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Much like shoes and jewelry, handbags are more than just an accessory, they're a status symbol. Handbags have long been a part of women's fashion, dating back to 1854, when Louis Vuitton...
The bag quickly became a symbol of wealth and exclusivity due to its high price and assumed long waiting lists. [4] Birkins are a popular item with handbag collectors, and were once seen as the rarest handbag in the world. [5] [6] The bag's value is a matter of its intentionally high price, which has led to its being described as a Veblen good ...
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The term "It bag" was coined in the 1990s with the explosive growth of the handbag market in fashion. Designers competed to produce a single, easily recognisable design which, if cleverly marketed, endorsed by the fashion press, or seen being carried by a celebrity, would become that season's must-have bag, selling in large numbers.
The Kelly bag (formerly known as the Sac à main de Voyage) is a leather handbag designed by the Paris-based, high-fashion luxury-goods manufacturer Hermès. The bag was redesigned several times before it was popularized by and then named after the American actress and Monégasque princess Grace Kelly. The bag is now an expensive status symbol.