The Sunday Times reports on the frenzied demand for designer handbags by 'status-conscious women', which has led to extreme levels of ostentation, enabling companies now...

The Sunday Times reports on the frenzied demand for designer handbags by ‘status-conscious women’, which has led to extreme levels of ostentation, enabling companies now to produce- and sell- such ridiculous creations as the Louis Vuitton Tribute Patchwork bag, priced at £23,484! The paper compares the price to that of a new Mercedes C 180 K Coupe SE, and finds the bag to be nearly £3,000 more expensive! And LV are not the only company taking prices to such extremes, Fendi are offering a bag made from chinchilla and sable costing £20,000, whilst the £10,000 mark is covered by several labels.

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