Expensive handbags not only suffice as fancy accessories, but are a sign of the high ‘status’ of their owner. They are a worthy investment, and wealthy people are ready to spend thousands and thousands on them.

Forbes magazine unveiled the list of 8 new bags which stand the test of time, but we can’t agree with all of the items. While Mulberry’s Roxanne remains a bargain from Forever 21, Ralph Lauren’s Ricky bag is a nod to Birkin. There is only one bag that really stands the test of time – the Chanel 2.5 quilted bag and it’s twice as cheap as Giorgio Armani’s clutch , that remains a copy of Chanel.

Retail Price: $8,195 (each)
Small and perfectly formed. A crocodile clutch bag transcends seasons and trends.

Burberry Lowry Bag


Starting price: $2,995
If this becomes a classic like the company’s trench, your $2,995 will be well-spent. Up the ante and splurge on the $23,000 corrugated alligator line shown here.

Chanel 2.5 Quilted Bag

Starting price: $3,495
A must-have since Coco Chanel herself designed it, the 2.5 bag is available in seasonal colors and classic black. Whether yours is brand new or a family heirloom, it’s likely to complement any outfit, especially a little black dress.

Louis Vuitton Speedy Cube Bag

Starting price: $2,000
This bag is an innovation of the classic speedy bag, an LV best seller. The Fall/Winter 2008 version merges trend with tradition, allowing for a useful and beautiful bag that will outlive seasonal trends.

Mulberry Roxanne Bag

Retail price: $695
Since it emerged on the fashion scene, the Roxanne bag has been produced in many variations from patent leather to snakeskin.

Prada Bag

Retail price $2,500
This bag is expected to be one of the big sellers in Prada’s Fall/Winter 2008 Ready To Wear collection.

Ralph Lauren Ricky Bag

Retail price $17,600
The Ricky bag has become the archetypal example of American luxury and class. Available in many colors and finishes including alligator and canvas, there is a Ricky bag for every mood and every age.

Fendi Baguette

Retail price: $3,790
Some say the Baguette, first introduced in 1997, bred a generation of bag-crazed ladies. There is a Baguette for every day of the year, including versions in printed canvas to mink fur.