Culture
From Saddlery to Status Symbol: The History of Luxury Handbags
The luxury handbag you carry has a longer backstory than you’d think. It stretches back centuries, through wars, social upheaval, celebrity accidents, and a chance encounter on an airplane. The bags in your closet aren’t just leather and hardware. They’re the latest chapter in a story that started before the concept of fashion even existed.
This is that story.
Before the handbag (pre-1800s)
For most of human history, women didn’t carry bags. They didn’t need to. Their clothing did the carrying for them. Starting in the 1600s, pockets were sewn into petticoats as separate, detachable pouches tied around the waist beneath layers of skirts. Everything a woman needed (a handkerchief, coins, a small looking glass) lived in these hidden pockets, invisible to the outside world.
Men, on the other hand, carried more bags than women for centuries. Travel cases, coin purses, leather satchels for documents. These were masculine accessories. Knights carried embroidered pouches called "girdle purses" on their belts. Merchants kept money in drawstring bags. The idea that bags are inherently feminine is a surprisingly modern invention.
The shift began in the late 1700s when neoclassical fashion arrived. The voluminous skirts that had hidden those sewn-in pockets gave way to slender, high-waisted Empire silhouettes. There was suddenly nowhere to put anything. The solution was the reticule, a small, often ornate drawstring bag carried by hand. For the first time, women's belongings became visible. The handbag, in its earliest form, was born out of a fashion problem.
The handbag wasn’t invented as an accessory. It was invented because women’s clothing stopped having pockets. A problem that, arguably, has never been fully solved.
The birth of luxury leather goods (1800s)
The 19th century saw the founding of the houses that still dominate luxury today. And almost none of them started by making handbags.
Hermès (1837) began as a harness and saddlery workshop on the Grands Boulevards in Paris, crafting riding equipment for European nobility. The leather was cut and stitched to withstand the daily punishment of horseback riding, a level of durability that was, at the time, purely functional. When automobiles began replacing horses in the early 1900s, Thierry Hermès's grandsons made a pivotal decision: they took that same saddlery craftsmanship and applied it to leather goods and travel accessories. Every Hermès bag made today carries DNA from saddle-making: the saddle stitch, the hand-cutting, the obsessive attention to the quality of hides. The craft didn’t change. Only the product did.
Louis Vuitton (1854) started as a trunk-maker for Parisian aristocracy. His innovation was deceptively simple: flat-topped trunks that could be stacked on trains, at a time when every other trunk had a rounded lid. It was a design born from the railway age, a trunk purpose-built for modern travel. By the 1890s, counterfeits were already a problem. Louis Vuitton’s son Georges responded by creating the iconic monogram canvas in 1896: the interlocking LV with flowers and quatrefoils. It wasn’t a branding exercise. It was an anti-counterfeiting measure. The fact that the counterfeit problem is 130 years old tells you everything about how long these brands have been desirable.
Goyard (1853) was making trunks and travel goods a year before Vuitton, serving the kind of clientele who summered on the Riviera and wintered in Switzerland. The house became famous for its Chevron pattern, hand-painted, never printed, to this day. Goyard has remained famously private, rarely advertising, letting scarcity and word-of-mouth do the work. It is the original quiet luxury house, a century before the term existed.
The handbag goes mainstream (early 1900s)
Two world wars, women entering the workforce, and the rise of ready-to-wear fashion transformed the handbag from a dainty accessory into an essential. Women needed bags that were practical, durable, and large enough to carry the tools of a modern life. The houses that had spent decades perfecting leather craft were perfectly positioned.
Then, in February 1955, Coco Chanel did something that changed handbags forever. She introduced the 2.55, a quilted leather bag with a chain shoulder strap. It sounds unremarkable now, but at the time, every fashionable bag was carried by hand or clutched under the arm. The shoulder strap freed women's hands. It was a functional revolution disguised as a fashion accessory.
Every detail of the 2.55 had a reason. The quilted diamond pattern was inspired by the padded jackets worn by stable boys and jockeys at the racetracks Chanel frequented. The Mademoiselle lock (the rectangular twist-lock closure) was designed so women wouldn’t fumble with clasps. The burgundy leather interior was the color of the uniforms at the Aubazine orphanage where Chanel grew up. The bag wasn’t designed around trends. It was designed around a woman’s actual life.
