News 20 of the Most Expensive Handbag Brands in 2023 and How Much They've Sold Annually
20 of the Most Expensive Handbag Brands in 2023 and How Much They've Sold Annually
Usually, a product's rarity and uniqueness speak volumes about its price in the market. For instance, designer handbags might cost more than a month of your paycheck. This is because luxury brands produce limited, unique designs only the elite can afford.
Some ladies enjoy flaunting their high-priced handbags studded with diamonds as a form of self-expression. Some people, however, use them as status symbols.
This article has compiled a list of the 20 most expensive handbag brands in the world. We'll also try to find out how successful these brands are by looking at their latest annual net sales. Without further ado, let's get started.
20. Alexander McQueen
Alexander McQueen is one of the luxury brands known for producing the best handbags for modern fashionistas. With its bold, gothic, and romantic works, this creative fashion brand was regarded as the epitome of rebellious fashion.
The current net worth of the brand is estimated to be $128 million. One of their most popular crafts is The Story bag, which Selena Gomez has worn. The Heroine Bag, on the other hand, is one of their most costly handbags, costing $2,995.
Bulgari is an Italian brand known for its exquisite jewelry, but it also sells fine leather handbags for modern ladies. This luxury brand's revenue in 2021 and 2022 is likely to be between $100M and $250M.
The Serpenti Cabochon, which features a geometric maxi matelassé pattern, is their most expensive handbag, retailing at $3,500.
Valentino is an Italian luxury fashion brand founded in 1959. Its exceptional products include bridal collections, accessories, and handbags with bold colors, unique designs, and strong urban features.
The latest annual income for Valentino bags is estimated to be $4,744,000. The Garavani One Stud Large Leather-Trimmed Raffia Tote, which costs $3,900, is their most expensive handbag sold.
17. Christian Dior
Christian Dior is a French luxury fashion brand that was founded in 1946. Dior embodies elegance and sophistication and has become one of the world's high-end brands. Anyone may wear their stylish handbags to both professional and casual events.
In 2021, Christian Dior reported revenue of 64.2 billion euros. The most costly handbag that the company sells is the $4,000 'Lady Dior' bag, which Princess Diana wore.
Versace is another well-known Italian brand that is renowned for its unique designs, rich colors, and iconic prints. They provide a large selection of leather goods for sale, including handbags. These handbags by Versace are regarded as high-end fashion accessories.
Versace reported global sales of $1.10 billion in the fiscal year that concluded on April 2, 2022. One of their most popular and expensive handbags is the Vanitas Demetra with Studs, which costs $4,195.
Celine is a French luxury brand that was founded in 1945 by Céline Vipiana. With its unique and durable creations, there's no doubt that Celine is among the most expensive handbag brands in the world.
Celine's latest estimated annual revenue is $500M-1.0B. The Céline 16 Bag is one of their most famous pieces, with several celebrities seen wearing it, including Lady Gaga. It is their most expensive handbag, selling for $4,250.
Prada is a luxury handbag brand founded in 1913 by Mario Prada and his brother Martino. This high-end company is well-known for selling fashionable garments and luxurious handbags. Many fashionistas regard Prada handbags as an elite accessory.
Prada's most recent total net revenue is 1,501 million euros. The Brandy Top Handle bag is their most costly handbag, costing $10,200.
Givenchy is a high-end fashion brand founded in 1952 by Hubert de Givenchy. From its stylish haute couture with edgy patterns to expensive handbags, Givenchy is a well-liked and high-quality option for many fashionistas.
This luxury brand has the latest annual net sales of $41.2 million. Their most costly handbag offered is the Alligator Antigona, which costs $36,000.
Burberry is a high-end British brand well-known in the United States as one of the best top handbag designers. When it comes to fashionable goods made of quality materials and extra durability, Burberry is an excellent choice.
Burberry’s latest total revenue is $3.2 billion. The Bloomsbury Hand-Painted Alligator bag, which costs $37,000, is their most expensive handbag to date.
Gucci is an Italian fashion house founded in 1921 by Guccio Gucci. It is one of the most prestigious designer handbag brands of all time. What’s great about this brand is that it offers a diverse selection of bag collections in various styles and designs.
