Richard Prince collaborated with Marc Jacobs to design artistic bags for the Louis Vuitton Spring/Summer 2008 line.

The hottest item right now is the Louis Vuitton Watercolor Speedy which is said to be released in the US in May.

The monogram pattern is designed in a manner that has the orange, red, and yellow paints looking like they were painted on with watercolor paint.

In early 2007, Louis Vuitton released their most expensive handbag, the Louis Vuitton Tribute Patchwork Bag. The bags, as the title suggests, were made of samples of different Louis Vuitton bags. The fifteen bags used come from the LV spring/summer and cruise lines.

The gold chain shoulder strap makes this the perfect handbag for the discerning 90s rapper while the patchwork nature of the purse itself suggests that the person owning it may have a rusted truck propped up on cinder blocks in their front yard. Louis Vuitton made twenty-four numbered copies of their most expensive handbags, priced at $45,000 and thhis limited edition purse sold out almost immediately.

Chanel’s revolutionary quilting comes to life in this elegant vintage shoulder bag. The zip top opens to a maroon leather lining, zip pocket and two opens pockets. Two elegant chain-and-leather straps complete the look.

It’s available online for $4639!

The Louis Vuitton Monogram Multicolore Zippy Coin Purse, which comes in Black or White; were finally released in Singapore in April 2008 after a long anticipated wait.

First came the one in Monogram Canvas, followed by versions in Epi, Damier Ebene and Damier Azur and finally the Monogram Multicolore ones.

There was even a special limited edition one that was launched to mark the opening of Hong Kong’s Louis Vuitton boutique at 5 Canton Road (all the guests received one for free!).

The brand has introduced a new bag made of soft cowhide. And the name of this bag is inspired by the moon phases - Mahira.

In Polynesian culture Mahira is a deity satellite white, whose candour is reflected in the delicate colours of the model. The belt is adjustable, thanks to the various options allowed by the golden. The interior is covered in microfiber, with pockets for mobile phone and accessories. The price is 2,890 U.S. dollars

YSL Downtown Computer Case is finely crafted in Italy from luxurious black patent leather, embellished with gold hardware featuring a sturdy working lock and key.

The bottom is stamped with a large YSL logo. The adjustable shoulder strap and double zipper closure offer convenience while the inside zip pocket keeps you organized. Available on YSL.com for $1,795