Marc Jacobs Carolyn Crocodile Handbag - $30,000

Marc Jacobs Carolyn Crocodile Handbag is made of purple alligator skin with a unique quilted pattern and spacious interior pockets. The purple crocodile skin finish allows you to pair the bag with any designer wear of your choice.

Highly coverted by fans of Marc Jacobs, this designer bag will set you back $30,000.

Fendi Selleria Bag - $38,000

Fendi's Selleria bag combines the classic good looks and clever styling that the Italian fashion house is famous for. It is no wonder than modern style icons Beyonce and Victoria Beckham love them!

Every Selleria purse is crafted using ancient Roman leather making techniques so they stay soft and supple.

If you feel like splurging you may like to choose the chinchilla Selleria seen here, or the sable bag. These are some of the world's rarest and most opulent animal skins, and you'll pay $38,000 for the privilege of owning one.

Gadino Bag by Hilde Palladino - $40,000

This white crocodile Gadino Bag from little known Norwegian designer Hilde Palladino, looks nothing special at first glance. But look more closely to see 39 white diamonds strategically placed in clasps of white gold.

How about a trip around the world, a shopping spree and traveling first class? Take that or this bag for $40,000!

Louis Vuitton’s Tribute Patchwork Bag - $50,000

In 2007, 24 tribute bags were made from fifteen other bags exhumed from Louis Vuitton's fashion graveyard—their spring/summer and cruise lines, to be exact.

Despite the fact that critics were disparaging about the design of this tote and the hefty price tag, all the bags sold out immediately.

Leiber Precious Rose - $100,000

Without a doubt, the most remarkable thing about Judith Leiber’s most expensive handbag is its unique rose shape.

It is lined with metallic kidskin and features 1,016 diamonds (42.56 carats), 1,169 pink sapphires and 800 pink tourmalines. For the purse’s metal components, Leiber used 18-karat white gold. Only one was ever made.

Lana Marks’ Cleopatra Clutch - $110,000

Lana Marks releases just one limited edition bag per year.

Pictured right is the 2007 bag, made with metallic silver alligator skin and 1,500 fully cut, faceted black and white diamonds set in an 18-karat white gold frame.

Celebrity fans of the Cleopatra style clutch include Charlize Theron, Angelina Jolie and Helen Mirren.

Hermès “Birkin” - $120,000

The "Birkin" bag is named after actress and singer Jane Birkin. Each bag is handmade and they are distributed to Hermès boutiques on unpredictable schedules and in limited quantities, creating scarcity and exclusivity.

While most bags are priced around $9,000 the cream of the crop is the Crocodile Birkin Bag. The white gold clasp is etched with 10 carats of diamonds. It is priced $120,000.

Louis Vuitton "Urban Satchel - $150,000

The one-of-a-kind ‘Urban Satchel” is made of the world’s finest Italian leather and hand-crafted with an unbelievable assembly of so-called “urban charms” - including bandaids, shrimp tails, tea bags, chewing gum, cigarette packets and a even a used water bottle!

Aimed at rich and famous teenagers. The Olsen Twins, Anna Wintour and Victoria Beckham were among the celebrities in the bidding war to own these bags.

LATE NOTICE: Thanks to Club Shoe Show Member and Journalist Graduate Valentina, who was not convinced about the credibility of the "Urban Satchel", researched it and actually discovered that it is a clever hoax!

Chanel “Diamond Forever” Classic Bag - $280,000

With only 13 available worldwide, this handbag by Chanel sits upon the accessory throne as one of the most expensive luxury handbags in the world.

The Chanel Diamond Forever Classic Bag is adorned with 3.56 carats made up of 334 diamonds, 18 carat white gold hardware and is made of white alligator skin.

1. Ginza Tanaka’s purse – $2 million

The most expensive purse in the world is a unique bag created by Japanese jewellery house Ginza Tanaka. The purse is covered in over 2,000 diamonds totaling 208 carats - but it is the bag’s other features make it truly special. The rest of the bag is made of platinum and the strap and clasp can be detached and worn as a necklace and brooch!