Gucci had the latest annual revenue of $7.1B in 2021. One of their most iconic and expensive purses is the Jackie Crocodile Shoulder Bag, which costs $37,400.
10. Saint Laurent
Saint Laurent is a luxury French fashion brand founded in the early 1960s. This high-end company is regarded as one of the world's largest and most expensive handbag brands. It is well-known for producing classic, minimalistic, and sophisticated handbags.
YSL generates annual revenue of €2.52 billion. One of their most popular handbags is the 'Sac De Jour' leather tote, which can cost up to $34,000.
Fendi is an Italian luxury fashion brand founded in 1926. The brand is primarily recognized for its high-quality leather goods and furs, but it eventually expanded its product line to include handbags, shoes, purses, accessories, and fragrances.
Fendi's most recent annual net revenues totaled 6.3 billion euros. The Selleria bag, which costs around $38,000, is their most expensive handbag sold.
8. Hilde Palladino
Hilde Palladino is a Norwegian fashion designer who debuted her designer handbag collection in 2001. Her handbags are crafted in Italy, emphasizing details, and the company has become known for producing some of the world's most remarkable bags.
Her most famous and expensive creation is the limited-edition 'Gadino,' made from white crocodile skin and set with 39 diamonds. It is around $38,470 in price.
7. Marc Jacobs
Marc Jacobs is an American fashion designer widely regarded as one of the most influential in the industry. He began developing his collection of accessories and fashion products after working at Louis Vuitton for almost 17 years.
This luxury handbag brand's most recent annual revenue ranged between $25M and $50M. Their iconic Carolyn Crocodile, which costs $50,000, is one of the most expensive handbag brands in the world.
6. Judith Leiber
Judith Leiber was a Hungarian-American fashion designer well known for her crystal minaudières. In 1963, she launched her own brand, Judith Leiber, which immediately became popular.
The brand's average annual revenue is around $10 million. Its most expensive and famous creation is the 'Precious Rose,' valued at $92,000.
5. Louis Vuitton
Louis Vuitton is a world-renowned handbag brand that was founded in 1854. This French fashion company is known for producing iconic designer bags that exude elegance and sophistication.
Louis Vuitton reported an annual revenue of $75.973 billion for 2021. The 'Kasuma Pumpkin Minaudière Bag,' which costs $133,430, is one of their most expensive handbags.
Chanel is a French luxury fashion company that began with leather headgear and other leather products. It now specializes in high fashion and luxury goods for women, such as handbags, accessories, and clothing.
This high-end brand had a total revenue of $15.6 billion in 2021. Chanel's ‘Diamond Forever’ handbag, which costs $261,000, is by far the most expensive handbag ever sold by them.
3. Lana Marks
Lana Marks is an American fashion designer who established her own brand, Lana Marks. This fashion brand is known for its unique animal-skin handbags. Lana Marks launched a line of bold and elegant leather items in 1984.
Lana Marks' annual revenue averages $7 million. Celebrities on the red carpet wear their ever-famous and expensive Cleopatra Clutch, which can cost up to $400,000.
Hermes is a French-based fashion brand that offers high-end products to customers. This brand has a wide variety of goods, such as renowned handbags, leather goods, clothing, footwear, watches, and other items. Their handbags are regarded as major status symbols.
Hermes' revenue amounted to €9 billion in 2021. For the record, the Kelly Rose Gold bag, which has 1,160 diamonds, is their most expensive handbag. This designer bag costs $2 million.
Mouawad is a luxury Swiss and Emirati company founded in 1891 by David Mouawad. This high-end brand specializes in making jewelry but is now regarded as one of the best high-end handbag brands worldwide.
Mouawad's average annual revenue is estimated at $61 million. The '1001 Nights Diamond Purse,' which costs $3.8 million, is the brand's most iconic creation. This masterpiece holds the Guinness World Record for the world's most valuable handbag.
Designer handbags are pricey for a reason. Aside from being sturdy and well-designed, these bags are a good investment because their resale prices skyrocket after a few years.
It's fascinating to learn that fashion brands have bags worth tens of thousands of dollars. You might not be able to buy one right now, but there's no harm in dreaming. After all, a luxury bag isn't going to define your value in society.
Scroll Down for Comments and Reactions