euros, or about $2 million. Here's the kicker -- it barely holds anything! Reports have it that the miniature version of Hermes' popular Kelly bag is meant to be worn as a bracelet, with the strap resting on the wrist. According to The Daily Mail, the compartment is so small it can't even accommodate a pair of sunglasses.. Doubt the owners are concerned about its utility tho.

The bracelet/bag, or "baglet" :D is made of rose gold molded to resemble crocodile skin. 1,160 diamonds adorn the purse, upping it's price tag. It took designer Pierre Hardy two years to craft.


"We are a little crazy here," Hermes CEO Patrick Thomas admitted. When asked who would buy the piece, Thomas replied, "I have no idea, but maybe they will have two bodyguards!"

Victoria Beckham is a big fan of Hermes bags (she reportedly has a collection of Birkin's totaling $2 million) but we can't see her splurging that amount on just one piece.