What’s the most expensive handbag in 2024? It’s not a Hermes, but the Mouawad 1001 Nights Diamond Purse at $3.8 million. But Hermes does dominate our list. Here’s a quick look at the most expensive handbags of 2024:
- Mouawad 1001 Nights Diamond Purse – $3.8 Million
- Hermes Kelly Rose Gold – $2 Million
- Hermes Birkin Bag by Ginza Tanaka – $1.4 Million
- Hermes Chaine’d Ancre Bag – $1.4 Million
- Lana Marks Cleopatra Clutch – $400,000
- Niloticus Crocodile Himalaya Birkin – $379,000
- Chanel “Diamond Forever” Handbag – $261,000
- Fuchsia Diamond-Studded Hermes Birkin – $222,000
- Hermes Exceptional Collection Shiny Rouge H Porosus Crocodile
30 cm Birkin Bag – $203,150 - Blue Crocodile Hermes Birkin Handbag – $150,000
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 2024.
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 increased 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.
Without further ado, here they are, ladies…
10. Blue Crocodile Hermes Birkin Handbag – $150,000
The story behind Hermes Birkin bags is quite simple, with English actress Jane Birkin’s belongings crashing down after her straw bag failed her. The chief executive of Hermes, Jean-Louis Dumas, was with Birkin by chance during the incident, and he was inspired to create unique, fashionable, and sturdy handbags while having a convenient design to help solve women’s struggles. Since then, Hermes Birkins have become one of the most established and recognizable luxury brands sought after by millions of people.
This blue crocodile Hermes Birkin handbag managed to crack our top 10 list, fetching a whopping£125,000 during the first-ever Christie’s dedicated handbag sale in Mayfair, London. With this, it managed to smash European records for priciest handbag sold, Thousands of online bidders tried to get their hands on this Birkin handbag with white gold and 18-karat diamonds, with an anonymous buyer taking this prized possession.
9. Hermes Exceptional Collection Shiny Rouge H Porosus Crocodile
30 cm Birkin Bag – $203,150
The official name of the handbag, Hermes Exceptional Collection Shiny Rouge H Porosus Crocodile 30 cm Birkin Bag with 18K White Gold & Diamond Hardware, fully explains why this handbag remains on the list of priciest handbags mankind has ever seen. This red-colored Birkin Bag broke records several years ago for being the most expensive handbag sold at public auction, with an anonymous collector winning the bidding at Heritage Auctions in Dallas, Texas.
8. Fuchsia Diamond-Studded Hermes Birkin – $222,000
Hermes Birkin bags seem to be in a competition of its own, as it manages to beat its own records for priciest handbags sold. This Fuchsia-colored Hermes Birkin bag will sparkle on your eyes on first sight with its 18-carat white gold and diamonds. This shiny bag fetched a price of $1.72 million Hong Kong dollars during an auction of Christie’s in Hong Kong back in 2015.
7. Chanel “Diamond Forever” Handbag – $261,000
Chanel’s Diamond Forever handbag looks simple and elegant, with its iconic Chanel logos standing out. The Diamond Forever is made out of fine crocodile leather bejeweled with 334 diamonds that weighs 3.56 carats in white gold. The strap made out of an 18-karat gold chain can be detached. Materials aside, rarity is another factor for its high price, as only 13 of these items were created.
6. Niloticus Crocodile Himalaya Birkin – $379,000
Himalaya Birkin bags are expensive for good reason. Not only is it made from Niloticus crocodiles, but it takes tons of hours for the dyeing process alone to lighten the hue of the material. The subtler the coloration, the more difficult it is to craft the bag.The Niloticus Crocodile Himalaya Birkin is designed to evoke images of the majestic Himalayan mountains, which has rich browns from its mountains and white as cloud snow-capped tops. Sprinkle in a few diamonds and you now have one of the most expensive bags the world has ever seen.
The most recent Niloticus Crocodile Himalaya Brikin came with over 240 diamonds encrusted on its 18-karat gold shell. It was sold during an auction at Christies in Hong Kong, beating 2016’s $300,108-priced Himalaya Niloticus Crocodile Diamond Birkin.
5. Lana Marks Cleopatra Clutch – $400,000
The fifth most expensive handbag is a fan-favorite among celebrities parading on the red carpet. The Lana Marks’ Cleopatra Clutch costs from $100,000 to $400,000. The high price point can be attributed to its rarity, with each year only seeing one new Cleopatra Clutch, and each of them varies in color and design.
To date, Chinese actress and signer Li Bingbing owns the most expensive Cleopatra Clutch, with Lana Marks and stylists specially designing the American alligator leather, which is encrusted with 1,600 white diamonds that amount to a 40 karats, to match her gown. Pink diamonds and pink gold were also used to write down Li Bingbing’s name.
4. Hermes Chaine’d Ancre Bag – $1.4 Million
True to its name, the Hermes Chaine d’ Ancre Bag carries a intricate, prison-like design due to its anchor-shaped chain links which are encrusted with 1,160 pieces of diamonds. The high price can be attributed not only for its expensive materials, but also for being a Pierre Hardy-designed collectible as only three of these were created.
3. Hermes Birkin Bag by Ginza Tanaka – $1.4 Million
With this Birkin bag on hand, you’ll have a handbag with detachable parts that can be worn to accessorize yourself. Designed by Japanese designer Ginza Tanaka, this Hermes Birkin handbag was fashioned from platinum and carries 2,000 diamonds on its outer shell and features a pear-shaped 8-karat stone centerpiece that can be detached to wear as a brooch. If you forgot to bring a bracelet or necklace, simply detach the diamond sling from this Birkin bag and impress everyone with your exquisite jewelries.
2. Hermes Kelly Rose Gold – $2 Million
If you have this item, you no longer need to wear a bracelet to your parties. Crafted to resemble crocodile leather, this stunningly small and luxurious bag made out of solid rose gold was designed in collaboration by Hermes and jeweler Pierce Hardy. This handbag, which comes dotted with 1,160 diamonds, took two years to create and only 12 with three variants were ever created. Think twice if you’re planning to store items in this bag, as it’s only big enough to store a few dollars and credit cards.
1. Mouawad 1001 Nights Diamond Purse – $3.8 Million
Mouawad 1001 Nights Diamond Purse is still the priciest handbag in the whole world, with its record remaining untouched in the Guiness Books of World Records since 2011. This is to be expected from the Emirati luxury goods company, which holds five Guinness World Records for some of the most expensive items in the world. This includes the Mouawad 1001 Nights Diamond Purse, a handcrafted 18-karat gold heart-shaped handbag, created by artisans who dedicated 8,800 hours-worth of labor of love. It comes adorned with a total of 4,517 diamonds, comprised of 105 yellow diamonds, 56 pink diamonds, and 4,356 colorless diamonds. This one-off luxury item was put for sale last year at Christie’s auction preview in Hong Kong.
Tell us in the comments why you’d buy any of these if you can.
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By Jenny Chang
Jenny Chang is a senior writer specializing in SaaS and B2B software solutions. Her decision to focus on these two industries was spurred by their explosive growth in the last decade, much of it she attributes to the emergence of disruptive technologies and the quick adoption by businesses that were quick to recognize their values to their organizations. She has covered all the major developments in SaaS and B2B software solutions, from the introduction of massive ERPs to small business platforms to help startups on their way to success.
