Does the Louis Vuitton Speedy ‘Millionaire’ bag really cost one million dollars?
The Louis Vuitton “Millionaire” Speedy went viral on social media immediately after launch. According to rumors, the bag has a price tag of one million dollars. When the bag’s price was revealed on the internet, it was immediately dubbed the “Millionaire” Speedy. The Speedy was specially restyled by Pharrel for his debut runway collection. Pharrell, as Louis Vuitton’s new Men Creative Director, has the challenging task of succeeding the late Virgil Abloh in 2021. And how best to do that? Simply with one million dollar bag. In that case, you can be assured of receiving a substantial amount of publicity.
THE LOUIS VUITTON SPEEDY BAG
The iconic Louis Vuitton Speedy bag is well-known among most fashion enthusiasts and is a true classic. The bag is known for its compact shape and is available in different compositions. The Louis Vuitton Speedy is most famous in monogram print, made of canvas with or without Vachetta leather strap. This model is often a fashion girl’s first designer bag.
IS THIS “Millonaire” SPEEDY BAG REALLY WORTH ONE MILLION DOLLAR ?
The Speedy bag is crafted from crocodile leather and is carefully made in a specialized exotic leather workshop at Louis Vuitton. The iconic monogram pattern is hand-painted onto the surface of the crocodile leather. This process alone took 65 hours. In addition to the standard Vachetta leather shoulder strap, there is also an 18-carat thick gold chain attached. Even the rest of the hardware is made of 18- carat gold, including the gold zipper. The well-know Louis Vuitton lock is made of 18-carat gold and set with the highest quality diamonds. This process is said to have taken two months. Furthermore, the bag comes with a classic monogram canvas print trunk, a beautiful accessory to store the bag in. All in all, we can say that this is a very valuable “bag”. Whether this bag is really worth one million dollars remains to be seen. In any case, this bag has already generated many millions in advertising for Louis Vuitton. So I would say Mission Completed.