What Makes a Bag Worth One Million Dollars?

Pharrell's Louis Vuitton debut was a fashion feast for the eyes; but between all of the fame-filled mayhem on Paris' Point Neuf Bridge that June evening, many onlookers were focused on one thing: the Millionaire Speedy Bag. It's Pharrell's luxurious reimagination of the formerly entry-level Speedy silhouette, done in the way that "a Canal Street counterfeiter might" (with blatant logos, a memorable shape and unapologetic references) but with the plushiest leather there is. Not long after, Rihann...