Luis said there is a global cyclical shift away from apparel toward accessories.
The brand has also confirmed a collaboration with Alexander Wang.
The bags are priced in the $300 to $500 range.
The coveted style went up for bidding at Christie’s in Hong Kong and is rumored to cease production next year, which most likely fueled its record price, said the auction house.
The New York-based footwear brand is known for its signature quirky espadrilles and flat sandals.
Handbags not easily scored are sourced and found for clients.
Seven hundred designers, suppliers and retailers came to Chelsea Piers to support the HBC Foundation and K.I.D.S. Fashion Delivers.
Nostalgia for vintage plays into demand for products.
Nicole Warne, Yoyo Cao, Hilary Tsui were among the fashionistas asked to design their own version of the Photocall bag.
The Italian handbag brand has filed a petition for composition with creditors and appointed Anton Magnani as chief executive officer.