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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.
It was the largest travel-goods store in the world at the time. Stores also opened in New York, Bombay, Washington, London, Alexandria, and Buenos Aires as World War I began. Afterwards, in 1930, the Keepall bag was introduced. During 1932, LV introduced the Noé bag. This bag was originally made for champagne vintners to transport bottles.
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