The luxury handbag market is on the rise with its value expected to reach $42 billion by 2029. Karl Lagerfeld designed the crocodile bag in the style of the French label's iconic flap bags.
The bag, which came in a limited edition of just 30 pieces, fetched just over $200,000 when Christie's auctioned it in 2019. Pharrell Williams, new creative director of menswear, debuted the bag at Paris Men's Fashion Week last June.