Olsen Twins' $39K Backpack Sells Out—Quickly

Apparently ridiculously expensive luxury items perform well in a recession
By Evann Gastaldo,  Newser Staff
Posted Oct 6, 2011 9:13 AM CDT

(Newser) – The solution to America's endless economic woes is apparently the Olsen twins' $39,000 backpack. In a Women's Wear Daily interview from last week just getting some attention, Ashley explains why she and her sister thought extreme luxury might sell: "During our last economic crisis in the US, the only thing that went up was Hermès." And their plan worked: The alligator backpack, part of The Row handbag collection, "was the first thing that sold off the shelf," Ashley says. Gawker has a picture, and snarks that it is "made exclusively from the skin of the mysterious fourth Olsen sister, who lives in a cage in their basement." (Read more Ashley Olsen stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.