A year later, in 1956, Princess Grace of Monaco was photographed stepping out of a car, holding a large Hermès bag in front of her body, shielding her pregnant belly from the paparazzi. The photos ran everywhere. Almost overnight, the bag became known as the "Kelly." Hermès had not planned this. There was no campaign, no influencer strategy, no product placement. A princess needed to hide something, reached for the best bag she owned, and created what is arguably the first celebrity handbag moment in history.
Around the same time, Gucci was turning wartime constraints into design innovation. During World War II, leather was rationed in Italy. Guccio Gucci's artisans began experimenting with alternative materials, bending bamboo over open flames to create the handles for what became the Bamboo bag in 1947. A material shortage produced an icon. The bag is still in production today.
The most iconic bags in history were not designed to be iconic. The Chanel 2.55 was designed for practicality. The Kelly became famous by accident. The Gucci Bamboo was born from wartime scarcity. Function first, legend after.
The birth of the Birkin (1984)
The most famous origin story in luxury happened at 30,000 feet.
In 1984, Jane Birkin, the British-French actress and singer, found herself seated next to Jean-Louis Dumas, the chairman of Hermès, on a flight from Paris to London. As she struggled to fit her belongings into the overhead bin, the contents of her straw bag spilled across the cabin floor. She turned to the man beside her and told him she could never find a leather weekend bag she liked. One that was spacious enough for real life but beautiful enough to carry everywhere.
Dumas sketched a design for her on an airsickness bag right there on the plane. It would be roomy, with a flat bottom so it could stand on its own, a flap closure with a turn-lock, and a padlock for security. It would be hand-stitched by a single artisan using the same saddle stitch Hermès had perfected over 150 years. The Birkin wasn’t born from a marketing brief or a runway concept, but from a woman on an airplane who needed a better bag.
What happened next defied every rule of consumer goods. Hermès never mass-produced the Birkin. Each one takes 18 to 25 hours of handwork by a single craftsman. The waiting list grew to years. The scarcity became the point. And the bag became something no other fashion item had ever been before: a genuine financial asset. Today, a Birkin in the right configuration sells for more on the secondary market than it costs at retail, a dynamic that has held for decades. A bag designed because someone's things fell on an airplane floor now outperforms most stock portfolios.
The It Bag era (1990s–2000s)
The 1990s and 2000s invented a new concept: the It Bag. A single bag style could define a season, a brand, an entire cultural moment. It was thrilling, frenzied, and for some bags, financially disastrous.
The Fendi Baguette (1997) was the first bag to become a character. Designed by Silvia Venturini Fendi, it was small, tucked under the arm like a French baguette, and came in hundreds of variations: sequins, fur, beading, exotic skins. But it was Sex and the City that made it a phenomenon. When a mugger demanded Carrie Bradshaw hand over her bag, she replied: "It's not a bag, it's a Baguette." The line was absurd and perfect. It captured a moment when a handbag could carry that much cultural weight.
The Dior Saddle Bag arrived in 1999, designed by John Galliano during his maximalist, headline-making tenure at Dior. It was asymmetric, curvy, draped over every celebrity arm in Hollywood. Then it vanished, abandoned by the next wave of trends. Nearly two decades later, Maria Grazia Chiuri revived it in 2018. The revival tripled resale prices overnight. The Saddle Bag became proof that dormant icons have stored value, waiting to be unlocked.
The Balenciaga Motorcycle Bag (2001), designed by Nicolas Ghesquière, became the unofficial uniform of 2000s cool girls: Kate Moss, the Olsen twins, Sienna Miller. Its distressed leather and dangling hardware looked like the opposite of precious luxury, which is precisely why it worked.
In 2003, Louis Vuitton x Murakami landed. Marc Jacobs invited the Japanese artist Takashi Murakami to reimagine the monogram canvas in a rainbow of colors. It was pop art on a handbag. It was also the beginning of the luxury collaboration era, the idea that a heritage house could partner with an outside artist and create something entirely new. Every brand collaboration you see today traces a direct line back to that moment.
And then there were the cautionary tales. The Chloé Paddington (2005) arrived with more hype than any bag in memory. Enormous waitlists, celebrities fighting over the first shipments, a massive padlock dangling from the front like a talisman of exclusivity. Within three years, it had depreciated 80%. The hype evaporated. The waitlists disappeared. The bag that was supposed to define an era became a lesson in the difference between buzz and lasting value.
The It Bag era proved something important: not all desirable bags hold value. The ones connected to heritage (Chanel, Hermès) appreciated over time. The ones driven purely by hype often didn’t survive the next trend cycle.
The quiet luxury era (2010s–2020s)
After the noise of the It Bag era, the pendulum swung. The 2010s brought a different kind of desire, one that whispered instead of shouted.
Céline under Phoebe Philo (2008–2018) became the most influential force in luxury. Philo stripped everything back. No logos, no embellishments, no celebrity campaigns. The clothes and bags were intellectual, minimal, and designed for grown women who didn’t need fashion to validate them. The Luggage Tote was the signature piece: a wide, face-like silhouette that was almost ugly, and absolutely magnetic. It proved you could create intense desire without a visible logo. When Philo left Céline in 2018, the resale market for her-era pieces spiked. The work of a creative director became a collectible category unto itself.
Bottega Veneta under Daniel Lee (2018–2021) pushed the no-logo movement further. Lee took Bottega's signature Intrecciato weave and made it feel urgent and modern. The Pouch, a soft clutch the size of a pillow, and the Padded Cassette became Instagram phenomena without a single visible logo. "When your own initials are enough" became the unspoken ethos. The color green, “Bottega green,” became the most recognizable brand identifier in luxury, and it was just a color.
The Row, built by Mary-Kate and Ashley Olsen, took stealth wealth to its logical extreme. No logos. No visible branding. Prices that made Chanel look accessible. The Margaux became the bag for women who didn’t need you to know what they were carrying. The point was that they knew. The Row never holds sales. There are no outlets. The scarcity is real, and the resale values reflect it.
And then there's Miu Miu. Miuccia Prada's playful side project suddenly became the brand everyone was talking about. The micro minis, the ballet flats, the Wander bag. Miu Miu proved that you don't need a century of heritage to generate real heat. It felt young, irreverent, and knowing. The resale market noticed.
This era also coincided with the normalization of luxury resale. Platforms like The RealReal, Fashionphile, and Vestiaire Collective brought transparency to a market that had been opaque for decades. For the first time, anyone could see what a used Chanel sold for last Tuesday. The handbag was no longer just fashion. It was an asset with a trackable, fluctuating market value.
Bags as financial assets (2020s)
COVID accelerated two forces that had been building for years. First, luxury prices skyrocketed. Chanel raised its prices multiple times during the pandemic, pushing the Classic Flap from roughly $5,800 to over $11,000 in the span of a few years. Hermès became even harder to access. Second, resale went fully mainstream, no longer a niche hobby but a normal way to buy and sell luxury goods.
The numbers started to speak for themselves. A Birkin has outperformed the S&P 500 over a 10-year period. A Chanel Classic Flap purchased in 2019 for $5,800 is now worth $12,000 or more on the secondary market. Women who bought certain bags at retail and kept them in good condition were sitting on returns that would make a hedge fund manager raise an eyebrow.
The language shifted. Women started talking about bags the way people talk about stocks: cost basis, appreciation, portfolio diversification, market timing. "Should I sell now or hold?" became a real question. "What's the ROI on this colorway?" was no longer absurd. The handbag had completed its transformation: from functional accessory, to fashion statement, to status symbol, to genuine financial asset with a volatile, trackable market.
This shift from accessory to asset is exactly why Purr exists. If your bag has a market value that changes over time, you should be tracking it. Your closet isn’t just a closet anymore. It is a portfolio. Purr helps you see it that way.
The women who benefit most from this shift aren’t the ones flipping bags for profit. They’re the ones who already own five, ten, twenty bags and have never once checked what their collection is worth as a whole. They bought a Kelly in 2016 and don’t realize it has doubled. They have a Classic Flap from 2020 that’s appreciated 40%. They’re sitting on portfolios worth six figures with no tracking, no price alerts, and no visibility into when the market moves.
The history of luxury handbags is a history of craftsmanship becoming culture becoming commerce. The bags haven’t changed. A Birkin is still hand-stitched the same way it was in 1984. What has changed is how we understand what they are worth, and what that means for the women who own them.
Your bags have a history. Now track their future.Join Purr. Portfolio tracking for your closet.